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2 days ago
ArcelorMittal SA’s costly BEE deal
ArcelorMittal SA’s costly BEE deal

ArcelorMittal SA is signing a broad-based black economic empowerment deal, but the agreement comes at a cost to its bottom line.

2 days ago
AMSA issues shares to BEE company
AMSA issues shares to BEE company

Steel-maker ArcelorMittal SA plans to issue shares representing a 17% holding to a group of black investors.

2 days ago
Steinhoff plans share sale
Steinhoff plans share sale

Furniture and clothing retailer Steinhoff International moves to strengthen its finances following recent acquisitions.

2 days ago
Remgro to raise funds as Rupert mulls Distell deal
Remgro to raise funds as Rupert mulls Distell deal

Remgro plans to raise more than R9.9bn from shareholders as it considers deals including a right to buy SABMiller’s stake in Distell.

2 days ago
MTN denies breaking Nigeria’s law
MTN denies breaking Nigeria’s law

MTN, SA’s largest cellphone operator by subscribers, says allegations it illegally repatriated $13.92 billion out Nigeria are “unfounded”.

2 days ago
MTN faces new allegations in Nigeria
MTN faces new allegations in Nigeria

Nigerian lawmakers have accused telecoms company MTN of illegally moving almost $14 billion out of its largest market.

2 days ago
Prasa owes R796m to suppliers, service providers
Prasa owes R796m to suppliers, service providers

Transport Minister Dipuo Peters said that the Passenger Rail Service of SA owes Transnet and municipalities some R796 million on outstanding accounts.

3 days ago
Impala Platinum workers strike over pay
Impala Platinum workers strike over pay

Around 500 members of the National Union of Mineworkers haven’t reported for duty at Impala Platinum’s refinery near Johannesburg.

3 days ago
Randgold chief sees gold-supply problem
Randgold chief sees gold-supply problem

Randgold Resources chief executive Mark Bristow says there’s not enough exploration to replace gold being produced.