FIN24 – Business News

FIN24 – Business News

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, South Africa’s premier site for up-to-date business and finance news, stock market data, economic analysis, personal finance and investment information.

’s breaking news wire service brings you the latest South African, African and international news reports and press updates from newsrooms across the country. | Naspers announces September date for Prosus listing

The media and internet giant is aiming to list its international internet asset on the Euronext Amsterdam exchange, with a secondary, inward listing on the JSE. | Dire consequences if 'unconsidered' poultry tariff is approved, warn meat importers

According to a statement released by the association, government and its import tariff adjudication body are yielding to calls for a tariff increase on chicken product imports. | From Apple to Boeing, watch these bellwethers for signs of tariff trouble

Most American companies will report second-quarter results in the coming weeks, giving us the first chance to hear directly from a wide variety of businesses since the US and China agreed to resume trade talks. | Markets LIVE: PepsiCo to buy Pioneer Foods to support its African expansion plans

PepsiCo, which owns food brands Frito-Lay and Pepsi-Cola, will be acquiring local food group Pioneer Foods which produces Weet-Bix, Liqui-Fruit and White Star maize, among other products. | Think in reverse about your retirement savings

There is a major gap between expectation and reality when it comes to saving for retirement. | Vodafone CEO takes £1.3m bonus cut after share slide

Vodafone said it will cut long-term bonuses for its top two executives by a fifth after an investor advisory group took issue with the UK phone company’s remuneration plan. | Tax season: 7 ways to protect yourself from cybercrime attacks

An antivirus expert lists seven tips to help shield taxpayers from cyber crime attacks. | Oil pares steep weekly loss as US warship downs Iranian drone

Oil snapped four days of losses after an American warship downed an Iranian drone near the Strait of Hormuz, stoking concerns crude flows from the Middle East may be disrupted. | Magashule speech takes aim at Reserve Bank, again

ANC secretary general Ace Magashule on Thursday condemned "gatekeepers", whom he said censured him for his remarks about the ownership and mandate of the South African Reserve Bank. | SA has its work cut out to save mining - IRR

An excerpt from the think tank’s report argues that the recovery of the mining industry is possible, but that the industry needs “significant reforms” to achieve this. | Platinum giants eye Sibanye's gold mining deal as wage yardstick

Following a five-month strike that was eventually declared illegal, Sibanye agreed to increase the pay of workers at its three gold mines by 5.5%. | Independent Media: We didn't deliberately inflate circulation figures

The Audit Bureau of Circulations of South Africa has amended its report on newspaper circulations for the period between Q1 2017 to Q2 2018 to accurately reflect Independent Media's circulation figures. Fin24 unpacks why its important these figures are accurate. | SA's state-owned companies: a complex history seldom told

The problems of South Africa’s state owned enterprises are in the headlines every day. Yet many have existed for over 80 years, says Nancy L. Clark. | When will Boeing 737 Max fly again? FAA has no timeline

US aviation regulators have no timeline for returning Boeing’s grounded 737 Max to service and won’t act until they are sure it is safe, the nation’s top transportation official said on Thursday. | Netflix stock plunges as streaming giant faces 'difficult road ahead'

Netflix has shocked investors by reporting a drop in US customers and much slower growth overseas, raising fears that the streaming giant is losing momentum just as competitors prepare to pounce. | Rate cut good news, but don't get too excited - economists

The SA Reserve Bank's decision to cut the repo rate by 0.25% has been met with cautious optimism by analysts. | We will not abandon B-BBEE - Ramaphosa

President Cyril Ramaphosa has told MPs that while the pace of investment and economic transformation has been slow, it has not been insignificant, and the African National Congress-led government will not be abandoning B-BBEE. | Eskom, Gauteng govt to crack down on illegal connections, supply problems

Eskom and the Gauteng provincial government have agreed to work together to deal "decisively" with ongoing disruptions in the supply of electricity in several areas in the province, Eskom said in a statement on Thursday. | Muted session for the JSE as central bank cuts rates

The JSE had a relatively muted session on Thursday as it struggled to find direction ahead of the South African Reserve Bank’s interest rate decision. | Nationalisation, privatisation, land: What Mandela told business in 1990 still resonates today

Almost three decades ago, Nelson Mandela addressed a conference of 300 business executives on questions that South Africa still grapples with, including nationalisation, privitisation, a living wage land reform, inequality, public finances, unions and capital flight. For Mandela Day, an edited version is reproduced here.

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