Business

Big banks lick their wounds as profits fall 65.5% in the...

South Africa’s big banks saw their profits plunge 65.5% in the first half of this year compared to results they reported at the same...

Cosatu’s investment vehicle splutters

Trade union federation Cosatu’s investment arm, Kopano Ke Matla Investment Company (KKMIC), woes are deepening, with its CEO Stephen Nthite pondering on whether to...

SARB expects SA economy to plunge 8.2% this year

The South African reserve Bank (SARB) today kept the benchmark repo rate steady at 3.50% as the central bank said inflation is expected to...

Apparel and textile sector revival plan

Key players across the value chain in the clothing, textile, footwear and leather industry have teamed up in an effort to identify and execute...

D-Day for interest rates decision

The South African Reserve Bank (SARB) will on Thursday walk a tightrope when policy-makers make their call on whether to further cut interest rates...

Lanseria and Mango experience turbulence

The relationship between Lanseria International Airport and SAA’s low-cost airline, Mango, has hit turbulence, with the former demanding the carrier pay it almost R20-million...

Spectrum woes hamper SA mobile operators

Pressure is mounting on Communications and Digital Technologies Minister Stella Ndabeni-Abrahams to deliver the long-awaited spectrum. President Cyril Ramaphosa this week told the South African...

Unilever and EFF agree TRESemmé’s advert was racist

Several retailers have joined Clicks and agreed to pull the TRESemmé brand from their shelves. These include Dischem, Woolworths, Pick n’ Pay as well as...

IDC appoints new finance boss

The Industrial Development Corporation (IDC) has appointed Isaac Malevu as its new chief financial officer (CFO) effective from next month. Transnet earlier this year appointed...

SA economy plunges 51% in the second quarter

The impact of COVID-19 on South Africa's moribund economy were today laid bare, with data from Statistics South showing that the economy plunged 51%...

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