June 26, 2017

SowetanLive Business News

SowetanLive Business News

Business – Breaking SA and World News, Sports, Entertainment and more –

Myeni hits turbulence after 'misleading' Gigaba

South African Airways board chair Dudu Myeni’s bid to allegedly “sabotage” the appointment of a CEO for the airline has resulted in a fresh call for her to be fired.

Facebook poised to launch new app targeted at influencers

Facebook has unveiled plans to launch a fresh app later this year, aimed at helping influencers better manage video content on its platform.

Google to stop scanning Gmail for ad targeting

Google said Friday it would stop scanning the contents of Gmail users' inboxes for ad targeting, moving to end a practice that has fueled privacy concerns since the free email service was launched.

Zuma backs new Mining Charter

President Jacob Zuma has backed the controversial new Mining Charter‚ saying it would not adversely affect the sector‚ but would bring about much-needed change in the industry.

Nearly 16‚000 Fords recalled over fire risk

Ford South Africa has announced another fire-risk related recall — this time on its entry-level Figo and Ikon models.

Man loses R5000 via debit orders

Combing through your bank statement should be done habitually to ensure all the debit orders are correct and authorised.

Standard Bank launches crowdfunding initiative to help with student fees

In an effort to create a platform for donors to sponsor student fees‚ Standard Bank and Feenix Trust launched a crowdfunding initiative in Johannesburg on Tuesday.

Companies tribunal hearing on SAA to be public

There was no objection to a public hearing into some of the circumstances around a 2013 South African Airways plan to buy planes from Airbus‚ the Companies Tribunal heard on Monday.

Competition is tough in meat world‚ says company raided for alleged price fixing

There is no collusion to fix prices in the beef industry‚ Karan Beef said on Monday‚ after its head office was raided by the Competition Commission as part of an investigation into allegations of price fixing.

Yahoo signs off, completes sale to Verizon

Internet pioneer Yahoo ended its two-decade run as an independent company on Tuesday, completing the sale of its core online assets to telecom giant Verizon.

We might be in a recession‚ but at least our farmers are doing well

Agriculture in South Africa is weathering the economic storm‚ despite a recent recession.

Gigaba to meet business sector against backdrop of economic meltdown

Finance Minister Malusi Gigaba is set to meet with the business community on Tuesday after‚ at the last minute‚ postponing his much anticipated media briefing scheduled for Friday to outline government’s roadmap out of a sluggish economy.

Rand holds up after Moody’s downgrade

The rand was relatively composed on Monday morning‚ suggesting that a credit rating downgrade by Moody’s on Friday had been largely priced.

Rand strengthens ahead of Moody’s announcement

The rand strengthened against major currencies on Friday afternoon‚ with growing expectation in the market that ratings agency Moody’s would hold off on a two-notch cut that would bring SA’s credit rating to subinvestment grade.

SA poultry association concerned over flu in Zimbabwe chickens

South African Poultry Association CEO Kevin Lovell says the outbreak of highly pathogenic avian influenza — known as bird flu — in Zimbabwe’s poultry industry is “very worrying“.

The 'big four' retailers should not compete in unrelated markets‚ says Soweto entrepreneur

The “Big Four” grocery retail stores should no longer be allowed to have divisions selling various types of unrelated products.

Dondo Mogajane is the new DG at the national treasury

Long-serving national Treasury official Dondo Mogajane has been appointed as its new director general.

Cabinet urges business‚ labour to tackle recession

Cabinet has called on business‚ labour and society generally to partner with government “as a matter of urgency” to arrest the decline in economic growth.

Commission approves acquisition of Pan-African Resources Coal Holdings by Coal of Africa

The Competition Commission has approved Coal of Africa’s (CoAL) acquisition of Pan-African Resources Coal Holdings (PAR Coal).

Rand remains weaker after SA slips into recession

The rand was softer on Wednesday morning on the shock news that SA’s economy was officially in recession.

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