Business News 5.11.2018 05:08 pm

AfDB looks to plug Africa’s finance gap in Africa Investment Forum

The African Development Bank wants to ensure the forum becomes Africa’s key springboard for investment.

The African Development Bank (AfDB) said on Monday that it wanted to facilitate investment drives to plug the urgent need to bridge the gap between Africa's available capital and bankable projects.

AfDB looks to plug Africa’s finance gap in Africa Investment Forum
AfDB looks to plug Africa’s finance gap in Africa Investment Forum

AfDB looks to plug Africa’s finance gap in Africa Investment Forum

The African Development Bank wants to ensure the forum becomes Africa’s key springboard for investment.

SAA will not shut down, says Magashule
Business

SAA will not shut down, says Magashule

The secretary-general says the party will focus on ‘decisively tackling’ the challenges besetting the national carrier.
US backs SA efforts to market foreign film, TV
Business

US backs SA efforts to market foreign film, TV

The US companies and their association expressed support for the transformation objectives of the incentive programme.
Priority is to stabilise SAA and reduce costs, says public enterprises ministry
Business

Priority is to stabilise SAA and reduce costs, says public enterprises ministry

The ministry aims to stabilise SAA financially, and turn it into a financially and operationally sustainable airline.
ANC NEC commits to unity, economic recovery
Business

ANC NEC commits to unity, economic recovery

Regarding corruption and restoring integrity, the committee affirmed its dismay with the impact of the VBS Mutual Bank issues.
Davies arrives in China for inaugural international import expo
Business

Davies arrives in China for inaugural international import expo

Total trade between SA and China grew from R205 billion in 2012 to R318 billion by the end of 2017.
The lessons that must be learnt from the collapse of VBS bank
Business

The lessons that must be learnt from the collapse of VBS bank

Audit reports will now need to be treated with a degree of circumspection, and even suspicion.
Cosatu: Mboweni ‘a raving street corner derelict’ obeying ‘neoliberal overlords’
Business

Cosatu: Mboweni ‘a raving street corner derelict’ obeying ‘neoliberal overlords’

The labour federation is not impressed at the idea that the loss-making SAA should be shuttered.
Vodacom, Cell C, Telkom, and MTN accused of stealing from SA customers
Business

Vodacom, Cell C, Telkom, and MTN accused of stealing from SA customers

A campaign describes the illegal charging of customers as ‘possibly the greatest theft’ committed against the SA population.
Ramaphosa declares investment strike over in SA
Business

Ramaphosa declares investment strike over in SA

President Cyril Ramaphosa on Thursday proclaimed the end of what he characterised as a nine-year impasse between government and private sector. 
Oil, gas deposits discovered in Zim
Africa

Oil, gas deposits discovered in Zim

The deposits were discovered after a study carried out by an Australian company, Invictus Energy Limited.
The safety of brands online a matter of good business practice, says industry body
Business

The safety of brands online a matter of good business practice, says industry body

‘When brand safety is managed proactively and collectively, the power of digital to deliver business impact is exponential’
Ramaphosa’s game-changing moment?
Business

Ramaphosa’s game-changing moment?

South Africa’s own economic revolution may be in motion.
SA still looking into whether fuel price can be capped
Business News

SA still looking into whether fuel price can be capped

Minister of Energy Jeff Radebe told parliament we can expect a report on whether the price of petrol can be capped next year.
African business leaders bound for investment summit in Cape Town
Business News

African business leaders bound for investment summit in Cape Town

Speakers to the summit include, among others, investors, business leaders and experts.
Motsepe’s company scores big in Sanlam’s BEE share increase deal
Business

Motsepe’s company scores big in Sanlam’s BEE share increase deal

The group plans to provide a R2 billion facility to Ubuntu-Botho or its subsidiaries to support the execution of its empowerment strategy. 
SA’s gambling revenue surges to R18.5bn
Business

SA’s gambling revenue surges to R18.5bn

But illegal casinos remain a concern for the industry.
Investors no longer care just about making money
Business

Investors no longer care just about making money

They want to know how asset managers are making that money for them.
Trump and Co keen to sell their agricultural products here
Business

Trump and Co keen to sell their agricultural products here

A delegation wants to grow the US’s market share and cultivate new customers for ‘high-quality, cost-competitive US food and farm products’.
Sars clarifies its stance on medical expense claims
Business

Sars clarifies its stance on medical expense claims

After complaints that tax credits for out-of-pocket expenses were disallowed.
The beginning of the end of Eskom’s monopoly
Business

The beginning of the end of Eskom’s monopoly

DA to revive bill that will ease the power utility’s stranglehold.
Africa, EU talk trade after Brexit
Business

Africa, EU talk trade after Brexit

During the summit, German investors will present flagship projects currently undertaken in African countries.
KPMG disappointed by losing Nedbank as client
Business

KPMG disappointed by losing Nedbank as client

Earlier this month, the company announced the CEO was stepping down and it would seek an external head to spearhead the quest to repair its reputation.
Sars reminds taxpayers to file returns before Wednesday
Business

Sars reminds taxpayers to file returns before Wednesday

People who miss the deadline could face administrative penalties from between R250 to R15 000.
Lonmin says it is a victim of vexatious litigation
Business

Lonmin says it is a victim of vexatious litigation

The Mining Forum has applied for the company’s mining licence to be suspended, but the company says they are confused.
British Airways starts new London-Joburg services
Business

British Airways starts new London-Joburg services

The airline is also again increasing its daily winter Cape Town schedule to provide double-daily summer flights from London.

 

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