SARS records increase in busts at SA ports of entry

20 April 2019, 8:43 PM
The South African Revenue Service (SARS) has confiscated illegal goods valued at more than 3 billion rand at the country's ports of entry in the past financial year.
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Lebashe lawyers lash out at Holomisa 15 April 2019, 1:10 PM

Lawyers representing the Lebashe Investment Group, have lashed out at UDM leader Bantu Holomisa for failing to give concrete evidence.

Foxconn boss hints at stepping away from frontline operations 15 April 2019, 12:41 PM

Foxconn boss, Terry Gou, hinted Monday he would soon step back from frontline operations while remaining at the helm of the major Apple supplier.

WATCH: The PIC Commission of Inquiry 15 April 2019, 10:22 AM

The PIC Commission of Inquiry resumes.

US Supreme Court to hear case on vulgar trademarks 15 April 2019, 7:37 AM

The US Supreme Court takes up Monday the government's refusal to register a trademark by a clothing line named "Fuct," and arguments should be, well, salty.

Tokyo stocks open higher on US rallies, cheaper yen 15 April 2019, 5:33 AM

Tokyo stocks opened higher on Monday, taking heart from rallies in New York and a cheaper yen against the dollar.

VW electric vehicle charging
VW to take on Tesla X in China from 2021 with electric SUV 14 April 2019, 4:50 PM

Volkswagen plans to build a fully electric sports utility vehicle (SUV) for China from 2021, taking on the Chinese market leader Tesla's Model X as the German carmaker ramps up production of zero emissions vehicles.

Skoda
Rags-to-riches Skoda mulls post-Brexit sales woes 14 April 2019, 8:11 AM

Once the butt of jokes, Czech-made Skoda cars have won over Brits, but the UK's exit from the European Union could deal a heavy blow to the brand and the entire Czech economy.

A tablet
Jobs, opportunities under spotlight in EC 13 April 2019, 7:30 PM

Jobs and economic opportunities have been under the spotlight at the Walk and Economic Opportunities Expo in the Eastern Cape.

Toyota logo
Toyota sees new business opportunity in leveraging hybrid tech 13 April 2019, 3:34 PM

The head of Toyota Motor Corp's electric vehicle (EV) business told Reuters the automaker has received enquiries from more than 50 companies since announcing last week that it would offer free access to patents for EV motors and power control units.

FDA pulls up Walmart, Kroger, others for selling tobacco to minors 13 April 2019, 7:50 AM

The US Food and Drug Administration (FDA) said on Friday it has sent letters to Walmart Inc, Kroger Co and 10 other convenience store chains for selling tobacco products to minors.

Besty Diaz Velazquez
Cuban retail sales fell through during March 12 April 2019, 9:00 PM

Cuban retail sales fell sharply through March, state media said on Friday, reflecting short ages of basic goods and threatening the overall growth of the economy.

Trollip slams ANC’s failure to provide policy certainty 12 April 2019, 4:22 PM

Athol Trollip of the Democratic Alliance (DA) says the ANC's handling of the rhetoric around nationalising the Reserve Bank was an indication of the ruling party's failure to provide policy certainty. 

Manufacturing sector key to economic growth: Godongwana 12 April 2019, 3:16 PM

ANC’s Enoch Godongwana says revised manufacturing incentive packages, a supportive trade policy and cutting administrative cost will go a long way in supporting growth in the manufacturing sector. 

Indian IT giants Infosys, TCS see profits soar 12 April 2019, 3:02 PM

India's biggest software exporters reported a surge in net profits on Friday thanks to strong revenue growth and a slew of big new deals.

Carlos Ghosn
Ghosn’s detention period extended by eight days 12 April 2019, 10:30 AM

The Tokyo District Court said on Friday it had extended Carlos Ghosn's detention period by eight days, giving prosecutors until April 22 to bring formal charges against the former Nissan Motor Co boss or let him go.

