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Retail

D&G get jail sentence for tax evasion

Jun 19 2013 20:57

Domenico Dolce and Stefano Gabbana have been handed a suspended prison sentence and a heavy fine for hiding hundreds of millions of euros from tax authorities.

    Financial Services

    UK backs jail time for reckless bankers

    Jun 19 2013 17:28

    Britain has supported a call for bankers who are reckless with customers' or taxpayers' money to face criminal charges and have bonuses and pensions clawed back.

    Mining

    CEO: Mines uncertainty spooking investors

    Jun 19 2013 16:02

    Exxaro boss Sipho Nkosi says international investors are wary about South Africa's mines and hesitant to do business in the country, according to a report.

    ICT

    New CEO begins Alcatel make-over

    Jun 19 2013 14:46

    Alcatel-Lucent plans to focus on networking products and high-speed broadband and will slim down with €1bn in cost cuts by 2015 in a bid to reverse losses.

    ICT

    Fitch assigns MTN Group 'BBB' rating

    Jun 19 2013 14:34

    Fitch Ratings has assigned MTN Group a Long-Term Foreign Currency Issuer Default Rating of 'BBB'‚ with a Stable Outlook.

    ICT

    Telkom suing former boss for R60m

    Jun 19 2013 13:53

    Telkom is suing a former senior executive who is now working at Blue Label for R60.3m, alleging acts of recklessness and breach of contract.

    Travel & Leisure

    Union seeks help on SAA cadet programme

    Jun 19 2013 13:52

    Solidarity has asked the SA Human Rights Commission to facilitate its meeting with SA Airways concerning the airline's cadet pilot programme, the union says.

    Financial Services

    Alexander Forbes profits rise 9%

    Jun 19 2013 12:19

    Alexander Forbes says that profit from continuing operations before non-trading items increased 9%‚ while pre-tax profit rose by 11% in the year to end March.

    Retail

    Famous brands sales up 16.8%

    Jun 19 2013 11:26

    Famous Brands had a 16.8% increase in sales for the quarter ended May 31, the company says.

    ICT

    Sekunjalo to make newspaper announcement

    Jun 19 2013 10:07

    "Many of our newspaper competitors have been trying to make a story here, I wouldn't expect anything less from them." - Iqbal Survé, chairperson of Sekunjalo.

    Industrial

    Numsa disputes auto retailers

    Jun 19 2013 09:59

    The National Union of Metal Workers of South Africa has declared a wage dispute with companies in the motor retail industry, a senior official says.

    Inside Fin24.com

     
    Industrial

    Eskom wins corporate governance award

    Jun 19 2013 08:35

    The audit firm Nkonki honoured state owned companies for achievements in integrated reporting - including financial performance and stakeholder relationships.

    Financial Services

    Sweden to sell 5.7% stake in Nordea

    Jun 18 2013 20:07

    Sweden's government says it will sell up to 5.7% of Nordea, the largest Nordic bank, reducing its holding to 7.8%.

    Company Snapshot

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