The acquiring company will also buy Tongaat’s investments in Zimbabwe, Mozambique and Botswana
Sticky inflation in major economies suggests that average interest rates will remain high and upside risks to the domestic inflation outlook remain
The slowdown will probably influence the central bank’s decision on interest rates
The Reserve Bank has already lifted rates 10 times since November 2021
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It highlights that changes need to be made in their operation, experts say
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Production was dragged down mainly by diamonds and platinum-group metals
Factory output also went up by 3.6% year-on-year in April
Investing in alternative energy results in the middle class cutting out luxuries to pay off debt
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Electricity production has been decreasing for over 12 months as Eskom struggles to supply power
An official complaint has been lodged with the Competition Commission against Discovery Vitality, Virgin Active and Planet fitness