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Industrial

SAA completes 90-day action plan

Mar 27 2015 17:38

South African Airways has completed the 90-day action plan on which it has focused the past few months.

Industrial

PPC terminates merger talks with Afrisam

Mar 27 2015 15:08

SA's biggest cement maker PPC has ended merger talks with unlisted rival Afrisam, the firm says, sending its shares nearly 5% higher.

Industrial

Shell to cut more UK North Sea jobs in 2015

Mar 27 2015 20:15

Royal Dutch Shell is planning more job cuts in its UK North Sea oil and gas business, a week after a package of tax cuts to encourage growth in the industry.

Industrial

Shell completes $1.7bn Nigerian asset sale

Mar 26 2015 11:21

Shell has completed the sale of its 30% stake in the Nigerian oil block 29 and the Nembe Creek trunk line to Aiteo Eastern Exploration and Production for $1.7bn.

Industrial

Porsche workers score big in profit share

Mar 25 2015 19:47

Workers at the German carmaker Porsche are to receive a special one-off payment of €8 600 euros for 2014, the company says.

Industrial

Volkswagen to cut jobs in Russia

Mar 24 2015 14:30

Volkswagen has announced cuts to the workforce and working hours at its plant in Russia because of weak demand.

Industrial

ChemChina to buy into Pirelli in $7.7bn deal

Mar 23 2015 19:45

China National Chemical Corporation is to buy Pirelli, the world's fifth-largest tyre maker, in a €7.1bn deal that will put the 143-year-old Italian company in Chinese hands.

Industrial

Lafarge, Holcim repair cracks in deal

Mar 23 2015 13:45

Lafarge and Holcim says that they have repaired cracks that had threatened to cause the collapse of their merger to create the world's biggest cement company.

Industrial

Sasol cuts more than 1000 jobs to survive lower oil prices

Mar 22 2015 20:00

Sasol’s survivalist programme, sparked by 'lower for longer' oil prices, has seen it cut more than a thousand jobs and delay a megaproject.

Industrial

Stressed oil firms turn to junk bonds, bankruptcy

Mar 22 2015 11:00

The oil price crash is taking a financial toll on companies throughout the industry, forcing some into bankruptcy and others to issue expensive junk bonds to stay afloat.

Inside Fin24.com

 
Industrial

Eskom appoints new SA contractor for Kusile

Mar 20 2015 15:32

Eskom says it has appointed a new SA contractor to replace Alstom to execute the control and instrumentation works for the Kusile power station.

Industrial

Eskom, Alstom part ways on Kusile

Mar 20 2015 14:10

Eskom’s aim to bring online its fleet of coal power stations has been dealt a further blow by the termination of its supplier's contract for Kusile power station.

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SMALL BUSINESS

Johannesburg has been selected to host the Global Entrepreneurship Congress in 2017. "[The congress] will ensure that small business development remains firmly on the national agenda and the radar screen of all stakeholders, the Small Business Development minister said.
 

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