Babcock axes 1,000 jobs in restructuring plan under new CEO

Shares surge as much as 36% in London, the most in 28 years, after CEO David Lockwood details plan to reshape the company around defence activities

2 hours ago
Discovery Bank’s shared-value approach is transforming banking

SPONSORED | Discovery Bank draws on behavioural economics to support, guide and incentivise people to manage their money well

Chile to reap benefits of multibillion-dollar copper investment

The government will not support proposals for royalties as it believes growth will boost tax revenue

2 hours ago
Disruptive commerce: upending ecosystems and unlocking innovation

SPONSORED | Where there is demand, there is opportunity, says Franklin Templeton Group

Raubex divisions return to profitability

Annual headline earnings are expected to fall as a result of lockdown measures

2 hours ago
Astral Foods wins court order over lack of service delivery

The government and the Treasury must prepare a financial recovery plan for Lekwa municipality, which has cost the company millions

3 hours ago
United Airlines plans to use US rubbish to fly planes

Airlines have used sustainable fuel since 2008 to try to cut emissions, but so far that represents barely 1% of the fuel used worldwide

4 hours ago
Grab delivers world’s biggest Spac merger ahead of listing

Singapore-based ride-hailing and food delivery firm valued at nearly $40bn

4 hours ago
Air Canada to get $4.7bn in state loans and equity

The Canadian government will  buy C$500m worth of shares at a discount, with workforce and dividend conditions

5 hours ago
Renergen names helium-supply customer to comply with ASX rules

Australian Securities Exchange require more details than the resource explorer’s announcement contained

updated 3 hours ago
Facebook steps up efforts to fight lies about climate change

Climate change has emerged as a key priority in Facebook’s quest to stomp out misinformation while still defending free speech

7 hours ago
WATCH: What does tech adoption look like beyond the Covid-19 hype?

Michael Avery talks to a panel about the breathless marketing spin surrounding cloud, data and digital transformation strategies

7 hours ago
Tharisa is the latest company to flag Transnet constraints

SA’s fourth-largest chrome exporter has had to rely heavily on expensive road transport to harbours because of difficulties with Transnet Freight Rail

8 hours ago
Mining firms shake up their boardrooms

Investors demand change from industry battered by problematic standards

Harith launches R2.9bn top-up fund to double down on infrastructure assets

Harith manages the Pan African Infrastructure Development Funds, which invest in infrastructure assets in SA and across Africa

updated 2 hours ago
WATCH: Why the SAA pilots’ settlement is hanging in the air

SAA Pilots Association chair Grant Back talks to Business Day TV about how the union and the airline are battling to agree on a payment calculation method

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