Sanlam Investment Holdings purchased a majority stake in Bermuda-based investment firm, P2international Ltd (P2), the company said on Wednesday.
Canadian uranium miner Paladin Energy is confident the Kayalekera mine, in Malawi, will operate at maximum levels by Wednesday evening, after the company reached an agreement "in principle" with employees to return to work.
Developing markets continue to drive growth for international ICT group Datatec, says CEO Jens Montanana.
The refocusing of Alt-X listed technology company Ansys on the rail and mining market segments has led to a strong turnaround in the company's financial results for the year ended February 2012.
Recruitment company Kelly Group has reported a loss for the six months ended March 2012, with a headline loss per share of 12.1 cents from headline earnings per share of 13.5 cents a year ago.
The much anticipated Telkom/Korea Telecom deal on Tuesday received labour body Solidarity's approval, with the union saying the transaction is beneficial to the country and will provide a cash injection to the embattled operator.
An increase in ounces sold and higher gold helped narrow losses at Great Basin Gold in the first quarter ended in March.
JSE-listed miner Northam Platinum on Monday said it was implementing plans to rebuild a smelter at its Zondereinde mine.
Diamond miner Trans Hex expects a net profit of R208 million for the year ended in March, compared to a loss of R45,1 million for the previous corresponding reporting period.
The increase in the urbanisation of the world's population from 52% of the total in 2010 to 60% in 2003 will support the demand for iron ore, as steel intensity quintuples from 15 kilograms per square meter living space in rural China to more than 75 kilograms per square meter for Chinese living in cities with a population in excess of 1.5 million, BHP Billiton CEO Marius Kloppers told the Bank of America Merrill Lynch Global Metals, Mining and Conference on Tuesday.
In what has proved to be a challenging period for Kelly Group, the recruitment company has reported a loss for the first half of the 2012 financial year. It posted a headline loss per share of 12.1 cents for the six months ended March 2012 from headline earnings per share of 13.5 cents a year ago.
The message has been sent loudly and clearly by business in SA - inefficient electricity supply and billing, poor roads and traffic lights, red tape and the volatile political climate are adding undue pressure on the ability to make money and compete.
Local banking group Absa and UK Trade and Investment, through the Micro Enterprise Development Organisation (MEDO), have signed a partnership agreement aimed at providing support to South African small and micro businesses.
Capital & Counties Properties PLC has had a busy year so far, acquiring three new properties in Covent Garden in March and with tenant activity remaining strong with several recent openings.
After being blasted last week for embarking on "e-mail retrenchments", banking group Absa has temporarily withdrawn notices of retrenchment to around 140 IT staff, but a union says the "final battle" has not yet been fought.
If SA companies are to be relevant in global markets and especially in growing African markets, they have to raise their competitiveness says Trade & Industry Minister Rob Davies.
The Competition Tribunal on Monday said it approved the merger between Media24 and Paarl Coldset, as the acquiring firms, and Natal Witness Printing and Publishing Company, as the target firm, subject to several conditions.
Low-cost airline Velvet Sky's service providers and employees should act immediately to avoid landing up as creditors in the same boat as those of Aurora, the liquidated mining group that has not made payments for two years, according to a union.