Business

Farmers in the Karoo set for a profit boost

South Africa has a diverse agricultural sector, from grains and oilseeds to sugar cane, livestock and more. In appreciation of the sector’s diversity, we...

African Bank to overhaul its user-unfriendly app as profit dips

Embattled lender African Bank is embarking on an overhaul of its digital banking platforms as it seeks to close a technology gap that has...

Standard Bank gets nod to clear payments in China’s currency

Business transactions and cross-border payments between China and Africa are becoming more simplified after banking giant Standard Bank became the first financial institution on...

Tussle for Numsa Investment Company top job intensifies

A boardroom battle has erupted at Numsa Investment Company (NIC), leaving the entity with two men claiming to be its chief executive. Last week, Sunday...

Dubai: A gateway for ambitious African firms

H.E. Mohammad Ali Rashed Lootah Africa is entering a new era of economic growth. Across the continent, businesses are scaling faster, innovating more boldly and...

Matengu profit plunges R315m amid high energy costs, retrenchment talks underway

Investment holding company Mantengu has dropped more than R300-million in profit for the year dealing a blow to shareholders as earnings per share also...

African Bank tightens credit appetite after R600m loss

African Bank has tightened its lending criteria in an effort to restore profitability following over R600-million net loss in its interim results. Zweli Manyathi, African...

Tech rebound lifts stocks as dollar edges higher

Stocks staged a tentative recovery on Wednesday from a rout in technology shares on the back of caution about overstretched AI valuations, while crude...

Crude falls more than 1% on hopes of steady Hormuz transit

Oil prices fell more than 1% on Wednesday, extending this week's losses to hit fresh four-month lows on signs that more oil tankers are...

Sibanye reaffirms SA operations as core earnings driver amid global uncertainty

Sibanye-Stillwater has reaffirmed the central role of its South African operations as the group’s main earnings engine, despite a challenging global backdrop marked by...