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Staff and customer at a Boxer store
Boxer rises on debut after South Africa’s biggest IPO since 2017
28th November 2024 By: Bloomberg

Boxer Retail surged in its Johannesburg debut following South Africa’s biggest initial public offering since 2017. The stock gained 17% to R63.01 at 9:07 a.m. local time, up from the IPO price of... 


Takealot boosts logistics with new distribution centre in South Africa's Durban
28th November 2024 By: Reuters

Takealot, South Africa's biggest pure-play online retailer, on Wednesday opened its third distribution centre in the coastal province of KwaZulu-Natal, as it seeks to offer faster deliveries in the... 


Mistra executive director Joel Netshitenzhe
South Africa could play indispensable role in the global hydrogen value chain, says Mistra's Netshitenzhe
27th November 2024 By: Marleny Arnoldi

Speakers participating in the Mapungubwe Institute for Strategic Reflection’s (Mistra’s) ninth yearly platinum group metals (PGM) roundtable, on November 27, agreed that South Africa has potential... 


Nampak to report turnaround in headline earnings a share
27th November 2024 By: Schalk Burger

JSE-listed packaging manufacturer Nampak expects to report headline earnings a share from continuing operations of R31 to R35 for the financial year ended September 30, compared with the headline... 


Televisions on display at the Tevolution Museum
Hisense opens television museum in Cape Town
27th November 2024 By: Schalk Burger

Electronics manufacturer Hisense has opened a museum of television, the Tevolution Museum, in Cape Town. In partnership with the Western Cape Department of Cultural Affairs and Sport and the South... 


IMF logo
IMF urges South Africa to prioritise ongoing electricity and logistics reform to enhance growth prospects
27th November 2024 By: Terence Creamer

The International Monetary Fund (IMF) has again urged South Africa to implement its economic reforms “ambitiously”, while arguing for priority to be given to reforms in the electricity and... 


Menar MD Vuslat Bayoglu
Competition approval awaited for re-start of major ferromanganese facility – Menar
27th November 2024 By: Martin Creamer

Private investment company Menar, which is awaiting Competition Commission approval following its bid for the large Metalloys ferromanganese facility in Meyerton, is looking to restart at least two... 


Many Suzuki vehicles sold in South Africa are made in India
Indian-built cars lead under-R300k segment in 2023, and have the best resale value – Lightstone
27th November 2024 By: Irma Venter

Vehicles manufactured in India accounted for 70% of the 108 000 light vehicles under R300 000 sold in South Africa in 2023 through the dealer network, says market intelligence group Lightstone. The... 


Containers at a port
Outlook for South Africa's trade, investment in 2025 mixed – PwC
27th November 2024 By: Schalk Burger

South Africa’s largest sources of foreign investment, including the US, the UK and Germany, are entering 2025 with mixed fortunes. With great uncertainty about the US economy in 2025, the economic... 


An employee working in a grocery store
South African food inflation falls again in October
27th November 2024 By: Rebecca Campbell

Food and non-alcoholic beverage (NAB) inflation (henceforth to be referred to just as food inflation) in South Africa fell again in October, the Bureau for Food and Agricultural Policy (BFAP) think... 


Vodacom's head office
Tau appeals block of $730m Vodacom deal
27th November 2024 By: Bloomberg

South Africa’s Trade, Industry and Competition Minister Parks Tau is appealing an order by the nation’s Competition Tribunal that blocked Vodacom Group’s R13.2-billion deal to buy a stake in... 


Eskom prepaid meters
Eskom reports successful conversion of its prepaid customer base to KRN 2
27th November 2024 By: Creamer Media Reporter

Power utility Eskom says it has successfully completed its prepaid meter Key Revision Number (KRN) rollover project, but has set a new deadline of December 13 to assist paying customers who are... 


Wine rack
South Africa Wine opposes proposed increase in excise taxes
27th November 2024 By: Marleny Arnoldi

Industry body South Africa Wine has denounced government’s proposed excise tax increases on wine, saying it could contribute to job losses and force producers out of the market. The proposed tax... 


Maize crops
South Africa plans US corn-import permits as drought cuts crop
27th November 2024 By: Bloomberg

South Africa will issue import permits for genetically engineered white and yellow corn from the US after a mid-summer drought that caused 22% drop in local production. South Africa’s Department of... 


Absa Business Banking manufacturing sector executive Justin Schmidt
Confidence among manufacturers at highest level in more than two years – Absa
27th November 2024 By: Schalk Burger

The Absa Manufacturing Survey for the fourth quarter of this year showed that production, domestic and export sales, and new orders have improved and recorded better levels than initially expected.... 


Chrisnelsa, partners launch EV/HEV training centre
Chrisnelsa, partners launch EV/HEV training centre
27th November 2024

Automotive quality control specialist Chrisnelsa, in collaboration with government entity the Automotive Industry Development Centre and UK-based EV training institute Duplex Business Services,... 


Eskom CEO Dan Marokane
Eskom welcomes S&P rating upgrade to positive from stable
27th November 2024 By: Schalk Burger

State-owned power utility Eskom has welcomed the decision by international ratings agency S&P Global Ratings to upgrade Eskom's 'B' long-term global-scale foreign and local currency ratings to... 


