Business

Closure of steel operations a devastating blow, as 3500 jobs at risk

By Khethukuthula Xulu

‘You cannot make conditions impossible to trade in and then be surprised when businesses fail’

Black Friday expected to pump R26.6 billion into economy

Fraud monitors have cautioned about increased scams during the intense shopping period

By Umamah Bakharia

Gold and forex reserve is no pot of cash, says Kganyago

The Reserve Bank governor confirmed the central bank is in talks with the treasury over calls to tap the Gold and Foreign Exchange Contingency Reserve Account

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By Sarah Smit

Reserve Bank holds repo rate, looks through shock inflation data

Despite ongoing volatility, the monetary policy committee revised its 2023 headline inflation forecast down slightly

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By Sarah Smit

DBSA continues to create clean energy generation initiatives for local communities

By DBSA

Jason Quinn to take the reins from Mike Brown at Nedbank

By Sarah Smit

Quinn served as Absa’s interim chief executive after Daniel Mminele’s sudden departure

Inflation rises towards Reserve Bank’s upper limit, pointing to rate hikes down the line

By Sarah Smit

Despite inflation coming within a hair’s breadth of 6%, there is still reason to believe that the central bank will hold interest rates this week

Global & Local distances itself from BHI Trust financial scandal

By Lyse Comins

The financial intermediary says its ‘directors, staff, their families and friends have also suffered loss arising out of investments’ in the collapsed fund

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Reserve Bank expected to hold off on hikes

By Sarah Smit

However, inflation will probably remain elevated into next year

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Barring ‘fundamental changes’, Telkom won’t participate in 2024 spectrum auction

By Sarah Smit

The JSE-listed phone operator has asked that the auction be postponed to 2025, as the group and its competitors are reeling from tough economic conditions

Sugar industry holds its breath as Tongaat mum on Robert Gumede buyout

By Paddy Harper

The business rescue practitioners are also silent over the company’s debt deal

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Hail, floods and fires: Insurers in the eye of the storm

By Sarah Smit

Extreme weather events are a key risk to insurers as the climate crisis threatens to ratchet up the price of cover

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SA’s unemployment rate hits lowest level in three years

By Sarah Smit

South Africa’s economy added 399 000 people to the workforce in the third quarter of 2023

BHI Ponzi scandal: Investec cuts ties with Global & Local

By Lyse Comins

The bank is terminating its relationship with the financial intermediary which is now directing clients to a business that has a director in common with BHI Trust’s administrator

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Airbnb upgrades platform as it shakes off tough year

By Julie Jammot

As the array of homes on Airbnb grows, it faces complaints from hosts who wind up making less money

Robert Gumede’s Tongaat Hulett purchase hinges on R2bn PIC loan

By Paddy Harper

The agreement will give Terris Sugar discounted ownership of Tongaat Hulett’s R8 billion bank debt and control at the upcoming creditors’ vote

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