Business In The News South Africa

Spur FY2017 earnings decline following racial spat at restaurant

JOHANNESBURG, September 7 – Chain restaurant owner Spur Corporation reported a 25.9 percent decline in headline earnings from continuing operations to R135.1 million in the year to June 2017.   Spur said this was a result of discretionary spending which came under increasing pressure because of deteriorating economic conditions and growing uncertainty that gripped the country.   The […]

In The News South Africa

ANC in Nelson Mandela Bay outraged by comrade’s ‘assassination’

PORT ELIZABETH, September 7 – The African National Congress (ANC) in Nelson Mandela Bay has expressed shock and outrage at the “assasination” of branch leader, Mandisi Thando Xakaxa, from Zwide. According to police, Xakaxa’s killing appeared to be a hit and the motive linked to tenders. Xakaxa was gunned down on Wednesday night in his driveway at […]