Business

African Bank appoints new chief executive

African Bank has appointed veteran banker Zweli Manyathi as its next chief executive as the lender enters what its board describes as a consolidation phase following several years of expansion and acquisitions. The bank announced that current group chief executive Kennedy Bungane will step down after five years in the role, during which he led […]

Tau leads drive to save Tongaat Hulett

Tau leads drive to save Tongaat Hulett

The government says the ailing company is a crucial player in South Africa’s sugar value chain and its demise would have ‘far-reaching and devastating consequences’ for the sector

Tongaat Hullet: what now for the ailing sugar giant?

Tongaat Hullet: what now for the ailing sugar giant?

Before the hearing of the provisional liquidation of Tongaat Hullet Limited starts in the Durban High Court, there are a few things that interested parties can still do to save the centennial company and 250 000 jobs

Godongwana financially backs Ramaphosa’s tough talk on crime

Godongwana financially backs Ramaphosa’s tough talk on crime

Finance Minister Enoch Godongwana has signalled increased spending on peace and security in his budget speech from R268.2 billion in 2025/26 to R291.2 billion in 2028/29. The allocation follows President Cyril Ramaphosa’s announcement in his State of the Nation address (Sona) that the defence force will be deployed alongside the police to combat illegal mining […]

Social Grants get R292.8bn boost

Social Grants get R292.8bn boost

Finance Minister Enoch Godongwana has confirmed increases to social grants, including old-age, disability and child support, supporting 26.5 million South Africans amid high unemployment.