Any merger of global commodities trader Glencore and mining group Xstrata would have consequences for South Africa and the local mining industry.
Glencore, one of the largest privately owned firms, has a significant local coal trading position and Xstrata, headed by South African Mick Davis, has major coal, platinum and ferrochrome mining interests in South Africa.
A [...]
Verimark chief executive Mike van Straaten is very excited. The company is expecting its headline earnings per share for the year ended February to be at least 9.3 cents as opposed to a basic loss of 3.4 cents per share in the previous year.
How Van Straaten managed to do it, just a few months after trying to [...]
Pioneer Foods is “really sorry” about its role in the bread cartel case from 1999 to 2006. The company was the only one of four other groups which chose to fight the competition commission with all it had.
About two weeks ago, the competition tribunal levied a fine of close to R200 million on the group for [...]
Is President Jacob Zuma’s private life in the public interest? Financial reporter Francois Williams of Sake24 thinks so. And I agree with him. If we can’t judge someone by the content of their character, then how are we, the public, supposed to know to what extent talks of moral regeneration are cumulonimbus clouds of rhetoric in the first place?
Actions speak louder than [...]
There’s something in Nando’s chicken that makes it really addictive. That could be what the owner in the Democratic Republic of the Congo believes, because he is planning to open up at least 30 new stores there in the next six years.
Nando’s opened their first store in Kinshasa eight months ago and are doing relatively well, but the [...]