Economic and finance news related to South African and global companies | Fin24
 
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Property

Aveng takes Leonardo dispute to adjudicator

Feb 27 2020 17:22

Construction firm Aveng has taken its dispute with the developers of The Leonardo - the tallest building in Africa - to the adjudicator, but says whatever the outcome, it will not return to the project.

ICT

Labour Court to rule on Telkom job cuts in March

Feb 26 2020 19:01

South Africa’s Labour Court is expected to deliver a ruling on Telkom's plan to cut as much as 20% of its workforce on March 4, as the company seeks to reduce costs to cope with a weaker local economy.

Industrial

No legal basis to declare Myeni delinquent - lawyer

Feb 27 2020 17:20

There is no legal basis to declare Dudu Myeni a delinquent director – rather, she is being victimised, the former South African Airways chairperson's lawyer said on Wednesday.

Industrial

R1.5bn Emirates deal was unlawful, Myeni tells court

Feb 25 2020 21:45

'We were eating out of our market share through giving more to Emirates, that is the unlawfulness,' Myeni told the court, in response to questioning on her alleged interference in the signing of a R1.5bn code-sharing deal between SAA and Emirates.

Industrial

PRASA administrator was appointed by the book, says Mbalula

Feb 25 2020 21:03

Minister of Transport Fikile Mbalula told Parliament's Portfolio Committee on Transport that the appointment of an administrator at the Passenger Rail Agency South Africa was compliant with legislation regulating the management of state-owned entities.

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Retail

Coronavirus impact could mean R100m loss in turnover for Shoprite group - CEO

Feb 25 2020 20:27

The Shoprite Group estimates the impact of the Coronavirus on its business could mean a loss of R100 million in turnover, CEO Pieter Engelbrecht told Fin24.

Companies

MultiChoice threatened to pull e.tv off DStv over digital migration, Zondo inquiry told

Feb 25 2020 19:51

In a 'heated exchange', former minister of communications, telecommunications and postal services Yunus Carrim told the inquiry he swore at Naspers chair Koos Bekker as he was 'fed up'.

Company Snapshot

#BUDGET2020

Cuts to the public sector wage bill took centre stage at this year's Budget
 

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