MARKET share gains in South Africa as well as a strong performance from its African operations boosted Shoprite’s turnover 15.6% in the first quarter, the company said in a trading update on Monday. Add a comment
Corporate
Why Cynthia Carroll had to go
- 28 October 2012
- SME News Desk
THE resignation of Cynthia Carroll as CEO of Anglo American on Friday after mounting shareholder pressure over "poor decisions", "missed opportunities" and weak returns is unlikely to be the only top-level change at the company. Add a comment
Will Anglo cut assets?
- 28 October 2012
- SME News Desk
The resignation of Cynthia Carroll has led to speculation the company may abandon its platinum interests in SA. The resignation of Anglo American chief executive Cynthia Carroll could hasten a decision by the company to abandon its South African platinum assets – a division of the diversified mining giant which has for some time performed poorly in comparison to the group’s other business units. Add a comment
Anglo CEO Cynthia Carroll steps down
- 27 October 2012
- SME News Desk
London - Anglo American CEO Cynthia Carroll stepped down on Friday, October 26 , after more than five years at the helm but also after months of pressure from some shareholders over the share performance and the miner’s continued dependence on troubled South Africa. Add a comment
AngloGold sacks 12,000 defiant miners
- 24 October 2012
- SME News Desk
CARLETONVILLE, South Africa (Reuters) - AngloGold Ashanti sacked 12,000 wildcat strikers who defied a deadline to return to work on Wednesday, the latest South African company to resort to mass firings after weeks of crippling labour unrest. Add a comment
