Retaining capital pays off for Schroder as portfolio performs

Company reports a strong balance sheet, with a loan-to-value of 24% net of cash and about €30m in cash

WATCH: The state of the airline industry

Business Day TV speaks to Rene Koinzack, Lufthansa's newly appointed senior director for sales in Nigeria, Equatorial Guinea, Southern and East Africa

6 hours ago
PODCAST | Mukuru’s plan to stay ahead in Africa’s cross-border payments market

Host Mudiwa Gavaza talks to Mukuru CEO Andy Jury about winning in Africa’s competitive money transfer market

ExxonMobil to increase oil output and new projects

Spending on new projects expected to expand to $27bn by 2027

6 hours ago
Alphabet launches Gemini, its most advanced AI model

Google says Gemini is capable of more sophisticated reasoning and has a more nuanced understanding of information

6 hours ago
Switzerland charges Trafigura with bribery in Angola

Prosecutor says Geneva-based company bribed Sonangol officials from 2009 to 2011

7 hours ago
BAT writes down value of US brands by €25bn

Shares fall as British American Tobacco blames economic headwinds in the US

7 hours ago
MTN Ghana CEO Selorm Adadevoh to become group chief commercial officer

Adadevoh has been with MTN since 2018 when he joined to head up the Ghana business

9 hours ago
Ayo Technology deeper in the red after full-year losses

Tenders for Sizwe IT help group revenue rise 28%, but loss before tax widens to R653m

9 hours ago
OPEN LETTER | Setting the record straight about Sasol's climate risk management approach

SPONSORED | The company aims to strike a reasonable balance between people, planet and profit on its pathway to net zero, writes CEO Fleetwood Grobler

WATCH: SA’s Aspen expands further into China

Business Day TV talks to Aspen CFO Sean Capazorio

9 hours ago
HSBC tests program to foil quantum computer attacks

Cyber-criminals could use advances in computing to access global financial systems such as $7.5-trillion FX market

Adherence to Wegovy at 40% a year later, but still much higher than for older drugs

Greater weight loss at six months was associated with persistence at one year, the researchers found

SA Taxi needs debt solution to keep going

Transaction Capital swings into a loss in ‘most challenging’ year

Indebted Tongaat could face interdict on holding business rescue vote

SA Sugar Association and RCL Foods unsure of how two potential buyers will pay outstanding levies

Prosus prepares for PayU listing in second half of 2024

International payments business is essentially focused on India and an IPO is more likely in that market, analysts say