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Egypt has signed a deal with China's Sailun Group to build an automotive tyre factory in the Suez Canal Economic Zone (SCEZ), with total investments of $1-billion, a cabinet statement said on...
South Africa’s government is locked in crisis talks with the local unit of ArcelorMittal to decide the fate of the company’s loss-making construction-steel mill, people familiar with the matter...
Financial services firm Nedbank Group has entered into a binding agreement to acquire 100% of fintech innovator iKhokha in an all-cash deal for about R1.65-billion. The acquisition will see iKhokha...
The South African rand extended its gains in early trade on Wednesday, boosted by a weaker dollar ahead of the release of a domestic business confidence index and retail sales figures later in the...
Industry organisation the Association of Meat Importers and Exporters (AMIE) has welcomed the government’s “Plan A” for long-term trade resilience and competitiveness, which was jointly announced...
The National Energy Regulator of South Africa (Nersa) has announced that it has approved Egoli Gas’ application for a maximum price of R151.14/GJ for end-user customers and R143.58/GJ for resellers...
Air Traffic and Navigation Services (ATNS), South Africa’s air navigation service provider (ANSP), has announced that it has joined the international Green Aviation Insights (GAIN) initiative. GAIN...
JSE-listed paper and plastics packaging and recycling company Mpact has signed a five-year power purchase agreement (PPA) with energy trader Enpower Trading, which will see it supply 30 GWh/y of...
India-headquartered vehicle manufacturer Mahindra has launched its new R70-million Mahindra Pik Up local assembly plant at the Dube TradePort Special Economic Zone (SEZ), in KwaZulu-Natal, on...
JSE-listed integrated energy and chemicals company Sasol has announced that it expects its earnings per share (EPS) for the year ended June 30, to be more than 100% higher year-on-year, at between...
Research house Lightstone says it anticipates a new vehicle sales market for 2025 of around 555 500 units – up 7.7% on last year – of which 524 000 units will be passenger and light commercial...
The City of Cape Town’s Water and Sanitation Directorate spent R155.5-million on acquiring 176 new and upgraded trucks during the 2024/2025 financial year. The directorate says the fleet...
Africa received a strong thumbs up during the second-quarter presentation of Barrick as one of its “main cash generators”. “We saw solid performance across the portfolio,” Barrick CEO Dr Mark...
Two Chinese engineering companies, East China Engineering Science and Technology (ECEC) and Sinopec Ningbo, have made the final round of bidding for a basic engineering contract to build the...
The global representative body for the non-alcoholic beverage industry, the International Council of Beverages Associations (ICBA) has announced the establishment of ICBA Africa. It also announced...
Industrial boiler engineering company John Thompson and commercial and industrial energy company Berkeley Energy Corporate Solutions (BECS) aim to accelerate the deployment of reliable, renewable...
South Africa's unemployment rate worsened by 0.3 of a percentage point to 33.2% in the second quarter, compared with the unemployment rate of 32.9% reported for the first quarter of the year....
South Africa submitted a revised trade offer to the US on August 12, after its previous ‘Framework Agreement’ submitted in May failed to avert the institution of 30% ‘reciprocal tariffs’ on South...
Airtel Africa and Vodacom Group have entered into a strategic infrastructure sharing agreement in key markets including Mozambique, Tanzania and the Democratic Republic of Congo (DRC). The initial...
Financial services firm First National Bank (FNB) has expanded its collaboration with the Department of Home Affairs (DHA) to enable the reissuance of smart IDs and passports using its banking app...
The South African rand was steady in early trade on Tuesday before the release of domestic mining output and unemployment figures. At 0618 GMT, the rand traded at 17.74 against the dollar, about...
The South African ferrochrome and chrome ore sectors are at a crucial juncture, the Johannesburg Stock Exchange-listed Merafe Resources reported on Tuesday, August 12. Sustained pressure from the...
Forestry, Fisheries and the Environment Minister Dr Dion George is leading a South African delegation attending the second part of the fifth session of the Intergovernmental Negotiating Committee...
JSE-listed real estate investment trust (Reit) Growthpoint Properties has announced the appointment of Estienne de Klerk as group CEO and José Snyders as group CFO from July 1, 2026, and January 1,...
Nonprofit the Organisation Undoing Tax Abuse (Outa) says it held a “constructive” meeting with Eskom Distribution management on August 8 regarding compliance and registration requirements for...
The State-owned South African Nuclear Energy Corporation (Necsa) Group welcomes the upholding of the decision to grant State-owned Eskom environmental authorisation to build a 4 000 MW nuclear...
Industry organisation the Bargaining Council for the Civil Engineering Industry (BCCEI) has concluded a new three-year settlement for two of its collective agreements in the civil engineering...
Paper and pulp producing group Sappi Southern Africa has announced that the Competition Commission has approved its sale of the Lomati Sawmill, in Mpumalanga, to another South African group,...
Financial services firm 27four and the Department of Trade, Industry and Competition (dtic) have reaffirmed their shared commitment to unlocking South Africa’s full economic potential through the...
The South African rand was weaker on Monday as better-than-expected domestic manufacturing data failed to offset trade concerns, with the country scrambling to secure a lower tariff rate on its...
Environmental impact assessment (EIA) firm Infinity Environmental has released a pre-application draft scoping report on the proposed R20-billion expansion project at the V&A Waterfront in Cape...
Eskom group executive for renewables Rivoningo Mnisi reports that the State-owned company has received a positive response to a tender for companies to support it with the establishment of a...
The high ferrous content of Kumba Iron Ore, which is produced in South Africa’s Northern Cape, is helping to lessen carbon dioxide (CO2) emission at a time when this is the global pursuit of...
Business organisation Business Leadership South Africa (BLSA) has reiterated its plans to launch the BLSA Reform Tracker – a publicly available online tool that tracks government reforms, assesses...
Telecommunications group MTN Business has partnered with the South African National Taxi Council (Santaco) Gauteng Region, as part of its commitment to strengthening local businesses that form the...
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