Aveng to sell non-core assets after strategic review

The decision to sell shares in Aveng Water and Aveng Namibia Water are part of a plan to become an international group.

South African conglomerate Aveng said on Friday it had entered into a sale and purchase agreement with Infinity Partners for the sale of the shares in Aveng Water and the Aveng Namibia Water business.

Aveng to sell non-core assets after strategic review
Aveng to sell non-core assets after strategic review

Aveng to sell non-core assets after strategic review

The decision to sell shares in Aveng Water and Aveng Namibia Water are part of a plan to become an international group.

The party is most definitely over for SA retail

The party is most definitely over for SA retail

The first updates for 2019 do not bode well for investors.
Davos assembly faces Brazilian populism and Brexit

Davos assembly faces Brazilian populism and Brexit

Government and business leaders trek to the freezing Swiss Alps next week for the annual Davos conclave, taking heat from a populist wave encapsulated in Brazil’s new far-right leader, trade conflicts and the looming onset of Brexit.
House Republicans join rebuke of Trump for easing Russia sanctions

House Republicans join rebuke of Trump for easing Russia sanctions

More than 130 US House Republicans joined Democrats in opposing the easing of sanctions against an ally of Russia’s Vladimir Putin.
DTI to launch R81m black-owned industrialist textile firm in KZN

DTI to launch R81m black-owned industrialist textile firm in KZN

African Bespoke Apparel was approved a funding grant of R35.5 million by DTI’s Black Industrial Scheme (BIS).
SA Reserve Bank leaves repo rate unchanged

SA Reserve Bank leaves repo rate unchanged

The repo rate is the benchmark interest rate at which the central bank lends money to other banks. 
How to halve your home loan term

How to halve your home loan term

Disciplined additional payments make a big difference.
Three things to watch out for in Monetary Policy Committee decision

Three things to watch out for in Monetary Policy Committee decision

The World Bank recently cut South Africa’s growth forecast for 2019 to 1.3% from an earlier 1.8%.
SA central bank expected to keep rates steady after November hike

SA central bank expected to keep rates steady after November hike

The SARB is unlikely to raise interest rates in January, despite three further interest rate hikes suggested to take place by the end of 2020.
Woolworths staff banned from handling customer cards

Woolworths staff banned from handling customer cards

The new restriction comes as part of a roll-out of the new point-of-sale devices implemented at the stores to mitigate card fraud.
Nzimande blasts Prasa for underspending by R20bn – money that could’ve saved lives

Nzimande blasts Prasa for underspending by R20bn – money that could’ve saved lives

The minister criticised the rail agency while visiting six orphans who lost their parents in the recent Pretoria crash.
Tobacco war heats up over whether it’s true Sars is being robbed

Tobacco war heats up over whether it’s true Sars is being robbed

Targeted harassment is the latest tactic in the war between the Fair-Trade Independent Tobacco Association (Fita) and the Tobacco Institute of South Africa (Tisa).
Black Management Forum ‘delighted’ as Sanlam appoints Sydney Mbhele as CEO

Black Management Forum ‘delighted’ as Sanlam appoints Sydney Mbhele as CEO

The BMF congratulated Mbhele and pledged its support to him in his new role.
Goldman Sachs CEO apologizes to Malaysia over 1MDB

Goldman Sachs CEO apologizes to Malaysia over 1MDB

The head of Goldman Sachs on Wednesday apologized to Malaysia for a Goldman partner’s role in the 1MDB scandal even as he defended the firm as a whole.

Team SA ready to present improved investment proposition at WEF

Ramaphosa addressed a pre-World Economic Forum breakfast in Rosebank on Wednesday.
Sibanye suffers another setback in Amcu court battle

Sibanye suffers another setback in Amcu court battle

The union claims the miner is trying to join forces with their opposition, the National Union Mineworkers.
Global money transfer service hits SA shores

Global money transfer service hits SA shores

The WorldRemit platform will allow customers to make quick, secure, and low-cost digital money transfers directly from their phones.
The three stocks that have defied the JSE’s stagnation

The three stocks that have defied the JSE’s stagnation

Companies enjoying success in the JSE have demonstrated an ability to evolve and transform themselves.
SARB’s independence to remain untouched, says Ramaphosa

SARB’s independence to remain untouched, says Ramaphosa

Ace Magashule said the controversial move to nationalise the Reserve Bank would be implemented in the next five years.
Tragic data shows capital fleeing along with jobs

Tragic data shows capital fleeing along with jobs

The big exporters of capital are generally rich countries with a high standard of living – so why is South Africa in this mix?
Taxpayers cough up billions for Gautrain, while shareholders rake in massive profits

Taxpayers cough up billions for Gautrain, while shareholders rake in massive profits

For a government organisation that needs R100 million a month from taxpayers to prop it up, Gautrain shareholders have been making a tidy profit.
Pound holds its ground after May’s Brexit battering

Pound holds its ground after May’s Brexit battering

The pound edged down Wednesday after the record defeat of British Prime Minister Theresa May’s Brexit plan but mostly held its ground as investors consider the next likely developments in the long-running saga.
Bolsonaro to headline Davos in Trump’s absence

Bolsonaro to headline Davos in Trump’s absence

Brazil’s new far-right President Jair Bolsonaro is expected to be the star attraction at this year’s Davos Forum, taking place next week at a time of “profound global instability”, according to organisers.
WATCH: Close shave: Gillette ad sparks online controversy

WATCH: Close shave: Gillette ad sparks online controversy

A commercial for the Gillette razor brand that supported #MeToo movement and called on men to change their behavior has triggered a heated controversy online.
Project Halo denies allegations of favouritism in bid to acquire Gupta mines

Project Halo denies allegations of favouritism in bid to acquire Gupta mines

They also distanced themselves from allegations that the company was linked to the Gupta family.

 

 

 

 

 

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