The Public Investment Corporation (PIC) would consider investing in state owned enterprises such as South African Airways (SAA) if they met its investment criteria‚ its CEO Dan Matjila told parliament earlier today.
South African bonds were flat on Wednesday afternoon as the market awaited the US Federal Reserve meeting minutes due out in the evening‚ which may give further clues on possible interest-rate increases in the US later this year and next year.
Activist investor Elliott has embarked on an international tour of BHP Billiton’s biggest shareholders as it presses ahead with its campaign to force a radical shake-up of the FTSE 100 mining giant, sources familiar with the matter told Reuters.
Agricultural powerhouse Brazil aims to revive ties with Africa after a lull and sees a vast export market for food and manufactured goods in a continent whose population is surging, its foreign minister said.
Nigeria’s state oil company on Monday said allegations by the oil minister that the conduct of its group managing director lacked transparency were baseless, as a public rift between the firm and the ministry widened.
Petra Diamonds Ltd said on Monday it was likely to breach a key condition of its banking agreements due to labour disruption at is South African operations and uncertainty around sales volumes in Tanzania.
BMW Financial Services on Friday said it “disagrees with and disputes” the contents of the compliance notice issued by the National Credit Regulator‚ which states that the on-the-road fee of between R3000 and R6000 which the credit provider adds to its customers’ credit agreements is illegal in terms of the National Credit Act and must be refunded.
Nissan factories routinely forged inspection documents for new vehicles, reports said Wednesday, as a scandal mounted around Japan’s second-biggest carmaker that has already been hit with a costly recall.