June 26, 2017

FIN 24 – Companies



FIN 24 – Companies

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Companies

Gupta defender Andile Mngxitama believes it would be cool if the Guptas had written the Mining Charter.
Posted: June 26, 2017, 11:33 am
Agricultural retailer and trader Kaap Agri has become the seventh company to list on the JSE in 2017.
Posted: June 26, 2017, 10:49 am
Boutique developer Signatura is evolving Nedbank’s black glass and steel head office into a stylish residential and hospitality development, called The Onyx.
Posted: June 26, 2017, 9:55 am
SAA chair Dudu Myeni will face a motion to be fired in Parliament, following a report that she allegedly lied in an attempt to sabotage the appointment of a CEO for SAA.
Posted: June 26, 2017, 9:51 am
Exxaro believes its new black economic empowerment restructure will be “appropriate” amid increased uncertainty over the new Mining Charter.
Posted: June 26, 2017, 9:51 am
China-controlled Yancoal Australia has added new incentives to its offer for Rio Tinto's Australian coal assets to fend off a last-minute challenge by rival Glencore.
Posted: June 26, 2017, 8:42 am
Dan Loeb has amassed a $3.5bn stake in Nestlé, targeting Europe’s largest company in the biggest bet of his two-decade career as an activist investor.
Posted: June 26, 2017, 7:33 am
SA’s plan to force mining companies to give the black majority a bigger stake in the mineral wealth faces a major obstacle: convincing banks to back billions of dollars of fresh deals in an industry in decline.
Posted: June 26, 2017, 7:23 am
In its 20th anniversary year, Star Alliance has claimed the Best Airline Alliance title at the Skytrax World Airline Awards for the second year running.
Posted: June 25, 2017, 2:53 pm
Empowerment investment holding company Grand Parade Investments has announced key changes at executive level to shape its strategy well into the future.
Posted: June 25, 2017, 2:33 pm
Group Five says Allan Gray, has nominated former chief executive officer Mike Upton to the board as a non-executive director and has proposed that the South African construction and engineering company be broken up.
Posted: June 24, 2017, 9:12 am
Glencore's last-minute bid for Australian coal mines leaves Rio Tinto Group with a dilemma to mull over the weekend: accept less money or risk upsetting its biggest customer
Posted: June 24, 2017, 8:44 am
Did the Gupta-linked firm Tegeta Exploration & Resources receive a R1.65bn discount on a fine it had to pay to Eskom? The state utility did not deny the figure when grilled on it.
Posted: June 23, 2017, 7:00 pm
The Johannesburg Stock Exchange has agreed to a request by Gupta-owned Oakbay Energy and Resources for a voluntary suspension of the listing of its securities.
Posted: June 23, 2017, 6:32 pm
The National Lotteries Board has a backlog of close to 6 000 applications for funding that amounts to more than R11bn, Trade and Industry Minister Rob Davies says.
Posted: June 23, 2017, 4:24 pm
MMI Holdings explains the resignation of chief operating officer Danie Botes and CEO of Momentum Retail Etienne de Waal.
Posted: June 23, 2017, 1:36 pm
Power cable supplier South Ocean Holdings agreed to a R13m penalty relating to price fixing and collusive tendering.
Posted: June 22, 2017, 5:16 pm
Lufthansa has been voted the “Best Airline in Europe” at the Paris Air Show by market research institute Skytrax, which specialises in aviation.
Posted: June 22, 2017, 4:31 pm
Abraaj Group is planning an initial public offering of Libstar, which may value the firm at as much as $1bn, according to people familiar with the matter.
Posted: June 22, 2017, 3:20 pm
The JSE is considering suspending Gupta-owned Oakbay because it no longer has an audit committee chairperson, sponsor or transfer secretary, the company has announced.
Posted: June 22, 2017, 10:09 am

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