Business

Bakubung Plantinum Mine to retrench nearly 500 employees

Bakubung Platinum Mine has begun a formal retrenchment process that could affect close to 500 employees across the business. Owned by Wesizwe Platinum, which is...

Impact of AI on South Africa’s youth unemployment

South Africa is facing a growing debate over the impact of artificial intelligence on employment, as experts warn that automation could reshape industries in...

Ghana says Africa debt is ‘mispriced’, targets investment-grade rating

Ghana's president and finance minister said on Wednesday that African debt was "mispriced" and there needed to be faster and fairer restructuring tools, adding...

Nedbank rolls out AI-powered quick loans to widen credit access

Nedbank has partnered with fintech firm JUMO for a new digital lending solution aimed at expanding access to short-term credit, particularly for consumers who...

TEFLA welcomes High Court ruling against Working on Fire urgent interdict

After being taken to court by the rival company, TEFLA Group emerged victorious when Judge Sulet Potterill of the North Gauteng High Court in...

Adcock hauled to Competition Tribunal for ‘overpricing’ kidney dialysis products

The Competition Commission has referred a complaint against Adcock Ingram Critical Care (AICC) to the Competition Tribunal, alleging excessive pricing of key dialysis products...

Dangote refinery can be global jet fuel supplier, CEO says

Nigeria's 650 000 barrel per day (bpd) Dangote oil refinery has a large surplus of jet fuel and can supply the product all over...

Strong data demand powers Telkom’s profit surge

Telecommunications group Telkom on Tuesday said its full-year headline earnings jumped 30.1% from a year earlier, as data demand fuelled mobile and fibre revenue...

European Union moves to cut reliance on US cloud services

Wary of being vulnerable to the whims of foreign governments, the European Union is preparing far-reaching new moves to ditch American digital companies and...

China-Africa cooperation evolving towards shared industrial prosperity

This year marks the 70th anniversary of the establishment of diplomatic ties between China and Africa. The trajectory of China-Africa cooperation reveals an evolutionary pattern: From...