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Mini-Budget: SA’s growth slows yet again

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South African Finance Minister Pravin Gordhan says SA’s economy is now only likely to grow at 0.5 percent this year, which is lower than previous estimates. The minister is delivering his Medium Term Budget Policy Statement today (October 26). To counter this, more belt-tightening measures will be put in place, …

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“Go Hard or Go Home”.

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…Except you just struck oil in your backyard or aunt Lucy left you fifty million big ones to splurge on, the reality is that It’s a fish eat fish business clime out there as economies the world over strive to achieve sustainability. This state of affairs has trickled down resulting …

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The Mercedes-Benz Pickup Truck Is Almost Here

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Ready or not, here it comes: Mercedes-Benz will reveal its pickup truck on October 25th. The truck will be revealed in Sweden at 6:30 p.m. local time, in an event hosted by a who’s who of Daimler bigwigs: Daimler chairman and automobile division head Dieter “Dr. Z” Zetsche; Volker Mornhinweg, …

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British American Tobacco plans $47bn Reynolds merger

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British American Tobacco is planning to merge with its US partner Reynolds in a deal valued at $47bn (£38bn). BAT wants to buy the 57.8% of Reynolds it does not already own. The merger would bring together some of the tobacco industry’s best-known brands, including Lucky Strike, Rothmans, Dunhill and …

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MTN says it complied with funds transfer rules Nigeria

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MTN  complied with Nigerian fund transfer rules and did not send money out of the country until it obtained regulatory approvals, the South African telecoms company said on Friday, denying allegations that it illegally repatriated $14 billion. MTN requested “certificates of capital importation (CCI)” for capital brought into Nigeria and …

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Airbus Group: Aircraft manufacturers to establish office in Nigeria

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 Denys Gauer, the French Ambassador to Nigeria, says that Airbus Group, the largest aircraft manufacturers and leasers in the world will open an operational office in Nigeria. In a statement on Thursday in Abuja, Gauer said that the decision on the office was a mark of confidence in the Federal …

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