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Retail

Steinhoff likely to list in Frankfurt in June

Mar 04 2015 15:03

Furniture group Steinhoff says it is likely to move its primary listing to Frankfurt after the floatation was delayed due to a $5.7bn deal to buy clothes retailer Pepkor.

Financial Services

Royal Bank of Scotland to cut 14 000 jobs

Mar 04 2015 14:25

Britain's state-rescued Royal Bank of Scotland will axe up to 14 000 jobs by 2019 in a retreat from investment banking, the Financial Times reports.

Industrial

Orascom Construction offers shares in $185m IPO

Mar 04 2015 12:09

Orascom Construction plans to offer 11% of its shares on the Cairo bourse to raise $185m, with the business seeking a dual listing on the Egyptian stock market.

Retail

Foschini planning huge Africa expansion

Mar 04 2015 09:46

Fashion retailer The Foschini Group aims to almost triple the number of its stores across the rest of Africa over the next five years, says its chief executive.

Advertising

Bad name, high esteem?

Mar 04 2015 07:28

Long-established brands can develop a false sense of comfort, says Solly Moeng.

Financial Services

Shuttleworth charge was not a tax, court hears

Mar 04 2015 06:14

The exchange control charge imposed on Mark Shuttleworth formed part of a regulatory environment and was not a tax, the Constitutional Court has heard.

Mining

Gold Fields to spend up to $500m on mines

Mar 04 2015 06:00

Bullion producer Gold Fields can afford to spend $300 to $500m on an acquisition but is only interested in working mines, says chief executive Nick Holland.

Mining

Aurora dismissal a 'victory' - union

Mar 04 2015 05:00

The dismissal of Khulubuse Zuma's application to have claims of R1.5bn against Aurora Empowerment Systems set aside is a victory for workers, trade union Solidarity says.

Mining

Khulubuse Zuma loses Aurora court bid

Mar 03 2015 15:40

An urgent application by Khulubuse Zuma to have claims of over R1.5bn against Aurora Empowerment Systems set aside, has been dismissed by the high court.

Financial Services

Barclays Africa earnings up 10%

Mar 03 2015 14:25

Barclays Africa has reported higher profits as it applied for a Nigerian banking licence and wants to take over the Egypt and Zimbabwe units still ran by its parent company.

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Financial Services

BoE fired FX chief for series of misjudgements

Mar 03 2015 14:30

The Bank of England has dismissed its former chief foreign exchange dealer because of a series of inappropriate actions says BoE governor.

Agribusiness

BAT offers to buy out Souza Cruz stake

Mar 03 2015 15:00

British American Tobacco says it is seeking to buy the 24.7% it did not already own in Brazil's Souza Cruz and to delist the company.

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