Blog Profile / Business Report


URL :http://www.iol.co.za/business
Filed Under:Business & Finance
Posts on Regator:28678
Posts / Week:88.6
Archived Since:June 8, 2011

Blog Post Archive

US Powerball has now reached a hefty $650million prize

INTERNATIONAL - Nobody won a Powerball jackpot of $535million (R7.03billion) in a draw on Saturday night, meaning that the grand prize will grow to about $650m, the second-highest winning level in the Powerball history. The numbers drawn...Show More Summary

Israel, the land of milk and honey - and now of whiskey, too

INTERNATIONAL - One appropriately named distillery is trying to turn Israel into a whiskey powerhouse. Smooth, honey-brown whiskey is not the first thing that comes to mind when most people think of Israel. But at the Milk and HoneyShow More Summary

R2.62bn in Swedish krone may go to charity

SWEDEN - Time is running out. About 1.6 billion kronor (R2.62bn) of coins will soon be worthless in Sweden. A charity is now urging people to dig these out from between sofa cushions, kitchen jars or wherever they’re hidden to create...Show More Summary

As Congo finances collapse, government left with few options

KINSHASA - As Congo's government was soliciting urgent help from Western donors and the IMF last month to contain an economic crisis, the chairman of the state mining company brought an unusual guest to the prime minister's office. It...Show More Summary

Metair eyes Russia, China, India for growth

JSE-LISTED Metair is confident that with its refined strategy it is possible to reach its target of producing 50m batteries across five continents in the next five years. Managing director Theo Loock said yesterday that Metair remained...Show More Summary

Forbes list of highest paid actresses for 2017

DURBAN - Emma Stone at just 28 years old has now becomes the highest paid actress according to a list by Forbes of The World’s Highest Paid Actresses 2017. The young Hollywood starlet banked $26 million pretax. Her earnings from her movie musical film, La La Land, is the reason behind the bulk of her pay. Show More Summary

Nigeria’s R500 billion railway plan is on track

ABUJA - Nigeria has commenced R546 billion railway expansion to reduce dependence on oil and diversify its struggling economy by improving transport links to allow the movement of goods around the country and to ports. “The plan we have...Show More Summary

10 CEO's who dumped Trump over Charlottesville comments

WASHINGTON - Donald Trump announced on Twitter that he was shutting down two of his central business advisory councils. This came after several executives quit in protest over the president's earlier policy decisions and his response...Show More Summary

Nigerian billionaire looks to buy Arsenal

CAPE TOWN - Arsene Wenger faces end of his career as Arsenal football club manager, if Nigerian billionaire, Aliko Dangote succeeds in buying the English Premier League club. According to Bloomberg, Dangote’s first order of businessShow More Summary

Cyber attack cost Maersk R2.6 billion

COPENHAGEN - The June cyber attack that paralysed the computer systems in companies around the world is estimated to have cost the world’s biggest container shipping line between $200 million (R2.66 billion) and $300m, A P Moller-Maersk said. Show More Summary

LinkedIn made to back off after judge rules in favour of hiQ Labs

INTERNATIONAL - This comes, in a test of how much control a social media site can wield over information its users have deemed to be public. US District Judge Edward Chen in San Francisco granted a preliminary injunction request brought...Show More Summary

Air Berlin files for insolvency

Berlin - The move by the struggling airline forced the German government to step in to provide it with temporary credit of €150m ($176m) so as to help it continue operating. "Air Berlin operations can be carried on to its full extent,...Show More Summary

Ex-head of Mexico's state oil company denies taking bribes

MEXICO CITY - Emilio Lozoya says he was never corrupt and suggests the allegations are being made by executives seeking to reduce their own sentences in Brazil. The Brazilian newspaper O Globo said Sunday it has obtained statements made by former Odebrecht director Luis Alberto de Meneses Weyll to investigators. Show More Summary

No punishment for US business with Qatar

INTERNATIONAL - This comes, according to four different sources. Foreign firms have become increasingly cautious on their cross border dealings over concerns they could fall foul of the region’s biggest diplomatic crisis in years. Saudi...Show More Summary

Textile exports disappoint

ETHIOPIA - The East African country earned $89.3m (R1.2billion) out of a planned $271m during the Fiscal Year. On Saturday, Assess Tesfaye, Corporate Communications Director at Ethiopia Ministry of Industry said insufficient supply of manufacturing inputs, delay in commissioning of several industries contributed to the under achievement. Show More Summary

Tesla production ignited by bond sale

Musk’s electric-car maker Tesla raised $1.8bn (R24.21bn) in its debut bond sale on Friday, boosting the amount by $300m to meet demand. The eight-year bonds were priced at a record low yield of 5.3% - a touch higher than initial talk of 5.25%. Show More Summary

Electric car owners earn money just for parking their vehicles

INTERNATIONAL - Trials in Denmark carried out by Nissan and Italy’s biggest utility, Enel, showed how batteries inside electric cars could help balance supply and demand at times and provide a new revenue stream for those who own the...Show More Summary

Iran eyes more funds for missiles, Guards after U.S. sanctions

DUBAI - Lawmakers overwhelmingly approved the outlines of the bill to "counter America's terrorist and adventurist actions" as some chanted "Death to America", the state broadcaster IRIB reported. The measure came in retaliation to legislation passed by U.S Congress and signed by U.S. Show More Summary

Upheaval over plastic £5 note

ENGLAND - The bank of England said earlier this week that it would not change the way its new plastic banknotes are made, despite concerns among some vegetarians and religious groups about trace amounts of animal fat used in their production. The...Show More Summary

BRICS New Development Bank appoints South Africa's representatives

The BRICS New Development Bank (NDB) confirmed that Dondo Mogajane, Director-General of the National Treasury has been appointed as the new Director to represent South Africa. This comes after the expiration of Tito Mboweni's term as Director of the NDB in early July. Show More Summary

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