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VW brand faces full-year loss on scandal costs

Oct 09 2015 16:18

Volkswagen will likely plunge into a loss this year as it is set to shoulder the bulk of the costs from the fallout of the rigging of emissions tests.


SABMiller doubles cost savings target as AB InBev circles

Oct 09 2015 12:57

SABMiller has doubled a pledge to cut costs as it seeks to rally shareholders around its rebuttal of AB InBev, the larger rival seeking to buy the brewer for a record £65.2bn.


SABMiller braces for a culture of no beer, no lunch, no fun

Oct 09 2015 11:08

The proposed takeover of SABMiller by Anheuser-Busch InBev is expected to rock up a dramatic clash of corporate cultures between the two giant breweries.


SABMiller cuts output, fires workers in South Sudan

Oct 09 2015 09:50

SABMiller has cut production and fired workers at its South Sudan unit as lack of foreign currency and the cost of beer holds back investment and stifles demand.


Individuals engineered emissions cheating: CEO

Oct 08 2015 21:00

The American chief executive says Volkswagen's cheating on emissions in diesel cars was not a corporate decision, but something that "individuals did."


Mondi CEO shrugs off economic weakness

Oct 08 2015 19:00

Mondi expects stable or higher prices for its packaging and paper goods even as global economic growth slows.


SABMiller’s bid rejection lacks credibility - AB InBev

Oct 08 2015 13:31

AB InBev has sought to rally SABMiller shareholders behind its £65.2bn takeover proposal, saying the price is higher than the brewer is likely to achieve on its own.


VW’s cheating gains will be a factor in penalties

Oct 08 2015 10:48

Just how much money Volkswagen has made by cheating on US emissions tests will help determine the penalties it pays, according to the Environmental Protection Agency.


Billionaire beer barons key to SABMiller deal

Oct 08 2015 09:01

Once again, Colombia’s richest family is standing between South America’s biggest billionaire and his plans for expanding his brewing empire.


GE launches energy efficiency subsidiary

Oct 07 2015 20:30

General Electric has reshuffled several energy management and research operations into a new subsidiary called "Current" aimed at new energy technologies.



Why SABMiller is not falling for takeover bid

Oct 07 2015 15:09

AB InBev's bid substantially undervalues SABMiller, its unique and unmatched footprint, and its standalone prospects, the board of SABMiller has announced.


SABMiller's JSE listing safe

Oct 07 2015 13:03

AB InBev’s R1.34trn offer for SABMiller addresses concerns raised about staying on the JSE, says the Public Investment Corporation, SABMiller's fourth largest shareholder.

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With infrastructure spending having been identified as one of the key focus areas of the National Development Plan, tradesmen will continue to play a critical role in growing the South African economy through their skills.

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