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Sowetan Live – Business News

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, published by Tiso Blackstar Group in Johannesburg, is the website of the Sowetan, the English-language South African daily newspaper that started in 1981 as a liberation struggle publication and which serves a proudly South African readership who have earned the right to be in the know and on the move.

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Aptamil maker Danone SA has stepped up shipments of infant formula from Europe to address a shortage in the United States, according to US customs data and an analysis of ocean cargo data by shipping consultancy Ocean Audit for Reuters.
Posted: May 20, 2022, 11:46 am
Retailer Steinhoff has been informed it faces about €3.2bn (about R53.6bn) worth of claims in its settlement with shareholders who lost money when its stock plunged after the revealing of an accounting fraud in 2017, it said on Friday.
Posted: May 20, 2022, 8:43 am
Cape Town is the most in-demand route between the US and SA without non-stop service.
Posted: May 19, 2022, 7:40 am
Elon Musk said on Tuesday his $44bln offer would not move forward until Twitter Inc shows proof that spam bots account for less than 5% of its total users.
Posted: May 17, 2022, 12:05 pm
SPONSORED | Payable over 24 months, FNB Connect ‘Hero Device Deals’ offers customers high-end smartphones, laptops and tablets
Posted: May 17, 2022, 10:40 am
Nigeria's economic crimes agency said on Monday night it had arrested the country's accountant general over charges of diverting public funds and money laundering to the tune of 80bln naira ($193mln).
Posted: May 17, 2022, 9:25 am
Uber Technologies Inc on Monday said it launched pilot food delivery services with autonomous vehicles in two California cities, and said it was adding electric vehicle charging stations into its global driver app.
Posted: May 17, 2022, 7:51 am
The National Union of Mineworkers (NUM), one of Ubank's major shareholders, said it was shocked and surprised by the Reserve Bank move to put Ubank under curatorship after it raised the required amount.
Posted: May 17, 2022, 7:47 am
The insurance crime bureau has warned of an increase in car thefts by criminal syndicates using a method known as a “relay attack.”
Posted: May 17, 2022, 7:36 am
General Motors Co, Ford Motor Co and Chrysler parent Stellantis NV said on Sunday they are reinstating a requirement that employees wear masks in southeastern Michigan where there are high levels of Covid-19.
Posted: May 16, 2022, 7:28 am
Speaking to TimesLIVE, McDonald's spokesperson Daniel Padiachy said they were in contact with the family and the matter is being investigated.
Posted: May 13, 2022, 8:58 am
NPO FairPlay has reiterated its call to government to remove the 15% VAT from the chicken portions most consumed by lower income households.
Posted: May 13, 2022, 8:49 am
The launch of the Soweto Investment Conference 2022 was marred by drama after Joburg MMC for economic development Nkuli Mbundu left as MEC Parks Tau spoke.
Posted: May 13, 2022, 6:04 am
The labour court has ordered workers at ArcelorMittal SA Ltd's steel plants, blast furnaces and coke batteries to be excluded from an ongoing job boycott.
Posted: May 12, 2022, 10:00 am
Dis-Chem has confirmed an “unauthorised party” gained access to a database containing the personal information of more than 3.6-million people which could be used for criminal activities, such as phishing attacks.
Posted: May 12, 2022, 7:50 am
A record number of complaints about bank conduct was received by the ombudsman for banking services (OBS) last year, with internet banking fraud cases the biggest contributor.
Posted: May 12, 2022, 4:46 am
Toyota SA has resumed some operations at its Prospecton plant near Durban, which was closed due to extensive damage caused by the recent KwaZulu-Natal floods.
Posted: May 11, 2022, 12:23 pm
For many years, stokvels have served as a helpful savings tool for our people. However, due to them existing informally in the past, the industry’s regulatory aspect consists of some grey areas.
Posted: May 11, 2022, 11:33 am
SA's largest metal-workers' union began a strike at ArcelorMittal South Africa Ltd on Wednesday after wage negotiations broke down, the steelmaker said in a statement.
Posted: May 11, 2022, 9:28 am
Alex Tumisang Lekgau is the first licensed hydrogen truck operator in Africa and operator of the largest one in the world.
Posted: May 11, 2022, 7:14 am
Netflix Inc could introduce its lower-priced ad-supported subscription plan by the end of the year, earlier than originally planned, the New York Times reported on Tuesday.
Posted: May 10, 2022, 2:35 pm
President Cyril Ramaphosa has acknowledged the need to address regulatory and administrative problems to ensure the mining industry thrives.
Posted: May 10, 2022, 12:25 pm
Foreign food-delivery workers in the United Arab Emirates staged a mass walk out on Monday, calling for better pay and working conditions in a rare instance of industrial action in the country.
Posted: May 10, 2022, 11:54 am
SA's government is still analysing details of a R137 bln financing package offered by rich Western nations last year to help the country shift away from coal, environment minister Barbara Creecy.
Posted: May 10, 2022, 11:38 am
The World Health Organization is calling for governments to integrate comprehensive restrictions or bans on alcohol marketing as digital marketing, across borders target the young and heavy drinkers with "sophisticated" online marketing.
Posted: May 10, 2022, 8:21 am
Shell on Thursday reported a record first-quarter profit of $9.13 bln, boosted by higher oil and gas prices, stellar refining profits and the strong performance of its trading division.
Posted: May 5, 2022, 12:02 pm
Africa's top public health body urged all those purchasing Covid-19 vaccines for the continent to place orders with South Africa's Aspen Pharmacare , saying the market was key to developing vaccine manufacturing on the continent.
Posted: May 5, 2022, 10:35 am
Gold Fields Ltd on Thursday reported a 7% increase in first quarter production while flagging the impact of rising inflation on costs.
Posted: May 5, 2022, 9:52 am
Capital One Partners (COP), which was established in 2019, is aimed at building wealth through investing in financial markets.
Posted: May 4, 2022, 2:56 pm
Mining companies in SA have resorted to trucking coal to ports to meet a surge in European demand since the war in Ukraine started.
Posted: May 3, 2022, 9:17 am
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