Eskom has warned that it could implement load-shedding at short notice after all five running units at Kriel power station tripped on Monday morning. “During the early hours of this …
South Africa
JSE-listed chemicals and energy giant Sasol says it expects production of petroleum products at its Natref refinery – which it owns with Total Energies SE – to resume by the …
Telkom is in the process of auctioning off the unused commercial property in its real estate portfolio, with the next batch of buildings set to go under the hammer in …
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South African post office shutting branches due to crime
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 …
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Cotton On moves into its new headquarters at Waterfall
Fashion retailer the Cotton On Group has joined several other leading name brands in South Africa by moving its headquarters and central distribution centre to Waterfall. Situated in Waterfall Logistics …
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 …
- Banking, Finance & InvestmentBusinessEconomy
South Africa Announces Biggest Interest Hike in nearly 20 years
South Africa’s central bank has unveiled the biggest increase in interest rates for nearly 20 years in the continent’s most industrial economy, joining the wave of policymakers trying to tackle surging …
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 …