What happened overnight in Business

The Foschini Group (TFG) on Wednesday officially opened its newly-expanded and revamped R75 million Prestige Clothing factory in Caledon in the Western Cape.

Full story

Molefe removed as Eskom CEO, board may face chop too

Following this announcement, Minister Lynne Brown said she would appoint an acting CEO within 48 hours.

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Online Services

BREAKING BUSINESS NEWS

European stocks give up gains

Gains in European stocks were short-lived as bank shares slumped and miners and energy producers tracked losses in crude prices.

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Oil falls amid doubts American tower to purchase Spain's Cellnex TFG boosts local manufacturing with revamped R75mln factory Molefe removed as Eskom CEO, board may face chop too

NEWS

Durban diplomats told to stay home during taxi strike

A diplomatic breakfast meeting intended to sell the eThekwini Metro as a choice foreign investment destination fell flat on Wednesday because of the massive taxi strike in the city.

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BREAKING NEWS: Eskom boss to be removed Miners frozen out Private credit extension increases in April Toyota plant faces taxi blockade

COMPANY NEWS

TFG boosts local manufacturing with revamped R75mln factory

The Foschini Group (TFG) on Wednesday officially opened its newly-expanded and revamped R75 million Prestige Clothing factory in Caledon in the Western Cape.

Full story

Molefe removed as Eskom CEO, board may face chop too Kibo Mining begins development work at Imweru project BREAKING NEWS: Eskom boss to be removed Robben Island Tender: Boat owners charged for #PriceFixing

INTERNATIONAL

European stocks give up gains

Gains in European stocks were short-lived as bank shares slumped and miners and energy producers tracked losses in crude prices.

Full story

Oil falls amid doubts American tower to purchase Spain's Cellnex Deutsche Bank fined $41 million Firmer US demand signals a rate hike

MARKETS

Tobacco farming methods causing 'massive harm'

Tobacco growing causes “massive harm” to the environment through extensive use of chemicals, energy and water, and pollution from manufacturing and distribution.

Full story

Pound rising as UK voting day nears Africa corn silos overflow as food crisis hits east Analysis: Finally Opec and shale oil industry talk Rand fall softens SA bank shares

OPINION/ANALYSIS

The lure of tobacco

Over the last couple of decades, great effort was made to reduce tobacco consumption rates the world over.

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Small business making a difference Make it work The impact of downgrading China Wiseman: Tribute to a remarkable newsman and torch-bearer

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