Discovery buys Sandton head office building from Growthpoint for R4bn
Financial services firm Discovery has moved to acquire part of its Sandton head office at R4-billion, while cancelling the lease of the second phase. The Grove and... Read more.
Retail chain Boxer gains market share in difficult consumer climate
Boxer Retail has delivered steady sales growth in the first three quarters of its financial year. This comes as the discount grocery chain navigated a difficult... Read more.
Phakamile Hlubi-Majola moves to MISA after Numsa exit amid death threats
Unionist Phakamile Hlubi-Majola has found a new home at the Motor Industry Staff Association (MISA) after a recent departure from the National Union of Metalworkers... Read more.
Debt crisis overwhelms high-earners, older people the most affected
South Africa’s higher earners group is facing severe financial strain as debt servicing has reached unsustainable levels. These findings are contained in DebtBusters’... Read more.
Student finalists named in Nedbank, Old Mutual Budget Speech contest
Nedbank and Old Mutual have announced the finalists of the 54th Nedbank and Old Mutual Budget Speech Competition. This year’s shortlist includes 20 students, made... Read more.
Vodacom Group records R43.9bn in Q3 revenue growth
Strong demand for mobile data, digital services and financial products has driven up revenues for telecommunications giant Vodacom in the third quarter ended last... Read more.
Higher PGM prices set to lift Implats profits
Mining giant Impala Platinum Holdings (Implats) has given a signal of sharp recovery in earnings ahead of the half-year results to be released next month. In a trading... Read more.
Mpact’s plan to close Springs Paper Mill puts 377 jobs in jeopardy
Paper and plastic packaging group Mpact has announced plans to shut down its Springs Paper Mill, a move that could leave 377 workers without jobs next month. The... Read more.
Sanlam transfers R400bn assets to Ninety One to seal long-term deal
Sanlam Investments and Ninety One have sealed a long-term strategic partnership as leading asset managers. Carl Roothman, Sanlam Investments CEO, said nearly R400-billion... Read more.
Vodacom’s R85bn investment plan tops Nedbank’s capital expenditure projects
Nedbank’s annual capital expenditure (capex) listings have revealed that Vodacom has emerged as the leading private investor in planned fixed investment projects.... Read more.
