The family’s decision to relinquish control over the grocery retailer gives their new chief executive more room to turn the business around
Heads of state met at the African Development Bank’s gathering this week, where they mulled an overhaul of the world’s financial architecture
Delivering the unanimous decision, central bank governor Lesetja Kganyago cited a still uncertain global outlook
The Big Three ratings agencies, Moody’s, S&P Global and Fitch, have extensive influence over how creditors assess Africa’s risk profile
South Africa, the region’s economic powerhouse, looks to record improved, albeit tepid, growth this year and next
The African Development Bank’s economic outlook report notes that 20 countries were in debt distress or at high risk of debt distress, hamstringing their ability to achieve social development goals
Movements in headline inflation are a key indicator, but decisions are also influenced by central banks around the world, especially the US Federal Reserve
If value-added tax were to be used to fund the insurance, it would have to rise from 15% to 21.5%
The announcement comes after another disappointing set of results, in which the group reported a massive decline in its trading profit
The deputy finance minister also says liberalising the energy sector is key to growing the economy
The national carrier will not seek further bailouts as it expands its fleet and routes to return to profitability
Consumer inflation has eased but is still not comfortably within the central bank’s target of 3% to 6%
The central bank has maintained the key repo rate at 8.25% since hiking it by 50 basis points in May 2023
Cancer accounted for about 32.3% of all insurer Liberty’s claims for 2023
The e-commerce giant will shake up the online retail sector – but it might take some time
M&A activity in South Africa experienced a sharp decline in 2023 and a rebound in 2024 is only plausible after the elections
Emerging markets will always be susceptible to currency risk, analysts say
The ANC chief whip denies the health law is an election ploy as court challenges loom and the DA dismisses it as a ‘populist lever’
The country’s visa waiver schemes with African countries are boosting growth in travel and tourism, says Tourism Minister Patricia de Lille
The uptick is a result of more people entering the labour market
The demergers of Anglo Platinum and De Beers could lead to mine workers losing jobs, Duncan Wanblad said
ArcelorMittal SA expects to make a final decision by August on the closure of its long steel operation, which puts 3 500 jobs at risk
A labour appeals court order reinstated the employees to their posts after they were outsourced to WNS eight years ago
Consumers are increasingly turning to online supermarkets to buy essential goods
Your morning cuppa may cost a little more because of heavy rainfall in Brazil and drought in Vietnam
The most affordable protein is dry beans, which cost R0.32 per protein gram, followed by eggs at R0.48 per protein gram
The National Development and Labour Council says this is to ensure the legitimacy of the government
The technology has huge implications for the country and the world. Experts say if South Africa fails to prepare, it will be preparing to fail
With the prospect of a takeover in sight, Anglo American’s first South African chief executive in 15 years is tasked with unlocking value from the global mining company
Most companies are using or plan to embrace the implementation of AI in their business to improve productivity and turnover, a new study reveals
The state-owned entity’s board chair assured the public that a recent court challenge won’t send its privatisation efforts off track
The company’s chairman, Stuart Chambers, described the proposal as ‘opportunistic’