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Africa's biggest company to start funding roadshow in US, UK

Pakistan Observer - 8 hours ago
The company is seeking to grow outside of a 33 percent stake in Chinese internet company Tencent Holdings Ltd., which contributes the bulk of Naspers's $1.8 billion profit and is worth more than the South African company's market value of about $90 ...and...

New charter will cripple not only mining

Business Day (registration) - 10 hours ago
The reality is that South Africa's mining sector is in crisis. The sector is smaller in real GDP terms in 2016 than it was in 1994. Investment at the gross and net levels has declined in the past two years, with net investment down substantially. The ...and...

Foreign brands feel the pinch in tough times

Business Day (registration) - 11 hours ago
While the group refused to respond to questions on store closures, Johan van Wyk, the country manager of Cotton On Group South Africa, said: "As a global business, we continually review our portfolio of over 1,500 stores in 19 countries to ensure...

#GuptaLeaks: Guptas spied on Manuel, Malema and bank bosses

News24 - 12 hours ago
Johannesburg - Emails and documents obtained through the #GuptaLeaks showed how the family spied on prominent South Africans, including former finance minister Trevor Manuel; his wife and Absa CEO Maria Ramos; EFF leader Julius Malema and ...and...

Why South Africa doesn't have its own “unicorn” startup

BusinessTech - 16 hours ago
Elevation-holdings in conjunction with the Gordon Institute for Business Science have released a new report on the state of tech and innovation startups in South Africa, how these companies can catapult themselves forward, and why one is yet to reach...

'My body, my business'

Independent Online - 18 hours ago
Womxn: Working, a documentary film that is in production, explores the world of sex work in South Africa from the perspective of the sex workers themselves. I spoke to film-makers Tiny Mungwe and Shanelle Jewnarain about their experience making the...

Sri Lanka coach Ford resigns

Business Standard - 20 hours ago
Sri Lanka's Head Coach Graham Ford has resigned from his position, Sri Lanka Cricket (SLC) head Thilanga Sumathipala said today. The South African has had many differences of opinion with the SLC's local team managements during the unsuccessful ...and...

Feature: Chinese business in S. Africa helps create employment

Xinhua - 21 hours ago
JOHANNESBURG, June 24 (Xinhua) -- Bernard Musiiwa is a disgruntled job seeker in South Africa. Three years ago, he worked part-time as a security guard, getting a diminutive salary that can pay neither his monthly bills nor his two kids' school...

South Africa's Naspers lifts FY profit, Tencent robust

Business Insider - 21 hours ago
JOHANNESBURG, June 23 (Reuters) - South African e-commerce and pay-TV giant Naspers, reported a 41 percent jump annual profit on Friday as strong results from its Chinese money spinner Tencent offset weak performance from its pay-TV and other ...and...

South Africa eyes another Unesco prize

Times LIVE - 23 hours ago
If you've already registered on the BusinessLIVE, Business Day, Financial Mail or Rand Daily Mail websites? Sign in with the same details. Note: Login details from the former TimesLIVE/Sunday Times website are no longer valid. Please register again.and...

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Latest #GuptaLeaks show family “spied” on Malema, Manuel and bank bosses

The South African - 1 hour ago
JOHANNESBURG, SOUTH AFRICA – FEBRUARY 14: Economic Freedom Fighters (EFF) leader Julius Malema speaks during a media briefing at the party's headquarters on February 14, 2017 in Johannesburg, South Africa. Malema announced that the party's ... News24 ...and...

Soweto's urban entrepreneurs take on the world

Yahoo Finance UK - 5 hours ago
The Box Shop gives the successful entrepreneurs feedback on their plans and advises on sourcing materials and finance, handling personnel issues and managing their operations. It also takes a risk on the entrepreneurs it chooses: the Box ... But with...

Viable Option for Financing Nigeria's Budget Deficit

THISDAY Newspapers - 9 hours ago
Nigeria, Africa's second biggest oil producer and home to about 78 million Muslims, will contend with Senegal, Egypt and South Africa in seeking to explore the Islamic finance industry. Chief Executive, Personal and Business Banking at Standard Bank ...and...

Gigaba addresses entrepreneurs at the South Regional Business Fair

South African Broadcasting Corporation - 10 hours ago
"It's important that white people in South Africa understand that radical economic transformation will benefit them and if it doesn't happen then I'm afraid that black people will become tired and take the law into their own hands, and take the land ...and...

News24 #GuptaLeaks: Guptas spied on Manuel, Malema and bank bosses

Daily Maverick - 12 hours ago
Emails and documents obtained through the #GuptaLeaks showed how the family spied on prominent South Africans, including former finance minister Trevor Manuel; his wife and Absa CEO Maria Ramos; EFF leader Julius Malema and FirstRand bosses ...and...

SA's central bank row points to dangerous levels of intolerance

South African Broadcasting Corporation - 21 hours ago
What kind of financial system is sure to collapse if the central bank cares about people's well-being? The recommendation by South Africa's Public Protector that the Reserve Bank's mandate change, says much about Busisiwe Mkhwebane, none of it flattering.and...

The R28 trillion reason why you shouldn't cut back on your insurance during the recession

BusinessTech - 23 hours ago
Facing the recession, more South Africans are looking to cancel their insurance policies as a means of alleviating financial pressure. However by doing so, they risk further widening the already massive insurance gap, warn some of South Africa's top ...and...

Life cover shortfall reaches R28 trillion | IOL

Independent Online - 1 day ago
The families of most South Africans will not be able to maintain their standard of living if the breadwinner dies prematurely.and...

