SA Business Archives - Page 58 of 58

While you were asleep: Meme stock frenzy boosts markets, gold shines

3 Jun 2021 3 Jun 2021

The Federal Reserve announced that it would start selling its portfolio in corporate bonds, signalling the first move in unwinding emergency policies it launched in March last year to stem the panic the Covid-19 pandemic caused in financial markets. This sent gold to stabilise near 5-month highs at $1,900. Meanwhile global equities edged higher on hopes …

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Burger King share price stumbles amid BEE sale hurdle

2 Jun 2021 2 Jun 2021

The parent company of Burger King SA, Grand Parade Investments (GPL) saw its share price drop 11% today following the announcement of a proposed sale to ECP Africa, a private equity firm, which would have reduced its BEE ownership from 68% to 0%. In a statement released by the Competition Commission today, both parties put …

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Barloworld disposes of its motor vehicle division in R1bn sale

2 Jun 2021 2 Jun 2021

Barloworld shed a large portion of its business after completing the sale of its motor retail business for R856m with a further R150m expected to be paid over the next two years, according to Business Day. According to the group, the sale of the division comes after a decision was made to pivot the business away …

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From Elon Musk to Mark Zuckerberg, how much were these CEOs paid in 2020?

1 Jun 2021 2 Jun 2021

Despite the effects of the global pandemic on salaries the CEOs of the largest companies in the US still had a record-breaking year, setting a fifth straight annual record as median salary pay topped out at around $13.4 million, according to the Wall Street Journal. The WSJ analysed data compiled by MyLogIQ to determine that chief …

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From Elon Musk to Mark Zuckerberg, how much were these CEOs paid in 2020?

1 Jun 2021 2 Jun 2021

From Elon Musk to Mark Zuckerberg, how much were these CEOs paid in 2020? Read More »

SA is tumbling down the global investment rankings

1 Jun 2021 1 Jun 2021

South Africa faces the grim prospect of massive economic decline unless urgent changes are made to its economic model and growth-friendly policies are implemented according to a column published by Business Day. According to consultancy firm, Eunomix Business & Economics, SA needs to implement growth-friendly policies and reform its economic model or deal with a …

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