MEDIA: National Business News Summary
Recent Gauteng Business News
Major food producer Pioneer have been slapped with a R195 million fine by the Competition Tribunal for its role in a bread cartel. They are now looking through the charges considering an appeal.
In reaction to comments made about the government buying shares in the mining industry earlier this week, the SA Students Congress have thrown their support behind the ANCYL by saying that Mineral Resource Minister Susan Shabangu's comments are basically a "declaration of war."
Anglo American are considering investing in one of Eskom's new coal-fired power plants, but only if it will secure their own electricity supply.
Cosatu is threatening to disrupt any Fifa or World Cup related functions as a reaction to the revelation that World Cup memorabilia such as T-shirts and the Zakumi mascot will not be manufactured in South Africa.
A new airline, TTW Airlink, is set to becoming the newest airline in South African skies. They will begin daily flights between Johannesburg and Maputo, the capital of Mozambique, as soon as the 14th of February. This is amid news that SAA has recently spent R307 million on sports related sponsorships for the next four years. SAA has invested in the Sunshine Tour, Cricket SA, the South Afircan Football Association, ATP Tennis and SA Rugby.
The Johannesburg stock exchange ended yesterday on a strong note thanks to the resources sector and the platinum miners especially.
Business News Sector Tags: Media|