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51-60 results from 150 for query «financials»

29 November 2015 1:00 PM Troubled SAA has burnt through billions

Financial statements that SAA was hoping to keep secret until early next year show just how dire the situation at the troubled national carrier was earlier this year. SAA’s financial statements for the year ending March 31 2015 are only expected to be released in January, but an extract of the financials given to City Press on Friday appears to show that the company’s 15

22 October 2015 5:28 PM Why MTN hates WhatsApp

If you do a little digging, it becomes clear why mobile networks in South Africa feel so threatened by WhatsApp. MTN South Africa boss Mteto Nyati has called on industry regulator Icasa to “level the playing field” between operators and over-the-top (OTT) services like WhatsApp. “You have these players which are getting huge benefit out of an industry 11

18 October 2015 1:03 PM Slowdown in outbound M&A activity in sub-Saharan Africa

The value of announced merger and acquisition (M&A) transactions with any sub-Saharan African involvement reached US$23.4 billion during the first nine months of 2015‚ 12% more than the value registered during the same period in 2014. This is according to Thompson Reuters latest quarterly investment banking analysis for the sub-Saharan region. The report 13

16 October 2015 6:45 PM Give public protector more money

Mbuyiseni Ndlozi told the committee the critical reason why the financials of the Public Protector were not in order was because they did not have adequate funding.(SABC) The public protector's office needs more money to carry out its mandate and get its financials in order, or else government is setting them up to fail. The Office of the Public Protector 14

13 October 2015 6:37 PM JSE closes up on SABMiller deal, while renewed jitters over China jolt markets

THE JSE closed firmer on Tuesday as SABMiller jumped nearly 10% on the Anheuser-Busch InBev deal, while global markets fell on renewed concern over China’s growth prospects. Industrials saved the day as SABMiller closed 9.97% higher at R805 after AB InBev upped its takeover bid to £44 per share in cash, effectively valuing SABMiller at about R900 per share 20

28 August 2015 9:12 AM Facebook sees a billion users in a single day

Facebook boasted of a new achievement with a billion people using the leading social network in a single day. "We just passed an important milestone," chief executive and co-founder Mark Zuckerberg said in a post on his Facebook page. "On Monday, 1 in 7 people on Earth used Facebook to connect with their friends and family." It was the first time that a billion 12

20 July 2015 11:38 AM News24 Exclusive: How Zuma-linked charities flout the rules

Jeff Wicks and Amanda Khoza, News24 Durban - Non-profit organisations run by President Jacob Zuma's immediate family - including his four wives - have not filed financial reports in years, a breach of the law which effectively keeps any income and expenditure by the trusts from public scrutiny. Most donor and funding agencies require registration as a non-profit 28

01 July 2015 8:40 AM Golden handshakes: Taxpayers to feel the burn?

Johannesburg - South Africans will have to wait a little more than a year to find out the size of the payouts to Eskom’s former boss Tshediso Matona and two other top executives. An interest by active citizens in Eskom’s finances in these times of regular load shedding is not misplaced. While Eskom’s bid for another 2015 electricity tariff hike this week was unsuccessful 13

12 June 2015 3:50 AM Major changes at African Bank: Tom Winterboer – curator, African Bank

‘The good news is that we believe [the bank is] stable at the moment.’ SIKI MGABADELI: Failed unsecured lender African Bank Limited has reported a R9.3bn loss for the 12 months to September 2014, and a 58% increase on its restated R5.9bn loss for the 2013 financial year. African Bank was placed under curatorship by the Reserve Bank on August 10 last year, days after 22

18 May 2015 7:25 AM Alibaba: Kering lawsuit has no basis

Hong Kong - Alibaba Group Holding Ltd, China’s largest e-commerce operator, rejected claims in a lawsuit by Kering SA that it facilitates the sale of counterfeit merchandise. Kering said Alibaba profited from the sale of goods that infringe on its brands, including Gucci and Yves Saint Laurent, according to the suit filed Friday in the US District Court 16 1