Payments firm Square Inc on Thursday agreed to buy a majority ownership stake in Tidal, a music streaming service owned by rapper Jay Z, for $297 million in cash and stock.
The huge public deficits that have piled up as governments bail out their pandemic-hit economies are prompting the first rethink of a four-decade decline in corporate tax rates worldwide.
Alibaba and Ant Group founder Jack Ma has lost the title of China's richest man, a list published on Tuesday showed, as his peers prospered while his empire was put under heavy scrutiny by Chinese regulators.
After the Covid-19 pandemic wreaked havoc on the hospitality industry across the world, two newly graduated hospitality students were sent back to SA after losing their lucrative jobs overseas.
Standard Bank has hired an independent environmental and social advisor to help assess its involvement in Total's East African Crude Oil Pipeline that environmental groups have opposed, it said on Monday.
Living with a man who fixed cars every time he came back from work inspired Zakhele Mkhize to think about becoming an accountant as he hated what he saw.
South Africa has signed an agreement with Johnson & Johnson to secure 11 million COVID-19 vaccine doses and will ease restrictions due to a decline in new cases, President Cyril Ramaphosa said on Sunday.
MTN Group remains committed to negotiating a R982 million sale of its 75% stake in its Syrian unit, the South African mobile operator said on Sunday, despite the business being placed under judicial guardianship last week.
Retail group Steinhoff is to sell the properties of its European subsidiary Conforama Iberia and lease them back, it said on Friday, as part of efforts to cut debt and pay back creditors.
The government’s decision to ban the sale of alcohol and tobacco products has hit it hard in the pocket as more than R24bn could have been collected in excise duty or “sin” taxes.
Facebook will restore Australian news pages after Canberra offered amendments to a proposed law designed to force tech giants to pay for media content displayed on their platforms, Treasurer Josh Frydenberg said on Tuesday.
The Beer Association of SA (Basa) has called on finance minister Tito Mboweni to offer the industry some tax relief ahead of his budget speech on Wednesday.
Imperial Logistics is ready to proceed with an exit from its international business as part of its strategy to focus on Africa, the freight group said on Tuesday as it posted a 43% drop in half-year headline earnings.
French luxury goods group LVMH's Moet Hennessy unit confirmed on Monday a champagne deal with rap star Jay-Z, whereby Moet Hennessy will buy a 50% stake in Jay-Z's Armand de Brignac champagne brand.
Anglo American Platinum (Amplats) on Monday posted a price-driven jump in annual profit and set its sights on boosting output by 20% while looking to capitalises on global decarbonisation efforts.
South Africa's consolidated fiscal deficit is expected to narrow this year because of an economic rebound, although the long-term trend of higher debt remains unchanged due to COVID-19 and pre-existing spending, a Reuters poll forecast on Friday.
Sibanye-Stillwater reported on Thursday a rise in 2020 earnings and reduced debt, helped by higher metals prices and output, and said it could now focus on how best to use its capital to serve stakeholders.
SAA has received a further 5 billion rand ($346 million) from the Department of Public Enterprises to complete severance payments that form part of its rescue plan, bankruptcy administrators said.
Global auditor KPMG's SA arm will no longer offer "non-audit-related services" to companies listed in the country, the firm said on Monday, hoping to restore trust in its operations here.
Future economists believe that a change in the mandate and ownership of the SA Reserve Bank (SARB) would be detrimental to already poor economic growth.
