Tongaat Hulett CEO Hudson resigns and business rescue plan delayed.
By Lehlohonolo Lehana. Tongaat Hulett announced that current CEO, Gavin Hudson, has tendered his resignation with effect from 28 February
Business
Volkswagen, Mercedes and BMW win SA court battle over fee refunds to car owners.
By Londiwe Buthelezi. A new high court judgment brings good news for Volkswagen, BMW and Mercedes-Benz financing arms – but vehicle
Astral calls for government to remove VAT on chicken, eggs and other poultry.
By Londiwe Buthelezi. South Africa’s largest poultry producer, Astral Foods is calling on the government to remove value-added tax (VAT)
SA Reserve Bank governor Kganyago firm on inflation fight even as SA hikes slow.
By Prinesha Naidoo. The South African Reserve Bank may be gaining the upper hand on inflation, but risks, including power
Takealot merchants accused of collusion, PPE price fixing referred for prosecution.
By Nondumiso Lehutso. The Competition Commission (CompCom) has referred two competing companies to the Competition Tribunal for prosecution on allegations of
Prosus, Naspers to cut 30% of corporate staff in latest tech layoffs.
By Loni Prinsloo. Amsterdam-listed Prosus and its parent Naspers are planning to cut their corporate workforce by 30%, becoming the latest
Eskom urges the City of Tshwane to settle R1.4bn electricity bill.
Business Reporter. Eskom says the City of Tshwane’s (CoT’s) electricity debt has once again ballooned to R1.4 billion after a series
Astral Foods warns of big drop in headline earnings due to load shedding.
Business Reporter. Poultry producer Astral Foods expects earnings to tumble 90% for the six months ending 31 March 2023, as
Petrol and diesel price increases on the cards for February.
Business Reporter. The latest data from the Central Energy Fund pointing to increases for both petrol and diesel from the
SA budget carrier Mango’s future hangs on a knife edge.
By Lehlohonolo Lehana. The business rescue practitioner (BRP) for Mango Airlines has warned that the group may have to abandon
No end in sight for South Africa’s delisting trend |A2X CEO.
By Khuleko Siwele and Adelaide Changole. South Africa’s main stock exchange will probably continue haemorrhaging listings over the next year as
Rate rises not over yet until inflation is contained within its target |Kganyago.
Business Reporter. The governor of the South African Reserve Bank (SARB) Lesetja Kganyago says interest rate hikes will keep coming until