Business

Unions, gold sector declare wage dispute

Bruising wage negotiations between goldminers and workers look to have stalled after unions declared an official wage dispute.

Pounds and prejudice: Bank Of England puts Jane Austen on banknote

British 19th century novelist Jane Austen will become the face of the new £10 note, the Bank of England says.

Eskom: Calm restored after wildcat strike at Medupi

Many Medupi workers have been sent off site after protests, but the utility was working to get operations back to normal, says Eskom.

Violent protest erupts at Eskom’s Medupi plant

A wildcat strike at Eskom's Medupi plant has turned violent, with two cars stoned and unconfirmed reports that they were set alight by protesters.

Waiting for the Rainbow: Villagers lament Motsepe’s empty promises

Poverty-stricken villagers wait in vain for development promised to them by African Rainbow Minerals, which pledged to provide houses and roads.

Bodies of trapped Amplats miners found

The bodies of two mineworkers trapped underground after a rockfall at Anglo American Platinum's Bathopele mine in Rustenburg have been located.

Construction cartel: Three companies face prosecution

Group Five, Construction ID and Power Construction face prosecution after failing to reach a settlement with the Competition Tribunal.

MTN Group share price down

MTN Group's share price has fallen despite its swift replacement of chief financial officer Nazir Patel with Brett Goschen.

UK businesses await a royal bump up

British companies can expect a temporary boost from the birth of Prince William and Kate's new baby, say business leaders and analysts.

Kumba’s new mine counters strike losses

Production from Kumba's new Kolomela mine has kept profits up in the first half of 2013 after a strike affected output at its Sishen mine last year.

Construction: Tribunal approves settlements with 13 companies

The competition tribunal says it has approved settlements after hearings revealed collusion within the construction sector between 1999 and 2009.

SAB abused its monopoly, says economic expert

Consumers paid different prices for SAB products depending on what area they lived in, a representative for the Competition Commission has said.

Vodacom sells Tanzania phone towers to Soros-backed company

In a bid to increase earnings, Vodacom has sold over a thousand phone towers to the George-Soros-backed Helios Towers Tanzania.

Economic week ahead: Inflation expected to average at 5.9%

SA inflation figures, indicators of growth in Europe and China, US corporate earnings reports and elections in Japan will make for a busy week.

NUM: ‘Our people are killed for wearing red T-shirts’

The National Union of Mineworkers' (NUM) still represents workers at Lonmin, workers were told at a rally in Marikana on Sunday.

Sierra Leone needs $3.5bn investment to restore power sector

Sierra Leone is seeking billions from the private sector to overhaul its electricity industry with the aim of increasing output 10-fold by 2017.

Big growth spurt in Africa deals

Latest figures show investors are positive about doing business on the continent.

Co-ops could be a stitch in time

Worker-run clothing factories have the potential to compete with regular companies.
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