Business
Cartrack parent company Karooooo posts record profit as subscriber growth accelerates
Singapore-headquartered Karooooo has reported a record second-quarter operating profit and accelerated subscriber growth. Strong demand for subsidiary Cartrack’s fleet management and operational intelligence platform...
Numsa faces asset seizure over members’ R3.1m funeral cover debt
The National Union of Metalworkers of South Africa (Numsa) is facing possible seizure of money in its bank and investment accounts after allegedly failing...
Brent crude holds near five-month high on Middle East tension
Oil prices advanced on Tuesday, with Brent hovering around a five-month high as traders priced in a geopolitical risk premium from Houthi attacks on
WATCH | Tesla has real competition in the flying car race:...
Tesla has unveiled a Roadster capable of launching itself into the air. Meanwhile, California startup Alef Aeronautics is developing its own flying car, using a very different…
Nedbank seals landmark takeover of a major East African bank
Nedbank Group has completed its landmark acquisition of approximately 66% of NCBA Group PLC, securing a major strategic foothold in East Africa and marking...
Volvo and NVIDIA deepen partnership to develop self-driving cars
Swedish carmaker Volvo Cars is expanding its partnership with American technology giant NVIDIA to develop advanced automated driving systems that could eventually allow motorists...
South African business confidence eases slightly in September on oil price...
South African business confidence eased slightly in September on renewed uncertainty over global energy prices, a survey showed on Monday. • The South African Chamber
Mozambique courts South African investment for new gas project
Mozambique's state-owned oil company ENH is in talks with potential investors, including South Africa's Sasol and pipeline company ROMPCO, for a new natural gas project
Retail giant Clicks fights contractor in court over unpaid R9k
Sometimes corporate litigation involves billions. Sometimes it settles complex commercial disputes that change industries. And sometimes two well-resourced businesses spend more than a year...
South32 shareholders approve R92bn Alcoa deal
South32 has approved the sale of the group’s aluminium value chain assets to Alcoa Corporation in a deal worth $5.6 billion (approximately R92 billion).
The...
