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Investment Holdings

Brait shareholders accept resolutions at AGM

Jul 26 2017 15:06

Shareholders of Brait have been advised that all the ordinary and extraordinary resolutions tabled at its AGM have been approved.

Industrial

BAT Zim unit stuck with $7m in foreign shareholder dividends

Jul 26 2017 14:36

The Zimbabwean unit of British American Tobacco says interim cash and cash equivalents have risen by $7m as it is unable to pay foreign shareholders owing to foreign currency shortages.

Financial Services

Cooperative bank for healthcare sector launched

Jul 26 2017 11:35

The health economy received a boost with the launch of MediCoop CFI, a cooperative bank which is exclusive to the healthcare sector.

Retail

Hennessy sees Kenya as growth frontier as cognac sales start

Jul 26 2017 09:45

Hennessy, the world’s largest maker of cognac, has started distributing its products in Kenya to tap Africa’s second-largest luxury-goods market.

Mining

Iron Ore CEO who predicted crash, sees further slump

Jul 26 2017 08:00

Kumba Iron Ore's Themba Mkhwanazi correctly predicted in February that his company’s commodity would plunge by 40%. After a recent recovery, he has predicted it will fall again.

Health

REVEALED: The mental illnesses costing SA billions

Jul 26 2017 05:00

Discovery Health's mental health spend reached R2bn in 2016 with hospitalisation claims amounting to R32m more than predicted, says CEO Dr Jonathan Broomberg.

Mining

How to close a mine and save money

Jul 26 2017 09:29

South Africa's 6 000 abandoned mines are prime examples of how not to close a mine. But new legislation in the pipeline presents light at the end of the tunnel.

Mining

Chamber of Mines lodges interdict against Zwane about mining notice

Jul 25 2017 18:41

The Chamber of Mines has served an urgent application for the review and setting aside of a Government Gazette notice by Mineral Resources Minister Mosebenzi Zwane.

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Industrial

Gigaba: SAA asked for R10bn in bailout plan

Jul 25 2017 17:14

South African Airways has asked the government for R10bn as part of a recapitalisation plan, according to Finance Minister Malusi Gigaba.

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