FIN 24 | NEWS 24 – Companies News
South Africa’s premier site for up-to-date business and finance news, stock market data, economic analysis, personal finance and investment information.
News24, South Africas premier news source, provides breaking news on national, world, Africa, sport, entertainment, technology & more.
News24’s breaking news wire service brings you the latest South African, African and international news reports and press updates from newsrooms across the country.
Furniture group Lewis reported sales growth of 6.9% for the third quarter of the year, mainly bolstered by Black Friday held in November.
The Development Bank of Southern Africa commits R3.5bn to SAA, business rescue practitioners have confirmed.
The start of a court case to have Myeni declared a delinquent director has been hobbled by a series of delays.
South African Airways could receive some of the funding needed to avert its collapse from the Development Bank of Southern Africa, a state-owned financier, two people familiar with the situation said.
Cell C has defaulted on the payment of interest for a R2.7bn loan, due in December 2019, as well as interest and capital repayments due in January 2020.
The owner of PEP and Ackermans is looking to diversify its sources of funding.
Owner of PLG Schools says it has placed CEO on temporary leave pending an investigation into various concerns
The company said it is on track to deliver 185 000 ounces of gold for full-year 2020 as Elikhulu treatment plant almost doubles its production.
The directors of JSE-listed sugar producer Tongaat Hulett have announced some more changes to the board.
Low-cost airline, Fastjet says it is yet to get funding meant to keep it afloat beyond March this year.
Investec Property Fund announced on Monday that it plans on selling all its shares in two South African malls, with the aim of investing the proceeds in Europe and the UK.
Payment solutions provider, Net1, plans to sell a Korean business for $237m.
A lawyer representing the Organisation Undoing Tax Abuse in a case to have former SAA board chairperson Dudu Myeni declared a delinquent director on Monday pleaded with the court to proceed, as Myeni made yet another application that could stall it.
The Discovery Life business heavily integrated with Vitality with over 80% of its customers also members of the reward programme.
A £30bn (R570bn) UK pension fund has threatened to fire managers that fail to curb their exposure to climate change and position for a low-carbon economy.
Its Australian business also saw lower sales.
The global chemicals and energy company is set to list on the secondary A2X exchange in early February.
Autopax – the bus subsidiary of Prasa, which operates Translux and City to City – says government is "working on a plan" following an announcement that staff would only be paid half their salaries for January.
Naked Insurance, the automated insurer famous for allowing consumers to pause their cover, is branching into home insurance. It spent the past 20 months selling only motor insurance.
Futuregrowth Asset Management, the Old Mutual fixed-income unit, said it plans to boost the proportion of the R185bn fund manager owned by black South Africans.