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Travel & Leisure

Fastjet raises $75m to fund African expansion

Apr 02 2015 09:15

African budget airline Fastjet says it has raised gross proceeds of about $75m through a share issue to fund its expansion and acquire aircraft.

Travel & Leisure

Fastjet to raise £50m to stage fund expansion

Apr 01 2015 16:45

African budget airline Fastjet says it intends to raise gross proceeds of at least £50m via a placing to fund the expansion of its operations.


BP faces investor discontent over CEO 2014 pay

Apr 01 2015 16:11

Leading consultants have urged BP shareholders to vote against chief executive $12.7m 2014 pay, saying it is not in line with the energy major's poor performance.


AngloGold may sell US asset

Apr 01 2015 11:00

Africa's top bullion producer AngloGold Ashanti says it is seeking a partner or buyer for its Cripple Creek & Victor mine in the US.

Financial Services

HSBC scandal 'unsavoury' reminder of past

Apr 01 2015 10:15

Switzerland's bank regulator says that while the scandal surrounding HSBC's private Swiss bank is "unsavoury", the lender has been working hard to clean itself up.


Gold Fields CEO Nick Holland bags R28.2m in 2014

Apr 01 2015 07:30

Gold Fields, which is set to start biennial wage talks with workers next month, gave its directors and top executives a 21% pay increase in 2014.


Yoox agrees to buy Richemont's Net-a-Porter

Mar 31 2015 19:21

Italian online fashion retailer Yoox has agreed to buy Net-a-Porter, its upmarket rival, in an all-share deal that creates an industry leader in the booming online luxury market.


Courts to decide on mines ownership compliance

Mar 31 2015 14:51

Mines minister Ngoako Ramatlhodi says there has been 'no consensus' with industry over a mandated target of 26% black ownership.

Financial Services

UK pub group snaps up beer business

Mar 31 2015 13:15

British pubs and brewery group Marston's says it has agreed to buy the beer division of Thwaites for £25m.

Financial Services

Standard Bank's Zim unit stays profitable

Mar 31 2015 13:03

In an environment of bank closures and a liquidity crunch, Standard Bank's Zimbabwean unit has reported 13.11% profit growth for the year to end-December 2014.

Inside Fin24.com


UK coal imports jump ahead of carbon tax

Mar 31 2015 20:31

Britain's coal imports should soar for the first quarter of 2015 as utilities hoard ahead of a tax rise to entice them away from coal-fired power generation.

Financial Services

Top five insurers earn R28.4bn in 2014

Mar 31 2015 12:43

SA's top five long-term insurance companies recorded total earnings of R28.4bn last year, according to the latest PwC Insurance Industry Analysis survey.

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Johannesburg has been selected to host the Global Entrepreneurship Congress in 2017. "[The congress] will ensure that small business development remains firmly on the national agenda and the radar screen of all stakeholders, the Small Business Development minister said.

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