PepsiCo plans to acquire South Africa’s Pioneer Foods

19 July 2019, 9:48 AM
PepsiCo offered a cash consideration of R110 per Pioneer Foods ordinary share, a 56.5% premium as of July 12, 2019.
Bottles of Pepsi are pictured at a grocery store in Pasadena.
Illegal small scale miners in Limpopo seek mining permits 19 July 2019, 4:30 PM

Illegal small scale miners in the Sekhukhune district of Limpopo have called on the Mineral Resources Department to issue them with mining permits.

BBBEE will not be scrapped: Ramaphosa 19 July 2019, 7:00 AM

President Cyril Ramaphosa says Broad Based Black Economic Empowerment will not be scrapped.

South Africa strikes cautious tone as it cuts interest rates 18 July 2019, 9:35 PM

South Africa's Central Bank cut its main lending rate as expected on Thursday, but it struck cautious tone that suggested future cuts in borrowing costs were not a foregone conclusion despite benign inflation.

Reserve Bank cuts repo rate by 25 basis points 18 July 2019, 3:59 PM

The Reserve Bank's Monetary Policy Committee has decided to cut the interest rate by 25 basis points.

World economy update on currencies 18 July 2019, 1:30 PM

The rand is trading at R13.99 to the dollar, R17.45 to pound sterling and R15.72 to the euro.

Lamola defends NPA’s attempt to seek private funding 18 July 2019, 9:47 AM

Justice and Correctional Services Minister Ronald Lamola has defended the National Prosecuting Authority's attempts to seek private funding, saying its choices are limited.

A Bank of America building is seen in Los Angeles.
Bank of America trims net interest income guidance 18 July 2019, 6:36 AM

Net interest income, the difference between interest earned from lending and how much the bank pays for deposits, rose 6% last year.

Matjila denies receiving R5 million from VBS 17 July 2019, 6:27 PM

Former PIC CEO Dr Dan Matjila has denied receiving R5 million cash from VBS in return for facilitating funding for the now defunct mutual bank.

Asia shares slip, dollar gains as sterling slides 17 July 2019, 9:43 AM

Asian shares drifted lower on Wednesday after a lacklustre performance by Wall Street, while the dollar got a lift from robust US retail data and a Brexit-driven dive in the pound.

WATCH: PIC Inquiry 17 July 2019, 9:33 AM

On Tuesday former PIC CEO Dan Matjila told the inquiry in Pretoria that the PIC's Investment in Steinhoff was significant and deeply regrettable - and he will take full responsibility as the former head of the corporation.

Responsibility of public and private sector to encourage transformation: Lamola 17 July 2019, 8:53 AM

The Justice and Constitutional Development Minister Ronald Lamola says it is the responsibility of both the public and private sectors to encourage transformation in the judiciary to promote social cohesion.

Dr Dan Matjila
Matjila says Steinhoff investment losses are ‘regrettable’ 16 July 2019, 8:37 PM

Former Public Investment Corporation (PIC) CEO Dan Matjila told the PIC Commission that the losses incurred through the Corporation's investment in Steinhoff were significant and deeply regrettable.

Laurence Mulaudzi
There is nothing wrong in meeting a cabinet minister: Matjila 16 July 2019, 12:28 PM

Former Public Investment Corporation  CEO Dan Matjila has told the inquiry into the PIC that he does not see anything wrong or unethical in meeting a cabinet minister.

Dan Matjila
WATCH: PIC Inquiry 16 July 2019, 9:26 AM

Former PIC CEO Dan Matjila continues with his testimony on Tuesday.

David Marcus, head of Facebook’s libra project, is expected to tell a US Senate committee today that Facebook will not launch its digital ­currency until all concerns from ­regulators have been ­addressed
Facebook vows Libra currency will wait for approval as US airs worries 16 July 2019, 5:40 AM

Facebook Inc said it would not proceed with the launch of its Libra cryptocurrency until regulatory concerns are addressed.

