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Business

Please Mr Postman, deliver the cheque
Business
/ 6 October 2024

Please Mr Postman, deliver the cheque

In this financial year’s budget, Parliament did not allocate funding for the South African Post Office, which is waiting for a R3.8 billion tranche

By Anathi Madubela
Food prices skyrocketed by 50% from 2020 to 2024
Business
/ 5 October 2024

Food prices skyrocketed by 50% from 2020 to 2024

Low-income households continue struggling to feed themselves, the Essential Food Monitoring Report stated

By Anathi Madubela
Copper driving mergers and acquisitions in SA mining sector, report finds
Business
/ 3 October 2024

Copper driving mergers and acquisitions in SA mining sector, report finds

The PwC report said the global pursuit of a just energy transition and the need for consolidation were reshaping the landscape of the local industry

By Umamah Bakharia
Sugar industry wants delay on increasing tax crippling the sector
Business
/ 30 September 2024

Sugar industry wants delay on increasing tax crippling the sector

The sector says the health promotion tax introduced in 2018 has hurt sugar producers and cost jobs

By Anathi Madubela
South Africa risks missing out on gold price surge due to structural challenges in mining sector
Business
/ 30 September 2024

South Africa risks missing out on gold price surge due to structural challenges in mining sector

Prices have increased by over 30%, favouring gold-producing countries like South Africa, but structural issues are dampening opportunities

By Aarti Bhana
Petrol prices set to decrease by R1.14 from Wednesday
Business
/ 30 September 2024

Petrol prices set to decrease by R1.14 from Wednesday

The department of mineral resources says the decrease is the result of lower global crude oil prices and a stronger rand

By Umamah Bakharia
SA Breweries warns that inflated tax threatens jobs, local growth
Business
/ 30 September 2024

SA Breweries warns that inflated tax threatens jobs, local growth

The industry wants excise tax relief amid declining sales and economic strain

By Anathi Madubela
Meta criticised for slow action as deepfake adverts target South African celebrities
Business
/ 26 September 2024

Meta criticised for slow action as deepfake adverts target South African celebrities

The phenomenon of deepfake online adverts created by artificial intelligence is growing and victims are losing identities and cash

By Lyse Comins
India’s rice export ban eases as global supplies recover, benefiting SA consumers
Business
/ 25 September 2024

India’s rice export ban eases as global supplies recover, benefiting SA consumers

The ban raised global food insecurity fears in 2023, but improved harvests and potential policy changes have eased concerns, benefiting import-dependent countries like South Africa

By Wandile Sihlobo
KZN entrepreneurs off to China to boost exports, expand markets
Business
/ 25 September 2024

KZN entrepreneurs off to China to boost exports, expand markets

Small business owners are also hoping to get advice on adding value from ‘the factory of the world’

By Lyse Comins
Pay-TV provider StarSat challenges Icasa over expired licence
Business
/ 23 September 2024

Pay-TV provider StarSat challenges Icasa over expired licence

The Independent Communications Authority of South Africa has ordered StarSat to stop broadcasting after failing to renew its licence on time

By Anathi Madubela
Wine is not just for sipping, it is also for employment opportunities
Business
/ 21 September 2024

Wine is not just for sipping, it is also for employment opportunities

From vineyard to market there are fruitful opportunities throughout the supply chain

By Aarti Bhana
Food costs soar as supermarkets impose lower prices on farmers
Business
/ 20 September 2024

Food costs soar as supermarkets impose lower prices on farmers

But some fresh produce can still be bought for up to 300% cheaper than in supermarkets if purchased in bulk at municipal markets.

By Lyse Comins
Farmers in ‘survival mode’ are depleting soil for future generations
Business
/ 20 September 2024

Farmers in ‘survival mode’ are depleting soil for future generations

Soils are being drained of essential elements that yield the nutrient-rich grains, fruits and vegetables needed for animal and human health

By Lyse Comins
Reserve Bank cuts repo rate to 8%
Business
/ 19 September 2024

Reserve Bank cuts repo rate to 8%

This comes as inflation eased to 4.4% in August, below the midpoint of the Reserve Bank’s 3-6% target band

By Aarti Bhana
SAA out of business rescue but still not on stable ground
Business
/ 18 September 2024

