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 …
South Africa
Major retail outlet Makro has launched its first stand-alone shopping app which will enable customers to purchase merchandise, liquor, and pantry items, remotely. The Makro Shopping App, available to Apple …
- Banking, Finance & InvestmentBusinessSouthern Africa
Standard Bank cuts ties with Iqbal Survé’s Sekunjalo group
Standard Bank says it has decided to cut its ties to Cape Town businessman Iqbal Survé’s Sekunjalo group following a “comprehensive client review process”. The bank was one of the …
- BusinessEnergyOil & GasSouthern Africa
Sasol declares force majeure on petroleum product as Natref is forcefully shutdown
Sasol has declared a force majeure on the supply of petroleum products after key refinery Natref was forced to shut down on Friday due to delays in the arrival of …
- BusinessSouth AfricaTransportation & Logisitics
Mango creditors accept R85 million less approved by parliament
Creditors of Mango have accepted R85 million less from government than the R819 million approved by Parliament in a special allocation 18 months ago, in a bid to avoid a …
- BusinessEnergyOil & GasSouthern Africa
PASA: R1bn Investment in SA’s oil and gas industry gets halted by Legal action
According to an official from PASA, Petroleum Agency SA, Legal processes lodged by coastal communities to block oil and gas exploration effectively halted R1 billion in investment into the country. …
- Banking, Finance & InvestmentBusinessINVESTMENTSouthern Africa
Standard Bank dismisses vaccination policy
Standard bank came under fire for dismissing 40 employees and placing others on special leave for refusing to vaccinate despite the company making it compulsory to do so. Earlier this …
- AfricaOil & GasSouth AfricaSouthern Africa
Oil Exploration Planned Again Off South Africa’s West Coast
Searcher Seismic is planning a survey looking for oil offshore South Africa, months after it called off an earlier search due to a court challenge. The company is applying for …
Tongaat Hulett has approached the JSE for a temporary suspension of its listing, saying it will not be able to publish its financials on time, again. The company’s share price …
- BusinessSouthern AfricaSpotlight
Mercedes-Benz South Africa disapproves of electric vehicle subsidies
Mercedes-Benz South Africa (MBSA) is opposed to the government subsidizing electric vehicles (EVs) to make them more affordable, but believes there should be parity between the import duties imposed on …