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Industrial

Ab InBev plans to cut 5500 jobs after SABMiller takeover

Aug 26 2016 11:37

AB InBev is expecting to cut about 3% of its enlarged workforce in the three years after its takeover of SABMiller as it seeks to maximise savings from the merger.

Industrial

VW dealer accord said to add $1.2bn to scandal costs

Aug 26 2016 11:00

Volkswagen will pay about $1.2bn to reimburse US dealers for losses caused by the emissions-cheating scheme, says a person familiar with the matter.

Industrial

SAA's Yakhe Kwinana can run, but she can't hide - Outa

Aug 25 2016 20:02

Outa plans to lodge a series of acts of misconduct against Yakhe Kwinana, who resigned from the SAA board, which they believe will prove her a delinquent director.

Industrial

WATCH: Under-fire Gordhan reveals SAA deadlock will soon end

Aug 25 2016 09:06

Finance Minister Pravin Gordhan says a “good announcement” about South African Airways can be expected “shortly”, as the Hawks warn of corruption charges against him.

Industrial

VW starts environmental-suit settlement talks

Aug 24 2016 13:45

Volkswagen will start negotiating with a group of US states to settle suits filed over claims the car maker violated their environmental laws.

Industrial

PetroChina ekes out profit amid oil crash

Aug 24 2016 13:14

PetroChina has posted its smallest half-year profit since it was publicly listed in 2000 as the crash in oil prices continues to drag on earnings.

Industrial

Denel's liquidity woes dampen positive financials

Aug 24 2016 06:12

State-owned enterprise Denel has posted positive results overall, but the defence technology company still needs to deal with liquidity hurdles.

Industrial

ArcelorMittal huge threat for SA steel sector - MP

Aug 24 2016 09:35

ArcelorMittal South Africa is the biggest stumbling block to a competitive steel price industry in South Africa, says DA MP Dean McPherson.

Industrial

SAA whistleblower heading to CCMA

Aug 23 2016 19:39

SAA representatives have agreed to refer a case against whistleblower Cynthia Stimpel to the CCMA, according to the Organisation Undoing Tax Abuse.

Industrial

ArcelorMittal in new steel pricing deal after R1.5bn fine

Aug 23 2016 20:36

ArcelorMittal, which was fined a record R1.5bn, has agreed to a new pricing model in South Africa aimed at bolstering the local steel sector and reviving the economy.

Inside Fin24.com

 
Industrial

Angola govt fails to approve $1.75bn Cobalt deal

Aug 23 2016 14:00

Cobalt International Energy says the proposed $1.75bn sale of a 40% stake in two offshore oil blocks in Angola to the state oil company has been terminated.

Industrial

AB InBev vote: SABMiller investors to be treated separately

Aug 23 2016 13:16

A high court has ruled that SABMiller’s two biggest investors should be treated separately to others when voting on Anheu ser-Busch InBev NV’s takeover offer.

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