Spear REIT acquires Maynard Mall for R455 million in Cape Town
Spear REIT announces the acquisition of Maynard Mall in Wynberg, Cape Town, for R455 million, marking its second acquisition in just two days, as it continues to ...
Transnet signs R5bn loan with New Development Bank to improve its freight rail services
South Africa’s buckling freight rail systems have in recent years become an impediment to the economy, with industry and mining groups having lost billions of rands ...
Nedbank CEO Mike Brown gets a 6.3% pay increase after bank meets targets
Brown said in the annual report that no findings were made against Nedbank in the Zondo Commission reports, but it was recommended that some transactions involving ...
Tongaat Hulett is headed for court to defend its business rescue plan
A creditor claims that the business rescue plan unduly favours the consortium buying Tongaat Hulett, the Vision consortium, and a group of financial institutions ...
High Court sets aside government plans to take plant foods off the shelves
Consumer body urges the government to formulate new food regulations that cater specifically for plant-based food products.
New infrastructure projects worth R180bn are raring to go - Ramaphosa
It is anticipated more than 400 000 jobs, both direct and indirect, will be created during the construction and operation of the 12 projects.
Mondi to merge with DS Smith to create a global packaging leader
In one of the biggest multinational corporate deals this year, ...
Transnet secures key leadership with new CEO and CFO appointments
Transnet acting CEO Michelle Phillips has been appointed as the CEO of the ailing state-owned logistics group Transnet, while Nosipho Maphumulo has been appointed ...
South Africa taps reserves to tackle debt
Finance Minister announces R150bn drawdown from contingency reserves.
Budget 2024: Tax incentive for local auto makers to produce electric cars
Finance Minister Enoch Godongwana proposed that producers of electric vehicles in South Africa would be able to claim 150% of qualifying investment spending as an ...
Budget 2024: Government to spend R943.8bn on infrastructure in three years
South Africa’s total capital investment of 14. 2% of gross domestic product (GDP) in 2022 is well below the National Development Plan target of 30% and public sector ...
Budget 2024: Treasury says SOE bailouts are unsustainable
The financial position of state-owned entities has deteriorated further in 2022/23 due to the weak economy and historically poor performance.
Budget 2024: Government announces social grant increases to cover inflation
The government announced increases in its national Budget yesterday to the social grants to keep pace with inflation.
Sanral expects to put R28bn’s road contracts out to tender
70 new tenders will be put to the market in coming weeks.
Tongaat’s debt to sugar body remains matter of industry concern
Tongaat Hulett’s rescue from liquidation by the Vision Consortium was broadly welcomed by the sugar industry on Friday, but representative bodies still await the ...
Pick n Pay changes management structures to recover lost market share
Pick n Pay announced a swathe of senior appointments and created a new retail division in a restructuring to fix its core grocery store brand and recover from its ...
Vision says it has a team in place to turn Tongaat Hulett around
The Vision Consortium said yesterday it was grateful its rescue plan for Tongaat Hulett had been approved and a team was in place with a plan to turn around, grow ...
How independent contracting will revolutionise IT recruitment
With the usual spike in resignations towards the end of the year, many, especially those seeking to fill critical IT job vacancies, will be interested in recruitment ...
Statistics are not about what they reveal, but what they conceal
South Africa is food secure, according to successive agriculture censuses carried out by Statistics SA, the 2017 census of commercial agriculture being the most ...
Renewable energy is a rich opportunity for Africa
The problem is that the leadership of our African countries may be once again be denying their people a chance to catch up with the long-term developmental direction ...
It has become uncomfortable to sit among fellow Africans
‘Our leaders are to blame, they cannot claim ignorance. Your leader had the means to hire the best minds in the world to fix your economy,’ the Nigerian says.
How Africa can claim its place in the global low carbon economy
African business leaders have cautioned that in Africa, climate action, including the Just Transition, cannot be divorced from other pressing socio-economic challenges ...
Cop28: A crucial year for Africa’s climate action
In 2023, alarm bells are ringing louder as we grapple with record-breaking temperatures and unprecedented flooding in many parts of the globe.
Aziz Goolam Hoosein Pahad, a true human being and sincere socialist
‘Your down-to-earthness, superb listening skills and firm commitment to freedom and Justice for all are etched in the memories those who knew you. ’
Five Shares: Odds look better for hotel and food sector as lockdown eases further
Sun International’s share price traded 1. 57?percent higher at R17. 50 on Friday morning, a win of 44?percent compared with the closing price on the previous Friday. ...