Your questions answered

Independent Online - 1 day ago
Graham Lovely, a financial adviser at PSG Wealth Rondebosch, Cape Town, responds: We need to understand the position in South Africa before we discuss the impact of death taxes on investments in the US and UK. At death, South African residents...

Cancer accounts for over 60% of critical illness claims by women

Independent Online - 1 day ago
Critical illnesses such as cancer and heart disease are widespread among women in South Africa. In addition to the physical and emotional burden that comes with being diagnosed with a dread disease, many of these women face unexpected...

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Reviewing East West Bancorp (EWBC) & Banco Latinoamericano de Comercio Exterior, (BLX)

The Cerbat Gem - 3 hours ago
Banco Latinoamericano de Comercio Exterior, logo Banco Latinoamericano de Comercio Exterior, S.A. (the Bank) is a specialized multinational bank. The Bank is established to support the financing of trade and economic integration in Latin America and ...and...

The Popular, Inc. (BPOP) Shares Bought by Credit Agricole SA

BangaloreWeekly - 3 hours ago
DUPONT CAPITAL MANAGEMENT Corp now owns 107,300 shares of the bank's stock worth $4,370,000 after buying an additional 34,589 shares during the period. Renaissance Technologies LLC increased its position in shares of Popular by 5.9% in the ...and...

Banco Santander, SA (SAN) Shares Bought by US Bancorp DE

Sports Perspectives - 3 hours ago
US Bancorp DE increased its stake in shares of Banco Santander, S.A. (NYSE:SAN) by 6.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 111,604 shares of the bank's ...and...

Mubadala, Etisalat Foreign Directors May Face Criminal Charges over Unpaid Loans

THISDAY Newspapers - 4 hours ago
According to inside sources, the charges stem from the fact that they borrowed money from Nigerian banks, gave guarantees as foreign directors of Etisalat Nigeria, obtained facilities when they knew they had no intention of paying following their ...and...

Aust Conservatives to reject bank tax

SBS - 4 hours ago
The Australian Conservatives will call for a rejection of the South Australian government's controversial bank tax, arguing it will inevitably be passed on to consumers. South Australian MLC Dennis Hood described the additional tax as a "time bomb" and ...and...

Australian Conservative Party to introduce legislation to strike down controversial bank levy

The Advertiser - 5 hours ago
Mr Hood labelled the tax, to be levied on the big four banks and Macquarie Group, as a “lazy” and “unnecessary” policy which would stifle investment in SA. He urged the Liberal and Nick Xenophon Team parties to support removing the tax measure — which ...and...

JP Morgan Chase & Co Analysts Give Banco Santander, SA (SAN) a €6.70 Price Target

Chaffey Breeze - 5 hours ago
Banco Santander, SA is a retail and commercial bank. The Banks segments include Continental Europe, the United Kingdom, Latin America and the United States. The Continental Europe segment covers all businesses in the Continental Europe. The United ...and...

Morrison goes easy on SA state bank levy

Corowa Free Press (press release) (registration) (blog) - 8 hours ago
South Australia's decision to issue its own levy on banks raises some reasonable questions, the federal treasurer has said. Scott Morrison said it was up to South Australian Treasurer Tom Koutsantonis to explain the legality of the measures and how ...and...

Banco Bilbao Vizcaya Argentaria, SA (NYSE:BBVA) Runs -1.34% For the Week

AppsforPCdaily - 10 hours ago
Comerica Bank increased its stake in Banco Bilbao Vizcaya Argentaria SA (NASDAQ:BBVA) by 2.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). Chickasaw Capital Management LLC ...and...

State bank tax in mix, says WA Premier Mark McGowan

Perth Now - 17 hours ago
Under the SA proposal, the banks would be taxed a quarterly levy of 0.015 per cent on bonds and deposits over$250,000. The shock announcement infuriated the banks, with Westpac-owned BankSA putting on ice plans to create 150 jobs in Adelaide.and...

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Gupta-owned Oakbay Resources suspends trading on its shares

SowetanLIVE - 1 day ago
... the chairman of the company's audit committee) has created significant uncertainty around the ability of Oakbay Resources to continue to meet its future obligations in terms of the listings requirements‚” the company announced in the Stock Exchange ...and...

JSE puts Gupta-owned Oakbay on ice, listing voluntarily suspended as human capital runs dry

BizNews - 1 day ago
Cape Town – The Johannesburg Stock Exchange agreed to a request by Gupta-owned Oakbay Energy and Resources for a voluntary suspension of the listing of its securities, it announced on Friday. The news followed a warning by the JSE that it was ...and...

JSE grants request by Gupta-owned firm for voluntary suspension

Eyewitness News - 2 days ago
The Oakbay board says it's in the best interests of the company and shareholders that the listing of its securities is temporarily suspended.and...

Guptas' Oakbay delists from JSE

East Coast Radio - 2 days ago
The Gupta-owned business, Oak Bay Resources, has announced that the Johannesburg Stock Exchange (JSE) has granted a request for a voluntary suspension of the listing of its securities. According to the company the suspension is only a temporary ...and...

Gupta family's Oakbay faces JSE suspension

Times LIVE - 2 days ago
Oakbay Resources and Energy Ltd., a mining company controlled by the Gupta family, faces possible suspension by the Johannesburg Stock Exchange after being dropped by both its transfer secretary and sponsor. Oakbay Resources and Energy Ltd. was ...and...

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