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Business

FNB, Investec exposed to R6.3m scam

Administrators at First National Bank are accused of duping Investec out of millions of rand.

SAA takes to the skies again after 18 months grounded

After an 18-month hiatus, the national carrier has done away with major routes that would have required it to use much larger fleets

Nersa approves Karpowership generation licences

The Organisation Undoing Tax Abuse has questioned why Nersa has not immediately provided its reasons for issuing the controversial generation licences

With its industrial base decimated, SA’s economy needs real change — Godongwana

Speaking at a book launch on Tuesday, the finance minister said a focus on manufacturing is critical to stem the country’s deepening unemployment crisis

Sanlam sells UK businesses worth R5bn

The insurer ditches R5.1-billion to focus on Africa and other emerging markets

If the inflation-driving supply strain in the US lasts, it could put South Africa in a chokehold

In South Africa, a strong trade surplus, buoyed by robust commodity prices, will cushion our economy against pressure arising from US policy

Farmers squeezed by big retailers

It may be beneficial for consumers when supermarkets push to get the lowest price from suppliers, but it can harm the farmers

Capitec Bank flies high above Viceroy’s arrow

The bank took a knock after being labelled a loan shark by the short seller, but this has not stymied its growth

Municipal employees to get a 3.5% increase after wage deal

The South African Local Government Association said a three-year wage deal had been agreed on the remuneration of municipal employees

Gold‌ ‌is‌ ‌mining’s‌ ‌biggest‌ ‌jobs‌ ‌loser,‌ ‌as‌ ‌platinum‌ ‌rakes‌ ‌in‌ ‌the‌ ‌cash‌

The industry has lost 23 000 jobs since 2012, according to a Statistics South Africa census

Beer industry welcomes lifting of Covid-19 alcohol ban

But brewers warn that a festive season prohibition will negate any recovery in the sector

Vax passports: Business takes cues from government

The private sector, labour and government have been thrashing out ways to increase vaccinations and to restart the economy

Tourism, hospitality and restaurant sectors welcome vaccine passports

Vaccine passports prove to be a contentious issue for tourism, hospitality and restaurant sectors as some welcome them and some have fears of placing another hurdle ahead of economic growth

South Africa’s recovery lags behind emerging market peers Mexico, India

The economy grew for the fourth consecutive quarter, but the country is playing catch-up to its peers

Brics summit: Leaders focus on Covid-19 vaccine equality and potential Afghanistan ‘crisis’

President Cyril Ramaphosa stressed the need to pursue the United Nations’ sustainable development goals as well as climate action, peace and justice”

July manufacturing output hit by Covid-19 third wave and unrest

In mid-July, supply chains and industrial output were disrupted when parts of the country were rocked by looting, triggered by protests against Zuma’s incarceration

Effects of recent unrest on the economy set to linger, finance minister tells parliament

‘The unrest presents an untimely and negative effect on SA’s growth prospects,’ said Godongwana, adding that this could last for the next six quarters

No salary increases for finance commissioners, parliament hears

The recommendation for no pay hikes is based on South Africa’s financial position in general, as well as the effects of the Covid-19 pandemic
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