business

Business: South Africa attempts to recover more than R400 m from SAP on ‘unlawful’ contracts

South African investigators are seeking to recover more than R400 million from German software program firm SAP for two government…

August 8, 2020

Business: SA Telecom Giant MTN Exits Middle East set to Concentrate on Africa

Africa's largest cell operator, and South African telecom giant MTN, announced Thursday it would pull out of the Middle East…

August 7, 2020

Business: Former execs ‘conspired’ to benefit the Gupta brothers – Eskom

Former Eskom executives conspired with the Gupta brothers and their enterprise associates for six years to syphon dollars from the…

August 6, 2020

Business: Hospital group is taking on the uninsured market in SA and NHI

It might also be a small rival to the likes of Netcare and Mediclinic but RH Bophelo is making huge…

August 5, 2020

South Africa: Alcohol Ban Cost Economy More Than $892 In Taxes

Brewing and beverage business enterprise Distell said on Monday the alcohol industry had already lost 118,000 jobs. Whilst nearly 800…

August 4, 2020

Business: Pedro’s creates first premium ogogoro in Africa

Ogogoro is a West African alcoholic drink extracted locally from palm bushes frequently served to guests or consumed in local…

August 3, 2020

Business: Downsized Hajj Affects Somalia’s Livestock Trade

The Hajj, a time of celebration when Muslims journey to Mecca each year. A pilgrimage that economically benefits Somali cattle…

August 2, 2020

Business: Oil edges higher as fears about sliding demand rise

Oil prices recovered in addition floor on Friday, after touching three-week lows in the previous session, responding to a document…

July 31, 2020

IMF loan payback: It’s a stupid economy

The current R70-billion loan by the International Monetary Fund (IMF) to South Africa has been acquired with combined critiques via…

July 30, 2020

Business: Discovery of Mediterranean gas off Egypt could generate 32mn cubic feet per day – El-Molla

The new gasoline discovery off Egypt’s Mediterranean coast could produce up to 32 million cubic ft per day, its Petroleum…

July 29, 2020

Business: Julius Berger Nigeria Plc Loses N1.9bn in Six Months

Julius Berger Nigeria Plc has said a loss of N1.931 billion for the six month ended June 30, 2020, compared…

July 28, 2020

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…

July 27, 2020

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…

July 26, 2020

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.…

July 25, 2020

Business: SAA creditors must meet the unmet guarantee condition on Friday

The commercial enterprise rescue practitioners of South African Airways have called a creditors' meeting for Friday 24 July, on the…

July 24, 2020

Business: Ethiopian Airlines plane catches fire at Shanghai airport

An Ethiopian Airline cargo airplane caught fireplace in China, an aviation information tracking portal pronounced on Wednesday morning. The incident…

July 23, 2020

Business: Silicon Valley has deep pockets for African entrepreneurs …

Sorry for asking, but do you understand that the money belongs to the business enterprise and is now not your…

July 22, 2020

Angola can become the fourth largest economy in Africa

According to forecasts from the Institute for Studies and Security (ISS), based in Pretoria , South Africa, Angola could become…

July 21, 2020

SABC troubles add to a rising list of state finance problems

The South African Broadcasting Corporation (SABC)'s organizational and financial problems will come to the fore once again on Tuesday as…

July 21, 2020

South Africa: Numsa to pick over work losses at ArcelorMittal

South Africa's National Union of Metalworkers announced in a statement on Sunday evening that it would picket at ArcelorMittal on…

July 20, 2020

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