Latest News & Developments
Banxso's legal battle leaves thousands of customers anxious about frozen funds as court dates approach. The outcome may reshape South Africa's online trading landscape.
In a bold move set to shake up the online trading landscape, FXGT. com has launched its groundbreaking Ultimate Cashback program. This outstanding initiative empowers traders with unlimited earning potential, ensuring that every trade counts.
Economists believe that headline inflation remains well-contained despite a slight acceleration and that the new CPI weights could lead to softer inflation outcomes.
This headline print comes as Eskom has been granted a tariff increase of more than 12% for the next financial year, which is going to cripple household income expenditures as more money goes to pay for electricity.
According to the consultancy firm’s probe, Hemisphere’s top 20 properties were overvalued by 30% in Steinhoff’s 2017 financial year. PwC noted that it could not confirm the independence and expertise of the entity that did the valuation.
The Rhyolite Ridge Project, which was initially announced to be part of a joint venture back in September 2021, aimed to capitalise on the growing demand for lithium and boron as critical components for battery manufacturing.
VAT is seen as a regressive tax that disproportionally negatively affects the poor.
Acsa contends that its mandate, enshrined in both the Constitution and relevant aviation legislation, requires it to ensure the provision of baggage screening and handling services at its airports, and that a transparent, competitive tender process is imperative.
Regarding sentiment on economic policy reforms, “a net 38% of fund managers expect policy reforms, while the upcoming Budget is anticipated to meet” expectations.
Local inflationary increases in the half year period to December contributed to a 6% increase in total cash operating costs to R2. 2 billion for the company.
“With our collective expertise and shared vision, we can continue our drive to make Africa the world’s most sought-after business events destination,” De Lille said.
Ancho Capital said that markets were weighed down by losses in technology and mining sector stocks.
The CGA calculated that in three years' time, the weekly truck trips from the Northern citrus regions would increase from 2 200 trips per week to well more than 3 800 citrus truck trips per week. We are running out of road and we are running out of time.
Trade in 2025 will be defined by tough choices. Firms must balance diversification and localisation, flexibility and control. Efforts to drive efficiency and agility must be matched with creative strategies for cost management.
The US government-funded partners across South Africa have since received stop-work orders and been forced to begin retrenching vital health care staff.
South African Poultry Association has raised warning flags South Africa is facing a grave risk from the potential spread of Highly Pathogenic Avian Influenza.
The company had set a target of between 3 million ounces and 3. 4 million ounces for production in the current year. After heavy rains pounded the northern parts of South Africa in the past few days, Amplats had to stop operations at Tumela mine and across the wider Amandelbult Complex.
PwC’s report, the outcome of a lengthy investigation, stated that: “We have identified the Campion Group as an alleged third-party group of companies which the Steinhoff Group has had a business relationship with. ”
Rather than adhering to a one-to-one wheeling system, whereby a single generation plant supplies energy to only one off-taker, SolarAfrica will facilitate a one-to-many approach.
The company delayed the auction of some of its emeralds as market conditions were less favourable. Diamond and other precious stones producers have been constraining market supply to cajole prices up as competition from lab grown diamonds intensifies.
According to early insights released by Joe de Beer, deputy director-general for economic statistics in the Department of Planning, Monitoring and Evaluation, cereal products such as maize meal, white and brown bread, and white rice show the most considerable increase by weight.
The three-step process started when companies in the Genesis Group, nominally independent of Steinhoff, bought the Austrian furniture retailer. This company, the kika Leiner Group, was then split into property and retail companies.
The report argues that rather than solely focusing on a robust economic recovery, efforts must also ensure that the benefits of growth are equitably distributed across all societal sectors.
As a consequence of this, the company is now seeking to boost its SA gold operations. Froneman, who is retiring from Sibanye-Stillwater, said the company had now set its sites on reviving the Burnstone gold mine in Mpumalanga.
Buffett singled out Todd Combs, Geico’s chief executive since 2020 and also a Berkshire investment manager, saying he has “reshaped Geico in a major way” by increasing efficiency and improving underwriting, though more work remains.