Saftu has said this recent knock to Imperial should embolden workers to march on April 25
This comes at the back of his resignation from board positions on both Business Leadership South Africa and Eskom
If they don’t stop doing business with the Imperial CEO, companies could face boycotts
The Mark Lamberti case shows that South African business suffers from deeply rooted racial prejudices
Minister of Public Enterprises, Pravin Gordhan, confirmed Lamberti’s resignation and that it had been duly accepted
By
Vindicated former Imperial executive hopes her case will give female workers the courage to speak out
The party believes Mark Lamberti does not meet the prescripts of the public utility’s code of ethics
By
Toll operators say road deaths dropped by 75% during the 2011 festive season on the N3 highway between Gauteng and KwaZulu-Natal.
Africa’s biggest transport and logistics firm, Imperial Holdings, reported a rise in full-year profit on Wednesday.
Nedbank said on Friday it had agreed to buy the 49,9% of Imperial Bank it does not already own from Imperial Holdings for R1,8-billion.
South Africa’s Imperial Holdings expects its car dealership unit to turn around within a year.
South Africa’s Imperial Holdings is in talks about selling its 49,9% stake in Imperial Bank to Nedbank Group, it said on Friday.
The all-share index has been buoyed by resources, but there is no hiding the carnage.
Stocks were slightly lower at noon on Tuesday with banks dominating the loser board on inflation worries, but miners capped losses on a weaker rand and firm metal prices, traders said. At 11.56am, the all-share index was down 0,23%, weighed by a 1,70% drop in banks.
Africa’s biggest transport and logistics company, Imperial Holdings, said on Monday it was considering a merger of its Regent Life and Regent Insurance companies. ”A merger would enhance the growth prospects and operational synergies of these businesses …,” the company said in a statement.
No image available
/ 27 February 2008
The JSE moved southwards by midday on Wednesday due to profit-taking among financials as well as worse-than-expected consumer-inflation data. It was announced that the local consumer price index excluding mortgage rate changes (CPIX) for metro and other areas was up 8,8% year-on-year (y/y) in January, from 8,6% y/y in December.
The JSE was off its earlier lows by midday on Wednesday as investors looked for value after the recent sharp sell-off. After starting weaker on the back of a sharp fall on Wall Street overnight, the JSE was looking a little better late morning. The Dow shed 2% on Tuesday and Tokyo shares ended down 1,7%, but London shares have turned around.
South African transportation and mobility group Imperial Holdings on Wednesday reported a 17% rise in headline earnings per share to 1 434 cents for the year ended June from 1 222 cents a year ago. Diluted headline earnings per share were up 16% to 1 330 cents from a previous 1 148 cents.