Gold Fields to cut 1 100 jobs in South Deep restructure

Aug 14 2018 09:22

Gold Fields says it may cut more than 1 100 workers at its loss-making South Deep operation and will refocus the mine plan after repeated turnaround efforts failed.


Esor Construction files for business rescue

Aug 13 2018 22:29

Esor Construction, a subsidiary of Esor, has applied for business rescue, citing financial distress amid challenges to the construction sector.


Tekkie Town founders announce new chain store Mr. Tekkie

Aug 13 2018 21:21

Amid a court challenge over Steinhoff's acquisition of Tekkie Town, Tekkie Town's founders have announced the launch of a new retail chain supplier of branded sports apparel and footwear.


Netflix's CFO to step down after helping to lead expansion

Aug 13 2018 20:00

Netflix Chief Financial Officer David Wells will step down after eight years on the job, during which the streaming service grew into an entertainment giant.


Saudi fund in talks to invest in Tesla buyout deal

52 minutes ago

Saudi Arabia’s sovereign wealth fund is in talks that could see it becoming a significant investor in Tesla as part of Elon Musk’s plan to take the electric car maker private.


China orders Tencent to kill game just days after its debut

Aug 13 2018 11:08

Tencent has taken another hit to its gaming business, after regulators told the social media giant to remove Monster Hunter: World from its PC downloads service.


Bayer shares plunge after Monsanto cancer ruling

Aug 13 2018 10:30

Shares in German chemicals and pharmaceuticals giant Bayer have tumbled more than 10% as markets opened, as investors reacted to a shock US ruling against freshly-acquired Monsanto.


Engineering body CEO commits to diversity training over 'antagonistic' column

Aug 13 2018 10:16

Manglin Pillay, the head of the SA Institution of Civil Engineering, has issued a brief public apology for his column questioning the place of women in engineering, and committed to undergo diversity training.


Microsoft CEO sells $36m in stock, starts trading plan

Aug 13 2018 21:30

Microsoft chief executive officer Satya Nadella has sold 328 000 shares, valued at $35.9m, for financial planning reasons - and is beginning a regularly scheduled trading plan.


Fedusa hopeful as Gautrain talks go into Sunday afternoon

Aug 12 2018 17:28

The Federation of Unions of South Africa said the United National Transport Union revised its demands downward ahead of talks with Gautrain management company on Sunday.

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Financial Services

DA calls political VBS rescue plans "an attempt to keep looting"

Aug 12 2018 12:56

Sources close to the City Press said an ANC top six meeting discussed potentially converting VBS Mutual Bank into a provincial government bank as a way of saving it.


Tesla: Musk's tweet a bridge too far?

Aug 12 2018 12:02

Tesla chief executive Elon Musk got into legal hot water this week after announcing on Twitter he had sufficient financing already in hand to take the electric automaker private.

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Five of SA's top financial brains, including SARB governor Lesetja Kganyago share their best savings habits.

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