Business In The News International South Africa

Bell Pottinger expelled from UK and MENA-based PR body

JOHANNESBURG, September 5  – Prominent UK-based PR firm, Bell Pottinger, was expelled from the Public Relations and Communications Association (PRCA) for work it did for Oakbay and the controversial Gupta family. “Bell Pottinger’s membership has been terminated with immediate effect. Bell Pottinger will not be eligible to reapply for corporate membership of the PRCA for a minimum period of […]

Business In The News South Africa

PetroSA signs $400mln oil and gas development agreement with Russia

JOHANNESBURG, September 4 – The embattled national oil company, PetroSA, on Monday signed a U.S.$400 million agreement with the Russian state-owned geological company, Rosgeo, to be invested in oil and gas development. The agreement was signed in the presence of Ministers of Energy at the 9th Annual Brics Summit currently underway in Xiamen, Peoples Republic of […]

Business In The News South Africa

Wits University students win beer brewing competition

JOHANNESBURG, September 4 – The University of Witwatersrand (Wits) has been named the overall winner of the 10th Annual SAB Intervarsity Beer Brewing Champions 2017, ousting defending champions the University of Cape Town. Wits’ Big Petr Pils, a lager, claimed the top honour of Castle Lager Best Bru Award and the Carling Black Label Best Lager. The 10th annual SAB Intervarsity Beer Brewing […]

Africa Business In The News South Africa

Numsa welcomes public protector probe into corruption and maladministration at SAA, threatens strike action

JOHANNESBURG – The National Union of Metalworkers of South Africa (Numsa) has welcomed the public protector’s decision to investigate maladministration, corruption, and tender irregularities at South Africa Airways (SAA) and threatened strike action if the airline does not implement recommendations made in a forensic report on the matter.   This followed a complaint lodged by […]

Africa Business In The News South Africa

Ramaphosa says price fixing hurts the poor, stifles jobs

JOHANNESBURG, September 1 – Deputy President Cyril Ramaphosa on Friday, warned against cartels saying that price fixing hampers development, reduces job opportunities and causes undue hikes in prices of goods. “When organised cabals steal from public resources and unsuspecting consumers, they break trust, undermine social cohesion and destroy lives,” Ramaphosa said speaking at the 11th annual competition law, economics […]

Africa Business In The News International South Africa

BRICS Leaders to Adopt Joint Action Plans on Economy, Innovation, Customs Cooperation

MOSCOW, September 1 – The leaders of the BRICS countries are expected to adopt action plans on economy, innovation and customs cooperation at the 2017 BRICS summit in China, Russian presidential aide Yury Ushakov told reporters on Thursday. “Documents to be signed after the meeting of the business council include an action plan for the […]