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Tiger Brands exits deciduous canned fruit business, establishing R150 million community trust
Tiger Brands has exited its deciduous canned fruit business, establishing a R150 million community trust to benefit the Langeberg community.
Tiger Brands to sell Langeberg and Ashton Foods to local grower-led consortium, securing more than 3,000 jobs
Tiger Brands has officially sold its deciduous fruit business, Langeberg and Ashton Foods
South Africa sees a decline in company liquidations despite economic challenges
Despite a struggling economy, South Africa experiences an 8% year-over-year decline in company liquidations.
Mayor Moya addresses R26 billion in assets under construction and company blacklisting
The City of Tshwane is taking steps to blacklist eight companies for underperformance, addressing concerns over R26 billion in assets under construction.
Purple Group's financial performance: A 208% profit surge and client engagement rises
Purple Group has achieved its strongest half-year performance, with profits soaring by 208. 5% and significant growth in client engagement and revenue, signalling a robust strategy in a challenging market
African Rainbow Minerals Platinum reshuffles leadership, revitalises technical services division
African Rainbow Minerals (ARM) Platinum on Wednesday announced the appointment of Johan Christian Jansen as its acting CEO to replace Luthando Mkatshana until the permanent CEO has been appointed.
Sasol share price slumps amid operational challenges and global market pressures
Discover how a series of operational setbacks and global market dynamics have led to a staggering decline in Sasol's share price, as analysts weigh the potential for recovery amid ongoing challenges in the fuel and chemicals sectors.
Cashbuild moves to acquire 60% stake in Allbuildco Holdings for R93 million
Cashbuild is set to acquire a 60% stake in Allbuildco Holdings for R93 million, a strategic move that will expand its hardware and building materials presence with three additional Amper Alles stores across Pretoria and Limpopo.
Escalating US tariffs send SA market into tailspin amid political uncertainty
South Africa's economy faces mounting pressure as the rand plummets to a near two-year low amidst escalating US-China trade tensions and uncertainty over the future of the Government of National Unity. Experts warn that further political instability could drive the rand beyond R22. 00/$1, while global markets experience their steepest declines since the COVID-19 pandemic
South African corporates maintain positive sentiment despite economic uncertainties
Bank of America analysis reveals South African corporates remain optimistic about strong earnings growth despite fiscal pressures, strained US relations, and GNU tensions. While businesses focus on innovation and technology investments to drive growth, banks and CFOs maintain caution about broader economic prospects
Renergen announces successful helium exports and increased LNG production
Renergen reports a 22% increase in LNG production and the successful export of its first helium shipment, while navigating legal challenges and preparing for a Nasdaq IPO.
Vukile Property Fund forecasts 6% dividend uplift amid strong growth
Vukile Property Fund announces a forecasted 6% dividend uplift following strong growth, driven by strategic acquisitions in Spain and Portugal, while maintaining a robust performance in South Africa
Standard Bank executives' remuneration increases and decreases: A detailed report
Discover how the remuneration of Standard Bank's top executives has changed in 2024, with insights into performance metrics and the impact of shareholder feedback on remuneration policies
Cereal recall | Shoprite and Checkers issue recall for cereal products over labelling concerns
Shoprite, Checkers, Usave, and OK Foods have urgently recalled all cereal products from Heartland Foods.
Labat Africa pivots further into technology with R2. 5bn royalty agreement
Labat Africa Group has announced a landmark R2. 5 billion royalty distribution agreement with Ubits Technology Solutions, marking a significant shift from cannabis investments to technology and AI
Raubex Group predicts solid earnings growth amid new contracts including Parliament repair
Raubex Group's share price rose over 8% on the JSE following a positive earnings forecast, with significant new contracts, including a R1. 98 billion project to upgrade the Parliament buildings in Cape Town
Astral Foods warns interim profits to plunge even lower on R20 million cyber attack
Astral Foods anticipates a significant drop in earnings due to a recent cyber attack and ongoing market challenges.
Renergen's share price soars 37% following liquid helium milestone
Renergen's share price surged 37. 3% after successfully filling a container with liquid helium, marking a significant milestone in the development of South Africa's first onshore liquid natural gas and helium production facility
FlySafair faces union challenges as pilots push back on new rostering system
Trade union Solidarity warns of potential pilot exodus at FlySafair due to controversial new rostering system, while the airline defends changes as industry standard. Tensions mount ahead of crucial salary negotiations
Hyprop Investments focuses on local organic growth and new opportunities in Eastern Europe
Hyprop Investments is set to focus on organic growth in South Africa and explore new opportunities in Eastern Europe, as CEO Morné Wilken outlines the company's strategic plans for the second half of the 2025 financial year
Tongaat Hulett gears up for a strong 2025/26 sugar season with R460 million infrastructure investment
Tongaat Hulett demonstrates commitment to South Africa's sugar industry with a R460 million investment in facility upgrades, supporting over 25,500 jobs and processing sugarcane from 15,000 black farmers. The company's business rescue process shows positive progress as it prepares for the 2025/26 season.
Exxaro appoints Ben Magara as new CEO amid stagnant domestic coal demand
Exxaro Resources faces headwinds as domestic coal demand decreases, though export volumes show promise. With new CEO Ben Magara set to take over in April, the mining giant reports a 22% decrease in EBITDA despite a 5% revenue increase. Rail logistics improvements remain sluggish, affecting overall performance
Bidvest secures UK competition authotities approval to buy Citron
South African services giant Bidvest receives green light from UK competition authority for acquisition of Citron, marking significant expansion in global hygiene services secto
JSE tightened regulations after Steinhoff scandal exposes vulnerabilities in financial markets
The Johannesburg Stock Exchange implemented significant regulatory reforms following Steinhoff's 2017 accounting scandal. This article explores the changes made, the impact of Steinhoff's primary listing shift to Frankfurt, and the subsequent enforcement actions against key executives.
JSE stocks rise as rand strengthens on hopes of compromise in US tariff dispute
The JSE All Share Index climbed over 1% while the rand reached its strongest level in seven days, boosted by potential trade compromises between North American nations and strong performance in resource stocks. Mining shares led the surge with Impala Platinum showing remarkable gains