A Chilean group’s $1.2-billion bid for Adcock Ingram has been challenged by a court action from Bidvest.
Amplats has said it would cut 6 000 jobs, fewer than half the 14 000 first proposed, as it tries to restore profits without provoking a backlash.
Olympic and paralympic track star Oscar Pistorius has been arrested after his girlfriend was shot dead at his home in Pretoria, say police and media.
Plans to increase Transnet’s capacity to haul iron ore from mines to ports by 56% over the next seven years are in the works, says CEO Brian Molefe.
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/ 22 September 2011
The rand tumbled nearly 3% to hit 16-month lows against the dollar as importers piled into the greenback, spooked by a recent trend of sharp declines.
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/ 8 September 2011
State bonds fell and yields climbed as SA’s benchmark stocks booked their biggest daily gain in 16 months, breaking a three-day losing streak.
Walmart’s SA unit Massmart is ready to push down prices and sacrifice margins in pursuit of a bigger market share, its CEO has said.
SA’s biggest food retailer Shoprite Holdings saw its shares slide after reporting a 7% rise in full-year sales that fell short of analysts’ estimates.
Tens of thousands of workers ended a two-week pay strike in the South African steel and engineering sector on Sunday.
Massmart’s shareholders have accepted a takeover by US group Wal-Mart, setting up the world’s largest retailer for a potential battle with unions.