SAA out of business rescue but still not on stable ground

The auditor general report noted that the national carrier is fully-funded by equity or bailouts, but inefficient governance is keeping it in choppy waters

By Aarti Bhana
South African cities face hunger and food insecurity as cost of living soars
Business
/ 17 September 2024

South African cities face hunger and food insecurity as cost of living soars

Hundreds of thousands of households rely on informal traders to buy food

By Lyse Comins
Reserve Bank expected to cut interest rates marginally as inflation moderates
Business
/ 16 September 2024

Reserve Bank expected to cut interest rates marginally as inflation moderates

Better than expected inflation outcomes domestically and globally back the case for the central bank to cut the repo rate to 8%, economists said

By Aarti Bhana
Takealot folds its clothing line
Business
/ 14 September 2024

Takealot folds its clothing line

The local group has sold its fashion business Superbalist in the face of competition from international e-retail

By Aarti Bhana
UIF commissioner hunts down Covid-19 Ters fraudsters
National
/ 10 September 2024

UIF commissioner hunts down Covid-19 Ters fraudsters

The department of labour’s audit into employers who applied for R62.3 billion in benefits during Covid-19 continues

By Lyse Comins
Business calls for visible policing of construction sites
Business
/ 10 September 2024

Business calls for visible policing of construction sites

Some illegal forum members are workers who lost their jobs in the sector

By Lyse Comins
Big Tobacco tries to stop SA’s anti-smoking Bill from becoming law
Health
/ 10 September 2024

Big Tobacco tries to stop SA’s anti-smoking Bill from becoming law

The Bill says the same rules should apply to vaping and traditional cigarettes and that both should be sold in plain packaging and banned in all public spaces

By Christina Pitt
Cell C in danger of losing its signal
Business
/ 7 September 2024

Cell C in danger of losing its signal

The company is battling market saturation and financial instability, raising concerns about its viability

By Anathi Madubela
Business questions relevance of Nedlac
Business
/ 6 September 2024

Business questions relevance of Nedlac

The council must review how it will remain relevant in an economy characterised by artificial intelligence, digitalisation and hybrid ways of working, business partners say

By Anathi Madubela
Construction mafia hold South Africa to ransom
National
/ 6 September 2024

Construction mafia hold South Africa to ransom

The chief executive of Nala Business Chamber was assaulted by members of the illegal ‘Nala Business Forum’ when he went to a building site to deal with a subcontracting dispute.

By Lyse Comins
Debt-ridden Transnet needs to improve operations, auditor general warns
Business
/ 4 September 2024

Debt-ridden Transnet needs to improve operations, auditor general warns

The state-owned company cannot continue relying on debt for operating cash and was at risk of not meeting repayments at the present rate

By Emsie Ferreira
South Africa’s economy rebounds with 0.4% GDP growth in the second quarter
Business
/ 3 September 2024

South Africa’s economy rebounds with 0.4% GDP growth in the second quarter

The absence of load-shedding significantly boosted the economy

By Anathi Madubela
Petrol price set to drop by 92 cents from Wednesday
National
/ 2 September 2024

Petrol price set to drop by 92 cents from Wednesday

This is the fourth consecutive monthly decrease in petrol prices

By Anathi Madubela
Maize forecast lowered again, but still sufficient for local consumption
Business
/ 2 September 2024

Maize forecast lowered again, but still sufficient for local consumption

The 2023-24 production estimate has been lowered by 2% to 13.06 million tonnes, 21% down from the 2022-23 season

By Wandile Sihlobo
Growing the digital platforms sector could boost the economy significantly, study shows
Business
/ 31 August 2024

Growing the digital platforms sector could boost the economy significantly, study shows

The study published by Naspers says problems with infrastructure, access, costs and regulations are slowing South Africa’s progress towards digital transformation

By Aarti Bhana
South Africa’s gender pay gap leaves women behind
Business
/ 28 August 2024

South Africa’s gender pay gap leaves women behind

Just 3% of chief executives of JSE-listed companies are female

By Lyse Comins
Pick n Pay, Ster-Kinekor unprofitable for Redefine
Business
/ 28 August 2024

Pick n Pay, Ster-Kinekor unprofitable for Redefine

The property group says it is reducing space it lets to underperforming tenants

By Anathi Madubela
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