Bidvest attempts to torpedo $1.2bn Adcock takeover
A Chilean group’s $1.2-billion bid for Adcock Ingram has been challenged by a court action from Bidvest.
Amplats scales back mining job cuts plan
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.
Oscar Pistorius arrested after the killing of his girlfriend
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.
Transnet to boost coal, iron ore rail capacity
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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Rand tumbles, tipped to hit R8/dollar
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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SA stocks reach biggest daily gain in 16 months
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.
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Massmart ready to sacrifice margins for market share
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.
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Disappointing annual sales numbers for Shoprite
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.
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Metalworkers end strike as fuel walkout widens
Tens of thousands of workers ended a two-week pay strike in the South African steel and engineering sector on Sunday.
Wal-Mart bid for Massmart approved, boycott looms
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.
