South African Reserve Bank Governor Tito Mboweni said it was time that top executives’ remuneration packages were ”put on the table”.
Listed financial services group Corpcapital is considering making another purchase offer for the financially troubled Central News Agency (CNA), the company said on Friday.
US telecoms giant AT&T said it was putting legal action against SA state operator Telkom on hold after the two sides reached an interim agreement on a backlog of unfulfilled orders.
The rand weakened further against the US dollar on Wednesday, with troubles in Uruguay sparking fresh emerging markets jitters, but trading remained within a narrow range.
Gold Fields, South Africa’s second largest gold producer, said on Thursday it had recorded its third successive quarter of record earnings.
Business Day is to launch a new evening newspaper, Business Day PM, that will only be available on South African Airways’ late afternoon and night flights.
SA stocks shed more than one percent on Monday, overcast by weak offshore markets and as investors continued to fret about the authorities’ plans to give blacks a bigger role in white-dominated mining.
South Africa’s Communications Ministry said on Monday it had pushed back by two months to October 31 the deadline for bids for a 51% stake in a licence for a new telecoms operator to rival Telkom.
Bidvest Plc, a unit of South African industrial group Bidvest, reported a 27% jump in annual headline earnings per share on Wednesday.
All companies doing business in South Africa will likely be compelled to report on the impact of Aids by the end of 2003.