Bad debts may hurt credit retailers

Credit retailers' share prices came under varying degrees of pressure in the wake of African Bank's warning over soaring bad debts. This has brought into focus the potential of credit retailers being vulnerable higher levels of bad debt among borrowers. 20 May 2013 07:17

Hilton plans to boost African presence

Hilton Worldwide has expanded its product offering in SA over the past six months and the US-based group intends to increase its presence in Africa‚ according to vice-president of operations for Africa and the Indian Ocean‚ Jan van der Putten. 16 May 2013 08:38

Transnet's wage deal with workers

Transport utility Transnet has concluded a two-year wage agreement for bargaining unit employees‚ it said on Wednesday (15 May). 16 May 2013 08:27

Hard roads for Cargo Carriers

[Edward West] Cargo Carriers (CRG) raised its dividend 76.5% for the year to February after its logistics and transport related operations performed well in an operating environment of low economic growth and industrial relations interruptions. 16 May 2013 08:07

Warehouse profits reach R243,3m

[Zeenat Moorad] Holdsport‚ which owns the Sportsmans Warehouse and Outdoor Warehouse on Wednesday (15 May) said the current retail environment was challenging and the group did not envisage any improvement in its performance during the remainder of the year. 16 May 2013 07:54

No cold frosties for Motsoaledi

A beer maker's plans to boost the sale of its product in Africa has left a sour taste in Health Minister Aaron Motsoaledi's mouth. 16 May 2013 07:45

Retail sales rise marginally

[Ntsakisi Maswanganyi] The expected slowdown in retail sales in March was confirmed when Statistics SA (Stats SA) released its official figures on Wednesday (15 May). 16 May 2013 07:30

Coface report highlights strain on SA's growth

The Coface Group, a worldwide leader in credit insurance, has released its latest report on South African growth prospects, taking into account the mining and export slumps. Overall, economic activity remains generally sluggish while upside risks to inflation have increased due to a weaker rand. It believes that this will persuade the Monetary Policy Committee to keep policy neutral over an extended period, with interest rates remaining unchanged for most of 2013. A reversal in policy easing is likely only late in the year or even in 2014. 15 May 2013 14:50

Fines, payments choke Stefanutti Stocks

[Alistair Anderson] Construction company Stefanutti Stocks said on Tuesday (14 May) that late payments by debtors and a provision for a hefty fine for anti-competitive behaviour were to blame for the company reporting a record R162m loss for the year to February. 15 May 2013 09:40

Public Enterprises wins Treasury battle

[Nicky Smith] A six-month battle between the Treasury and the Department of Public Enterprises over the empowerment and local content weighting in Transnet's R35bn acquisition of new locomotives has ended with the Treasury agreeing to let the tender go unchanged. 15 May 2013 09:07

Wild Coast toll fees to be scrapped

The SA National Roads Agency Limited (Sanral) has scrapped plans to construct a toll road on the N2 Wild Coast Highway, it said on Tuesday (14 May). 15 May 2013 08:58

Solidarity, Telkom head for CCMA

Trade union Solidarity said on Tuesday (14 May) that it had referred a dispute to the Commission for Conciliation‚ Mediation and Arbitration (CCMA) after wage negotiations between trade unions and telecommunications company‚ Telkom‚ reached a stalemate. Trade unions rejected Telkom's final offer of a 1.5% increase. 15 May 2013 08:29

AngloGold's focus on cutting costs

[Allan Seccombe] AngloGold Ashanti is gearing up to sell a second mine as the company deepens its focus on delivering value to shareholders in a difficult gold market‚ new chief executive Srinivasan Venkatakrishnan said on Monday (13 May). 14 May 2013 12:30