Business In The News International

Coca-Cola gains after new drinks, Coke Zero boost earnings

Coca-Cola’s push to diversify its drinks and spin off company-owned bottlers is bearing fruit. The company posted sales that beat analysts’ estimates in the fourth quarter, helped by its growing beverage portfolio and reformulations. Profit also topped projections. Coke’s results validate its strategy of become a marketing and drink-formulation company — rather than a bottler. […]

Business In The News South Africa

High court in Pretoria sets aside Mkhwebane’s R1.125 billion Absa order

JOHANNESBURG, February 16 – The high court in Pretoria on Friday set aside Public Protector Busisiwe Mkhwebane’s controversial findings and remedial action ordering ABSA bank to pay R1.125 bn in what she said was accumulated interest for unpaid apartheid era bailout loans. The public protector had concluded that the SA government and the SA Reserve bank […]

Business In The News South Africa

Moody’s says monitoring policy implications of SA leadership changes

JOHANNESBURG, February 15  – Moody’s said on Thursday it was closely monitoring developments in South Africa after President Jacob Zuma’s resignation, and was focused on the policy implications of ongoing changes in the country’s leadership. “The key point from a credit perspective will be the new leadership’s response to the country’s economic and fiscal challenges and progress in implementing reforms addressing […]

Business In The News South Africa

Competition Commission seeks penalty against SA Airlink over pricing

JOHANNESBURG, February 14 – The Competition Commission said on Wednesday it had referred SA Airlink, a privately controlled regional feeder airline, to the Competition Tribunal for prosecution on charges of “excessive and predatory pricing”. The commission said this followed complaints lodged by businessman Khwezi Tiya, low cost carrier Fly Blue Crane and the OR Tambo District […]

Business In The News South Africa

KZN businesses on a trade mission to seek opportunities in Zambia

CAPE TOWN, February 12  – Torino Lounge, a KwaZulu-Natal based manufacturer of lounge suites, will be one of 12 local companies seeking to expand their client base when they participate in a trade mission and business engagements in Lusaka, Zambia, in March. Trade and Investment KwaZulu-Natal (TIKZN), a provincial agency which promotes KZN as an […]