The South African rand edged higher today, March 18, 2025, gaining 0.4% to trade at 18.0175 per U.S. dollar, following a strong rally in gold prices. Gold soared to an …
SOUTH AFRICA BUSINESS NEWS
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AfricaAFRICA NEWSBanking, Finance & InvestmentBusinessBusiness and EconomyINVESTMENTSouth Africa
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AfricaAFRICA NEWSEconomyNewsSouth AfricaSouthern Africa
Banking transactions show slow recovery in South Africa
An index measuring South African economic transactions fell for a third successive month in August, suggesting that the economy is struggling to gain broad-based momentum after contracting in the second …
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AfricaAFRICA NEWSBusinessNewsSouth AfricaSouthern Africa
Cannabis Company SafriCanna sells all its output for next year as Europe’s demand increases
Booming demand for medicinal cannabis from Europe to Australia has seen a South African producer sell all of its output for next year in advance. SafriCanna signed sale deals with …
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AfricaAFRICA NEWSBuildingEconomyNewsSouth AfricaSouthern Africa
Cashbuild exits Zambian market over tough trading condition
Cashbuild, the largest retailer of building materials and associated products operating in South Africa, Namibia, Lesotho, Botswana, Swaziland, Malawi, and Zambia is closing its two underperforming stores in Zambia, over …
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AfricaAFRICA NEWSBusinessEconomySouth AfricaSouthern Africa
Walmart launches offer to buy S.African retailer Massmart
U.S retail giant Walmart Inc has launched a 6.4 billion rand ($377.6 million) offer to buy the remaining shares of South African retailer, Massmart. They bought the initial 51% in 2011 …