Uber board changes coming as SoftBank consortium buys 18% stake

‘The stockholders did the smart thing. The price is less important than locking in the governance changes and securing the support of the world’s ...

Hyundai ship-building stocks plunge on grim earnings forecast

Hyundai Heavy Industries shares plunge 29% on expectations that its sales will have halved in 2017, and will fall further in 2018

NGOs take Prasa to court over corruption investigations

Unite Behind and Equal Education want to have the Passenger Rail Agency of SA’s decision to end its corruption investigations declared unlawful

End of an era for Boeing’s 747 jumbo jet on US airline routes

After nearly half a century in the air Boeing’s original jumbo jet flies into the sunset

SAA chief Vuyani Jarana aims to entice lenders

New South African Airways boss Vuyani Jarana targets Standard Chartered and Citibank with turnaround plan, writes Asha Speckman

SAA to have fewer domestic flights, as Mango’s increase

As part of the South African Airways Group’s turnaround strategy and ‘rationalisation programme’, the revised schedules officially take ...

Labat’s HEPS decline nearly 45% as net asset value almost doubles

In the year to end-August, revenue increased to R52m from R14.3m, as the company is looking to expand, recently acquiring a 55% stake in Kufika Transport

State-owned BAIC’s sales of petrol cars to stop within eight years, China says

Beijing originally wanted to start enforcing the rule in 2018, but delayed its implementation by a year after Germany and some foreign firms raised concern

Sub-Saharan Africa missing out on global shipping boom, says Transnet

Transnet Group CEO says poor infrastructure and ‘years of under-investment’ in its transport network is holding much of Africa is being held back

African air travel growth spikes, outpacing strong global recovery

Passenger air traffic in Africa in October grew at more than twice September’s rate, Iata data shows, with growth seen across the globe as air travel ...

SAA ‘stays under Treasury control’

Presidency says SAA remains at the National Treasury where it will continue to receive support and guidance

E-toll write-off not on the cards, says minister

Sanral is owed close to R9.2bn in unpaid fees, with resistance to fees strongest in Gauteng

Hardship before lift-off, says SAA

Chairman Magwaza promises to find a credible turnaround strategy

Uber's net loss widens to $1.46bn, stock bid reveals

A SoftBank Group-led consortium is looking to buy a large block of stock, with at least two of Uber’s early backers prepared to sell

SAA's new R4bn loss forecast is much worse than its turnaround plan projected

Of the R10bn state recapitalisation, R7.6bn would be used to repay loans, but SAA will still have outstanding debt of R9.74bn by April 2018

Court blocks Uber ride-sharing in Israel

Tel Aviv district court judge finds the US firm’s private drivers lacked proper insurance

ANC Conference 2017

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