Loni Prinsloo

Barclays Plc said it's cutting 5,000 jobs, or about 5% of total headcount, as part of a 'technology-enabled' effort to reduce costs as it adopts artificial intelligence across the bank. The bank reported third-quarter earnings Thursday that missed several... See more

Performance by mining and materials company Afrimat took a massive knock in the first half of the 2027 financial year, with the six months through 31 August proving to be the worst trading conditions since its 2006 JSE listing. Group revenue decreased by ... See more

Meta Platforms Inc. was ordered to pay the state of New Mexico a $25 billion civil penalty Wednesday, one of the largest verdicts in US legal history in a case spurred by the decade-old Cambridge Analytica scandal. A jury in Santa Fe determined that Meta ... See more

Benchmarking salaries of CEOs can allow boards to pay executive salaries at the median level and thus justify increased pay year after year – with one asset manager saying the idea is being 'gamed' and that pay for most listed-company CEOs is a 'disgrace'... See more

By Loni Prinsloo and Antony Sguazzin. South Africa's biggest development-finance institution reached an initial agreement with ArcelorMittal SA to take over the steel giant's South African unit in a deal worth about R10 billion, people familiar with the m... See more