The United Arab Emirates (UAE) has always been considered an important player in the international business environment. But beyond the economic powerhouse, the UAE is increasingly becoming a role model in tolerance and a reliable…
Business: Cardinal urged to accept Shandong Gold offer
Shandong these days elevated its bid for the ASX and TSX-listed Cardinal from the 60c a share offered in June this year, to 70c a share, after a competing bid from shareholder Nordgold emerged, which…
Business: Oil prices may fall, not rise
Oil’s restoration is being hit from both sides. Benchmark Brent crude expenditures have risen by means of 128% from their April low, closing above $40 a barrel considering that the center of June. But rising…
Business: Gold skyrockets due to financial boom fears
Gold is heading for its seventh weekly acquire as it advantages from a especially weak dollar and inflation expectations globally. Bullion, valued by way of traders in instances of crisis as a secure haven and…
Business: SAA creditors must meet the unmet guarantee…
The commercial enterprise rescue practitioners of South African Airways have called a creditors' meeting for Friday 24 July, on the foundation that a condition set in the enterprise rescue sketch has no longer been met.…
Business: Ethiopian Airlines plane catches fire at Shanghai…
An Ethiopian Airline cargo airplane caught fireplace in China, an aviation information tracking portal pronounced on Wednesday morning. The incident involved Ethiopian Airlines 777F which used to be parked at the Shanghai Pudong Airport. The…
Business: Silicon Valley has deep pockets for African…
Sorry for asking, but do you understand that the money belongs to the business enterprise and is now not your non-public fund?” When Jesse Ghansah noticed this question in an electronic mail from a distinguished…
SABC troubles add to a rising list of…
The South African Broadcasting Corporation (SABC)'s organizational and financial problems will come to the fore once again on Tuesday as the broadcaster updates Parliament on its flailing fortunes. Its woes may seem to be recent,…
South Africa: Numsa to pick over work losses…
South Africa's National Union of Metalworkers announced in a statement on Sunday evening that it would picket at ArcelorMittal on Monday at several sights of service. The statement said the picket would take place on…
Business: Mboweni wants DA to provide ‘evidence’ for…
Finance Minister Tito Mboweni has hit back at claims by the DA that National Treasury plans to extend a bailout to help fund the business rescue process of flag carrier South African Airways. This after…
Breaking: Load shedding is over, but load reduction…
Eskom released a statement on Friday evening, announcing that it would implement load reduction in the Nkangala District Municipality in Mpumalanga from on Saturday morning from 05:00 to 09:00. The statement comes at the end…
Business: Grand Ethiopian Renaissance Dam: Ethiopia confirms reservoir…
A reservoir behind Ethiopia‘s disputed Grand Renaissance dam on the River Nile has started filling with water – a day after talks with Egypt and Sudan ended without agreement, officials say. Ethiopian Water Minister Seleshi…
‘Mobilising’ SAA funding doesn’t mean money is there…
Minister of Public Enterprises Pravin Gordhan and Finance Minister Tito Mboweni on Thursday wrote a letter to South African Airways' business rescue practitioners, committing to "mobilise" funding for restructuring SAA - but it remains unclear…
Business: Now is the time to invest in…
Despite the effects of COVID-19, Africa’s young creative industries remain ripe for investment opportunities. African music, film, and fashion continue to gain global popularity, with companies like Netflix and Universal Music Group expanding their presence…
Business: Nigerian scholar calls for halt to auction…
A prominent Igbo-Nigerian artist and academic has called for the cancellation of a forthcoming auction in Paris of two sacred sculptures taken out of Nigeria during its devastating civil war in the late 1960s. Chika…
Business: Thousands of jobs are threatened by the…
Thousands of workers in the South African liquor industry and its value chain are facing job losses after the government reintroduced a ban on alcohol sales just as business was picking up from a nine-week…
Business: Telkom launches Yep! app to grow small…
As the tough economic environment continues to affect industries adversely, small businesses are hit the hardest. But Telkom Business has good news. Helping the growth of small businesses in SA that have been severely hit…
Business: SA business gives Mboweni’s zero-based budgeting thumbs…
Zero-based budgeting will be instrumental in curbing public debt, according to Business For South Africa. The organisation, which represents a vast majority of business organisations in the country, on Friday released a 12-point economic recovery…
Business: IMF warns cutting spending too soon could…
As governments rushed out funding to prevent an economic collapse amid the coronavirus pandemic, global public debt swelled to the highest in history, but the International Monetary Fund (IMF) warned Friday that cutting back too…
