Other Business & Technology News
Netcare BEE transaction to be debt-free after 10 years3/6/2015 17:23
Netcare is to restructure its 10-year-old BEE transaction so that it is debt-free, the healthcare group announced on Wednesday. The transaction, involving 160 million preference shares worth R1 billion, was concluded in 2005.
Sanlam new business rises 15% despite economic challenges3/6/2015 15:29
South Africa’s biggest insurer Sanlam Ltd said on Wednesday that new business volumes rose 15 percent to R68 billion (excluding white label) in the first four months of the financial year despite a challenging economic environment in a number of the countries in which it operates.
NUM national congress resumes today3/6/2015 9:18
National Union of Mineworkers general secretary Frans Baleni is due to face a challenge for the position at the union’s national congress which kicks off today.
SADTU threat to abandon recent wage hike deal3/6/2015 9:06
South Africa’s public sector unions has threatened to abandon a recent wage hike deal after government said it would raise salaries by 6.4% for the first of a three-year deal and not 7% agreed last month.
Mr Price heads down under3/6/2015 6:57
Retail group Mr Price said it would expand its operations in Australia, following growth in online sales and detailed research.