Business News 26.5.2017 09:16 pm

Businesses should contribute positively to communities – head of citizenship at Barclays Africa

African businesses have been urged to find ways of creating more value for communities.

Barclays Africa head of citizenship, Sazini Mojapelo, said that businesses have to change their practices and shift focus from extracting value to contributing positively to communities in which they operate.

Businesses should contribute positively to communities – head of citizenship at Barclays Africa
Businesses should contribute positively to communities – head of citizenship at Barclays Africa

Businesses should contribute positively to communities – head of citizenship at Barclays Africa

African businesses have been urged to find ways of creating more value for communities.

Treasury says it is still opposed to Denel Asia joint venture
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Treasury says it is still opposed to Denel Asia joint venture

The Minister of Finance is said to remain opposed to the transaction for reasons stated elaborately in the National Treasury affidavit to court.
Sarb fines Gupta-targeted Habib Overseas Bank
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Sarb fines Gupta-targeted Habib Overseas Bank

Seven banks fined for failure to comply with FICA provisions.
Zuma leading the ‘parasitic bourgeoisie’
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Zuma leading the ‘parasitic bourgeoisie’

More than R10bn channeled to Gupta-linked companies.
Top 5 stocks mask value on JSE’s All Share index
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Top 5 stocks mask value on JSE’s All Share index

But value is still available to diligent stock pickers.
Renewed hope for Edcon’s recovery plan
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Renewed hope for Edcon’s recovery plan

Ex Massmart chief Grant Pattison appointed as CEO, to assemble new board with retail experience.
IDC facilitates R47bn in investment – Patel
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IDC facilitates R47bn in investment – Patel

It was also announced that a market inquiry into high data costs in South Africa is on the horizon.
DStv Media Sales fined R180m after admitting to price fixing
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DStv Media Sales fined R180m after admitting to price fixing

MCC accredited agencies were offered a 16.5 percent discount, while non-members were offered 15 percent.
Coca-Cola announces 726 million litres of water savings
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Coca-Cola announces 726 million litres of water savings

The company announced on Thursday that it had exceeded its target by almost for years and added that by the end of 2016, it had managed a 30 percent reduction in water usage.
SA Reserve Bank leaves repo rate unchanged
Business News

SA Reserve Bank leaves repo rate unchanged

The prime lending rate will also remain unchanged at 10.5 percent.
New strategy pays off for Tiger Brands
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New strategy pays off for Tiger Brands

The company says its encouraged by the results, which saw turnover in domestic business increase by 8% to R14.3bn end March.
Mall of Africa earns top international honours at Viva Awards
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Mall of Africa earns top international honours at Viva Awards

Mall of Africa now holds the honour of being the only mall on the continent to achieve entry in the prestigious Viva global awards.

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