Africa Edition Headlines

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 2020-07-08 18:00 

Business Report (IOL)

UCT GSB Executive MBA ranked in global top 50 ranking for 2nd year in row...

The UCT GSB is the only business school in Africa to feature in the top 50 of the Quacquarelli Symonds ranking of Executive MBA programmes....

 2020-07-08 17:30 

Business Report (IOL)

Daimler to deepen cost cuts after expected quarterly loss...

Daimler will deepen cost cuts because of an expected second-quarter operating loss and despite some signs of a recovery in demand for luxury cars....

 2020-07-08 17:00 

Business Report (IOL)

Corporate Unkindness: Santam board unmoved on Covid-19 claims rejections at AGM...

Santam and other insurers are refusing to pay out under business interruption policies that include interruption as a result of an infectious or contagious notifiable disease....

 2020-07-08 16:18 

Business Report (IOL)

FSCA files urgent application to liquidate JP Markets SA, bank accounts frozen...

JP Markets has been operating in South Africa since 2016 under the approval from the Financial Services Board....

 2020-07-08 16:00 

Business Report (IOL)

Airbus workers stage protest over job cuts...

Airbus workers began a brief strike on Wednesday over plans to cut up to 15,000 jobs in response to the coronavirus crisis....

 2020-07-08 15:00 

Business Report (IOL)

Nokia shares fall on concerns over potential loss of Verizon business...

Shares in Nokia fell up to 8 percent in trade on concerns that the Finnish company was losing the business of its key client Verizon in the United States....

 2020-07-08 14:00 

Business Report (IOL)

Customers can now deposit cash at Pick n Pay till points...

Customers can now make cash deposits directly into their own bank account at any Pick n Pay till point, anywhere in South Africa....

 2020-07-08 13:00 

Business Report (IOL)

Nigerian Central Bank Weakens Naira as It Seeks Single Rate...

Nigeria's central bank devalued the naira by 5.5% against the dollar as authorities migrate toward a single exchange-rate system....

 2020-07-08 12:00 

Business Report (IOL)

MultiChoice to stream live sport through Showmax...

MultiChoice Group Ltd. started streaming live sport including English Premier League soccer through an upgraded version of its Showmax service....

 2020-07-08 11:00 

Business Report (IOL)

Digitisation's impact on our economy, society and humanity...

Change has become mandatory, as have digitisation and transformation. The new normal doesn't exist it is the normal for the world, right now....

 2020-07-08 10:44 

Business Report (IOL)

South African Airways to offer training for up to 1,000 staff...

South African Airways (SAA) will provide a year's training for up to 1,000 employees, revisions to its restructuring plan show....

 2020-07-08 10:00 

Business Report (IOL)

Dis-Chem to challenge tribunal's price ruling...

Chief executive Ivan Saltzman says the Competition Tribunal failed to take into consideration that it was reacting responsibly to disruptions in the market....

 2020-07-08 09:00 

Business Report (IOL)

Delivering critical infrastructure by developing new resilient cities...

Cities are already home to more than half of the world's population, and it is estimated that, by 2050, this percentage will grow to two-thirds....

 2020-07-08 08:43 

Business Report (IOL)

Fears of jobs bloodbath in Cape tourism sector if flight ban not lifted...

Hoteliers say if the government's ban on international flights into South Africa is not lifted soon, prospects for the Western Cape's peak summer holiday season looks bleak....

 2020-07-08 08:30 

Business Report (IOL)

Treasury to allocate last R45 billion of coronavirus relief package...

The plans for the remainder will be outlined in the October Medium-term Budget Policy Statement and the February budget review....

 2020-07-08 08:00 

Business Report (IOL)

Opinion: Ben Turok's plea as Treasury reaches the point of no return...

If debt reduction in ten years can usher to South Africa higher unemployment, poverty and inequality, then why should anyone buy into that journey to a cul de sac?...

 2020-07-08 07:58 

Business Report (IOL)

7 things you need to know today...

