Fuel shock pushes inflation to 5% ahead of rate decision
The inflation rate has increased to its highest level in two years at 5%, piling pressure on households ahead of the interest rate decision. Statistics South Africa... Read more.
Pepkor acquires controlling stake in R21.3bn fintech business
Retail giant Pepkor has deepened its push into financial technology by acquiring a controlling stake in a combined fintech platform with Shop2Shop. The deal will... Read more.
Delta offloads Hatfield office property in R35m debt reduction drive
Delta Property Fund has agreed to sell a Pretoria office property for R35-million as the real estate investment trust (REIT) continues to dispose of non-core assets... Read more.
SA consumers spend nearly half their income on debt repayments, reveals report
More people are sinking deeper into a debt crisis as many spend close to half of their monthly income to keep afloat with debt repayments. This is according to the... Read more.
Middle East war keeps Sasol ORYX gas-to-liquid plant shut
Sasol has not indicated when its ORYX gas-to-liquids (GTL) plant in Qatar will resume operations as the Middle East war persists. The ORYX gas-to-liquid (GTL) plant,... Read more.
Fintech innovation turns township shops into payment hubs
Informal retailers are becoming important payment hubs in townships and rural communities after Shop2Shop and Pay@ launched a service that allows customers to pay... Read more.
South32 targets renewable energy boom, SA operations cost bite
South32’s operating costs for the South African manganese business are expected to shoot above guidance even as the miner exceeds production targets. The operating... Read more.
‘Promoting tourism’: Gayton McKenzie defends R31m FIFA World Cup bill
Sport, Arts and Culture Minister Gayton McKenzie has argued that the R31-million expenditure on South Africa’s participation at the FIFA World Cup was spent to... Read more.
Strategic blunders to blame for African Bank’s troubles, say analysts
A leading analyst has suggested selling African Bank piece by piece as a way of salvaging the loss-making bank that has announced plans to retrench 1 200 employees.... Read more.
TotalEnergies launches R7.6bn Hydra project to beef up power supply
TotalEnergies has led the launch of the R7.6-billion hydra storage site in De Aar, Northern Cape, in contribution to the Just Energy Transition. The project was... Read more.
