News24 Business Fin24/News/rsshttps://www.news24.com/fin24Argotic Syndication Framework, http://www.codeplex.com/argotichttps://www.rssboard.org/rss-specificationThursday Mar 28 2024 22:36:10Thursday Mar 28 2024 19:45:31News24 Business | Petrol price hiked on Wednesday, but some diesel prices will be lowered Unleaded petrol (95) will be increased by 67c a litre.https://www.news24.com/fin24/economy/petrol-price-hiked-on-wednesday-but-some-diesel-prices-will-be-lowered-20240328Thursday Mar 28 2024 19:45:31News24 Business | Crisis at UK's biggest water supplier worsensDebt-plagued Thames Water revealed Thursday that it failed to raise a major cash injection from shareholders, blaming industry regulations that made its rescue plan "uninvestable".https://www.news24.com/fin24/economy/crisis-at-uks-biggest-water-supplier-worsens-20240328Thursday Mar 28 2024 19:16:57News24 Business | Crypto fraudster Bankman-Fried sentenced to 25 years in jailSam Bankman-Fried was sentenced to 25 years in prison by a judge on Thursday for stealing $8 billion (R152 billion) from customers of the now-bankrupt FTX cryptocurrency exchange he founded, the last step in the former billionaire wunderkind's dramatic downfall.https://www.news24.com/fin24/companies/crypto-fraudster-bankman-fried-sentenced-to-25-years-in-jail-20240328Thursday Mar 28 2024 18:50:49News24 Business | Shisa Nyama index: Braai food prices are coolingThe price of a traditional South African barbecue rose at a slower pace for a second straight month, suggesting that food costs may cool further before the El Niño weather phenomenon scuppers the downward trend.https://www.news24.com/fin24/economy/shisa-nyama-index-braai-food-prices-are-cooling-20240328Thursday Mar 28 2024 15:25:16News24 Business | Cabinet approves ban on lion, rhino breedingPlans to end lion breeding began more than a decade ago as the practice of releasing tame big cats into small enclosures and having them shot by hunters for a fee spawned the term ‘canned hunting’ and attracted international condemnation.https://www.news24.com/fin24/climate_future/environment/cabinet-approves-ban-on-lion-rhino-breeding-20240328Thursday Mar 28 2024 15:00:23News24 Business | Two-pot system: Parliament passes bill, but Old Mutual warns legal clarity still neededSouth African lawmakers on Wednesday backed a bill reforming the country’s pension laws to allow members to withdraw as much as a third of their savings before retirement.https://www.news24.com/fin24/economy/two-pot-system-parliament-passes-bill-but-old-mutual-warns-legal-clarity-still-needed-20240328Thursday Mar 28 2024 14:34:18News24 Business | MMH to grow sales force and boost productivity as value of new business slumpsMMH CEO Jeanette Marais says the group wants to double its 800-strong distribution force at Momentum and boost the productivity of Metropolitan’s 3 000 advisors.https://www.news24.com/fin24/companies/mmh-to-grow-sales-force-and-boost-productivity-as-value-of-new-business-slumps-20240327Wednesday Mar 27 2024 19:34:22News24 Business | Billionaire Patrice Motsepe could join R55bn Canal+ bid for MultiChoiceMotsepe is in talks with Vivendi SE’s Canal+ to join its multibillion-rand bid for the MultiChoice Group, according to people familiar with the matter.https://www.news24.com/fin24/companies/billionaire-patrice-motsepe-could-join-r55bn-canal-bid-for-multichoice-20240327Wednesday Mar 27 2024 16:43:40News24 Business | Interest rates remain unchanged at 15-year highReserve Bank Governor Lesetja Kganyago said inflation expectations remain stubbornly high. https://www.news24.com/fin24/economy/interest-rates-remain-unchanged-at-15-year-high-20240327Wednesday Mar 27 2024 16:36:36News24 Business | Former fleet admin at Volkswagen SA convicted on 595 counts of fraudA 60-year-old former fleet administrator at Volkswagen South Africa has been convicted on a whopping 595 counts of fraud for a scheme to overpay an auto body repair company. https://www.news24.com/fin24/companies/former-fleet-admin-at-volkswagen-sa-convicted-on-595-counts-of-fraud-20240327Wednesday