Business

Afloat but not alone in oil maelstrom

South Africa is at the mercy of two highly liquid and ruthless international free markets: the oil market and the currency market. Neither is going in our favour.

Big guns to miss Nepad funding meeting

AFRICAN leaders were due to meet hundreds of global business chiefs in Dakar on Monday in a bid for cash to pay for an ambitious plan to lift the world's poorest continent out of misery. But some continental heavyweights, who played a key role in putting the programme together, have pulled out at the last minute or are not attending.<br>

Angonave protest in Angola shows no sign of ending

FOR 524 days, sleeping in cardboard boxes, Joaquim and Franklin have maintained a vigil outside the offices of Angola's state shipping company, Angonave.

Markets ‘forced’ mine indaba

Shaken by the "savagery" of market reaction to a leaked black empowerment charter, the government has elevated the issue of empowerment in mining beyond the exclusive remit of Minister of Minerals and Energy Phumzile Mlambo-Ngcuka.

Those big wheels keep on turning

SA's private sector land freight volumes rose by 8% year-on-year in September to 45,754 million metric tons, while the volume of goods transported by state-owned Transnet declined by 1% y/y to 14,686-million metric tons.

We’re in for a slog

Economic growth figures released this week paint a mutedly optimistic picture, but are unlikely to dissuade Reserve Bank Governor Tito Mboweni from pushing for an interest rate hike.

Shareholders approve Naspers buy-out of MIH

Shareholders of media group Naspers (NPN) have approved the group's proposed buy-out of the minorities of MIH Holdings (MIHH) and MIH Limited (MIHL).

Radebe:Privatisation to yield R12-billion

Government is fast-tracking its partial privatisation drive this year through major changes to arms manufacturer Denel - including the sale of a third share in the business - and the drawing in of private-sector skills in running South Africa's main port at Durban.

Maize heads for all-time high, wheat up

South African white maize on the JSE Securities Exchange South Africa rocketed on Friday on the back of the continued lack of widespread rain in the country's maize belt, at a time when farmers are trying to sow maize.

Telkom’s charmed life is over

What a week it has been for Telkom. On Wednesday, a day after its exclusivity deal from the government expired, it was taken to the Competition Commission for discriminatory pricing.

Mozambican seasonal trade shows changes

Agricultural marketing is under way in Mozambique's northern and central regions and there is a marked change to the agricultural trade this season, the latest Famine Early Warning Systems Network report on the country says.

The great South African investment irony

Having recently spent a year in Dubai I couldn't help thinking, on my return to South Africa, of the contrast between the two countries.

SA mine charter aims for 26% black equity

South Africa released a long-awaited final draft of a mining charter on Wednesday, which said 26% of the country's mining assets must be owned by black businesses within 10 years.

Bonds steady in quiet trade

South African bonds were steady in quiet early trade on Monday as traders settled into the lethargic December holiday period.

SABMiller in empowerment deal with Tsogo

South African- and London-listed breweries group SABMiller (SAB) on Thursday announced an empowerment deal with its gaming joint venture partner, Tsogo Investment Holding Company (Proprietary) Limited.

SA to more than double car exports by 2005

Automobile manufacturers operating in South Africa are planning to more than double their worldwide exports by 2005, from 120 000 cars in 2002 to 250 000, with the US market taking an increasingly larger share.

LNM could control Iscor by September 2003

Anglo-Dutch group LNM Holdings NV could secure a controlling stake of more than 50,1% in South Africa's key steel company, Iscor, as early as September 2003.

US looks to African oil

Washington's pointman on Africa is to meet Nigerian leaders on Thursday, making a high-level visit at a time when African oil is more than ever in the thoughts of US strategic planners.

Press Releases

New energy mix on the cards

REI4P already has and will continue to yield thousands of employment opportunities

The online value of executive education in a Covid-19 world

Executive education courses further develop the skills of leaders in the workplace

Sisa Ntshona urges everyone to stay home, and consider travelling later

Sisa Ntshona has urged everyone to limit their movements in line with government’s request

SAB Zenzele’s special AGM postponed until further notice

An arrangement has been announced for shareholders and retailers to receive a 77.5% cash payout

20th Edition of the National Teaching Awards

Teachers are seldom recognised but they are indispensable to the country's education system

Awards affirm the vital work that teachers do

Government is committed to empowering South Africa’s teachers with skills, knowledge and techniques for a changing world

SAB Zenzele special AGM rescheduled to March 25 2020

New voting arrangements are being made to safeguard the health of shareholders