ArcelorMittal SA is signing a broad-based black economic empowerment deal, but the agreement comes at a cost to its bottom line.
Steel-maker ArcelorMittal SA plans to issue shares representing a 17% holding to a group of black investors.
Furniture and clothing retailer Steinhoff International moves to strengthen its finances following recent acquisitions.
Remgro plans to raise more than R9.9bn from shareholders as it considers deals including a right to buy SABMiller’s stake in Distell.
MTN, SA’s largest cellphone operator by subscribers, says allegations it illegally repatriated $13.92 billion out Nigeria are “unfounded”.
Nigerian lawmakers have accused telecoms company MTN of illegally moving almost $14 billion out of its largest market.
Transport Minister Dipuo Peters said that the Passenger Rail Service of SA owes Transnet and municipalities some R796 million on outstanding accounts.
Around 500 members of the National Union of Mineworkers haven’t reported for duty at Impala Platinum’s refinery near Johannesburg.
Randgold Resources chief executive Mark Bristow says there’s not enough exploration to replace gold being produced.