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Industrial

ArcelorMittal drops 'quota system' for new jobs

Aug 28 2016 10:00

ArcelorMittal has withdrawn a policy giving 100% preference to certain designated groups when making external appointments, says Solidarity.

Retail

The colonel's secret recipe revealed? Not so fast, says KFC

Aug 26 2016 20:41

KFC says the recipe behind its famous chicken remains confidential, despite a report claiming to expose one of the most legendary secrets in the history of fast food.

Retail

Whistleblowers raise more alarms at Lewis

Aug 26 2016 20:21

The plot thickens in a high court case by Lewis directors, defending charges of being delinquent in the way customer accounts are handled.

Industrial

SAA rejects allegations of business rescue, liquidation

Aug 26 2016 18:29

SAA is not in a state where business rescue is needed and there is no rift between chair Dudu Myeni and Finance Minister Pravin Gordhan, says the airline.

Health

Ascendis Health concludes R7.3bn acquisitions

Aug 26 2016 14:46

Health and care brands company Ascendis Health has completed all conditions pertaining to the R7.3bn acquisitions of two European companies.

Retail

Basic grocery basket up R100 since Feb - Massmart

Aug 26 2016 12:29

A food basket containing items such as pilchards, maize and soap now costs R100 more than it did in February, up to R874 from R774, says Massmart Holdings.

Industrial

Ab InBev plans to cut 5500 jobs after SABMiller takeover

Aug 26 2016 11:37

AB InBev is expecting to cut about 3% of its enlarged workforce in the three years after its takeover of SABMiller as it seeks to maximise savings from the merger.

Industrial

VW dealer accord said to add $1.2bn to scandal costs

Aug 26 2016 11:00

Volkswagen will pay about $1.2bn to reimburse US dealers for losses caused by the emissions-cheating scheme, says a person familiar with the matter.

Mining

Release coal docs at your own peril, Guptas warn Treasury

Aug 25 2016 14:43

Four days before the Guptas’ business chiefs ambushed Finance Minister Pravin Gordhan on radio, their company Tegeta threatened Treasury over a coal report.

Agribusiness

Stormy outlook hits French wine output

Aug 25 2016 13:30

Fierce storms which hit France in April will help to push wine production down almost 10% this year on 2015 output, says the ministry of agriculture.

Inside Fin24.com

 
Mining

South32 to pay first dividend

Aug 25 2016 12:12

South32 says it’s monitoring two potential investment opportunities after reporting full-year earnings that beat analysts’ estimates.

Mining

Sibanye profit soars on higher gold price

Aug 25 2016 10:42

Sibanye Gold's earnings have climbed more than sixfold and the miner has raised its dividend as a rising bullion price and a weak rand boosted profit margins.

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