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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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  • Ryanair looking for pilots in SA

    09 February 2018 6:01 PM 35

    The Irish carrier will host roadshows in Johannesburg and Cape Town later this month and is looking to hire captains for Boeing 737s, according to an advertisement on its website. Successful candidates will relocate to Europe and help staff a fleet that’s expected to increase to 580 planes from about 425 over the next six years. Air Line Pilots’ Association

  • Investors cheer Harmony's profit forecast

    09 February 2018 2:25 PM 37

    Cape Town - Investors piled into Harmony Gold [JSE:HAR] shares after the gold miner said it expects profits to jump by up to 60%. The share price rallied almost 10% after the company said in a trade update on Friday that it expected headline earnings and headline earnings per share, the main profit gauge in South Africa, could be between 40% and 60% higher

  • Rand leads advance among peers as Zexit talks intensify

    09 February 2018 12:36 PM 47

    Johannesburg - The rand led emerging-market currency gains against the dollar as reports of a meeting by top officials of the ruling African National Congress fuelled speculation Jacob Zuma’s days as president are numbered. The currency climbed as much as 0.9% before paring the gain to trade 0.41% stronger at R12.12 to the dollar by 14:33 in Johannesburg

  • Sub-Saharan Africa may miss out on demographic dividend

    09 February 2018 8:32 AM 33

    “Some low-income countries - especially in Sub-Saharan Africa - saw a decline in per capita wealth as rapid population growth outpaced investment. “Although the growth of wealth from 1995 to 2014 in many Sub-Saharan African countries matched that of other regions, the growth was not sufficient to keep up with relatively high population growth in some of them. "Countries

  • Treasury contractor suspended over R150 bribe

    08 February 2018 8:00 PM 34

    Cape Town - National Treasury has suspended an employee of one of its service providers for seeking a R150 bribe at its Pretoria Office. “The implicated individual is employed by a service provider for the National Treasury that is contracted to manage and run the Gauteng walk-in centre of the Central Supplier Database (CSD). The individual has since

  • 'Flawless' white diamond could fetch over $33m

    08 February 2018 7:11 PM 34

    London - A white diamond billed as the largest and purest of its type to come to market is expected to sell for well over $33m. Sotheby's auction house says the 102.34-carat gem mined in Botswana "is the only known round brilliant-cut diamond over 100 carats perfect according to every critical criterion" — carats, colour, clarity and cut. Sotheby's diamond

  • MTN aims for $500m from Nigeria share sale

    07 February 2018 6:17 PM 51

    Johannesburg - MTN plans to raise about $500m from the sale of shares in its Nigerian business during the first half of the year, fulfilling the terms of a deal struck with the West African nation to settle a record fine, according to people familiar with the matter. Standard Bank and Citigroup have been advising Africa’s largest mobile phone company

  • French bank said to auction off R2.2bn in Steinhoff debt

    07 February 2018 3:00 PM 46

    London - Natixis SA is auctioning Steinhoff International Holdings debt, days after Commerzbank AG joined lenders cutting exposure to the troubled retailer, according to people familiar with the matter. The French bank will sell at least €150m (R2.2bn) of debt in an auction starting at 3 pm in London, according to the people, who asked not to identified

  • Amplats sees 95% earnings growth on strong operational performance

    06 February 2018 8:00 PM 52

    Harare - Anglo American Platinum [JSE:AMS] says its results for the year to end-December 2017, set for release on February 19 2018, will show earnings growth of about 100%. In a statement released on Tuesday, Amplats said headline earnings and headline earnings per share (Heps) for the period are likely to increase to between R3.65bn and R4.00bn higher

  • Sasol's upgraded R13.6bn wax plant to boost SA's industrialisation

    06 February 2018 3:11 PM 44

    Johannesburg - Sasol’s new improved R13.6bn wax plant in Sasolburg will make South Africa one of the world’s leading wax producers. It is also set to drive the country's industrialisation strategy. The project is one of South Africa’s largest capital investment projects currently. Sasol inaugurated the full completion of the project on Tuesday. Phase