How to build an empire through franchising in SA

Not for the faint hearted, but potentially extremely rewarding, Alec Hogg finds out what it takes from a financier (FNB), a franchisor (Sorbet) and the association set up to guide franchising principles in South Africa (FASA).

Rand slips as Chinese data weighs

The rand slipped against the dollar on Thursday despite weakness in the greenback, under pressure from Chinese data suggesting that economic growth in South Africa’s major export destination was cooling.

Flight to safety keeps gold near one-month high

Gold retained sharp overnight gains on Thursday to trade near its highest in over a month, with investors seeking safety amid increasing concerns over a slump in the global economy.

Japan shares lead Asia lower, dollar index slumps

Asian shares were off session lows but still nursed losses amid a sell-off in global equities on Thursday, as heightened concerns about world economic growth pressured U.S. Treasury yields and curtailed the dollar’s recent rally.

Mondi: Q3 underlying profit down 10% from Q2

Mondi said on Thursday third-quarter operating profit fell 10 percent from the previous quarter to 174 million euros ($223 million), as part of a seasonal swing in European demand.