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.

Fin24.com | Owner of Burger King SA back in the black after dumping Dunkin’

The fast-food chain's sales for the year increased by 34% to more than R1bn.

Fin24.com | 'We are open for business' says SANParks as wage dispute ends

Employees had threatened a protest at the gates of the Kruger National Park on Friday.

Fin24.com | Old Mutual director resigns as fight over Moyo drags on

In an apparent blow to chairman Trevor Manual, Old Mutual director Nombulelo Pinky Moholi has resigned with immediate effect.

Fin24.com | New Sandton skyscraper is the tallest building in Africa - it offers a view of Magaliesberg

Africa’s tallest building is set to open next month.

Fin24.com | Facebook worker dies after jumping from headquarters building

“We were saddened to learn that one of our employees passed away at our Menlo Park headquarters earlier today."

Fin24.com | Crime causing absenteeism, trauma - Cape Chamber of Commerce survey

An internal survey conducted by the chamber found 40% of respondents had experienced a criminal act in the past year at their place of work.

Fin24.com | Eskom: DA is mistaken, we are not planning load shedding

Eskom is not planning load shedding in September and October, the power utility has said.

Fin24.com | UCT graduates among most employable in the world - survey

UCT has for the first time secured a top 100 spot in the 2020 QS Graduate Employability Rankings.

Fin24.com | Mboweni postpones mini budget by a week

National Treasury and the chair of Parliament's standing committee on finance confirmed the shift.

Fin24.com | TECHNICAL ANALYSIS: Woolies stock breaks out above important resistance levels

Woolworths has been the leading retail stock in recent months on the JSE, and it’s now gone on to break out above important resistance levels. This is bullish and the stock has two higher price targets.

Fin24.com | JSE flat as Reserve Bank keeps rates unchanged

Shares on the JSE tracked mostly lower on Thursday before closing softer as the Reserve Bank delivered its Monetary Policy Committee statement

Fin24.com | The oil tycoon that got R29bn richer in a day

Billionaire oil baron Harold Hamm just had a very big day.

Fin24.com | Cell C now valued at zero

Cell C's major equity holders Blue Label Telecoms and Net1 have both placed the fair value of the mobile operator at zero.

Fin24.com | Cell C is bleeding money, pushing Blue Label deep into the red

Blue Label gave a preview of its long-awaited results.

Fin24.com | 10-year-old wire cartel case settled, millions in penalties

After a full decade and several legal challenges – including in the Supreme Court of Appeal – the Competition Tribunal this week approved settlement agreements between the Competition Commission and two wire products manufacturers accused of cartel conduct.

Fin24.com | Interest rates left unchanged despite the Reserve Bank's gloomier growth forecasts for 2020

Kganyago noted that while growth rebounded in the second quarter of the GDP rebounded, but economic activity remains weak.

Fin24.com | Cabinet: 'Fruitful' talks on Mboweni's growth plan

Minister in the Presidency Jackson Mthembu says Cabinet is considering Treasury's economic policy paper, now that the deadline of public submissions has passed.

Fin24.com | Footgear gets go-ahead to buy Edgars Active

The Competition Tribunal has approved a merger which will see Edcon selling the Edgars Active and High Key chain stores to Footgear, in which Old Mutual has a majority stake.

Fin24.com | Christo Wiese's plan for Virgin Active owner: Get rid of bosses, assets

South African businessman Christo Wiese is part of a shareholder group proposing investment company Brait SE raise R3 billion in a share sale and dispose of all assets except gym-chain Virgin Active.

Fin24.com | As Eskom asks Interpol for help, leaks shed light on how Gupta-linked firm may have moved millions

The Organized Crime and Corruption Reporting Project, a non-profit investigative journalism platform, says leaks show that money earned by Trillian was circulated among 10 foreign shell companies.

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