We take a look at the night-loving business news this morning and top stories from our newsrooms across SA, Africa, and the world....

 2020-07-08 07:30 

Business Report (IOL)

KZN economy contracts by R30 billion Covid-19 lockdown takes it toll...

The provincial government's spokesperson Lennox Mabaso said KZN derived a significant proportion of its gross domestic product (GDP) from tourism....

 2020-07-08 06:52 

Business Report (IOL)

Unions accept R2.2bn severance packages to rescue SAA...

SAA multi-billion rand business rescue plan looks set to be voted in favour of by the majority of creditors next week....

 2020-07-08 06:40 

Business Report (IOL)

WATCH: Rand weakens as business confidence plunges to the weakest level in 35 years...

Get the latest market update and top stories from our newsrooms across South Africa, Africa and the world....

 2020-07-08 06:40 

Business Report (IOL)

WATCH: Rand slumps as business confidence plunges to the weakest level in 35 years...

Get the latest market update and top stories from our newsrooms across South Africa, Africa and the world....

 2020-07-08 06:30 

Business Report (IOL)

Banks working with treasury to make R100bn Covid-19 loans more accessible to businesses...

South African banks are working with the National Treasury and the South African Reserve Bank to review the R100bn Covid-19 Loan Guarantee Scheme....

 2020-07-08 06:00 

Business Report (IOL)

Massmart set to shed nearly 1 800 jobs at Game stores as Covid-19 hits retail...

Massmart which operates Makro, Cambridge Foods and Builders Warehouse said the planned jobs cut came after an assessment to improve efficiencies at the Game stores....

 2020-07-08 05:30 

Business Report (IOL)

Opinion: Technical possibilities for more QE...

Following a series of articles remonstrating the SARB response to the crisis, SARB governor Lesetja Kganyago went on road shows....

 2020-07-08 05:00 

Business Report (IOL)

Rand surrenders its gains as consumer confidence drops to lowest in 35 years...

The rand on Tuesday surrendered gains it had made earlier in the week after weakening more than 1percent as consumer confidence plunged to a 35-year low....

 2020-07-08 04:30 

Business Report (IOL)

Trust-to -Trust: Trustees must identify and record trust assets...

Estate planners often set up trusts without understanding the requirement that trust assets ought to be treated separately....

 2020-07-08 04:00 

Business Report (IOL)

Media24 tried to avoid job losses as print media is hard hit by Covid-19 pandemic...

Naspers's Media24 said on Tuesday that it planned to retrench more than 500 people and close some of its magazines as the Covid-19 pandemic hits its operations....

 2020-07-08 04:00 

Business Report (IOL)

Media24 to retrench more than 500 employees as print media hard hit by Covid-19...

Naspers's Media24 said on Tuesday that it planned to retrench more than 500 people and close some of its magazines as the Covid-19 pandemic hits its operations....

 2020-07-08 03:08 

Business Report (IOL)

Chinese premier stresses people's well-being, advancing reform, innovation...

Chinese Premier Li Keqiang stressed the importance of ensuring people's well-being and advancing reform and innovation to boost development....

 2020-07-08 03:08 

Business Report (IOL)

Chinese premier stresses people's well-being and advancing innovation...

Chinese Premier Li Keqiang stressed the importance of ensuring people's well-being and advancing reform and innovation to boost development....

 2020-07-07 20:30 

Business Report (IOL)

Starting a business in your 20s, consider these money management tips...

Starting a business is not easy, especially as a young person, with limited access to information and resources....

 2020-07-07 19:30 

Business Report (IOL)

Deutsche Bank and Google agree multi-year, strategic partnership...

Deutsche Bank said it has agreed a strategic, multi-year partnership with Google to give the German lender access to cloud services and drive innovation in technology-based financial products for clients....

 2020-07-07 18:30 

Business Report (IOL)

HSBC to cut 38% of global banking and markets jobs in France...

