SAA needs state cash to renew its fleet — Gigaba Business Day | South African Airways (SAA) needed to be recapitalised by the state to allow it to renew its fleet of aircraft and roll out its African aviation strategy, Public Enterprises Minister Malusi Gigaba said yesterday. | The strategy, which is scheduled to be submitted to Cabinet next month, would targe...
Ethiopian Airlines ignores turbulence to focus on growth Business Day | IGNORING the furious winds buffeting the global aviation industry, 66-year-old Ethiopian Airlines is investing more than $2,6bn to ensure it capitalises on its location and the ever-increasing interest in Africa from emerging-market giants such as China, India and Brazil. | Ethiopian will be the f...
PPC expects more competition in tough market Business Day | PAUL Stuiver is CEO of Pretoria Portland Cement (PPC), the cement manufacturer. | SUMMIT TV: PPC is looking healthier operationally but the interim results confirm that doing business in South Africa is not for the faint-hearted, with spiralling fu...
PPC sales slip, revenue up 8% Business Day | PRETORIA Portland Cement (PPC) saw sales volumes slip 3% in the half-year ended March, mainly on weak demand from Botswana and the Western Cape. | But overall group revenue rose 8% from the same period last year, on positive pricing of cement and l...
No hurry to probe R169m construction tender Business Day | TWO years on and a commission of inquiry into an alleged R169m fraudulent construction tender to Bombe Chitey by Ithala Development Corporation has not yet been appointed, despite demands from opposition parties. | In spite of resolutions by KwaZul...
Investec takes punishment in the market Business Day | SHARES in specialist bank and asset manager Investec dipped to its lowest levels in more than seven months yesterday after posting disappointing annual results. | Investec plc’s share price fell 2,71% to R42,37 and Investec Limited’s price fell...
SAA not asking for a bailout, says CEO Independent online When SAA recently asked the government for “proper capitalisation”, it was not asking for a bailout, chief executive Siza Mzimela said in Durban on Monday. | While the national airline had money, it needed to raise the necessary capital t...
Comair-TradePort deal falls through Independent online The ambitious agreement signed between Dube TradePort and private airline Comair to link Durban’s King Shaka International Airport directly to London and several African cities had come to nothing a year after the plan was announced at Indaba l...
‘Malema owes R15m in tax’ Independent online Former ANC Youth League president Julius Malema's family trust owes R15 million to the SA Revenue Service, the Sunday Independent reported. | The company On-Point Engineers, which is partly owned by the trust, owed a further R3 million in tax. | Howe...
Auction boss back in Cape Town Independent online | Disgraced former Auction Alliance chief executive officer Rael Levitt has denied he pretended some of SA’s wealthiest businessmen were competing against billionaire wine farmer Wendy Appelbaum during the controversial fake auction he h...
ICC board proposes Dave Richardson as CEO Newstrack India | Dubai, May 10 (IANS) The International Cricket Council (ICC) Board has proposed its General Manager (Cricket) Dave Richardson for the post of chief executive. | The board has decided to recommend to the ICC Annual Conference that Richardson, ...
Sony posts record full-year loss Al Jazeera | Japanese electronics giant Sony posted a record full-year loss of $5.7bn, but vowed it would return to profit this year as it embarks on a huge restructuring plan. | Sony, which is struggling to stem losses at its television division, said on ...
New CEO for VWV Group All Africa [Biz-Community] South African brand experience agency, the VWV Group, has appointed Kingsley Potter as its new CEO effective this month. This follows the departure of Abey Mokgwatsane who left the company in November to join Ogilvy. | ...
Zille speech interrupted Independent online DA leader Helen Zille was interrupted while speaking at a protest against Cosatu over the youth wage subsidy when violence erupted in Johannesburg on Tuesday. | Tension was in the air as she took the microphone in the city centre. | The louder she spoke, the louder chants from Congress of SA Trade Union (Cosatu) supporters at the event became. At s...
