BUSINESS

BUSINESS

Siza back to head SA Express in a new direction

Siza back to head SA Express in a new direction

This was confirmed by the board at SA Express. Mzimela’s appointment although in the acting capacity, was supported by the minister of Public Enterprises Pravin Gordhan, whom many believe will bring in changes at the troubled SA Express. She has more than 20 years’ in the aviation industry. The ministry of public enterprises and the […]

SA brace yourself for more load shedding- Eskom

SA brace yourself for more load shedding- Eskom

This follows the industrial action by unions, but according to troubled utility supplier Eskom, will only be implemented if necessary. It said the electricity system remains constrained with a high probability of Stage 1 rotational load shedding that began on Tuesday evening from 17:00 to 21:00 as a result of the industrial action which continues […]

Fuel hike effects marginal or not will still be felt

Fuel hike effects marginal or not will still be felt

This follows another fuel hike. In the beginning of August 2018, price fuel will increase slightly. Marginal or not the effects it will be felt. The Department of Energy (DoE) announced on Monday that the price of both grades of petrol would increase by 1c a litre from Wednesday. Diesel will cost 4c a litre less. […]

Absa targets Africa following its new corporate identity

Absa targets Africa following its new corporate identity

Two weeks ago Old Mutual Plc independently registered on the JSE in an effort to capture the African market. Today, Absa unveiled its new corporate identity as part of its new purpose and strategic direction which commits to Africa as well. The launch took place at the Johannesburg Stock Exchange headquarters, Sandton. This means the […]

PIC to disinvest from Independent Media

PIC to disinvest from Independent Media

Following the closure of Afro Voice (then New Age) things could as well go bad for Afro World View– previously ANN7. Jimmy Manyi the owner of the media house, has staff and administrative to explain the decision to fold, that’s if he hasn’t already. Reports are that advertising had dried up due to the Gupta […]

Old Mutual returns to Africa and lists on JSE

Old Mutual returns to Africa and lists on JSE

The decision affords OML to debut as a stand-alone business on several stock exchanges in Africa. “The table is set for this historic event. We have a very compelling investment case that we’ve been sharing with potential and existing investors at our recent Investor Roadshow, and the excitement is really palpable. Old Mutual has been […]

DStv and others fined for partaking in a price fixing

DStv and others fined for partaking in a price fixing

This follows United Stations’ admission of participating in a cartel after being involved in price fixing and the fixing of trading conditions. The company entered into a settlement agreement with the Competition Commission after 28 media companies were referred to the Tribunal for prosecution. United Stations is the eighth company to conclude a settlement agreement […]

Samsung wins coolest brand

Samsung wins coolest brand

This was revealed by the Sunday Times Generation Next Survey 2018, conducted by HDI Youth Marketers. The Korean company also came second in the category for Coolest Brand Overall. Justin Hume -Chief Marketing Officer -Samsung South Africa, says: “It’s always an honour to be considered for awards of this kind. Samsung’s focus is on creating […]