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Tiisetso Motsoeneng works from Johannesburg. Deputy Editor: Business Day in Johannesburg, home to Africa’s deepest capital market. Tiisetso Motsoeneng has over 285 followers on Twitter.
A Chilean group’s $1.2-billion bid for Adcock Ingram has been challenged by a court action from Bidvest.
Amplats has said it would cut 6 000 jobs, fewer than half the 14 000 first proposed, as it tries to restore profits without provoking a backlash.
Olympic and paralympic track star Oscar Pistorius has been arrested after his girlfriend was shot dead at his home in Pretoria, say police and media.
Plans to increase Transnet’s capacity to haul iron ore from mines to ports by 56% over the next seven years are in the works, says CEO Brian Molefe.
The rand tumbled nearly 3% to hit 16-month lows against the dollar as importers piled into the greenback, spooked by a recent trend of sharp declines.
State bonds fell and yields climbed as SA’s benchmark stocks booked their biggest daily gain in 16 months, breaking a three-day losing streak.
Walmart’s SA unit Massmart is ready to push down prices and sacrifice margins in pursuit of a bigger market share, its CEO has said.
SA’s biggest food retailer Shoprite Holdings saw its shares slide after reporting a 7% rise in full-year sales that fell short of analysts’ estimates.
Tens of thousands of workers ended a two-week pay strike in the South African steel and engineering sector on Sunday.
Massmart’s shareholders have accepted a takeover by US group Wal-Mart, setting up the world’s largest retailer for a potential battle with unions.
Australia’s competition watchdog has stopped South African grocer Pick n Pay’s sale of Franklins supermarket chain, to prevent creating a monopoly.
Barloworld pointed to a second-half rebound after a sharp fall in first-half earnings, saying it expects to benefit from a recovery in the economy.
SA President Jacob Zuma called for calm on Sunday after the murder of far-right leader Eugene Terre’Blanche fanned fears of growing racial tension.
Vodacom reported a drop in first-half profits and gave a cautious outlook as consumers struggle in the country’s first recession in two decades.
Construction workers are expected to strike on Wednesday, halting work across the country, including at stadiums for the 2010 World Cup.
South Africa’s Imperial Holdings expects its car dealership unit to turn around within a year.
South Africa’s Imperial Holdings is in talks about selling its 49,9% stake in Imperial Bank to Nedbank Group, it said on Friday.
Cosatu said on Friday it would still push for economic policy changes after the ANC warned labour against pressuring Jacob Zuma to meet their demands.
Cosatu on Thursday warned of a public-sector strike unless the government fulfilled promises it made in a 2007 wage deal.
South African stocks extended gains at midday on Monday, climbing to more than 3%
