Global

ArcelorMittal South Africa gets USD350 million loan
JSE SENS

ArcelorMittal South Africa gets USD350 million loan

ArcelorMittal South Africa said it has gotten ZAR4.5 billion. ArcelorMittal South Africa said the approximately USD350 million revolving credit facility will be used to finance its working capital requirements, the firm said on Wednesday. The company is battling low prices of cheap steel imports which are harming its business. Chief […]

American Airlines names Nathan Gatten as VP on government affairs
aviation

American Airlines names Nathan Gatten as VP on government affairs

American Airlines has appointed Nathan Gatten (J.) as Senior Vice President – Government Affairs. The airlines said in this role, Nathan Gatten will lead American’s federal and international government and regulatory affairs team and the company’s advocacy in Washington and across American’s global network. “Nate brings the perfect blend of leadership, energy, […]

Nor Lines and Rolls-Royce sign power agreement
Energy

Nor Lines and Rolls-Royce sign power agreement

Nor Lines and Rolls-Royce have signed a groundbreaking “Power-by-the-Hour” service agreement for the two vessels Kvitbjørn and Kvitnos. The new service offering harnesses the power of “Big Data” to monitor, plan and perform maintenance and repairs on all the equipment it has installed on the cargo vessel. Power-by-the-Hour is a […]

Oando says Nigeria could hit 2.2 million bpd by June
Energy

Oando says Nigeria could hit 2.2 million bpd by June

Oando Chief Executive, Pade Durotye believes that with what appears to be the worst disruptions in Nigeria’s oil-producing Delta region are over, and production could reach 2.2 million barrels per day (bpd) by the end of June. Durotoye told the Africa Independents Forum in London the long-closed Forcados oilfield could be […]

BaFin slams EUR2,500 on New-York Hamburger Gummi-Waaren
Global

BaFin slams EUR2,500 on New-York Hamburger Gummi-Waaren

The Federal Financial Supervisory Authority (Bundesamt für Justiz – BfJ) better known by BaFin has imposed a disciplinary fine of EUR2,500 against New-York Hamburger Gummi-Waaren Compagnie Aktiengesellschaft. The disciplinary fine order related to a breach of section 325 of the German Commercial Code (Handelsgesetzbuch – HGB) by New-York Hamburger Gummi-Waaren Compagnie […]

Factset opens a new office in Johannesburg
JSE SENS

Factset opens a new office in Johannesburg

FactSet, a global provider of integrated financial information has opened a new office in Johannesburg as it seeks to grow presence in Africa. The new office will serve the Company’s growing client base in South Africa and provide a springboard for future expansion on the African continent. Experienced members of […]

Group Five picks Themba Mosai as CEO
JSE SENS

Group Five picks Themba Mosai as CEO

Group Five Limited has picked Mr. Themba Mosai as the company’s group Chief Executive Officer. Themba Mosai has been with Group Five for over 13 years, three of which have been on the Exco. He has been instrumental in the growth of the Developments business, which has focused on the […]