MTN reducing stake in Nigerian business slowed by Covid-19

The fallout from the Covid-19 pandemic doesn’t change the importance of selling part of the 79% shareholding to local investors, says CFO

10 hours ago
Tech giants seek respite on Indian digital tax

Executives from the leading US firms including Google would like the tax put on hold for at least six months, people familiar with their position claim

11 hours ago
Cheaper data price ruling will accelerate connecting the nation

SPONSORED | SA's mobile virtual network operators can add significant value and affordability to lower-income sectors, says MVN-X CEO

Demand surges at HelloFresh as more people cook at home

Meal-kit delivery company gains orders and customers and expects boost to profits after virus starts to spread

11 hours ago
Chipmakers in good health as global lockdowns lift demand

Micron Technology forecasts higher revenue as more people shop and work from home

11 hours ago
Harmony cuts SA gold output to a quarter during lockdown

SA’s largest source of domestic gold shuts its nine underground mines and reduces output during the three-week Covid-19 lockdown

US warehouse and delivery staff warn of stoppage over Covid-19

Amazon and Instacart workers demand better safety measures and threaten a ‘sick-out’

Workforce Holdings skips dividend amid Covid-19 and recession

Labour-services group reports that the minimum wage hike that began in March 2020 has hit some of its clients

updated 9 hours ago
Hanratty takes Sanlam’s helm during a critical time for SA

Current CEO Ian Kirk will remain with the group until the end of the year

updated 9 hours ago
Sasol cut deeper into junk status by Moody’s

Chemicals group says lower rating will add an additional R180m in financing costs a year

Textainer to buy back an additional R450m shares

Shipping container group is confident in its long-term outlook and doubles its share buy-back programme

Remgro to keep FirstRand stake in unbundling

Retaining the banking holding company is intended to provide additional balance sheet capacity

J&J signs deal with US to produce future coronavirus vaccines

J&J shares rise 7% after it announces a $1bn deal with the US government to create enough manufacturing capacity to make more than 1-billion doses of a vaccine

Abbott rises after unveiling five-minute coronavirus test

The medical-device maker plans to supply 50,000 tests a day starting April 1

Naspers donates R1.5bn to SA’s Covid-19 effort

The Cape Town-based group will contribute R500m to the Solidarity Response Fund and buy R1bn worth of personal protective equipment and other medical supplies ...

Jasco swings to a loss as telecom firms spend less on infrastructure

The company said its operational performance was affected by poor results from its ICT-Carriers business

Published by Arena Holdings and distributed with the Financial Mail on the last Thursday of every month except December and January.