A roll of fibre cable
Vodacom, Maziv to appeal the prohibition of their fibre deal
27th November 2024 By: Schalk Burger

Mobile network operator Vodacom and connectivity and telecommunications infrastructure company Maziv have decided to lodge a notice of appeal with the Competition Appeal Court after the Competition... 


Gateway Mall
Goldman’s upbeat South African inflation call outdoes Central Bank view
27th November 2024 By: Bloomberg

Goldman Sachs is making a contrarian case for a steep slowdown in South Africa inflation next year, setting itself apart from other observers and the country’s central bank. “We think inflation... 


An image of Zeda CEO Ramasela Ganda
Zeda achieves record full-year revenue despite challenges
26th November 2024 By: Tasneem Bulbulia

African mobility services provider Zeda achieved record revenue of R10.5-billion for the financial year ended September 30 – a 14.5% year-on-year increase – and based off a smaller fleet than... 


Wind features strongly in revised IRP
DMRE to push for Cabinet approval of new-look IRP by end-March despite big revisions
26th November 2024 By: Terence Creamer

The Department of Mineral Resources and Energy (DMRE) has reiterated its aim of securing Cabinet approval for a new Integrated Resource Plan (IRP) for electricity by the end of March after... 


Frasers acquires Holdsport from Old Mutual Private Equity
26th November 2024 By: Schalk Burger

UK-based retail and sports equipment company Frasers Group has concluded a deal to acquire South African sporting, outdoor and recreation goods company Holdsport Group from private equity... 


Challenges, but also opportunities, abound to grow sustainable township businesses
26th November 2024 By: Schalk Burger

A better understanding of the scale, challenges and business models of businesses in township economies can help to create better financing and policy support that will help township businesses to... 


Vukile Property Fund CEO Laurence Rapp
Vukile on track to meet full-year guidance
26th November 2024 By: Sabrina Jardim

JSE-listed retail real estate investment trust Vukile Property Fund has reported a 6% increase in its interim cash dividend to 55.2c a share for the six months to September 30. The company, in a... 


Mall of Africa construction
Attacq confident it will achieve distributable income growth of at least 17% in full-year 2025
26th November 2024 By: Marleny Arnoldi

JSE-listed real estate investment trust Attacq has reiterated its confidence in its ability to achieve distributable income a share growth of between 17% and 20% in the 2025 financial year ending... 


SAIA Auction Information Guide booklet cover
SAIA publishes auction information booklet to provide guidance to auctioneers, the public
26th November 2024 By: Darren Parker

The South African Institute of Auctioneers (SAIA) has published a comprehensive new booklet to simplify the auction process for buyers, sellers and the general public. The ‘SAIA Auction Information... 


Sugarcane farm
Nedbank, Agbiz optimistic about agriculture sector’s growth in 2025
26th November 2024 By: Marleny Arnoldi

After starting the year with an El-Niño-induced drought that negatively impacted on summer crops, high interest rates, animal disease woes and the persistent logistical crisis, sentiment in the... 


Climate Change
Rich countries provide no haven from climate doom, study finds
26th November 2024 By: Bloomberg

As sovereign debt investors concerned about climate change scrutinise national responses to rising global temperatures, they’re increasingly finding that wealthier nations aren’t doing their part... 


United Heavy Lift Fresh berthed at the Durban Container Terminal with crowd of workers in front
Durban Container Terminal receives first shipment of new rubber-tyred gantry crane components
26th November 2024 By: Darren Parker

The motor vessel United Heavy Lift Fresh berthed at the Durban Container Terminal (DCT) Pier 1 last week to deliver the first nine of 16 Liebherr rubber-tyred gantry crane (RTG) component batches.... 


ATNS reports essential bad weather aviation safety systems at East London now approved
26th November 2024 By: Rebecca Campbell

State-owned air traffic control agency, Air Traffic and Navigation Services (ATNS) has posted on professional social media that the Instrument Landing System (ILS) flight procedure for the second... 


DSTI, NRF launch new environmental monitoring network in South Africa
26th November 2024 By: Rebecca Campbell

The National Research Foundation (NRF) has announced that it and its parent Ministry, the Department of Science, Technology and Innovation (DSTI), have jointly launched a new environmental... 


Image of Gauteng Finance and Economic Development MEC Lebogang Maile
E-tolls debt bites into Gauteng’s finances
26th November 2024 By: Natasha Odendaal

Hard choices are having to be made to enable the Gauteng provincial government (GPG) to meet its e-toll debt obligations. In 2022, the GPG accepted its 30% debt contribution to settle South African... 


Stefanutti Stocks sign over construction site
Stefanutti remains commercially solvent but says its future is uncertain
26th November 2024 By: Darren Parker

Multidisciplinary construction group Stefanutti Stocks says it is still commercially solvent despite its current liabilities exceeding its current assets by more than R1.2-billion and its total... 


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Magazine round up | 13 December 2024
Magazine round up | 13 December 2024
13th December 2024

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