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SABMiller trillion rand deal now in disarray

Jul 28 2016 06:29

AB InBev’s R1.47trn takeover bid for SABMiller was thrown into disarray after the target company suspended integration of the two brewers following a rebellion from shareholders.


SABMiller said to order stop to AB InBev integration

Jul 27 2016 19:05

Public Investment Corporation is in talks with SABMiller over an improved offer from Anheuser-Busch Inbev, the state pension fund has said.


Mitsubishi posts $1.2bn loss on fuel rating scandal

Jul 27 2016 11:00

Mitsubishi has reported a loss of ¥129.7bn for the quarter ending in June after a fuel economy ratings scandal prompted the automaker to halt minicar sales.


Hyundai heavy posts biggest profit in 3 years

Jul 27 2016 10:30

Hyundai has reported its biggest quarterly profit in three years as the shipbuilder cut costs under its restructuring efforts.


Bring back purged SAA execs, Outa urges Gordhan

Jul 27 2016 09:14

Senior executives purged from SAA are the perfect candidates to breathe new life into the ailing national carrier, says civil action movement Outa.


BNP Paribas-backed first Hawaiian aims for $485m IPO

Jul 26 2016 15:20

First Hawaiian, the Honolulu-based bank owned by BNP Paribas SA, is aiming to raise as much as $485m in an initial public offering.


World Bank pulls funding for DRC hydropower project

Jul 26 2016 14:17

The World Bank says it has suspended funding for the long-delayed Inga-3 hydroelectric project in the DRC following disagreements over the "strategic direction" of the project.


SAA requires a whole new board - Gordhan

Jul 26 2016 12:00

Finance Minister Pravin Gordhan says South African Airways requires a whole new board and "we must do political homework to get credible people on board".


BP logs $1.4bn loss, draws line under oil disaster

Jul 26 2016 10:49

BP has faced another net loss in the second quarter but has now drawn a line under the 2010 Gulf of Mexico oil spill disaster.


AB InBev sweetens its offer for SABMiller to R1.48 trillion

Jul 26 2016 08:49

Anheuser-Busch InBev has raised its bid for SABMiller after the pound slumped following the UK’s vote to exit the European Union.



Momentous day for black-owned IPP gas company

Jul 25 2016 20:27

A 670 MW independent power producer open cycle gas turbine plant has started commercial operation, signalling a new era for a black-owned power producer.


Parliament's authority on SAA lifeline questioned

Jul 25 2016 13:42

The stalemate between Finance Minister Pravin Gordhan and SAA board chairperson Dudu Myeni is rapidly driving SAA to total collapse, the DA has charged.

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