Business

Reserve Bank warns of further interest rate hikes as inflation risks...

The South African Reserve Bank (SARB) has warned that monetary policy may need to remain restrictive for longer and could be tightened further if...

Fuel hikes squeeze taxis, Cosatu urges government relief

The South African National Taxi Council (Santaco) is exploring ways to shield taxi operators and commuters from the impact of rising fuel prices. National office...

Outsurance moves to buy out minority shareholders in R10.2bn drive

OUTsurance Group Limited (OGL) has unveiled plans to acquire the remaining 7.17% minority stake in its key subsidiary, OUTsurance Holdings Limited (OHL), in a...

State proposes mandatory livestock identification system

The Department of Agriculture has published draft regulations that would require livestock owners across the country to identify and register animals on a national...

Nigeria’s Dangote refinery targets 10 million retail investors for planned IPO

Nigeria's Dangote Petroleum Refinery is targeting 10 million retail investors for its planned initial public offering, Chief Executive David Bird said on Tuesday. Bird said

World Bank raises Africa’s 2026 growth forecast, urges AI investments

The World Bank has raised Africa's 2026 economic growth forecast to 4.3%, citing stronger performance across the region, and urged governments to embrace artificial...

Sanlam moves to buy out Santam minority shareholders in R505-a-share deal

In a move set to reshape South Africa's insurance landscape, Sanlam has launched a bid to acquire all the shares in Santam that it...

Competition Commission cracks down on spare parts, repair monopolies

The days of manufacturers locking consumers into costly repair networks could be numbered after the Competition Commission unveiled sweeping new guidelines aimed at opening...

MTN boss Ralph Mupita reappointed to GSMA board

MTN Group president and chief executive Ralph Mupita will serve two more years at the GSMA board of directors. GSMA represents mobile operators and companies...

South Africa private sector contracts at fastest pace since December, PMI...

South Africa's private sector contracted in September at its fastest pace since December as new orders fell sharply and supply bottlenecks and fuel-driven cost