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Industrial

Moody's downgrades ratings for Petrobas

Feb 26 2015 14:30

International ratings agency Moody's says it has downgraded all ratings for scandal-plagued Brazilian oil giant Petrobras.

Industrial

Former Petrobras executive charged with taking bribes

Feb 25 2015 11:30

Prosecutors have accused a former senior Petrobras executive of racketeering, bribery and money laundering through Switzerland and Uruguay.

Industrial

Investors cheer Mondi's 10% profit jump

Feb 24 2015 11:33

Paper maker Mondi has reported a 10% rise in full-year underlying profit on rising packaging paper sales and lower costs, sending its shares to a record high.

Industrial

Honda CEO to step down, replaced by engineer

Feb 23 2015 16:00

Honda has named an experienced, yet little known, engineer as its new chief executive, with the Japanese automaker battling the fallout from a slew of recalls.

Industrial

Power cuts to shave 10% off Hulamin's profit

Feb 23 2015 14:18

Aluminium products maker Hulamin has swung to a full-year profit, but warns it could lose 10% of its profit if power cuts by Eskom to its operations continue.

Industrial

Areva nuclear group estimates €4.9bn losses

Feb 23 2015 13:30

France's nuclear group Areva says its provisional net losses in 2014 widened to €4.9bn after it was forced to absorb costs linked to project delays.

Industrial

Dispute costs Honda 25 000 vehicles

Feb 22 2015 13:23

Honda Motor says shipping delays will cost the company about 25 000 vehicles this month as a result of a labour dispute at US West Coast.

Industrial

Exxaro to fall into loss for 2014 financial year

Feb 20 2015 20:00

SA mining house Exxaro says it will fall to a loss for the 2014 financial year mainly due to a R5.8bn impairment on its iron ore project in the Congo Republic.

Industrial

SAA CEO to face disciplinary inquiry

Feb 20 2015 17:39

The board of SAA has resolved to convene a formal disciplinary enquiry to consider complaints against its CEO Monwabisi Kalawe, says spokesperson Tlali Tlali.

Industrial

SABMiller finance head resigns

Feb 19 2015 12:10

In a surprise announcement, SABMiller Plc said its chief financial officer Jamie Wilson has stepped down after a decade with the world’s second-largest brewer.

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Economy

Majuba repairs reduce need for load shedding

Feb 19 2015 10:10

Emergency repairs to Majuba power station have added around 1 800 MW to the grid, reducing the need for controlled power outages, says Eskom.

Industrial

Sasol tweaks dividend policy as oil prices drop

Feb 18 2015 12:40

Petrochemicals group Sasol has changed its dividend policy as part of a cash saving programme in response to lower oil prices.

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