Business

By Lehlohonolo Lehana. The Absa purchasing managers index (PMI) fell to a two-year low in June, with all five subcomponents

By Adelaide Changole. South Africa’s plan to provide its struggling power utility debt relief and potentially write off municipalities’ arrears to

By Sarah Smit. As South Africa’s electricity crisis persists, demand for alternative energy has helped drive credit growth, according to

By Lehlohonolo Lehana. Photo Credit: Reuters. BMW Group will build its new X3 model in South Africa from 2024, investing R4.2-billion

By Lehlohonolo Lehana. Former CEO of JSE-listed Telkom Sipho Maseko has been appointed to grocery retail giant Shoprite’s board as

By Francine Lacqua and Monique Vanek. South Africa’s central bank will keep monetary policy tight for longer to tame persistent inflation,

By Loni Prinsloo. Prosus and its parent Naspers received approval from South African regulators to remove a cross-holding structure in a

By Loni Prinsloo. New York-listed IHS Towers is consulting with JPMorgan Chase & Co. for advice regarding an escalating standoff with

By Mike Cohen. It is incumbent on South Africa’s central bank to increase borrowing costs to tame sticky inflation, even

By Lehlohonolo Lehana. Consumers are expected to feel some reprieve as inflation has continued to cool, slowing to 6.3% for

By Lehlohonolo Lehana. SA’s biggest insurer Old Mutual has completed migration of its entire information technology (IT) infrastructure, including its banking,

By Lehlohonolo Lehana. Telecommunications group Cell C has appointed Jorge Mendes as its new CEO, effective July 1, 2023. Mendes’ appointment comes