South Africa – Page 4 – City Business News

October 8, 2017 No Responses

South African Regulator Approves Maersk Line’s Deal

South Africa’s competition tribunal has cleared Maersk Line’s proposed acquisition of German liner company Hamburg Süd. “The clearance is conditional upon Hamburg Süd’s withdrawal from the SAAF vessel sharing agreement operating in the South Africa – East Coast South America trade. The...

September 17, 2017 No Responses

KPMG sacks management team over financial scandal

Foremost accountancy firm, KPMG, has removed the leadership team of its South African arm after an internal investigation into work it did for the Gupta family. Chief executive Trevor Hoole, Chairman Ahmed Jaffer, chief operating officer Steven Louw and five.....

August 4, 2017 No Responses

South African Airways faces bankruptcy

South African Airways (SAA) is on the edge of bankruptcy, information made available to the country’s parliament has revealed. According to the BBC, “The national carrier may soon be unable to pay salaries”, adding, “The cash-flow statemen...

June 7, 2017 No Responses

South Africa falls into recession

(BBC) South Africa has fallen into recession for the first time in eight years after economic growth shrank by 0.7% between January and March. The downturn, due to weak manufacturing and trade, follows a 0.3% fall in GDP in the...

May 25, 2017 No Responses

Coscharis Motors wins Jaguar LandRover’s ‘customer first’, ‘technician’ of the year awards

Foremost importers and employees of Jaguar Land Rover sub-Sahara Africa were recently honoured at a colourful awards banquet in Sandton, Johannesburg, South Africa. Jaguar Land Rover’s importer partners from its sub-Saharan markets were present at the pr...

May 19, 2017 No Responses

GM South Africa reviews operations, to stop manufacturing of Chevrolet

General Motors and Isuzu Motors on Thursday announced their respective future plans for the Isuzu, Chevrolet and Opel brands in South Africa, subject to local regulatory requirements. With this announcement, Isuzu Motors intends to purchase GM’s South Af...

May 19, 2017 No Responses

Photo News

Coscharis Motors honoured at the 2017 JaguarLand Rover Sub- Sahara Africa Importers Awards in South Africa. Ufuoma Umukoro, Brand Manager (Left), President of Coscharis Group, Dr Cosmos Maduka (2nd Right) and his two sons at the Ceremony in South Africa

November 11, 2016 No Responses

Zuma survives no-confidence vote

A motion of no confidence in South Africa’s President Jacob Zuma has been defeated in parliament despite a spate of recent corruption scandals. An anti-corruption probe last week raised allegations of misconduct against Mr Zuma. Mr Zuma’s African N...

November 7, 2016 No Responses

Stowaway incidents rise in South Africa

Gothenburg-based marine insurer The Swedish Club has issued an urgent stowaway advice for shipowners to prevent stowaways from boarding vessels in South African ports, following a rise in such incidents in the last two months. Shipowners should be conce...

September 14, 2016 No Responses

Law on DNA before issuance of birth certificate underway

From 2017 onwards, all babies born to South African parents will be required to undergo DNA tests to confirm their paternity before they can be allowed to take on their fathers’ surnames, Minister of Home Affairs, Mr Malusi Gigaba has...