JOHANNESBURG South African retailer Steinhoff reported a 356 million euros ($401 million) half-year loss from continuing operations on Friday, as the damage from a massive accounting scandal drags on.
JOHANNESBURG, July 11 South African department
chain Woolworths said on Thursday it had turned around
its fashion, beauty and home business after fixing poor product
choices in clothing, which had weighed on its sales the previous
JOHANNESBURG Naspers on Wednesday appointed Phuthi Mahanyele-Dabengwa to the newly-created role of chief executive of South Africa for the media and e-commerce group.
(Corrects June 21 story to remove Naspers reference from headline and lead as Naspers no longer owns MultiChoice)
JOHANNESBURG South Africa's Naspers has been forced to delay the multi-billion euro flotation of its international internet assets, including its lucrative stake in China's Tencent, after an admin error by a third party involved in the float.
JOHANNESBURG Steinhoff International warned of the lingering damage from a massive accounting scandal after the South African retail group reported a 1.2 billion euro ($1.3 billion) annual loss, sending its volatile shares down 8 percent. | Video
JOHANNESBURG, June 18 South African retailer
Steinhoff on Tuesday reported a 1.2 billion euro ($1.34
billion) loss for the 2018 fiscal year, in a much-delayed
earnings report revealing the impact of an accounting fraud put
at $7.27 billion.
JOHANNESBURG, June 7 South African Airways (SAA)
appointed its head of operations as acting chief executive on
Friday and said it needs 4 billion rand ($265 million) from the
government to survive the current financial year.
JOHANNESBURG South African Airways' CEO Vuyani Jarana has resigned after less than two years in the job, saying his turnaround strategy for the loss-making airline was being undermined by a lack of state funding and too much bureaucracy.
JOHANNESBURG, May 31 South African budget
retailer Mr Price Group has closed its Australian test
stores due to low returns, it said on Friday, underscoring the
costs of expanding into new foreign markets, where retailers are
fighting for market share.