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16:53 SA CEOs lose more sleep over economic woes than global peers

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14:38 Top5 on Fin24: Zuma blasted into space, and SA schools unaware of uniform guidelines

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09:00 PICS: An inside look at the $24m mansion a coffee company heir built

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06:25 WATCH: Putting the squeeze on the wealthy

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Business

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  • 7.6% rise for urban domestics

    25 November 2013 12:50 PM 184

    November 25 2013 at 02:49pm By LIAM JOYCE AND LERATO SIBANDA Durban - Domestic workers can heave a sigh of relief and look forward to loading up their shopping baskets this festive season. The minimum wage increases will come into effect on December 1. It will be an 8.6 percent increase for domestic workers in rural areas and 7.6 percent in urban areas

  • Now MTN cuts int’l call rates

    25 November 2013 12:08 PM 46

    Following price cuts by rival Cell C, MTN is offering its contract customers discounted international calling rates of as low as 75c/minute to certain markets on a promotional basis. The ongoing skirmish between South Africa’s mobile operators over international call rates continued on Monday, with MTN announcing that its contract customers can now make calls

  • Emergency teams continue mine rescue

    25 November 2013 11:31 AM 32

    November 25 2013 at 01:30pm By SAPA Johannesburg - Efforts to rescue four mineworkers trapped in a mine near Robertville on the West Rand were continuing on Monday afternoon, paramedics said. “The City of Johannesburg rescue team, fire-fighters and paramedics are still trying to get them out,” ER24 spokesman Christo Venter said before 12.30pm. “It is believed

  • Pioneer Foods to spin off poultry unit

    25 November 2013 11:20 AM 32

    November 25 2013 at 11:51am Johannesburg - Pioneer Foods Ltd., South Africa’s second-largest food producer by value, said it would spin off its poultry business within 12 months after it wrote down the unit’s value by 232 million rand ($23 million). “This impairment is largely the result of the continued macro challenges in the broiler industry,” the Paarl

  • Eskom urged to exclude Middelburg from loadshedding

    25 November 2013 11:03 AM 32

    Middelburg - Eskom has been urged to exclude the Steve Tshwete local municipality in Middelburg, Mpumalanga, from all future loadshedding measures because its accounts have always been up to date. Eskom imposed loadshedding measures on all municipalities in the country last Tuesday because it had only 32 200MW available to meet a national demand of 30 528MW. The measures

  • Sasol sees strong 2014 profit growth

    25 November 2013 8:41 AM 389

    November 25 2013 at 10:40am Johannesburg - Sasol Ltd., the world’s biggest coal-to-gasoline maker, said it will post “strong” earnings growth for the 2014 financial year due to higher oil and chemical prices and favourable currency swings. Profit in the year to June 30 will probably exceed attributable earnings of 26.3 billion rand ($2.6 billion) the previous

  • state TV

    25 November 2013 7:46 AM 44

    SHANGHAI: Major Chinese property developers owe 3.8 trillion yuan ($623 billion) in unpaid taxes, the state broadcaster said, raising a storm of controversy amid huge sensitivity over high housing prices. In a weekly consumer programme, China Central Television (CCTV) said property firms should have paid more than 4.6 trillion yuan in land taxes from 2005 to 2012, but authorities

  • Emerging Markets boost SAB Miller earnings

    25 November 2013 5:31 AM 50

    SABMiller Plc, (SAB) the world’s second-biggest brewer, reported first-half earnings that exceeded estimates on gains in Latin America and Africa, and said developing markets will continue to drive growth. Earnings before interest, taxes and amortization (Ebita) rose 7 percent in the six months through September, the London-based company said last week. Total

  • German union plans further strikes at Amazon

    25 November 2013 12:52 AM 49

    FRANKFURT (Reuters) - Union Verdi is preparing more strikes to step up pressure on Amazon in Germany, its biggest market outside the United States, in a dispute over pay and conditions, German media reported. Workers at Amazon centers in Bad Hersfeld and Leipzig will walk out for at least one day on Monday, Heiner Reimann of Verdi told daily Stuttgarter

  • Sars won't extend deadline

    24 November 2013 10:35 PM 32

    Rafiq Wagiet | Nov 23rd, 07:34 CAPE TOWN – The South African Revenue Service (Sars) says it will not extend the deadline to submit tax returns. Taxpayers had until 4pm on Friday to file their returns manually and until midnight using the online e–filing system. Sars spokesperson Adrian Lackay says any submissions done now will be considered as late and liable