RIP: former Steinhoff CEO Markus Jooste pays the ultimate price
According to the SAPS, the mastermind behind the Steinhoff scandal – South Africa’s largest corporate fraud – shot himself in Hermanus.
Vitol and Engen merger will affect local petroleum refineries, Tribunal hears
The merger is likely to result in the foreclosure of local production due to the loss of a significant customer who is Engen.
Repurpose towns hit by mine closures and retrenchments - Bench Marks Foundation
David van Wyk, the lead researcher at Bench Marks Foundation.
Transnet finalises partnership with Philippines port operator to manage Durban’s Pier 2
The partnership will have a positive impact on Transnet, container supply chains and on the competitiveness of South Africa’s economy.
BLSA CEO decries depressing wave of job losses in mining industry
Mavuso criticised political meddling in the running of state-owned enterprises by Public Enterprises Minister Pravin Gordhan on the appointment of top executives. ...
Sibanye-Stillwater’s Marikana employees uncertain of future despite reduced retrenchments
A reprieve after the mining firm says it has reduced the number of planned retrenchments across its South African PGM operations to 2,600, down from the 4,095 announced ...
Rand manipulation shows corruption has hit multifaceted, complex levels in SA
Corruption Watch said it was “good for the Competition Commission to satisfy itself, given the importance of this matter”.
Cape Town to drive SA’s wealth by 60% over next 10 years
Cape Town is attracting large numbers of high-net-wealth individuals from other South African cities while it has also become a popular destination for wealthy individuals ...
NUM calls for end to sit-in and hostage protests at Gold One
The National Union of Mineworkers (NUM) yesterday advised mine-workers at Gold One, whose management insists that there will be no reversal to the mass employee ...
Standard Chartered ready to sink other banks
As many as 27 other banks were allegedly involved in the scheme that the Competition Commission says had wider implications running into trillions of rand.
Three Zimbabwe gold mines shut down operations over forex challenges
Other gold producers in Zimbabwe that include Metallon have also been struggling, managers from some of its operations said.
No respite for Zimbabwe's battered economy
There has been no quick respite for Zim?s economy following four days of a massive protest action against steep increases in the price of fuel.
Zim inflation spikes as forex shortage weighs on supplies
Zimbabwe?s inflation last month spiked to its highest levels since 2010 as a shortage of foreign exchange curbed supplies of basic commodities.
Zim's new use it or lose it claims policy deters
Zimbabwe's newly announced policy to take over unused mineral claims from mining firms in the country will deter investment in its lucrative mineral resources industry. ...
Informal trade in Zim 'will persist'
Bicycles, small trucks, buses and porters are all part of modes of transport ferrying finished goods and commodities from South Africa into Zimbabwe.
Eskom puts Zim on notice over power debt
Eskom has put Zimbabwe, which is battling for cash, on notice over a debt accrued for power supplies.
Zim mining firms given investment options
Zimbabwe wants foreign mining companies to spend 75 percent of their income inside the country through native procurement and local payments.
Zimbabwe wants cash bail-out from foreign miners
Zimbabwe has asked foreign miners to spend more on local procurement and other payments.
Zimbabwe rejects adoption of rand
Zimbabwe will not be adopting the rand,as its cash woes are stemming from high imports and poor local production.
Firms in Zimbabwe innovate to survive
Companies in Zimbabwe are now investing in new lines that can produce smaller packages for manufactured products as cash continues to dry up.
Nando's franchisee has reason to crow
Nando's, Chicken Inn and Steers tills are chiming for Zimbabwe-listed Simbisa brands.
Edgars Zim losing customers
Edgars' Zimbabwe unit may have to turn to South African parent Edcon for merchandising support as it loses market share to informal traders.
Heavy rains damage Zimbabwe’s infrastructure
Incessant rains boosted Zimbabwe’s productivity in the agriculture sector - as a bumper tobacco and maize crop are expected - but this has come at a cost.
OM’s Zim unit seeks shelter in real assets
Old Mutual says its Zimbabwe unit is pinning its hopes on limiting its exposure to fragile assets.
Dampener on Zim's growth forecast
The expected boom in maize output that Zimbabwe pinned its hopes on will be reversed by lower tobacco output as well as declining quality in the golden leaf.