Business In The News South Africa

Foschini hauled to consumer tribunal over selling club magazine subscriptions

JOHANNESBURG, July 4 – Foschini Retail Group, a wholly-owned subsidiary of TFG (The Foschini Group), on Tuesday was referred to the National Consumer Tribunal for allegedly being in breach of the National Credit Act for selling its club magazine subscriptions to consumers. TFG said National Credit Regulator considered the selling the club magazine subscriptions to be […]

Africa Business In The News

MTN goes global to appoint procurement and supply chain head

JOHANNESBURG, July 4 – MTN Group on Tuesday appointed international executive Dirk Karl to head up group procurement and supply chain management, effective no later than 1 November. Karl joins MTN from Buyln, the procurement joint venture between Deutsche Telekom and Orange, where he was senior vice president for network technology. Prior to joining Buyln in 2011, Karl […]

Business In The News South Africa

SA records trade surplus of R9.5 bln for May – SA Revenue Service

CAPE TOWN, June 30 – South Africa registered a trade balance surplus of R9.5 billion for May this year, according to trade statistics released by the South African Revenue Service (Sars) on Friday. The stats, which include trade information with Botswana, Lesotho, Namibia and Swaziland, shows a year-to-date improvement in the trade balance. Between January […]

Business In The News South Africa

Zwane meets with Anglo Gold Ashanti after retrenchments announcement

JOHANNESBURG, June 30 – Mineral Resources Minister, Mosebenzi Zwane, on Friday instructed the Minerals and Petroleum Board to verify whether the information provided by Anglo Gold Ashanti that it plans to retrench over 8,000 workers took into consideration industry commitments to save jobs. This comes after AngloGold Ashanti said on Wednesday that it had started a consultation process […]