Nampak CEO says group ‘not getting joy’ from retrenching workers

Michelle Gumede 10 hours ago

Leaner and meaner packaging group looks to further consolidate its operations to be fit for purpose

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Metair CEO resigns after less than a year in charge

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Tesla’s EV sales in China slide as rivals gain market share

CEO Elon Musk’s charm offensive in China continues even as BYD sales set another record

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Nampak loss deepens after forex hit and increased spending on debt

Packaging company’s debt pile stems from ill-fated expansion into Africa

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Transpaco is still hunting ‘very aggressively’ for acquisitions

Niche packaging group has found no deal-worthy opportunities, says CEO

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Thyssenkrupp under fire for expanding board amid cost cuts

German steel company has also named a new finance chief

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Hudaco set to acquire Plasti-Weld for up to R56m

Hudaco wants to diversify into revenue streams beyond automotive, industrial and electronic consumable products

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General Motors says new labour deals to cost $9.3bn

GM stock jumps nearly 10% after it unveils a $10bn buyback plan

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Bidvest shares slump most in 15 years as demand in consumer-facing sectors wanes

Bidvest shares slumped nearly 10% on Tuesday in their biggest one-day drop in 15 years.

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WATCH: Could VW leave SA in its review mirror?

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Rolls-Royce sets out ambitious plan to become a profit engine

CEO aims to grow earnings fourfold in five years, driven by a surge in profit margins

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ArcelorMittal SA job cuts may hit 3,500 workers as Transnet woes bite

Amsa blames Transnet rail freight dysfunction for runaway costs

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Stefanutti Stocks hopes for decision on Eskom dispute in new year

Construction and engineering firm narrows its interim loss

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Swedish court sides with Tesla over car number plates amid labour conflict

The ruling is the latest twist in a battle between Tesla and labour groups in Sweden

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Germany’s Volkswagen to reduce jobs in cost-cutting drive

The carmaker is in negotiations with its works council and says reductions are likely to target partial or early retirement

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PPC’s incoming CEO Matias Cardarelli gets work permit

SA companies have increasingly been looking offshore for skills at the executive level

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Invicta grows profit amid tough economic times and port delays

The industrial holding and management company generated more than half of its earnings abroad

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Oceana profits surge as Lucky Star sales shine in tough economy

Foreign operations act as a rand hedge with consistent demand for salmon feed providing market certainty

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