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Industrial

10-year-old wire cartel case settled, millions in penalties

Sep 19 2019 14:53

After a full decade and several legal challenges – including in the Supreme Court of Appeal – the Competition Tribunal this week approved settlement agreements between the Competition Commission and two wire products manufacturers accused of cartel conduct.

Industrial

Taking away incentives will hit SA auto sector hard, industry body warns

Sep 18 2019 19:34

The National Association of Automobile Manufacturers of South Africa has raised concerns that reducing rebates on excise duties will negatively impact the competitiveness of the auto industry.

Industrial

AB InBev to seek up to $4.85bn in Asian unit IPO

Sep 17 2019 13:52

Anheuser-Busch InBev is reviving the Hong Kong initial public offering of its Asian unit and is set to raise as much as $4.8bn, roughly half of an earlier target.

Industrial

Boeing sees R43trn China splurge on jets and services

Sep 18 2019 09:21

China will need to spend $2.9trn on new aircraft and ground services over the next two decades, according to Boeing, which continues to pin hopes on the world’s second-largest economy as its trade dispute with the US rolls on.

Industrial

Rising prices from Saudi oil attack boost Sasol's market cap by R20bn

Sep 17 2019 10:58

After attacks on a key Saudi oil facility cut output for one the world's largest producers by half, a subsequent rise in the global oil price has buoyed Sasol shares.

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Industrial

VW in $9bn software revamp as tech shift expands

Sep 16 2019 22:00

Volkswagen is bundling its software operations with an investment plan of about $9bn over the next three to five years, another step in the electric and connected-car shift that’s heralding massive change across the entire industry.

Industrial

BP CEO says he’ll sell oil projects to meet climate targets

Sep 12 2019 18:24

BP’s CEO plans to sell some oil projects and curb the development of others to align its business with the Paris accord, the latest sign climate concerns are starting to impact the investment decisions of the world’s largest fossil fuel producers.

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