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
Business
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
Reserve Bank testing digital rand to cut cross-border payment costs.
Staff Reporter. The South African Reserve Bank (SARB) says it is still investigating and testing a central bank digital currency
Retailer woolworths expects “first half” profit to surge up to 80%.
Business Reporter. Woolworths South Africa expects its profit growth to increase dramatically to 80% by December 2022, falling within the range
South Africa’s inflation dips to 7.2% y/y in December.
By Lehlohonolo Lehana. South Africa’s headline consumer inflation slowed to 7.2% year on year in December from 7.4% in November,
Reserve Bank ‘lacks the tools’ to create jobs |Governor Kganyago.
By Prinesha Naidoo. Persistently high unemployment in South Africa is a structural problem that the central bank doesn’t have the tools