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Photo, Video

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

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

157

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

113

06:25 WATCH: Putting the squeeze on the wealthy

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Business

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  • Steinhoff: Immediate liquidity needs 'largely addressed'

    26 January 2018 4:57 PM 54

    The troubled South African retail group has arranged new credit lines for units in the UK, US and France as well as agreeing a restructuring of its Austrian division, it said in a presentation published on its website. The announcement came after a meeting with creditors in London on Friday to discuss progress stabilising the business since it uncovered

  • Why SA wine industry is losing out on opportunities

    24 January 2018 7:55 PM 40

    Cape Town - While the trend in the retail sector is for retailers and distributors to consolidate to obtain economies of scale, there remains producer fragmentation in the SA wine industry, according to Mike Ratcliffe of Warwick Wine Estate near Stellenbosch. "South Africa is not recognised as a hub for wine consolidation. I think the SA wine industry

  • SA CEOs lose more sleep over economic woes than global peers

    24 January 2018 4:53 PM 113

    Johannesburg - Only 22% of CEOs in South Africa are “very confident” of their own company’s growth in the next 12 months, according to PwC’s 21st CEO survey. The annual survey is based on interviews with 1 293 CEOs from 85 countries and 41 CEOs in South Africa were interviewed. The findings were shared at a press briefing in Johannesburg on Wednesday

  • Inflation for 2017 remains within the target band

    24 January 2018 8:30 AM 37

    Cape Town – The average annual consumer price inflation was 5.3% for 2017 - still within the 3% to 6% target band. According to data from Statistics South Africa released on Wednesday, inflation for December was 4.7%, up from 4.6% reported in November. For the monthly inflation, contributors were food and non-alcoholic beverages with 0.1 of a percentage

  • Steinhoff raises R7.1bn from sale of PSG shares

    23 January 2018 5:44 AM 38

    Johannesburg - Steinhoff International raised R7.1bn billion of shares in South African financial services firm PSG, the latest in a line of disposals aimed at shoring up the retailer’s battered balance sheet. The owner of Mattress Firm in the U.S. and Poundland in the UK placed almost 29.5 million shares in Stellenbosch, South Africa-based PSG with institutional

  • Tourism income from camping sites almost doubles

    22 January 2018 8:00 PM 42

    Cape Town - The tourism sector's income from caravan parks and camping sites almost doubled in November, the latest statistics from Statistics South Africa (Stats SA) showed. Stats SA released its preliminary tourist accommodation data for November 2017 on Monday. The results of the report are derived from a monthly survey of the tourist accommodation

  • Lesotho mine scores again with 149 carat diamond find

    22 January 2018 12:01 PM 45

    Cape Town – Since discovering a 910 carat gem diamond just last week, Gem Diamonds has recovered another large high quality diamond. The diamond, a 149 carat D colour Type IIa diamond, was recovered at the Letšeng mine in Lesotho, Gem Diamonds said in a statement issued on Monday. “This is the fourth high quality diamond of over 100 carats recovered

  • Vodacom restores connectivity after call glitch

    19 January 2018 9:43 AM 37

    Johannesburg - Vodacom said it has resolved issues which plagued its network in Gauteng, affecting customers' calls on Friday morning. Vodacom spokesperson Byron Kennedy told Fin24 just after 10:00 that the network had been down for around an hour and that connectivity had since been restored. Fin24 understands the mobile phone network was not working

  • JUST IN: Reserve Bank Governor to steer International and Monetary Finance Committee

    18 January 2018 4:32 PM 52

    Cape Town – Reserve Bank Governor Lesetja Kganyago has been appointed chair of the International Monetary and Financial Committee (IMFC). The Reserve Bank made the announcement in a statement on Thursday afternoon. Kganyago will serve as chair of the committee for a three-year term, effective from January 18, according to the statement. The IMFC consists

  • Humans will review video from most popular YouTube creators

    18 January 2018 12:14 PM 47

    New York - Google says humans will now review video from its most popular YouTube creators after recent complaints. The videos being targeted are ones Google packages to advertisers as "preferred" content. While Google has had human reviewers before, it relies heavily on software to flag potential problems. YouTube was criticized for moving too slowly