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GLOBAL

Facebook's Libra has staggering potential - state control of money could end

The UN recognises 180 currencies worldwide as legal tender, all of them issued by nation states. It does not recognise cryptocurrencies like Bitcoin in this way, even if communities of enthusiasts have been treating them as a means of exchange for over a decade now...

By Gavin Brown 27 Jun 2019

SOUTH AFRICA

Strengthening of trade, investment ties at Africa ASEAN Business Expo

A delegation from South Africa's Black Business Council recently held talks in Johannesburg with business leaders from Singapore and Malaysia on potential investment...

16 Nov 2017

MALAYSIA

Malaysia Airlines to cut staff and routes

KUALA LUMPUR, MALAYSIA: Malaysia Airlines will slash thousands of staff, trim routes, replace its chief executive and consider strategic stake sales to outside investors as part of plans to save it from bankruptcy after two devastating disasters.

1 Sep 2014

SOUTH AFRICA

Sanlam looking to invest in Africa, South-East Asia

Sanlam says it has R3bn in discretionary capital that is earmarked for growth opportunities mainly in Africa and South-East Asia.

By Phakamisa Ndzamela 6 Jun 2014

MALAYSIA

Loss of MH370 has huge impact on Malaysia Airlines profits

KUALA LUMPUR, MALAYSIA: Flight MH370's disappearance had a "dramatic impact" on Malaysia Airlines (MAS) earnings in the first quarter, forcing it to a bigger loss for the quarter amid calls for a shake-up of the struggling carrier.

16 May 2014

FRANCE

Carrefour reports return to profit, shares rise

PARIS, FRANCE: Retailer Carrefour, a global leader in the supermarket business, reported a recovery into profit in the first half on Thursday, 29 August, and the company's shares rose 3.71% to €23.63.

30 Aug 2013

MALAYSIA

Malaysia Airlines in the red again

KUALA LUMPUR, MALAYSIA: Struggling flag carrier Malaysia Airlines said on Tuesday (20 August) it has recorded a second consecutive quarterly loss after failing to overcome drag from earlier borrowings.

22 Aug 2013

MALAYSIA

Space flight no risk to environment

SINGAPORE, MALAYSIA: British billionaire Richard Branson said on Monday (13 May) that rocket-powered space tourism flights by his firm Virgin Galactic would have only a minor impact on climate change.

13 May 2013

SOUTH AFRICA

Transnet on the hunt for foreign contracts

Transnet Engineering (TE), a unit of the state-owned freight and logistics company, is exploring new narrow-gauge markets in Latin America, South-east Asia and Australia in a bid to meet its growth targets, according to strategy and marketing general manager Thoba Majoka.

By Nicky Smith 6 May 2013

SWITZERLAND

IMD announces its 2012 World Competitiveness Rankings

LAUSANNE, SWITZERLAND: IMD, a top-ranked global business school based in Switzerland, has announced the findings of its annual World Competitiveness Yearbook (WCY). The WCY rankings measure how well countries manage their economic and human resources to increase their prosperity.

1 Jun 2012