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DRDGold headline earnings falls 100%

Sep 02 2014 18:48

Although DRDGold increased gold production and decreased costs for the fourth quarter, headline earnings for the full financial year dropped by 100%.


    CEOs in on Ice Bucket Challenge

    Sep 02 2014 17:31

    Business leaders are also taking the Ice Bucket Challenge with Woolworths CEO Ian Moir nominating bosses Maria Ramos and Doug Murray.

    Financial Services

    Sarb to investigate failed Abil

    Sep 02 2014 17:06

    The SA Reserve Bank has launched an investigation into failed lender African Bank Investments to determine if it engaged in reckless conduct.


    Woolworths finalises R9.98bn rights offer

    Sep 02 2014 16:56

    Woolworths has finalised the terms of a rights offer to raise nearly R10bn through 167.8 million new ordinary shares, says the company.

    Financial Services

    Comment on changes to financial services code

    Sep 02 2014 15:25

    Financial services providers and representatives are invited to comment on proposed amendments to their code of conduct.


    Cashbuild shares soar on revenue surge

    Sep 02 2014 15:07

    Building retailer Cashbuild has recorded a 6% increase in revenue to R6.78bn, sending its share price higher by 7%.


    McDonald’s conducts supplier audits in China

    Sep 02 2014 16:30

    McDonald's will increase the number of audits it conducts of suppliers in China after a food scandal in July dented China sales at US fast food chain.


    Airbus, UWC research hydrogen fuel cells

    Sep 02 2014 14:28

    Hydrogen South Africa Systems, the National Aerospace Centre and Airbus are teaming up at UWC to research use of fuel cells for commercial airliners.


    Russian restaurant chain hit hard by food bans

    Sep 02 2014 17:00

    Moscow's sweeping sanctions on European and US food have left the supply chain of Rosinter, one of Russia's largest restaurant chains, in tatters.

    Financial Services

    Insider traders in US face longer prison terms

    Sep 02 2014 15:00

    US judges are imposing long prison terms for insider trading, the rise is at least partly driven by the bigger profits being earned through illegal schemes.

    Financial Services

    UK accounting watchdog fines Mazars

    Sep 02 2014 14:00

    Britain's accounting watchdog has fined audit and advisory firm Mazars for failing in 2007 to meet regulatory standards while advising a pension fund.


    Travel & Leisure

    R3bn upgrade for CT airport in pipeline

    Sep 02 2014 12:42

    The Airports Company of SA has spent R323m on runway rehabilitation by end-August and plans to spend over R3bn on a new runway at the Cape Town International Airport.


    Vote to scrap Aus super profits tax

    Sep 02 2014 13:06

    Australia's upper house Senate has voted to repeal a tax on mining industry super profits, a major victory for conservative Prime Minister Tony Abbott.

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    Small Business

    “Hippie sense makes business sense,” an entrepreneur said, adding that "purpose" was core to success.

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