There were replacement transactions at Old Mutual and Absa, with FirstRand, Sanlam and Capitec retaining black ownership. But Standard Bank and Nedbank have less than 1% black ownership – not having concluded BEE transactions for a decade
South Africa-Kenya Business Forum, which brought together government officials, financiers, industrialists and business organisations from both countries during President Ruto’s state visit, called for the removal of practical barriers that continue to frustrate businesses operating across the continent’s borders
CANAL+ made its Johannesburg Stock Exchange (JSE) debut on Wednesday, becoming the first French company – and the only global media and entertainment group – ever listed on the South African bourse – the biggest in Africa. The shares opened at R58.50 under ticker CNP and had climbed to R58.80 by early afternoon, signalling investor […]
Flexibility in the sugar value chain is essential to ensure its long-term sustainability
South African Reserve Bank raises interest rate to 7%, warning that oil shocks, food inflation and global instability could drive prices higher
South Africans could face rising living and borrowing costs after inflation accelerated to 4% in April, with economists warning that fuel-driven global price shocks — not domestic demand — are complicating the South African Reserve Bank’s interest rate outlook
Previously unreported affidavits have raised serious questions about the Industrial Development Corporation’s R1.1billion funding to SA Steel Mills, including allegations of weak due diligence, disputed financial records and internal accountability failures that have left more than 1 100 jobs at risk
Trust deficit in HC is driving disaffected employees to the PP
There is a moment in every business when the analysis ends and the commitment begins. For us, that moment happened in Mokopane. Not because it was the obvious choice. Not because the model demanded a new location. But because the more time we spent on the ground in that region, the harder it became to […]
The IDC has not confirmed whether a formal board inquiry was conducted into the Tinley Club Med transaction, leaving key governance questions unanswered
An entrepreneur has accused the Industrial Development Corporation of rigid recovery practices that ignore the impact of Covid-19, as calls grow for an inquiry into its treatment of struggling black-owned businesses
A new book on Brimstone’s rise challenges dominant views of B-BBEE, offering a detailed account of black business history, risk and ownership in South Africa
The Johannesburg Stock Exchange has welcomed the fifth cohort of its SME Rise Enterprise Accelerator Programme, supporting high-growth companies in scaling operations, accessing funding and expanding into new markets
As petrol and diesel prices climb by more than R3 a litre, Absa has increased its fuel cashback cap and earn rates through its rewards programme, aiming to provide immediate financial relief to South African motorists facing rising transport costs
Despite asset growth to R3.7 trillion, questions persist over distressed loans and legacy investment scandals
Transnet and Prasa face financial, operational and governance challenges despite recovery efforts
As electricity tariffs continue to rise, squeezing household and small business budgets, a new solar company has entered the market with stokvel and crowdfunding models aimed at making renewable energy more affordable and accessible. Ipeleng Power Solutions (IPS), founded by entrepreneur Ipeleng Mhlanga, 32, launched in Johannesburg this week, offering solar system design, installation, maintenance […]
Ramaphosa has raised South Africa’s investment target to R3 trillion after nearly R890 billion in pledges at this year’s investment conference, with Sasol’s R60 billion commitment emerging as one of the biggest – and a sign of business confidence tied to policy certainty
After securing R1.5 trillion in investment commitments, President Cyril Ramaphosa said the new target is to attract an additional R2 trillion in investment
SA launches a R8bn guarantee fund to unlock up to R160bn in private investment for energy, water and transport infrastructure
As South Africa prepares to host the sixth SA Investment Conference, government leaders and economists say global instability, including tension in the Middle East, unexpectedly boost the country’s appeal as a stable investment destination
Mantashe says South Africa must move faster on oil and gas exploration to reduce import dependence and protect energy security
China is boosting its ties to Africa, with zero-tariff trade and a year-long people-to-people exchange initiative, aiming to expand investment and infrastructure development across the continent
African Bank has appointed veteran banker Zweli Manyathi as its next chief executive as the lender enters what its board describes as a consolidation phase following several years of expansion and acquisitions. The bank announced that current group chief executive Kennedy Bungane will step down after five years in the role, during which he led […]
Among those opposing liquidation is the Industrial Development Corporation , which has warned that the move would lead to the winding-up, business interruption and possible cessation of operations
The government says the ailing company is a crucial player in South Africa’s sugar value chain and its demise would have ‘far-reaching and devastating consequences’ for the sector
Before the hearing of the provisional liquidation of Tongaat Hullet Limited starts in the Durban High Court, there are a few things that interested parties can still do to save the centennial company and 250 000 jobs
Tau’s timely intervention aims to save THL from liquidation and save many jobs and small sugarcane growers’ biggest market
The projected economic growth trajectory remains insufficient to address structural unemployment
The growth outlook is insufficient to alter unemployment dynamics, some argued
Finance Minister Enoch Godongwana has signalled increased spending on peace and security in his budget speech from R268.2 billion in 2025/26 to R291.2 billion in 2028/29. The allocation follows President Cyril Ramaphosa’s announcement in his State of the Nation address (Sona) that the defence force will be deployed alongside the police to combat illegal mining […]
Finance Minister Enoch Godongwana has confirmed increases to social grants, including old-age, disability and child support, supporting 26.5 million South Africans amid high unemployment.