Mozambique's National Petroleum Institute said on Friday it had not yet been notified of any intention by ExxonMobil and Total to renegotiate a resource-sharing agreement for their massive LNG projects in the country.
Walt Disney Co said on Wednesday it would layoff 32,000 workers, primarily at its theme parks, an increase from the 28,000 it announced in September as the company struggles with limited customers due to the coronavirus pandemic.
European regulators on Tuesday began the timetable for a return of the Boeing 737 MAX to Europe's skies early next year after an almost two-year flight ban caused by fatal crashes.
AstraZeneca said on Monday its vaccine for the novel coronavirus could be around 90% effective without any serious side effects, the latest drugmaker to unveil positive interim data in a scientific race to curb a global pandemic.
Finance ministry said on Saturday the ratings downgrade by Moody's and Fitch will increase the country's borrowing costs and constrain its fiscal framework.
Santam said on Friday it will appeal against a court ruling that found the country's largest non-life insurer liable to pay a client's claim related to the coronavirus lockdown.
The SA Reserve Bank’s monetary policy committee left the benchmark interest rate unchanged at 3.5% in its last scheduled meeting for the year on Thursday.
BMW on Wednesday said it will retool its German factories to build electric cars and components and shift manufacturing of combustion engines to plants in Austria and England as part of a broader shift towards low-emission cars
Grocery retailer Pick n Pay will start providing mobile phone services to try to grow its value-added and financial services business, seeking to drive down data costs for its customers.
Ramaphosa has to juggle his pro-business approach with left-leaning elements of the ruling African National Congress (ANC) pushing for radical economic reform.
The Western Cape is expecting one of the biggest winter grain, barley and canola harvests in recent history, “shattering previous records”, the agriculture MEC Ivan Meyer said on Wednesday.
Twitter Inc said on Tuesday it was globally launching tweets that disappear after 24 hours, similar to the stories feature that is popular on Snapchat and Facebook's photo-sharing app Instagram.
The expected decline, despite a strong sales recovery in China, is at the lower end of a 20% to 35% range which Bain's closely followed industry forecast had predicted in May.
Two university of Cape Town students aggrieved by the high cost of travelling home for holidays and semester breaks have come up with a groundbreaking business idea that has made travel cheaper and more convenient for students across the country.
With the SA economy showing signs of stability, government will now shift its focus from relief measures to implementing a recovery plan, President Cyril Ramaphosa said on Wednesday night.
Broadcasters may no longer air advertisements from the company which owns what it claims to be “South Africa’s number one slimming brand”, Herbex, after a ruling this week by the Advertising Regulatory Board on its Ultraslim product ad.
