Business
S&P affirms South Africa’s credit rating, maintains positive outlook
South Africa has received a vote of confidence from S&P Global Ratings, which has affirmed the country’s long-term foreign currency sovereign credit rating at...
SARS clarifies implementation of China zero‑tariff export scheme
The South African Revenue Service has confirmed the finalisation of the legal and operational framework needed to administer China’s zero‑tariff export scheme, marking a...
Oil prices fall 2% as market awaits possible US-Iran ceasefire deal
Oil futures fell more than 2% on Friday and were on track for their steepest weekly decline since early April after reports that the...
Rand steady as markets digest local data
The rand was steady on Friday as markets reviewed a range of domestic data for clues on the health of Africa's most industrialised economy.
The...
China in talks with EU on new steel tariffs, says commerce...
China is currently engaged in negotiations with the European Union (EU) within the framework of the World Trade Organization on the EU's plan to...
Collaborative effort key to industrial policy success, Parks Tau says
Trade, Industry and Competition Minister Parks Tau says the South African government has a central role in the successful implementation of country's industrial policy.
However,...
Life Healthcare reports resilient performance, boosts payout
Life Healthcare Group has reported a modest increase in revenue and earnings for the six months ended March 31 recording 2.4% increase in revenue...
SARB lifts interest rate by 25 basis points to 7% as...
South Africans are set to face higher debt repayments after the South African Reserve Bank (SARB) increased the repo rate by 25 basis points...
Cosatu warns interest rate hike would punish workers amid oil price...
The labour federation Cosatu has urged the South African Reserve Bank not to raise interest rates.
The reserve bank's monetary policy committee is expected to...
SpaceX lands $2.29bn contract for military space data network
The US Space Force has awarded SpaceX a $2.29-billion contract to build a secure, high-speed satellite communications network to connect military sensors and weapons...
