FIN24 – Business News

FIN24 – Business News

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’s breaking news wire service brings you the latest South African, African and international news reports and press updates from newsrooms across the country. | Witness at Anoj Singh disciplinary hearing says locomotive prices were 'deliberately' inflated

Former Transnet strategy manger, Francis Callard, has testified for a third day at the disciplinary hearing of Transnet's former CFO. | SAA strike will quicken its demise - business body

An aviation expert, a political party, a non-striking union, an industry body and a business chamber weigh in on the impact of the SAA strike. | Christo Wiese to retire as Shoprite chair

Christo Wiese will retire as board chairperson of Shoprite, by the next annual general meeting. | Platinum miners strike three-year wage deals with unions

Anglo American Platinum, Impala Platinum and Sibanye announced three-year wage deals with the National Union of Mineworkers, the Association of Metalworkers and Construction Union and Uasa. | Kaap Agri's shares rocket following trading update

Agricultural retailer Kaap Agri expects headline earnings to improve by at least 14% for the year ended September 30. | JSE closes softer after flat session

The JSE closed softer on Friday as it lost momentum towards the close led by losses in the industrials and resources sectors. | Steinhoff sells UK furniture business

European retail investor Alteri Investors will acquire Steinhoff's Blue Group which owns UK-based furniture company Harveys Furniture and Bensons for Beds. | SAA losing R52 million a day as unions and airline remain deadlocked

'The unions are still sticking to their guns,' says SAA spokesperson Tlali Tlali. | Prasa's woes threaten other businesses - report

The declining performance of the Passenger Rail Agency of South Africa is not only endangering its own future. | SA Revenue Service dismisses top legal officer following disciplinary hearing

The tax agency has dismissed Refiloe Mokoena, its Chief Officer: Legal Counsel. | Petrol price set to rise in December, but diesel may drop - AA

The petrol price is expected to increase while the prices of diesel and paraffin will decrease next month, according to the Automobile Association. | Telkom confirms it is in talks to buy Cell C

Discussions are at a 'preliminary stage' | 'No chicken, serious beef': Unions blame 'incompetent' SAA execs for airline's woes

Unions started an indefinite strike at SAA on Friday morning after wage negotiations deadlocked. | Lucky Star owners not so lucky as taxes eat into earnings

Fishing group Oceana's profits would have performed better if it wasn't for a R248m tax expense. | Jessie Duarte says liquidation of Sekunjalo Independent Media makes 'no sense' - report

The Public Investment Corporation has lodged a liquidation application in the Western Cape High Court against the media group holding company over the non-repayment of a 2013 loan. | SAA plays hardball as strike starts

SAA is sticking to its 5.9% wage hike offer - if it can afford it. | Gordhan: SAA is not too big to fail

Public Enterprises Minister Pravin Gordhan has said unions are risking the future of SAA and jobs. | Whites still earning three times more than blacks in SA

Whites in South Africa earned three times more than blacks on average, two decades after the demise of apartheid, according to Statistics SA. | How VBS plotters helped kill another bank, this time in Namibia

Evidence is mounting that VBS aided another elaborate bank heist north of the border by producing fake paper trails and channeling stolen cash to fool regulators and auditors. | Mozambique economy set to bounce back in 2020 - IMF

Mozambique's economy is on track for a "strong rebound" in 2020, the International Monetary Fund said on Wednesday, as it urged the government to ensure an expected gas boom benefits all citizens.

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