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Business

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
No silver bullet solution, Takealot boss says as Chinese retailers penetrate local space
Business
/ 30 June 2024

No silver bullet solution, Takealot boss says as Chinese retailers penetrate local space

The company has welcomed the removal of concessions that will make it more expensive to buy apparel from international online retailers such as China’s Shein and Temu

By Aarti Bhana
High interest rates lock prospective homeowners out of property market
Business
/ 30 June 2024

High interest rates lock prospective homeowners out of property market

A survey found that residential rental vacancies had dropped to their lowest level since 2016, as buying becomes less attainable

By Anathi Madubela
Grindrod Logistics workers strike over retrenchments
Business
/ 26 June 2024

Grindrod Logistics workers strike over retrenchments

Unions say the company is keeping its workforce as casual labour to grow profits, in line with a trend in the transport sector

By Lyse Comins
Economic reforms still a priority amid GNU uncertainty
Business
/ 25 June 2024

Economic reforms still a priority amid GNU uncertainty

President Cyril Ramaphosa’s Operation Vulindlela is forging ahead with its next phase amid ongoing wrangling over positions in his executive

By Sarah Smit
New law to address ‘feeding frenzy’ at listed companies
Business
/ 22 June 2024

New law to address ‘feeding frenzy’ at listed companies

Sibanye-Stillwater, which is at the centre of the debate on excessive pay for executives, has had its remuneration report rejected three years in a row

By Anathi Madubela
Gauteng GNU could get SA’s economic engine revving
Business
/ 20 June 2024

Gauteng GNU could get SA’s economic engine revving

The province’s economy has struggled amid infrastructure and governance failures

By Sarah Smit
South Africa’s economic prospects brighten with Government of National Unity
Business
/ 19 June 2024

South Africa’s economic prospects brighten with Government of National Unity

The smooth transition is raising hopes of improved economic growth and outlook

By Aarti Bhana
Inflation holds firm in May
Business
/ 19 June 2024

Inflation holds firm in May

Still-sticky inflation could further delay long-awaited interest rate cuts

By Sarah Smit
Government of national unity: Political shift tests Cosatu’s influence
Business
/ 14 June 2024

Government of national unity: Political shift tests Cosatu’s influence

The labour movement helped end apartheid and usher in Mandela’s coalition government. Its currently diminished position is cause for anxiety as the ANC forges new political alliances

By Sarah Smit
Spar looks to delivery as profits decline
Business
/ 14 June 2024

Spar looks to delivery as profits decline

The grocery retailer grew online volumes by 463%, albeit from a low base

By Anathi Madubela
Business confidence dips on the back policy uncertainty
Business
/ 11 June 2024

Business confidence dips on the back policy uncertainty

The South African Chamber of Commerce and Industry’s business confidence index fell in April and May, ahead of the elections, snapping a rally that dated back to November 2023

By Aarti Bhana
Desperate Biden raises US tariffs on Chinese electric vehicles
Business
/ 7 June 2024

Desperate Biden raises US tariffs on Chinese electric vehicles

The tariffs hamper efforts to grapple with climate change, including by reducing greenhouse gas emissions

By Pinelopi Koujianou Goldberg
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