Business News 12.11.2018 11:56 am

MultiChoice found to have ‘captured’ SABC through ‘merger’

The Competition Commission of South Africa has found that a 2013 deal amounts to a merger allowing MultiChoice to ‘influence’ the public broadcaster.

A ruling by the Competition Commission of South Africa has found that Multichoice was able to "influence the strategic direction" of the SABC through a merger transaction.

MultiChoice found to have ‘captured’ SABC through ‘merger’
MultiChoice found to have ‘captured’ SABC through ‘merger’

MultiChoice found to have ‘captured’ SABC through ‘merger’

The Competition Commission of South Africa has found that a 2013 deal amounts to a merger allowing MultiChoice to ‘influence’ the public broadcaster.

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

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.
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.
Mboweni’s mini budget in a nutshell
Business News

Mboweni’s mini budget in a nutshell

A break-down of our new finance minister’s plan to get the struggling SA economy back on track.
Apple, Samsung fined millions for slowing phones
Business News

Apple, Samsung fined millions for slowing phones

The ruling by Italy’s competition authority sees the two tech giants penalised for ‘planned obsolescence.’
SA has highest youth unemployment in the world
Business News

SA has highest youth unemployment in the world

According to a book published by the Economist, the number of South African young people without jobs is shockingly high.
SA could face another VAT increase, say experts
Business News

SA could face another VAT increase, say experts

Shortfalls in tax revenue could lead to another VAT increase as SA battles through a technical recession.  
‘Green growth’ duo win Nobel Prize for economics
Business News

‘Green growth’ duo win Nobel Prize for economics

Individually, the pair have both developed models that show how innovation and climate policies can be integrated with economic growth.
EFF’s Shivambu fights ‘aggressive tax avoidance’ by big business ‘costing SA billions’
Business News

EFF’s Shivambu fights ‘aggressive tax avoidance’ by big business ‘costing SA billions’

The party’s deputy president wants to help Sars out by bringing a private member’s bill to parliament in a bid to force multinational corporations to pay up.
Britain bans anti-avocado advert
Business News

Britain bans anti-avocado advert

A UK advertising regulator found that the Costa Coffee radio commercial discouraged the selection of fresh fruit.
Israel and Egypt strike a deal over gas
Business News

Israel and Egypt strike a deal over gas

It will be the first time Egypt, which in 1979 became the first Arab country to sign a peace treaty with Israel, imports gas from its neighbour.
Nigeria lowers its voice in dispute with MTN
Africa

Nigeria lowers its voice in dispute with MTN

The cellular giant has been sanctioned by Nigerian authorities, who now say the issue of over R100 billion in dividends will be ‘resolved’. 
Tensions with Zuckerberg send Instagram co-founders packing
Business News

Tensions with Zuckerberg send Instagram co-founders packing

Two of Instagram’s co-founders are leaving the company following a fall out amid growing tensions with Facebook boss Mark Zuckerberg. 
MTN to end free Twitter, users go crazy
Business News

MTN to end free Twitter, users go crazy

Twitter users are understandably unhappy about the cellular giant’s decision to stop offering its customers free Twitter.
Cabinet has approved the new Mining Charter
Business News

Cabinet has approved the new Mining Charter

Ramaphosa will give a detailed address on the controversial document on Friday.
SA economy caught in crossfire of Trump’s trade war with China
Business News

SA economy caught in crossfire of Trump’s trade war with China

South Africa, like other emerging economies, relies on a strong Chinese economy to stimulate our demand for raw materials.
Rain ruins one of Norway’s richest men
Business News

Rain ruins one of Norway’s richest men

Betting the wrong way on the energy market has brought an extremely wealthy Norwegian power trader close to bankruptcy.
Guptas pocketed over R120m from Chinese loan to Transnet
Business News

Guptas pocketed over R120m from Chinese loan to Transnet

The Guptas appear to have benefited from each stage of Transnet’s procurement process.
Net1 CEO on Sassa cards, job cuts and post-Sassa future
Business News

Net1 CEO on Sassa cards, job cuts and post-Sassa future

Herman Kotze explains the company’s plans for when their grant distribution contract comes to an end on September 27.
Engineering CEO keeps his job after ‘sexist’ column
Business News

Engineering CEO keeps his job after ‘sexist’ column

An advocacy group for women in engineering says the SAICE’s response highlights ‘sexism and misogyny’ in the industry.
Trade war sends European markets into the red
Business News

Trade war sends European markets into the red

European markets have taken a knock after the United States said it was looking at more than doubling threatened tariffs on a range of Chinese imports.
Cyril’s land announcement deals blow to economy
Business News

Cyril’s land announcement deals blow to economy

The president says land will be expropriated in a manner that aims to boost the economy. The markets show not everyone believes him.
SA’s richest becoming whiter and more male – report
Business News

SA’s richest becoming whiter and more male – report

The dominance of white men on the list may come as less of a surprise than the fact that this dominance has increased in the past ten years.
Get wise, don’t nationalise, says Kganyago
Business News

Get wise, don’t nationalise, says Kganyago

The Reserve Bank governor said SA could avoid recession and warned against the pitfalls of an ANC resolution to nationalise the central bank.
R1.6m to kickstart quartz mining in Northern Cape
Business News

R1.6m to kickstart quartz mining in Northern Cape

An investment company established by trade union Fedusa will receive a R1.6m grant for a quartz mining hub.

 

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