HSBC France seeks to cut 255 of 678 jobs in its French global banking and markets unit by end-2021 as part of a broader plan to reduce costs....

 2020-07-07 17:30 

Business Report (IOL)

Omnia Holdings share price jumps more than 10% on the JSE...

Omnia Holdings share price jumps more than 10 percent on the JSE after the diversified chemicals group returned to profitability in the year to end March....

 2020-07-07 16:30 

Business Report (IOL)

Edgars owner to sell stake in clothing chain to rival retailer...

Edcon Holdings Ltd. agreed to sell part of South African clothing chain Edgars to a private equity-backed regional rival....

 2020-07-07 15:48 

Business Report (IOL)

Understanding what's going on with oil prices the avocado theory...

On 20 April for the first time ever, the price of West Texas Intermediate (WTI) crude oil, the benchmark price for US oil, fell into negative territory....

 2020-07-07 15:30 

Business Report (IOL)

Debt sale may tell if investors can stomach SA glut...

It could prove to be the bond auction that swamped the South African market....

 2020-07-07 14:30 

Business Report (IOL)

4Sight and Unplugg partner to form B-BBEE firm...

The new alliance, 4Sight Unplugg, will be 51 percent owned by Unplugg while 4Sight will have a 49 percent stake....

 2020-07-07 13:30 

Business Report (IOL)

Banks so far give R30.6bn in customer relief - Basa...

In addition, more than R10.6bn has been extended to distressed businesses under a Covid-19 loan guarantee scheme...

 2020-07-07 13:14 

Business Report (IOL)

Uber launches grocery delivery in Latin America, Canada with US to follow...

Uber Technologies Inc further expanded delivery offerings, launching an app-based grocery service in several Latin American and Canadian cities....

 2020-07-07 12:38 

Business Report (IOL)

Tribunal fines Dis-Chem R1.2m fine for inflating face mask prices...

The Competition Tribunal has slapped Dis-Chem Pharmacies with an R1.2m administrative penalty for charging excessive prices for face masks....

 2020-07-07 12:30 

Business Report (IOL)

Omnia swings into annual profit as restructuring pays off...

Despite coronavirus lockdowns in regions where Omnia operates, the company was able to withstand its impact....

 2020-07-07 12:21 

Business Report (IOL)

ICTU outraged by 'unfair play' against Iqbal Surv, Sekunjalo, Independent Media...

The ICTU's Thabang Mothelo said on Tuesday that no individual should live in a constant state of fear for their lives in democratic South Africa....

 2020-07-07 11:30 

Business Report (IOL)

FNB to discontinue cheque issuance from January 2021...

FNB has announced that it will be discontinuing the issuing of cheques by 01 January 2021....

 2020-07-07 11:04 

Business Report (IOL)

Public enterprises tells SAA unions there is no money for better severance pay...

The Department of Public Enterprises said it would not be able to entertain further demands from labour unions regarding the retrenchment process at South African Airways....

 2020-07-07 10:30 

Business Report (IOL)

Massmart eyes 1800 job cuts at Game...

Massmart has embarked on Section 189 consultations with organised labour on plans to possibly cut 1 800 jobs across its Game stores....

 2020-07-07 09:30 

Business Report (IOL)

Tribunal approves sale of Tongaat Hulett's starch business...

Tongaat Hulett said it was pleased at the decision by SA's Competition Tribunal to approve the acquisition of its Tongaat Hulett Starch business....

 2020-07-07 09:25 

Business Report (IOL)

Consumer confidence plunges to 35 year low...

Consumer confidence plunged to record lows in 35 years during the second quarter of 2020 due to the halt in economic activity in the three months to June....

 2020-07-07 09:00 

Business Report (IOL)

Will there be a steady electricity supply over the next decade?...

We need a reliable electricity supply to get us through the next six months. But what about the next six years?...

 2020-07-07 08:41 

Business Report (IOL)

7 things you need to know today...

We take a look at the night-loving business news this morning and top stories from our newsrooms across SA, Africa, and the world....

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