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GM truck and SUV build boosts profit

Apr 28 2017 17:15

General Motors have started the year on pace for another record annual profit, fuelled by cost cuts, new models and ample inventory after plants cranked up production before being retooled this year.

Financial Services

Greenpeace disrupts Credit Suisse meet over pipeline financing

Apr 28 2017 17:00

Greenpeace activists disrupted a Credit Suisse shareholder meeting to protest the bank's alleged financing of the controversial Dakota Access pipeline in the US.


ExxonMobil profits more than double on higher oil prices

Apr 28 2017 17:00

ExxonMobil has reported that first-quarter earnings more than doubled as increased oil prices translated into higher profits after a lengthy slump.

Travel & Leisure

Air Berlin reports heavy losses as restructuring begins

Apr 28 2017 16:05

Struggling German airline Air Berlin has reported a fresh loss for the financial year 2016, as it takes the first steps in a far-reaching restructuring launched last year.


New coal plants face environmental challenge

Apr 28 2017 10:25

A civil rights group body is considering legal action against government and power station developers if proposed coal plants proceed without environmental impact assessments.


Bayer lifts forecast after healthy profit leap

Apr 27 2017 14:48

German chemicals and pharmaceuticals giant Bayer has upped its forecast for 2017, after netting a big boost to profits on the back of higher sales in the first quarter.

Financial Services

Capitec CEO earned R13m in 2016 - report

Apr 27 2017 09:45

Capitec CEO Gerrie Fourie earned over R13m for the financial year, trailing behind counterparts like Maria Ramos of Absa at R29.5m and Mike Brown of Nedbank's R22.2m.


Volvo earnings surge as demand for construction equipment rises

Apr 26 2017 18:18

Volvo first-quarter earnings have surged 58% after the truck maker reduced spending and sold more construction equipment.



Mall of Africa celebrates 1st birthday

Apr 26 2017 17:41

Attacq regards the Mall of Africa as one of its most valuable assets in the Attacq property portfolio, says Morné Wilken, CEO of Attacq.

Travel & Leisure

Travel and tourism can make world more sustainable

Apr 26 2017 16:24

The travel and tourism sector should lead the world in the eradication of poverty, cleaning up the oceans and protecting habitats, says the CEO of the WTTC.

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So, the worst has finally happened. S&P and Fitch officially downgraded SA to junk status following the ill-timed Cabinet reshuffle.

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