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Business

South Africa’s avocado export agreement with Japan could boost economy
Business
/ 27 August 2024

South Africa’s avocado export agreement with Japan could boost economy

Recent export agreements with Asian countries are a balm for South Africa, after Botswana and Namibia’s ban on the country’s citrus.

By Aarti Bhana
Ithala’s chief executive wants policy intervention for the ‘financially sound’ institution
Business
/ 27 August 2024

Ithala’s chief executive wants policy intervention for the ‘financially sound’ institution

KwaZulu-Natal economic development MEC Musa Zondi said the ‘crisis’ at the finance institution, which had its licence suspended last week, was being addressed with urgency

By Des Erasmus
Government pushes for controversial NHI through health compact, without business
Business
/ 24 August 2024

Government pushes for controversial NHI through health compact, without business

The debate about whether the National Health Insurance is workable has been rekindled after business and the private health sector refused to sign a health compact that tries to lock in support for the scheme

By Anathi Madubela
Inflation dips below 5%
Business
/ 21 August 2024

Inflation dips below 5%

The latest year-on-year number is 4.6%. This is the lowest it has been since July 2021

By Anathi Madubela
Deepfake content ‘explosion’ lies ahead
Business
/ 20 August 2024

Deepfake content ‘explosion’ lies ahead

Prominent people such as Elon Musk, Johann Rupert and Leanne Manas have been victims on social media platforms like Facebook and YouTube, and so have primary school children.

By Lyse Comins
Absa head Arrie Rautenbach to step down after two years at the helm
Business
/ 19 August 2024

Absa head Arrie Rautenbach to step down after two years at the helm

Rautenbach’s appointment to replace Daniel Mminele was criticised by those who saw it as a setback in racially transforming the bank

By Anathi Madubela
Unemployment in South Africa is a national crisis, say analysts
Business
/ 14 August 2024

Unemployment in South Africa is a national crisis, say analysts

With joblessness at a two-year high of 33.5%, more effort is needed to restructure the jobs market

By Aarti Bhana
Vodacom KwaZulu-Natal rolls out R800 million investment
Business
/ 13 August 2024

Vodacom KwaZulu-Natal rolls out R800 million investment

The mobile network continues to expand despite being hit hard by vandalism of infrastructure and battery and diesel theft

By Lyse Comins
Botswana’s ban on local citrus produce will hurt farmers and the economy
Business
/ 13 August 2024

Botswana’s ban on local citrus produce will hurt farmers and the economy

The ban on South Africa produce is contrary to international rules of trade, economists said

By Aarti Bhana
Ombudsman pays back R12.1 million to consumers
Business
/ 11 August 2024

Ombudsman pays back R12.1 million to consumers

Shoppers have had a rough time navigating online purchasing, which is rife with ‘deceptive practices’

By Lyse Comins
Retail industry calls for level playing field amid Sars delay in implementing 45% tariff on Shein, Temu
Business
/ 11 August 2024

Retail industry calls for level playing field amid Sars delay in implementing 45% tariff on Shein, Temu

The South African clothing industry bemoans injustice as the Reserve Bank loses R3.5 billion as a result of lower duties on imported products

By Aarti Bhana
Bill mandating pay gap disclosure for state-owned enterprises should make workers happier, says expert
Business
/ 10 August 2024

Bill mandating pay gap disclosure for state-owned enterprises should make workers happier, says expert

State-owned companies will have to disclose data on their highest and lowest paid employees in an effort to solve wage disparities and be more transparent

By Anathi Madubela
R15 billion ‘Little Ballito’ development on KwaZulu-Natal South Coast ramps up
Business
/ 8 August 2024

R15 billion ‘Little Ballito’ development on KwaZulu-Natal South Coast ramps up

The new lifestyle precinct will include an hotel, upmarket mall, fuel station and school, with 80% of the area retained for conservation

By Lyse Comins
SA shipbuilding industry has potential to chart new waters and cause economic waves
Business
/ 6 August 2024

SA shipbuilding industry has potential to chart new waters and cause economic waves

Transnet christens two new locally built launch boats at Durban shipbuilding yard

By Lyse Comins
Petrol price reprieve for South Africa for the third month in a row
Business
/ 5 August 2024

Petrol price reprieve for South Africa for the third month in a row

Although the average price of Brent crude oil price increased during the period under review, this was offset by a stronger rand against the US dollar

By Anathi Madubela
BAT and Philip Morris see rise in sale of smokeless products
Business
/ 4 August 2024

