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Industrial

BAT Zim unit stuck with $7m in foreign shareholder dividends

Jul 26 2017 14:36

The Zimbabwean unit of British American Tobacco says interim cash and cash equivalents have risen by $7m as it is unable to pay foreign shareholders owing to foreign currency shortages.

Industrial

Software AG to probe Gupta-linked allegations

Jul 25 2017 15:41

German software company Software AG has told Fin24 it will investigate allegations that its SA office had a kickback agreement with a Gupta-owned company.

Industrial

SAA misled Parliament about liquidity problems - DA

Jul 25 2017 14:34

It seems SAA did not play open cards with Parliament about the full extent of its financial crisis, judging from a reply to a parliamentary question by Finance Minister Malusi Gigaba.

Industrial

Gigaba: SAA asked for R10bn in bailout plan

Jul 25 2017 17:14

South African Airways has asked the government for R10bn as part of a recapitalisation plan, according to Finance Minister Malusi Gigaba.

Industrial

Sasol profit plummets 21%

Jul 25 2017 11:10

Sasol says its full-year profit has fallen as much as 21% as the economy struggles through a recession and a stronger rand.

Industrial

Group Five settles on new board after spat - report

Jul 24 2017 16:47

Shareholders have reached a compromise on Group Five's new board, selected at an extraordinary general meeting.

Travel & Leisure

Air France unveils Joon - the 'millenials' airline

Jul 23 2017 19:00

Air France has unveiled a new lower-cost subsidiary called Joon that will specifically target well-travelled millenials.

Industrial

Alitalia receives non-binding offers - reports

Jul 23 2017 18:00

Italy's Alitalia has received around 10 non-binding offers for total or partial take-over, including from UAE carrier Etihad Airways and budget airline Ryanair.

Industrial

SAA rush to appoint new top job questioned

Jul 23 2017 13:50

The DA is somewhat taken aback by an advert by SAA, which requests applicants for the position of chief commercial officer.

Industrial

Gigaba could target R14bn Telkom stake for massive SAA bailout

Jul 21 2017 11:09

Finance Minister Malusi Gigaba has revealed the need to sell state assets in a bid to inject nearly R16bn into SAA so it can repay loans.

Industrial

Volvo earnings rise 39% on Europe truck gain

Jul 19 2017 09:30

Volvo’s second-quarter operating profit has risen 39%, buoyed by resilient European demand for trucks and a production cut in the US.

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Industrial

Why SA must secure oil refining capacity - and how it must be done

Jul 19 2017 08:00

If South Africa were to build a new oil refinery it needs to be in the right location and able to produce clean fuels according to the latest specifications, says an oil and gas analyst.

Industrial

World’s largest independent oil trader ditches Gupta deal

Jul 18 2017 06:28

Vitol Group, the world’s largest independent oil trader, has dropped a deal to buy a stake in the Richards Bay Coal Terminal from Gupta-controlled Tegeta.

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