Black chairs and SABC logo
New SABC board members appointed 12 April 2019, 8:23 AM

President Cyril Ramaphosa has appointed former Consumer Councillor, Mamodupi Mohlala-Mulaudzi, as the SABC Deputy Board Chairperson and retained Bongumusa Makhathini as Chairperson.

Christine Lagarde
IMF, World Bank urge caution with China loans 11 April 2019, 9:18 PM

The rising influence of lending by China to developing nations is increasingly under the spotlight amid concerns the growing debt burden and onerous conditions could sow the seeds of a crisis.

Cambodia appeals EU rice tariff at European court 11 April 2019, 4:41 PM

Cambodia on Thursday said it would take the EU to the European court after Brussels slapped the Asian country's rice imports with expensive tariffs.

Zimbabwe reaches agreement with IMF on economic reform program 11 April 2019, 1:22 PM

Zimbabwe has reached agreement with the International Monetary Fund (IMF) on a program of economic policies and structural reforms that could pave the way to the crisis-hit country re-engaging with international financial institutions.

Britain’s May seeks to sell new Brexit delay at home 11 April 2019, 1:04 PM

British Prime Minister Theresa May will try to convince her splintered country Thursday to accept a Brexit delay of up to six months she secured from EU leaders to the fury of many in her own party.

Nigerian flag.
Nigeria to propose a 67% minimum wage increase budget 11 April 2019, 11:49 AM

Nigeria plans to propose an additional budget later in 2019 to advance capital spending and fund a 67% increase in the minimum wage.

Holomisa set to continue testimony at PIC Inquiry 11 April 2019, 8:07 AM

The cross-examination of United Democratic Movement (UDM) leader Bantu Holomisa will continue at the Commission of Inquiry into impropriety at the Public Investment Corporation (PIC) in Pretoria.

General Bantu Holomisa
Holomisa stands by his PIC Inquiry testimony 10 April 2019, 9:23 PM

United Democratic Movement leader General Bantu Holomisa is back at the PIC commission of Inquiry being cross examined by representatives of companies Harrith and Lebashe linked to former deputy Finance Minister and chair of PIC Jabu Moleketi, former PIC executive Tshepo Mahloele and Warren Wheatly.

Nissan Navara
Nissan SA launches R3 billion investment in latest Navara model 10 April 2019, 3:51 PM

Nissan South Africa on Wednesday formally launched a R3 billion investment in the manufacture of the latest Navara model.

Carlos Ghosn’s lawyers appeal ongoing detention 10 April 2019, 11:43 AM

Lawyers for former Nissan chief, Carlos Ghosn, on Wednesday appealed his ongoing detention to Japan's Supreme Court, after the auto tycoon was re-arrested last week while out on bail.

Tesco’s operating profit rises higher than expected 10 April 2019, 9:41 AM

Tesco reported a better-than-expected 34% rise in full-year operating profit and hiked its dividend on Wednesday, cementing the recovery of Britain's biggest retailer under boss Dave Lewis.

Botsang Morobe.
WATCH: The PIC Commission of Inquiry 10 April 2019, 9:11 AM

The Commission of Inquiry into impropriety at the Public Investment Corporation (PIC) continues in Pretoria on Wednesday morning.

The Uber Hub is seen in Redondo Beach, California.
Uber plans to sell around $10 billion worth of stock in IPO 10 April 2019, 5:40 AM

Uber Technologies Inc has decided it will seek to sell around $10 billion worth of stock in its initial public offering, and will make public the registration of the offering on Thursday, people familiar with the matter said on Tuesday.

Two fashion models in dresses
H&M limits free deliveries for low-spending loyalty club members 9 April 2019, 9:18 PM

Fashion retailer H&M has reintroduced delivery fees for its core brand's loyalty club members on small online orders to cut logistics costs and help restore group profitability.

Amid trade tensions and Brexit worries, IMF cuts global growth outlook 9 April 2019, 3:10 PM

The International Monetary Fund on Tuesday cut its global economic growth forecasts for 2019 and warned growth could slow further due to trade tensions and a potentially disorderly British exit from the European Union.