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1-10 results from 1000 for query «cost»

22 May 2018 8:38 AM Woolworths Australian boss John Dixon shown the door

Woolworths regional Australian CEO John Dixon has left the group as the retailer moves to simplify its Australian regional leadership structure. In a shareholder announcement on Tuesday morning Woolworths [JSE:WHL] said that Dixon's position was being axed in the wake of a strategic cost review. Dixon resigned as an executive director on Monday 22

21 May 2018 1:47 PM Rand is back to its bad old ways

Bearish signs are stacking up for South Africa’s rand. Volatility is rising and with it the cost of protecting against a weakening currency, short positioning is soaring and foreigners are fleeing South African bonds at a rate last seen 18 years ago. After outperforming emerging-market peers for much of the year, the rand is falling into line as rising 28

17 May 2018 7:09 AM SAA seeks urgent funding after latest loss

The carrier’s precarious balance sheet is among the most urgent tasks on the to-do list of Finance Minister Nhlanhla Nene, who is already under pressure to revive the country’s own stretched finances. SAA Chief Executive Officer Vuyani Jarana said last month the airline needs R5bn immediately, while looming debt payments next year may require further 24

16 May 2018 3:58 AM Algeria's ailing leader makes rare public appearance

Algeria's president has visited the construction site of the future Great Mosque in Algiers, in a rare public appearance of the 81-year-old ailing leader. Abdelaziz Bouteflika, who has been debilitated by a stroke for years, appeared in television footage in a wheelchair on Tuesday. After praying at a mosque belonging to a religious brotherhood outside 25

11 May 2018 2:25 PM Egypt raises metro fare as part of austerity measures

Egypt's transportation authorities have more than tripled the standard subway fare from $0.11 to up to $0.40 as part of government austerity measures. In a statement, the Transportation Ministry said the new fare will go into effect on Friday. It also said prices will now be affected by the number of stations commuters travel. For example, a round trip of more than 16 stations 30

08 May 2018 11:06 AM Aspen moves production to new R1bn SA plant

Johannesburg - Aspen Pharmacare [JSE:APN] is relocating the production of pharmaceuticals for late-stage cancer, Parkinson’s disease and some auto-immune illnesses to South Africa from regions including Europe. The move will help secure supply as manufacturing of the pharmaceuticals is currently outsourced to other companies, CEO Stephen Saad told reporters 29

07 May 2018 4:18 AM KPMG acknowledges failings at the firm have damaged auditing profession

Johannesburg - KPMG has welcomed the Independent Regulatory Board for Auditors (IRBA) plan to review its turnaround strategy, saying they “acknowledge that failings at the firm have contributed to adverse perceptions about the audit profession”. “The controversy around the industry has undermined public confidence and this needs to be restored through 33

02 May 2018 9:29 AM Court decides in favour of Lewis regarding club fees, extended warranties

Cape Town - The National Credit Act (NCA) does not prevent credit providers from offering the services of a club to consumers, provided these services are not part of the “cost of credit”. This was part of a Gauteng High Court judgment in an appeal by the National Credit Regulator (NCR) in a case against retailer Lewis Group [JSE:LEW]. The NCR initiated 31

26 April 2018 8:02 AM Namibian mobile operator slashes data pricing after SA #DataMustFall protests

Inspired by South African data protests, Namibian mobile operator Paratus has cut its data prices by a massive 80%. The operator announced in a statement that it reduced the cost per gigabyte from N$85 (R85) to N$15 (R15). "According to statistics from Research ICT Solutions (2018), Namibia rates 29th out of 52 African countries with regards to the cheapest 30

23 April 2018 4:30 PM Angola loses first satellite, plans successor

Angola on Monday confirmed the premature death of its first national telecoms satellite, Angosat-1, which was launched in December and was expected to have a working life of 15 years. The Russian-made Angosat-1 struggled with repeated setbacks immediately after its launch from the Baikonur space centre in Kazakhstan. Contact with the satellite was soon lost and never 34