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Financial Services

Alexander Forbes surges to R10.5trn valuation

Jul 24 2014 20:15

Shares in Alexander Forbes surged 12% on their return to the JSE, valuing the company at almost $10,5trn as it dazzled investors with the prospect of steady earnings and growth.

Financial Services

Zuma: Brics bank will boost SA

Jul 24 2014 20:02

The establishment of the Brics bloc's New Development Bank is a forward step for South Africa and the continent, says President Jacob Zuma.

Travel & Leisure

Impact of CT Fashion Week wider than catwalk

Jul 24 2014 19:04

The economic impact of Cape Town Fashion Week goes beyond the catwalk, SA Tourism CEO Thulani Nzima tells Fin24..

Retail

SA could have plain cigarette packaging soon

Jul 24 2014 19:16

South Africa aims to force cigarette companies to sell products in plain packets by next year, says Health Minister Aaron Motsoaledi.

Financial Services

France defends UBS guarantee demand

Jul 24 2014 17:51

A billion euro guarantee payment demanded by French judges of Swiss bank UBS reflects the size of the fine it could pay if found guilty.

News

Gallo keen to buy Sapa

Jul 24 2014 17:31

Gallo Images (50% owned by Media24) is looking into possibly purchasing Sapa, after the majority of SA's media companies end 75-year membership.

Property

Porsche SA MD buys Kyalami for R205m

Jul 24 2014 15:19

Porsche South Africa MD Toby Venter, who is an avid racing driver, has clinched the Kyalami racetrack at an auction lasting around one minute and 50 seconds.

Financial Services

No CEO succession plans - StanChart

Jul 24 2014 14:30

Standard Chartered has rejected reports it had stepped up succession plans for its chair and chief executive, who are under growing pressure from shareholders.

Travel & Leisure

Iberia to cut 1 400 jobs

Jul 24 2014 13:45

Spanish airline Iberia has reached an agreement with unions to cut 1 400 jobs, a reduction from a planned 1 600-job cuts, the company says.

Retail

China probes firms as food scare spreads

Jul 24 2014 13:34

China's food regulator has visited close to 600 restaurants, businesses and food distributors over a food scare that has dragged in a number of global brands.

Retail

Trade at V&A Waterfront remains buoyant

Jul 24 2014 12:42

Trade at the V&A Waterfront continues to remain buoyant as second quarter retail trade results again reflect double digit growth despite stormy economic times.

Inside Fin24.com

 
Agribusiness

Sugar imports not so sweet for Sadc producers

Jul 24 2014 12:28

Southern African sugar producers are in a pickle over imports flooding local markets and stretching demand, despite efforts to discourage dumping.

Financial Services

UBS charged with tax fraud in France.

Jul 24 2014 11:32

Swiss bank UBS has been charged with tax fraud in Paris for allegedly helping rich French clients to hide money in Switzerland.

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