Southern Sun secures leases for prime Durban beachfront hotels and plans R1bn investment.
By Suren Naidoo. The lucrative leases for one of the largest hotel properties in South Africa came up this year
Business
SA Reserve Bank imposes fine on Old Mutual for FICA violations.
By Liesl Peyper. Old Mutual Life Assurance Company got a R15.9 million fine from the South African Reserve Bank (Sarb)
South Africa sees smaller FDI inflows in the second quarter |Reserve Bank.
By Kopano Gumbi. South Africa recorded foreign direct investment inflows of R16.6-billion in the second quarter of 2024, down from R24.4-billion
HSBC exit South Africa following deals with FirstRand, Absa.
By Lehlohonolo Lehana. HSBC has reached an agreement to transfer its business in South Africa to local lenders Rand Merchant
Economists split on how deep South Africa’s easing cycle will be.
By Ntando Thukwana. South Africa’s first interest-rate cut since 2020 quickly divided economists over how much further it will go after
Nedbank weighs reorganising investment bank to tap Africa deals.
By Loni Prinsloo, Bloomberg. Nedbank Group is considering reorganising its investment banking unit to help the South African lender prepare
Reserve Bank joins easing club with 25 basis point rate cut.
By Lehlohonolo Lehana. The SA Reserve Bank’s monetary policy committee (MPC) lowered interest rates by 25 basis points – despite
South Africa’s consumer confidence recovers to pre-pandemic levels.
By Ntando Thukwana and Simbarashe Gumbo. South African consumer confidence surged in the third quarter to pre-pandemic levels, driven by increased
Rand hits best level in 14 months as markets bet on giant US rate cut.
By Tannur Anders. The rand briefly broke through R17.60/$ to reach its best levels since July 2023 amid dollar weakness
Asset managers are investing in once-shunned nuclear stocks.
By Lisa Pham, Bloomberg. Fund managers are betting that nuclear energy, an area traditionally off-bounds for investors with environmental mandates, is
Sasol names former climate negotiator Muriel Dube as its new chair.
By Lehlohonolo Lehana. JSE-listed chemicals and energy group Sasol has appointed Muriel Dube, a former government climate negotiator, as its new chairperson
HSBC in talks to sell South African unit to FirstRand.
By Loni Prinsloo and Harry Wilson, Bloomberg. HSBC Holdings Plc is in talks to sell its South African corporate banking unit