Mar 27 2024 15:50:00News24 Business | Momentum Metropolitan ups interim dividend even as profit barely beats inflationAlthough the group managed to increase sales volumes in the interim period CEO Jeanette Marais said the cost of acquiring new business put pressure on margins.https://www.news24.com/fin24/companies/momentum-metropolitan-ups-interim-dividend-even-as-profit-barely-beats-inflation-20240327Wednesday Mar 27 2024 18:20:14News24 Business | Automotive components manufacturer Metair turns R4m loss to R129m profitShares in the JSE-listed manufacturer of suspension springs, brake pads, shock absorbers, radiators and air conditioners rose as much as 6.5% in early trade.https://www.news24.com/fin24/companies/automotive-components-manufacturer-metair-turns-r4m-loss-to-r129m-profit-20240327Wednesday Mar 27 2024 15:17:24News24 Business | Packaging giant Nampak breached by unknown hackerBy the start of March, the Information Regulator told News24 that it had already received 224 security breach notifications from the start of the year.https://www.news24.com/fin24/companies/packaging-giant-nampak-breached-by-unknown-hacker-20240326Tuesday Mar 26 2024 18:59:49News24 Business | SA dagga firm Cilo Cybin says its IPO closed in record timeMedicinal cannabis group Cilo Cybin said on Tuesday it managed to close its initial public offering within record time, raising about R7.1 million or 10% of shares, within a week. https://www.news24.com/fin24/companies/sa-dagga-firm-cilo-cybin-says-its-ipo-closed-in-record-time-20240326-2Tuesday Mar 26 2024 17:50:46News24 Business | SA dagga firm Cilo Cybin says its IPO closed in record timeMedicinal cannabis group Cilo Cybin said on Tuesday it managed to close its initial public offering within record time, raising about R7.1 million or 10% of shares, within a week. https://www.news24.com/fin24/articles/hold/sa-dagga-firm-cilo-cybin-says-its-ipo-closed-in-record-time-20240326Tuesday Mar 26 2024 17:49:41News24 Business | Netcare Medical Scheme slams 'unfounded' curatorship applicationThe Netcare Medical Scheme says there is no justification for the Council for Medical Schemes’ application to place it under curatorship.https://www.news24.com/fin24/companies/netcare-medical-scheme-slams-unfounded-curatorship-application-20240326Tuesday Mar 26 2024 16:12:03News24 Business | 'Businesses are not corrupt, people are': EOH's net loss widens, but it says it's more sustainableHaving reduced debt by half during the past year, technology company EOH says it will exceed its targeted asset disposals and further reduce debt to position itself on a solid operating footing during the coming years. https://www.news24.com/fin24/companies/businesses-are-not-corrupt-people-are-eohs-net-loss-widens-but-it-says-its-more-sustainable-20240326Tuesday Mar 26 2024 17:08:58News24 Business | Life insurers paid R599bn in claims and benefits in 2023Asisa's Gareth Friedlander says SA life insurers have shown remarkable resilience in a period marked by unprecedented claims due to Covid-19.https://www.news24.com/fin24/companies/life-insurers-paid-r599bn-in-claims-and-benefits-in-2023-20240326Tuesday Mar 26 2024 15:04:03News24 Business | SPAR sales under pressure, but it's chipping away at debt Retailer SPAR provided an update on its half-year to end-March on Tuesday, with sales growth now a little weaker than it flagged in February. https://www.news24.com/fin24/companies/spar-sales-under-pressure-but-its-chipping-away-at-debt-20240326Tuesday Mar 26 2024 12:07:05News24 Business | Boosting game meat industry, leisure hunting part of Creecy's new biodiversity planThe proposed biodiversity goals include boosting the amount of land designated for conservation to allow the large-scale harvesting from wild animals, increasing the production and marketing of products from indigenous plants and promoting leisure hunting and tourism.https://www.news24.com/fin24/climate_future/environment/boosting-game-meat-industry-leisure-hunting-part-of-creecys-new-biodiversity-plan-20240326Tuesday Mar 26 2024 11:34:31