South African rand buoyed by bounce back in commodity prices

The South African rand rallied in early trade on Tuesday, helped by the bounce back in commodity prices, which has led it back below 16.00 rand/dollar. At 0722 GMT the rand traded at 15.92 against... 

Mpact's Springs Mill set to close amid rand strength, global cartonboard oversupply

JSE-listed Mpact plans to halt operations at its Springs Mill – the only producer of cartonboard in South Africa – once all open orders have been completed towards the end of March. The company... 

Airlink has started services between Johannesburg and Nacala

South African regional and domestic airline Airlink started operating its new regional route, between Johannesburg and Nacala in Nampula province in Mozambique, on Monday. The route will initially...