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Clothing and textile conglomerate Seardel Investment Corporation has proposed closing down Intimate Apparel, a division that makes well-known brands of lingerie and swimwear.
The CEO of 1time Holdings, Glenn Orsmond, said the recent merger between their maintenance unit Aeronexus Technical, and Safair Technical, was badly handled.
Gareth Penny who, during five years as CEO of De Beers, presided over profound changes in the way the Anglo American-owned group operated, said he would quit the company "in the coming months".
FNB's Housing Finance unit plans to grow the total value of loans granted to customers with monthly incomes of up to R15000 by as much as 30% annually. This was a drop in the ocean in a market with an estimated demand of 600000 houses.
Alexander Forbes saw its net loss narrow to R129m for the year ended March 31, from R464m a year earlier. The JSE-listed retirement fund administrator said it had also made progress in solving legacy issues during the year.
Volkswagen South Africa (VWSA) has unveiled a R230m distribution centre in Centurion and announced a commitment to spend a further R500m on production facilities in South Africa.
Media company Naspers [JSE:NPN] said on Thursday it expects earnings to fall by up to half from the previous year, when its results were boosted by profits from the sale of a Greek unit.
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Nicholas van Wyk is the new Technical Support Executive of the Association of Certified Chartered Accountants South Africa (ACCA SA).
Although Aids remains one of the country's greatest challenges, Dr Gerhard Dippenaar is giving HIV positive South Africans a ray of hope.
Jenna Clifford, art-jewellers extraordinaire, has, on offer, a Football Collection produced in the spirit of the 2010 World Cup.
Although the recession had a negative impact on most businesses, JHI excelled above the rest, approving to be a market leader in South Africa.
The Development Bank of Southern Africa (DBSA) aims to provide support to developmental initiatives in South Africa and the Southern Africa Development Community (SADC) region.
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