The Canadian units of British American Tobacco, Philip Morris International and Japan Tobacco, have lost an appeal seeking damages
British American Tobacco has said a C$758m sum it previously set aside to cover a possible legal defeat in Canada will weigh on profit this year, after a Quebec court ruled against it in class-action lawsuits.
The Canadian units of BAT, Philip Morris International and Japan Tobacco, lost an appeal on Friday in lawsuits seeking C$17bn in total damages.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
AB InBev expects stronger profit in 2019 by selling more beerThe brewer is seeking to bring developed-world consumers back to beer from wine and spirits through a wider range of premium lagers
Read more »
BASF counts on 2019 rebound after annual profit slumpGerman chemicals group misses analysts’ profit expectations as it points to a slowdown in key markets, especially the automotive industry
Read more »
Zimbabwe secures nearly $1bn offshore loans to prop up economy: central bank | IOL Business ReportThe Trade and Development Bank chipped in with $152 million dollars while the Central Bank of Mozambique advanced 25 million dollars.
Read more »
Workers at Gupta-owned mines could receive payment soonWorkers at Optimum and Koornfontein coal mines last received a payment in October, with mining operations coming to an end in December.
Read more »
'Eskom officials rushed to ensure R659m pre-payment to Gupta-linked Tegeta' | IOL NewsThe Zondo commission has heard how Eskom officials rushed through the pre-payment of R659 million to Tegeta even though no services had been received.
Read more »
Tegeta pre-payment against Eskom procurement processes, inquiry hearsEskom official Snehal Nagar says Bhana Naidoo simply gave an instruction for the payment without giving details, adding that Eskom didn’t budget for the dodgy transaction.
Read more »
SABC 8 journos cleared on Bosasa 'payment'A forensic inquiry by Deloitte has found no evidence that any payment was made by Bosasa to the 'SABC 8' campaign in 2016.
Read more »