Transport Minister Asks Auditor-general to Investigate Alleged Tender Irregularities at PRASA

Transport Minister Asks Auditor-general to Investigate Alleged Tender Irregularities at PRASAThe Transport Ministry said that, Dipuo Peters, the Transport Minister of SA has asked the auditor-general to investigate allegations arising from financial and tender irregularities at the Passenger Rail Agency of SA (PRASA).

AMSA Looking for Lowering Its Iron Ore Cost With or Without Kumba

AMSA Looking for Lowering Its Iron Ore Cost With or Without Kumba On Friday, the chief executive at ArcelorMittal South Africa (AMSA), Paul O'Flaherty, said that if Kumba Iron Ore does not consider lowering its prices, the steel producer might consider importing cheaper iron ore.

Kumba is the biggest iron ore producer of Africa and whether or not it agrees to the terms will be seen in the near future.

Heineken’s First Half Results Surpasses Market Expectations Despite Slow Growth in Africa

Heineken’s First Half Results Surpasses Market Expectations Despite Slow Growth in AfricaHeineken NV, the Dutch brewer reported its first half earnings result that beat the market expectations. The third largest brewer in the world reported increased profits in all the markets except Africa. It also maintained its full year growth forecast although it's lesser than last year.

If Benefit Agreement is Not Reached Verizon Union Workers May go on Strike

If Benefit Agreement is Not Reached Verizon Union Workers May go on StrikeIf Verizon cannot reach an agreement related to benefits with worker union negotiators by the end of Saturday, then the workers might go on a strike starting from Sunday.

Brian Moynihan Wants to Continue with His Dual Role in Bank of America; Share holders Vote Likely

Brian MoynihanBrian Moynihan, the CEO and Chairman of Bank of America, is hoping that he could keep continuing with his current two roles.

Second Quarter Airbus Profit Increases Owing to Higher Deliveries of Planes

Second Quarter Airbus Profit Increases Owing to Higher Deliveries of PlanesIn the second quarter, Airbus Group SE reported fifteen percent increase in its profits owing to higher delivery of civil airliners. That also included its A320 single-aisle model.

El Nino Weather May Hit Sugar Crop Resulting in Rebound of Sugar Prices

El Nino Weather May Hit Sugar Crop Resulting in Rebound of Sugar PricesSugar crops all around the world may suffer from an El Nino changed weather pattern. This could simply mean that the global demand may surpass the supply in the forthcoming season speeding up the rebound sugar prices from a six and half year low witnessed in the previous month.

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