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Ailing Lonmin brings down operational costs

Aug 27 2015 12:58

Battling from an ever decreasing share price, Lonmin says it has managed to stem the cost of mining the platinum group of metals.

Financial Services

African Bank gets nod to set up Good Bank

Aug 27 2015 12:26

African Bank has received approval to set up a new “Good Bank” with its remaining assets, after it was placed under curatorship in 2014 following its collapse.

Travel & Leisure

China needs over 6 300 new planes by 2034 - Boeing

Aug 27 2015 18:23

China is expected to add more than 6 300 new aircraft to its commercial fleet by 2034, US manufacturer Boeing says.

Financial Services

Zim's SA-owned banks profitable despite bleak economy

Aug 27 2015 11:54

Standard Bank unit Stanbic Bank and Old Mutual-owned CABS have continued to report profits, despite Zimbabwe's highly challenging operating environment.


Investors cheer Massmart trade update

Aug 27 2015 10:55

Retailer Massmart has outperformed its peers after reporting total sales of R38.9bn for the 26 weeks to end-June, a 9.1% rise over the prior comparable period.


Woolworths beats load shedding with strong results

Aug 27 2015 10:39

Buoyed by its Australian acquisitions and increased market share, Woolworths' full-year profit has increased by 24.3%, despite being hampered by load shedding.

Financial Services

UK banker bonuses fall to £13 000 on average

Aug 26 2015 18:16

Bonuses paid to bankers and financial industry staff in Britain have fallen last year to £13 100 on average, down £800 from the previous year.

Financial Services

Santam unlocks R1.1bn in BEE scheme

Aug 26 2015 16:58

Santam, SA’s largest short-term insurer, says it has unlocked a combined value of R1.1bn for participants in its broad-based black economic empowerment scheme.

Financial Services

SA excels in index for financial services, mobile capacity

Aug 26 2015 09:15

South Africa has been ranked second in an index for its excellent access to and usage of affordable financial services.



Hunger hits 1.5 million in Zim as maize production halves

Aug 26 2015 08:26

Around 1.5 million Zimbabweans are predicted to go hungry this year after a dramatic fall in maize production, says the World Food Programme.

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Myths that funding and red tape are the two biggest challenges faced by emerging companies and entrepreneurs, have been debunked by a report.

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