Southern Africa business news from South Africa, Zambia, Zimbabwe, Botswana, Namibia, Mozambique and the SADC region.
The South African Post Office says it has shut down 144 branches across the country – mainly due to unprofitability, congestion and crime. Responding in a written parliamentary Q&A, the …
JSE-listed company Grindrod has appointed Xolani Mbambo as its new chief executive on the 1 January 2023, Mbambo will succeed current CEO Andrew Waller who has been in the role …
Troubled JSE-listed fishing company Oceana Group may be on the road to recovery, if its performance expectations for the second half of its financial year are anything to go by, …
Impresa Capital has announced that it has inked a deal with Norwegian online classifieds specialist Adevinta to acquire Gumtree South Africa for an undisclosed sum. It said this marks the first …
Cosatu says meat-processing company Eskort was undertaking a mass dismissal of its employees at an operation in Heidelberg, Gauteng. This comes amid wage negotiations between Eskort and employees, where Eskort …
South Africa’s central bank raised its benchmark interest rate by three-quarters of a percentage point to 5.5 percent on Thursday — the steepest hike in a decade. The move — …
Global fast food restaurant KFC has launched a new “high tech” restaurant in Pinelands, Cape Town, featuring digital menus, self-service kiosks and a two lane drive-thru. Kentucky Fried Chicken said …
According to AIDS Healthcare Foundation Africa Bureau chief, Dr Penninah Iutung, patients at the facility will now be transferred to government health facilities where they are set to benefit from …
Restaurants in South Africa and takeaway sectors are seeing a structural shift, says John Loos, property sector strategist at FNB after more than two years of Covid restrictions and increased …
Debt-laden sugar and property group Tongaat Hulett has had its shares suspended from trading on the JSE for the second time in three years. The embattled KZN-based company confirmed the …
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