BAT and Philip Morris see rise in sale of smokeless products

But regardless of whether it is sniffed, sucked or chewed, the plant is still bad for people’s health

By Anathi Madubela
Speciality coffee could be South Africa’s next hot export crop
Business
/ 4 August 2024

Speciality coffee could be South Africa’s next hot export crop

Global demand for the beverage and its price heat up as KwaZulu-Natal supplies the world’s rarest coffee beans

By Lyse Comins
No firm commitment for Agoa renewal, minister says
Business
/ 30 July 2024

No firm commitment for Agoa renewal, minister says

The trade, industry and competition minister Parks Tau led a delegation to the US in the hope of extending the trade pact America has with African countries

By Anathi Madubela
South African banks scramble as cybercriminals up the ante
Business
/ 28 July 2024

South African banks scramble as cybercriminals up the ante

Cyber thefts attacking banks in ever new ways is a global problem that targets unsuspecting personal bank account holders

By Anathi Madubela
International conditions are driving up local olive oil prices
Business
/ 25 July 2024

International conditions are driving up local olive oil prices

South Africa imports more than 60% of its olive oil supplies from Europe where climate conditions are worsening

By Aarti Bhana
Inflation eases in June to lowest rate this year
Business
/ 24 July 2024

Inflation eases in June to lowest rate this year

Statistics South Africa data released on Wednesday showed that the CPI annual rate was 5.1% in June compared with 5.2% in May

By Anathi Madubela
National dialogue an opportunity for business to reset in favour of broader social good
Thought Leader
/ 23 July 2024

National dialogue an opportunity for business to reset in favour of broader social good

The dialogue can only be meaningful if poor people, the unemployed and workers can genuinely participate in it

By Mazibuko Kanyiso Jara
Tapping into gold and foreign reserve to pay debt servicing costs is risky for South Africa
Business
/ 21 July 2024

Tapping into gold and foreign reserve to pay debt servicing costs is risky for South Africa

Economists say the government can expect to incur inflationary and exchange rate costs from the move

By Anathi Madubela
Reserve Bank widely expected to hold interest rates this week
Business
/ 16 July 2024

Reserve Bank widely expected to hold interest rates this week

Consumer inflation remains sticky above the 4.5% midpoint of the central bank’s target range

By Aarti Bhana
Ramaphosa: Just energy transition will need R1.7 trillion
Business
/ 15 July 2024

Ramaphosa: Just energy transition will need R1.7 trillion

President Cyril Ramaphosa said South Africa aims to reach net-zero carbon emissions by 2050 but that will require finance and partnerships

By Anathi Madubela
There is a place for SAA domestically, if it adopts the low cost model
Business
/ 14 July 2024

There is a place for SAA domestically, if it adopts the low cost model

The ‘old fashioned’ carrier is still struggling for passengers

By Anathi Madubela
Agricultural outlook: What to expect for South Africa’s maize and oilseed market
Business
/ 10 July 2024

Agricultural outlook: What to expect for South Africa’s maize and oilseed market

White maize prices are likely to be 30% higher, with yellow maize up by 20%

By Wandile Sihlobo
Limpopo farmers forecast crop shortages after cold front, black frost
Business
/ 9 July 2024

Limpopo farmers forecast crop shortages after cold front, black frost

Farmers want Agriculture Minister John Steenhuisen to visit areas in the province where potato and tomato crops, in particular, have been hit

By Anathi Madubela
Quirky Investments uses Global & Local’s suspended FSP licence
Business
/ 7 July 2024

Quirky Investments uses Global & Local’s suspended FSP licence

The FSCA suspended Global & Local’s licence in March after a probe into the ties between its founder, Michael Haldane, and convicted fraudster Craig Warriner

By Lyse Comins
The appetite for food delivery services in townships is growing
National
/ 6 July 2024

The appetite for food delivery services in townships is growing

The big players have launched township e-commerce initiatives but existing businesses already have a good handle on the space

By Aarti Bhana
Not so sweet: Sugar industry stakeholders fight about funding
Business
/ 3 July 2024

Not so sweet: Sugar industry stakeholders fight about funding

Small-scale and black-owned sugarcane farmers along with land reform beneficiaries have received R238.9 million in funding for transformation, but transparency has now become an issue

By Anathi Madubela
Rand strengthens as investors welcome Godongwana, Ramokgopa reappointments
Business
/ 1 July 2024

Rand strengthens as investors welcome Godongwana, Ramokgopa reappointments

Godongwana has pursued the austerity measures implemented by his predecessors to reduce debt and Ramokgopa is partly credited with the current relief from load-shedding

By Anathi Madubela
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