Insured losses from catastrophes at a four-year high, Swiss Re says

Insured losses rose to $54bn last year, with weather-related disasters topping man-made ones; however, there were fewer lives lost

5 hours ago
Ericsson hit by bill of up to $1.7bn as new CEO sets out business overhaul

The Swedish telecom equipment maker, whose shares fell 4.6% in early trade, will explore options for its loss-making media arm, as well as restructuring

5 hours ago
Naspers sells stake in to Amazon in giant technology merger

Endorsed by the Dubai government, Goldman Sachs calls it ‘the biggest ever technology merger and acquisition transaction in the Arab world’

5 hours ago
BUSINESS DAY TV: Cartels are still pervasive in SA

Nkonzo Hlatshwayo, competition partner at Hogan Lovells, discusses the Competition Commission’s crackdown on the fresh-produce market

6 hours ago
Sure about your investment strategy? Here’s the case for value investing

SPONSORED | In late 2015, no one wanted to be in emerging-market value stocks but since then they have been the best place to invest

3 hours ago
UK Reits so ready for hard Brexit that soft one may hurt more

After initial panic triggered withdrawals from property funds, it now seems Brexit is unlikely to negatively affect commercial property in London

6 hours ago
Tesco to pay £129m fine plus compensation to settle false accounting charges

Britian’s biggest retailer has struck a deal with the British serious fraud office to avoid a criminal conviction relating to false accounting in 2014

6 hours ago
No-frills Capitec makes move into higher-end malls

The bank says net transaction fee income jumped in the year to end-February due to ‘increasing financial awareness of our clients on the best way to bank’

11 hours ago
Colombian town votes against AngloGold Ashanti gold mine, in vain

The AngloGold Ashanti project is still in the exploratory phase, but could unearth 28-million ounces of gold, one of the biggest discoveries of the past decade

7 hours ago
No dividend payout by Sun International

Borrowings up on acquisition of further stake in GPI Slots and expenditure on Times Square casino

13 hours ago
Discovery's Adrian Gore sings praises of Pravin Gordhan

‘The country is in a very good spot; it is on the mend. We have an opportunity to capture lost ground, which we need to do’

13 hours ago
Bidcorp’s Joffe to bow out and list new firm

Joffe tells the board he plans to launch a new listed JSE investment vehicle

13 hours ago
Multinational retailers hungry for space in SA’s shopping malls

Retailers with globally recognised brands attract shoppers and please landlords

13 hours ago
Global factors lift SA's poultry producers

Avian flu in Europe and tainted-meat scandal in Brazil help reverse local poultry producers' fortunes

13 hours ago
Court rejects bid to revive $7.25bn settlement with Visa and MasterCard

The settlement targeted by merchants had been intended to resolve claims they were overcharged on ‘swipe fees’

13 hours ago
COMPANY COMMENT: Market expects Capitec to add to winning ways

Capitec’s impairments and arrears look scarier, up between 23% and 44%, and loan advances grew a subdued 10%

13 hours ago