Tongaat sells starch business for R5bn

Banele.ginindza|Published

Deal with Barloworld subsidiary KLL Group is part of an effort to reduce debt and cover on-going operations

Downgraded Land Bank names new chief executive

Banele.ginindza|Published

The land and Agricultural Development Bank of South Africa has appointed current Fresh Produce Market head Ayanda Kanana as its chief executive.

Banks called to account for low-value repossessions of property

Banele.ginindza|Published

Bond defaulters move to the next stage of a class action suit against banks for repossessions and sales of properties at a fraction of their value.

Spotlight on Land Bank as CEO resigns

Banele.ginindza|Published

The resignation of acting Land Bank chief executive, Konehali Gugushe, from the position has thrown a spotlight on the bank?s board.

Fortress Reit is meeting its distributable income targets for the year

Banele.ginindza|Published

Fortress Reit owns a retail portfolio of 61 commuter-oriented shopping centres and about 84% of its investment properties are concentrated in Gauteng.

Steinhoff companies turn the corner

Banele.ginindza|Published

Struggling global retailer Steinhoff? International said yesterday that it was on the recovery path.

Real Foods enters into joint Thai venture, Netherlands franchise

Banele.ginindza|Published

Real Foods Group, which houses the popular restaurant franchise Kauai, has entered into a joint venture for Thailand and a master franchise for Asia.

SAB close to acquiring Smirnoff drinks range

Banele.ginindza|Published

South African Breweries is a step closer to acquiring the Smirnoff ready-to-drink range of products.

Ford to create 1200 jobs as Silverton plant expands

Banele.ginindza|Published

Ford Motor Company of Southern Africa (FMCSA) has said it planned to create at least 1200 new jobs at its Silverton assembly plant in Pretoria.

‘Ignore scaremongering about Carbon Tax’s impact on jobs, economy’

Banele.ginindza|Published

National Treasury deputy director-general Ismail Momoniat said that SA needed to stick to its guns on the Carbon Tax, charging that the levy was low.

Phumelela Gaming and Leisure to retrench 500 workers

Banele.ginindza|Published

Phumelela Gaming and Leisure has confirmed that it is in the process of retrenching at least 500 workers.

Naspers changes complexion of M&A

Banele.ginindza|Published

Naspers' spin-off of its pay TV unit MultiChoice changed the complexion of mergers and acquisitions (M&A) in the first quarter of 2019.

EOH shares totter on corruption probe deadline announcement

Banele.ginindza|Published

Troubled EOH Holdings yesterday slid further to the brink, dipping below the R10 mark for the first time in nearly 10 years.

Transnet throws down the gauntlet

Banele.ginindza|Published

Execs have a limited window to declare their partaking confidentially to an appointed retired bishop, or face the music when they are discovered.

Starbucks SA's Taste Holdings overhauls as consumers curtail spending

Banele.ginindza|Published

Taste Holdings is to restructure within its core and by overhauling its investment strategy to secure long-term funding.

Tariff hike will prop up Eskom – Moody's VP

Banele.ginindza|Published

Eskom's tariff increase application before the Nersa, if approved, will free the power utility from the financial quicksand the power utility is in.

Gordhan cracks the whip at SAA as Mboweni says shut it for good

Banele.ginindza|Published

Newly appointed Minister of Finance Tito Mboweni said at an investment conference in New York on Saturday that SAA should be closed down

AYO set to join big players in line to bid for share of 4G spectrum

Banele.ginindza|Published

AYO is set to join the big wireless operators in bidding for a share of the licensing of spectrum in the 700MHz, 800MHz and 2. 6GHz bands.

‘Afreximbank investment to spur industrialisation’

Banele.ginindza|Published

PIC adds another feather to its continental cap with a massive $100 million equity investment to African Export-Import Bank (Afreximbank).

OPINION: It's now Woolies' time to turn the corner

Banele.ginindza|Published

Woolworths share price has had a spectacular period of growth and reached R100 just 3 years. Now it is back to square one, writes Amelia Morgenrood.