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Travel & Leisure

Airbnb deal with Cape Town a first in Africa

Oct 19 2017 13:28

Airbnb and the City of Cape Town has signed the hospitality platform’s first collaboration agreement with a city in Africa.

Mining

AngloGold Ashanti sells some SA mines to cut losses

Oct 19 2017 12:17

AngloGold Ashanti has agreed to sell mines in South Africa to reduce exposure to high-cost assets and free up cash for more profitable international operations.

Retail

Lewis buys cash furniture retailer for R320m

Oct 19 2017 11:05

Lewis Stores has acquired the entire share capital and all shareholders’ claims against United Furniture Outlets for R320m in cash plus any applicable interest.

Mining

Oil and gas sector needs its own legislation - Zwane

Oct 19 2017 10:53

Mineral Resources Minister Mosebenzi Zwane has confirmed that SA's oil and gas industry will in future be governed by its own legislation, separate from mining laws and regulations.

Industrial

It's official: Myeni out in SAA board reshuffle

Oct 19 2017 09:15

Finance Minister Malusi Gigaba officially announced that Cabinet has approved the appointment of six new board members for SAA, including a new chairperson to replace embattled Dudu Myeni.

Financial Services

FBI probes US links to Guptas, UK urged to probe banks - reports

Oct 19 2017 07:35

The FBI has opened an investigation into US links to the Guptas, while the UK has asked financial enforcement agencies to probe possible ties between banks and the Guptas, the Financial Times has reported.

Industrial

New SAA board now has an aviation expert

Oct 19 2017 06:00

South African Airways has a newly constituted board and chair following the removal of the controversial Dudu Myeni.

Mining

Zwane: Why this obsession with one family?

Oct 18 2017 15:32

Mineral Resources Minister Mosebenzi Zwane has vehemently denied benefiting from his relationship with the Gupta family, or trying to further their business interests.

Mining

SA-linked miner drops Marc Faber after racist rant

Oct 18 2017 14:42

The Canadian-headquartered mining company developing a platinum mine in South Africa has forced one of its directors to resign over racist and pro-slavery comments.

Inside Fin24.com

 
Agribusiness

First floating wind farm starts operation in Scotland

Oct 18 2017 14:45

The world's first floating wind farm has started operations off the coast of Scotland, opening up the possibility of turbines at sea depths that would avoid spoiling views from the shore.

Mining

Rio faces fraud charges on $3.7bn Mozambique coal deal

Oct 18 2017 13:33

US authorities have filed fraud charges against the mining group, its former CEO Tom Albanese and ex-CFO Guy Elliott, claiming they inflated the value of their Mozambican coal assets acquired in 2011.

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