Frankfurt

Wary central banks make fresh cash injections

Central banks in Europe and Japan pumped out tens of billions more dollars on Monday to help commercial banks hit by the United States home-loan sector crisis, as shares bounced back from a turbulent week. The European Central Bank injected another €47,66-billion after putting a record €155,85-billion into the market last Thursday and Friday.

Porsche launches bid for Volkswagen

Porsche, the German maker of luxury sports cars, has launched an official bid to acquire Volkswagen, Europe's largest auto manufacturer. Stuttgart-based Porsche announced in late March that it would exercise an option to buy an additional 3,6% stake in Volkswagen.

DaimlerChrysler reaches settlement with insurers

German-United States auto giant DaimlerChrysler said on Tuesday it had reached an out-of-court settlement with insurers over a legal squabble surrounding some comments by the group's former chairperson regarding the merger of Daimler and Chrysler in 1998.

Siemens knew of bribery funds, newspaper alleges

The anti-corruption department at German engineering giant Siemens tried to cover up evidence of bribery accounts several years ago, the <i>Sueddeutsche Zeitung</i> newspaper alleged on Monday in a report on a deepening investigation of the company.

New luggage rules cause queues at Europe’s airports

New rules forced air travellers to pack perfume, toothpaste and other liquids into small plastic bags in their hand luggage before going through security checkpoints at Europe's airports on Monday. Queues were longer than usual at terminals in Frankfurt and Paris as passengers got to grips with the new regulations.

German cannibal says he feels no guilt

A self-confessed German cannibal on Tuesday said at his retrial for murder that five years after butchering and eating an apparently willing victim he felt no guilt. Armin Meiwes (44) told the court that cannibalism was against the codes of social conduct but not a crime because his victim had wanted to die in this way.

Analysts sceptical about Porsche-VW tie-up plans

The surprise announcement by German luxury sports car maker Porsche that it plans to buy a stake in Europe's biggest car maker Volkswagen sparked scepticism among investors and analysts, triggering a sharp sell-off in both companies' shares on the stock exchange on Monday.

Economic gloom deepens further for Schröder

Bad news continued to pile up for Germany and its beleaguered Chancellor Gerhard Schr&ouml;der on Tuesday, as the Organisation for Economic Cooperation and Development slashed its growth forecasts and investor confidence slid on concerns that a global slowdown could bring the stuttering German economy to a standstill.

Latest

The Mogale Centre: A place of hope for young offenders

In the last story of her series about children behind bars, Athandiwe Saba speaks to young men who have committed serious crimes and are now living behind the walls of the Mogale Child and Youth Care Centre

Covid-19 fight to enter house-to-house testing phase

President urges people to continue staying at home for the next 17 days

Can you pause a pandemic? Inside the race to stop spread of Covid-19

Tracing the close contacts of people who test positive for coronavirus disease is a delicate dance. Here’s why these health workers wait for the cover of darkness to take action

Press Releases

The online value of executive education in a Covid-19 world

Executive education courses further develop the skills of leaders in the workplace

Sisa Ntshona urges everyone to stay home, and consider travelling later

Sisa Ntshona has urged everyone to limit their movements in line with government’s request

SAB Zenzele’s special AGM postponed until further notice

An arrangement has been announced for shareholders and retailers to receive a 77.5% cash payout

20th Edition of the National Teaching Awards

Teachers are seldom recognised but they are indispensable to the country's education system

Awards affirm the vital work that teachers do

Government is committed to empowering South Africa’s teachers with skills, knowledge and techniques for a changing world

SAB Zenzele special AGM rescheduled to March 25 2020

New voting arrangements are being made to safeguard the health of shareholders

Dimension Data launches Saturday School in PE

The Gauteng Saturday School has produced a number of success stories