Logistics sector growth enhances Fortress's financial prospects
Fortress, a leading real estate investment company, reports strong performance in the logistics sector, with sustained demand for high-quality assets. The company reaffirms its earnings forecast and outlines strategic developments that promise continued growth.
Goodyear intends discontinuing its manufacturing operations in South Africa
Numsa expresses deep concern over Goodyear's announcement to close its manufacturing plant in South Africa, potentially impacting over 900 jobs and exacerbating the region's high unemployment crisis.
MultiChoice expects improved earnings despite tough trading conditions
MultiChoice warns shareholders of a significant shift in financial performance for the fiscal year ending March 31, 2025, as it faces macro-economic challenges and industry changes in sub-Saharan Africa.
Road Freight Association clarifies AARTO rollout is not imminent
The Road Freight Association has responded to circulating rumours about the imminent rollout of AARTO, stating that such claims are highly improbable and urging the RTIA for clarity.
Jubilee Metals receives R1. 6 billion offer for its South African chrome and PGM operations
Jubilee Metals has received a conditional binding offer of up to R1. 6 billion for its chrome and platinum group metals operations in South Africa, enabling the company to sharpen its focus on copper expansion in Zambia.
Santam unifies specialist subsidiaries under one brand umbrella
Santam's strategic rebranding initiative aims to enhance operational efficiency and market presence by consolidating its specialist business units under the unified brand of Santam Specialist Solutions, set to launch in Q4 2025.
Max Oliva takes the helm as CEO of McDonald’s South Africa
Max Oliva has been appointed as the new CEO of McDonald’s South Africa, effective July 1, 2025, following the departure of Greg Solomon. With over three decades of experience in retail and supply chain management, Oliva is set to lead the brand through a pivotal transformation in a rapidly evolving consumer landscape.
South African business confidence dips in quarter two, signaling economic slowdown
What does the latest dip in South African business confidence mean for the economy? Discover the factors behind the RMB/BER Business Confidence Index's fall in Q2 2025.
Amazon South Africa expands product range with Groceries, Pet Food, and Supplements
Amazon South Africa has unveiled an exciting expansion of its product offerings, introducing three new Everyday Essentials categories: Groceries, Pet Food, and Vitamins and Supplements, with free delivery on Amazon-shipped products.
Urgent call to reopen poultry imports amid supply crisis
The Association of Meat Importers and Exporters (AMIE) urgently calls for the resumption of poultry imports from AI-free countries, including France and Sweden, to safeguard South Africa's food security amid a growing supply crisis.
Bayhead Road upgrade to boost traffic and efficiency at Port of Durban
Transnet National Ports Authority (TNPA) has initiated a six-month rehabilitation project for Bayhead Road at the Port of Durban, aiming to improve road infrastructure, safety, and traffic flow. With around 13,000 vehicles daily, including heavy trucks, the upgrade is crucial for reducing congestion and enhancing operational efficiency.
AngloGold Ashanti agrees to sell Mineração Serra Grande mine to Aura Minerals for R1. 4bn
AngloGold Ashanti announces the sale of its Mineração Serra Grande mine in Brazil to Aura Minerals for $76 million, marking a strategic shift in focus towards capital allocation and operational efficiencies. The deal includes deferred payments and is expected to close in Q3 2025, pending regulatory approvals.
South Africa posts R14. 1bn trade surplus in April, down from March
South Africa's trade balance surplus has decreased to R14. 1bn in April from R22. 6bn in March. What factors contributed to this decline and what does it mean for the economy?
Scatec wins major battery storage project in South Africa
Scatec has been awarded the prestigious contract for the 123 MW/492 MWh Haru Battery Energy Storage System, a pivotal project aimed at stabilising South Africa's national grid and advancing renewable energy efforts
Absa Group strengthens retail and business leadership team
Absa's new leadership team is set to transform retail and business banking, marking a pivotal moment in the bank's strategy for enhanced market competitiveness.
Navigating tough times: Huge Group's strategy for sustainable growth
Huge Group outlines its strategy for long-term growth in a challenging economic landscape, revealing insights from its latest annual report.
Godongwana announces three newly Treasury deputy Directors-Generals
Finance Minister Enoch Godongwana has congratulated three newly appointed deputy Directors-General at the National Treasury, a strategic move aimed at enhancing leadership and institutional stability within the department.
Producer price inflation holds steady at 0. 5% in April
South Africa's annual producer price inflation remains steady at 0. 5% in April, signalling stability in the manufacturing sector. Discover the factors driving this rate and what it means for consumers.
KAP Group CEO Gary Chaplin to step down, Frans Olivier appointed successor
KAP Group announces the departure of CEO Gary Chaplin after 28 years, with Frans Olivier set to lead the company into a new era. This transition comes after a period of significant challenges and growth.
WEF: Global economy deteriorates significantly amid trade shocks and AI disruption, warn chief economists
The World Economic Forum's latest report reveals a troubling decline in the global economic outlook, driven by volatile trade policies and the disruptive rise of artificial intelligence, as chief economists warn of significant risks to long-term growth and stability.
Jubilee Metals advances Zambian sopper strategy with successful Roan trials
Jubilee Metals Group has successfully completed processing trials at its Roan Concentrator, marking a pivotal moment in its Zambian copper strategy. With new supply agreements in place, the company is poised to capitalise on rising copper prices and expand its production capabilities.
South Africa’s take-home pay growth slows as interest rate decision sooms
Average take-home pay in South Africa has slowed for the second consecutive month, raising concerns ahead of the SA Reserve Bank's crucial interest rate decision. What does this mean for South African households?
Ramaphosa heralds a new era of infrastructure development in South Africa
Ramaphosa unveils a transformative infrastructure vision for South Africa at SIDSSA 2025, aiming to drive economic growth and attract investment.
Bidcorp reports 10% rise in earnings per share amid challenging economic conditions
Bidcorp's latest trading update reveals a 10% increase in constant currency headline earnings per share for April 2025, demonstrating resilience against inflation and subdued consumer spending.
Suzuki Auto South Africa breaks ground on new head office and distribution centre
Suzuki Auto South Africa, in collaboration with Fortress, is set to revolutionise its operations with a new state-of-the-art head office and distribution centre in Gauteng, reflecting its commitment to growth in the South African market.