Productivity improves in Port of Ngqura following go slow 15 July 2019, 4:31 PM

Productivity has improved at the Port of Ngqura in Port Elizabeth following a two weeks "go slow" by workers over incentives.

Eskom Group Treasurer Andre Pillay quits 15 July 2019, 1:49 PM

Eskom's Group Treasurer Andre Pillay has become the latest high-profile resignation from the struggling power utility.

European stocks advance despite China slowdown 15 July 2019, 10:53 AM

Europe's stock markets rose in early deals on Monday despite data showing that China's economy grew at its weakest pace in nearly three decades, slammed by the US trade war.

WATCH: Commission of Inquiry into the PIC 15 July 2019, 9:48 AM

The Commission of Inquiry into the Public Investment Corporation which is expected to wrap up its findings this month.

Dan Matjila
Matjila to continue with his testimony at the PIC Commission 15 July 2019, 9:13 AM

The Commission of Inquiry into the PIC, which is expected to wrap up its findings in July, will on Monday continue to hear evidence from former PIC CEO Dan Matjila.

Asian markets in retreat as China growth slows further 15 July 2019, 6:29 AM

Asian markets slipped on Monday as data showed China's economy growing at its weakest pace in nearly three decades, hit by the US trade war, while investors debate the depth of an expected Federal Reserve interest rate cut.

Huawei planning major job cuts in US 14 July 2019, 7:42 PM

Chinese telecoms giant Huawei, which is subject to United States (US) sanctions over concerns about its ties to the government in Beijing, is planning to make major job cuts at its US operations, The Wall Street Journal reported Sunday.

“Go slow” affects major industries in the Eastern Cape 14 July 2019, 4:45 PM

The ongoing "go-slow" strike by workers at the Port of Ngqura in the Nelson Mandela Bay area is having a negative effect on industries that are the main economic drivers in the Eastern Cape.

Anheuser-Busch InBev cancels planned listing in Hong Kong 14 July 2019, 2:41 PM

The company that makes Stella Artois and Budweiser has scrapped its planned listing in Hong Kong, cancelling what would have been the world's largest initial public offering this year.

SABC refutes retrenchment claims 14 July 2019, 10:39 AM

The SABC has refuted the contents of a Sunday Times article which indicates that the public broadcaster plans to cut a third of its staff.

Trump’s favourite parts of US economy are also the weakest 14 July 2019, 8:07 AM

At rallies and whistle-stop campaign tours, President Donald Trump proclaims a renaissance in US factories rebuilding the nation with "American steel," "American heart" and "American hands."

J&J faces US criminal probe related to baby powder 14 July 2019, 7:21 AM

The United States Justice Department is pursuing a criminal probe into whether Johnson & Johnson lied about potential cancer risks of its talcum powder and has convened a grand jury in Washington, Bloomberg reported on Friday, citing people with knowledge of the matter.

Zimbabwe hikes fuel price again after minister says it’s still cheap 13 July 2019, 1:20 PM

Zimbabwe’s energy regulator has raised petrol and diesel prices by up to 16%, the fourth increase this year, after the finance minister said fuel was considerably cheaper than in neighbouring countries. President Emmerson Mnangagwa announced the biggest fuel price hike in January, a 150% increase, which sparked deadly protests by financially struggling Zimbabweans that left […]

Amazon ‘Prime Day’ becomes phenomenon as rivals jump in 13 July 2019, 11:05 AM

It started as a simple sales promotion, but Amazon's Prime Day has now morphed into a major phenomenon joined by scores of retailers jockeying with the US colossus for a bigger slice of the e-commerce pie.

US approves penalty against Facebook for privacy, data protection lapses 13 July 2019, 7:05 AM

United States (US) regulators have approved a $5 billion penalty to be levied on Facebook to settle a probe into the social network's privacy and data protection lapses, the Wall Street Journal reported Friday.