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Business

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

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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Time running out for SA: Citizen

moodys investor service

The recent credit ratings announcement by Moody’s Investor Service (Moody’s), to maintain South Africa’s Baa2 rating (two above junk) with a negative outlook, has been widely lauded by the Presidency as a sign of the efforts of ‘‘Team South Africa’’. While the vote of confidence by Moody’s is welcome, there …

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Gas imports to increase this winter

Gas imports to increase this winter

South Africa’s African Oxygen Limited (Afrox) on Thursday said that it had signed “an import agreement” with Petredec Limited and Bidvest Tank Terminals to ensure security of supply of liquefied petroleum gas (LPG) for its customers in South Africa. Petredec Limited is one of the largest global LPG traders while …

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Afrox signs deal to increase LPG imports

South Africa’s African Oxygen Limited (Afrox) on Thursday said that it had signed “an import agreement” with Petredec Limited and Bidvest Tank Terminals to ensure security of supply of liquefied petroleum gas (LPG) for its customers in South Africa. Petredec Limited is one of the largest global LPG traders while …

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