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Business

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
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
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