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Get the latest Business and Financial news in South Africa as it happens.

‘Bullies’ SAA/Mango being probed

saa mango

The relationship between South African Airways (SAA) and its low-cost subsidiary Mango will be the focus of an investigation by the Competition Commission, following a recent SAA “own goal”. The Commission confirmed it would be investigating a complaint by the Democratic Alliance following a statement by SAA that Mango’s financial …

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Famous Brands resilience keeps patrons happy

At a time when SA’s consumers remain increasingly hard-pressed due to sustained rising costs, companies heavy reliant on their disposable income, in theory, should see more pain. Yet, Famous Brands, the owner of eateries such as Steers, Debonairs Pizza, Wimpy, Mugg & Bean, Tashas and a throng of other restaurant …

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Zuma will be forgiven for Nkandla: Malema

President Jacob Zuma will be “forgiven” for using taxpayers’ money to renovate his private homestead at Nkandla in rural KwaZulu-Natal only if he acts to recover land “stolen” from black South Africans, Economic Freedom Fighters leader Julius Malema told supporters in Pietermaritzburg on Sunday. “Zuma … stands in the way towards …

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De Beers changes the guard as market ‘recovers’

Anglo American plc on Friday announced the appointment of Bruce Cleaver as chief executive of De Beers following Philippe Mellier’s decision to step down after five years. Mark Cutifani, chief executive of Anglo American and chairman of De Beers, said the appointment provided “strong continuity at an important stage in …

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SAA’s future to be discussed with Gordhan

The Federation of Unions of South Africa (Fedusa) will meet Finance Minister Pravin Gordhan in Pretoria on Monday to discuss the future of South African Airways (SAA). The discussions will be within the context that business and labour should work together with government to accelerate investment and foster inclusive economic …

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