Company news
Murray & Roberts awarded US$312m in new projects
South African engineering and construction group Murray & Roberts, which is currently subject of a takeover bid, said on Tuesday it has been awarded 3.7 billion rand (US$312 million) in new underground mining projects. The firm, which was previously awarded underground mining projects in North America and Australasia, said the additional contracts would be for diamond, gold, copper, salt and platinum mines. The projects are due for delivery in two to three years.
-Nampa/Reuters
As Trump attacks Amazon on Twitter, White House holds its fire
Judging from his tweets, President Donald Trump appears to have the knives out for Amazon.
But inside the White House, there are no active discussions about turning the power of the administration against the company, according to five people familiar with the matter who spoke on condition of anonymity.
None of the five people was aware of any ongoing discussion about turning Trump’s tweets into action against Amazon, not on the legal or regulatory fronts, or even regarding its reliance on the US Postal Service, which has drawn the lion’s share of Trump’s wrath.
Trump expressed a desire to aides last summer to raise the Postal Service’s rates for delivering Amazon packages, one person said. His staff explained to the president that the Postal Service is an independent organisation and its mail rates are set by a commission, the person said.
-Fin24
Sagarmatha eyes US$4b valuation in IPO
Sagarmatha Technologies Ltd, a South African company that owns newspapers, online shopping and classified platforms, is targeting a valuation of more than US$4 billion in Johannesburg’s first initial public offering of an e-commerce company.
Sagarmatha said it plans raise 7.5 billion rand (US$636 million) in a share placement of 189.3 million shares at 39.62 rand each, it said in a pre-listing filing on its website.
Investors are to include Jim Rogers, the longtime Asian bull and co-founder of hedge fund Quantum Fund.
-Nampa/Reuters
Tesla’s Model 3 is now America’s best-selling electric car
Tesla released its production numbers for the first quarter 2018 on Tuesday. The company delivered 8 180 Model 3s in the first three months of the year. That compares with 6 468 deliveries for Toyota's Prius Prime plug-in hybrid and 4 375 for General Motors' Chevy Bolt.
Coming out on top is no small feat for a company that’s been manufacturing vehicles for barely a decade. However, huge hurdles remain as Palo Alto, California-based Tesla tries to turn the page on one of the most difficult chapters in its short history.
-Fin24
Virgin Australia, Air New Zealand to end seven-year alliance
Air New Zealand said on Wednesday it would end its seven-year alliance with Virgin Australia Holdings covering flights between the two countries.
The joint venture, which allowed for schedule and pricing coordination as well as codeshares, expires in October and the parties will not apply to renew the alliance, the New Zealand airline said.
-Nampa/Reuters
South African engineering and construction group Murray & Roberts, which is currently subject of a takeover bid, said on Tuesday it has been awarded 3.7 billion rand (US$312 million) in new underground mining projects. The firm, which was previously awarded underground mining projects in North America and Australasia, said the additional contracts would be for diamond, gold, copper, salt and platinum mines. The projects are due for delivery in two to three years.
-Nampa/Reuters
As Trump attacks Amazon on Twitter, White House holds its fire
Judging from his tweets, President Donald Trump appears to have the knives out for Amazon.
But inside the White House, there are no active discussions about turning the power of the administration against the company, according to five people familiar with the matter who spoke on condition of anonymity.
None of the five people was aware of any ongoing discussion about turning Trump’s tweets into action against Amazon, not on the legal or regulatory fronts, or even regarding its reliance on the US Postal Service, which has drawn the lion’s share of Trump’s wrath.
Trump expressed a desire to aides last summer to raise the Postal Service’s rates for delivering Amazon packages, one person said. His staff explained to the president that the Postal Service is an independent organisation and its mail rates are set by a commission, the person said.
-Fin24
Sagarmatha eyes US$4b valuation in IPO
Sagarmatha Technologies Ltd, a South African company that owns newspapers, online shopping and classified platforms, is targeting a valuation of more than US$4 billion in Johannesburg’s first initial public offering of an e-commerce company.
Sagarmatha said it plans raise 7.5 billion rand (US$636 million) in a share placement of 189.3 million shares at 39.62 rand each, it said in a pre-listing filing on its website.
Investors are to include Jim Rogers, the longtime Asian bull and co-founder of hedge fund Quantum Fund.
-Nampa/Reuters
Tesla’s Model 3 is now America’s best-selling electric car
Tesla released its production numbers for the first quarter 2018 on Tuesday. The company delivered 8 180 Model 3s in the first three months of the year. That compares with 6 468 deliveries for Toyota's Prius Prime plug-in hybrid and 4 375 for General Motors' Chevy Bolt.
Coming out on top is no small feat for a company that’s been manufacturing vehicles for barely a decade. However, huge hurdles remain as Palo Alto, California-based Tesla tries to turn the page on one of the most difficult chapters in its short history.
-Fin24
Virgin Australia, Air New Zealand to end seven-year alliance
Air New Zealand said on Wednesday it would end its seven-year alliance with Virgin Australia Holdings covering flights between the two countries.
The joint venture, which allowed for schedule and pricing coordination as well as codeshares, expires in October and the parties will not apply to renew the alliance, the New Zealand airline said.
-Nampa/Reuters
Kommentaar
Republikein
Geen kommentaar is op hierdie artikel gelaat nie