Category Archives: Buisness
AngloGold maintains annual forecast

Shopprice Australia Johannesburg – AngloGold Ashanti, the world’s third-largest gold miner, maintained its full-year output and cost forecasts even as production and earnings dropped in the first quarter. Production dropped 11 percent to 861 000 ounces in the three months to March 31, partly mitigated by a 6.5 percent decline in all-in sustaining costs to
SA extends regulatory scrutiny of beer deal

Shopprice Australia Johannesburg – South Africa’s competition watchdog was on Thursday granted an extra five days to study Anheuser-Busch InBev’s planned $106 billion takeover of SABMiller – a fifth extension that could delay the consumer industry’s biggest ever deal. “There are several outstanding issues that should be considered. The merging parties are aware of these
Worker-led revolution a new battle for the ANC

Shopprice Australia Johannesburg – The ruling ANC, politically dominant for two decades, faces multiple and growing challenges to its power this year – just when it has been weakened by its president’s numerous scandals. In this latest threat, senior unionists aligned to a new labour federation have warned of a worker-led revolution that will sweep away
Imperial plots its growth trajectory

Shopprice Australia Johannesburg – Imperial Holdings is planning an international expansion of its logistics business, which ranges from inventory-taking drones to pharmaceutical delivery, as South Africa’s sixth-largest company seeks to capitalise on growth opportunities and offset the impact of a weak rand. The company’s logistics division would be the main growth driver of the business,
SA’s leaders ‘need to be more accountable’

Shopprice South Africe Johannesburg – South Africa’s political leadership needs to be more accountable and inspire confidence among business leaders to boost investment and economic growth, according to the chief executive officer of Imperial Holdings, the country’s sixth-largest company by revenue. The ruling African National Congress’s response to a court judgment that President Jacob Zuma
Why newspapers are feasting on each other

Shopprice Australia New York – Newspapers have settled on a strategy to stop withering away: feast on each other for survival. For the owners of big-city dailies like the Chicago Tribune and Denver Post, buying smaller publications and slashing costs has become a way to buy time while figuring out how to make more money
Zebediela Citrus seeks to overturn export ban

Shopprice Australia Polokwane – Zebediela Citrus, a major South African producer of citrus fruit, seeks to overturn a suspension order by the Department of Agriculture, Forestry and Fisheries barring the company from exporting its produce in the aftermath of a fraudulent packaging scandal. The company, a premier supplier of citrus fruit to the European Union
Mind shift needed in SA about artisans

Shopprice Australia Johannesburg – There needs to be a mind shift in South Africa about artisans, both by educational institutions and the broader population, according to Sean Jones, CEO of the Artisan Training Institute (ATI). Currently the failure rate at universities is sitting around 50%, with many students not suitably prepared for tertiary education. The solution
SA may not be ready for ‘revolution’

Shopprice Australia Davos – Economic Development Minister Ebrahim Patel believes the World Economic Forum’s Fourth Industrial Revolution theme presents challenges and opportunities for the way in which South Africa approaches long-range economic planning. It will have to look at the use of technology and innovation to deal with inequality, poverty and joblessness, he says. While the