Brent crude oil prices tumble as escalation in US-China trade tensions spark demand fears

Siphelele Dludla|Published

Brent crude oil prices have fallen to their lowest level since April 2021, dropping below $64 a barrel as escalating US-China trade tensions threaten global economic ...

Rangel Logistics Solutions invests R125 million in SA’s warehouse to boost AfCFTA trade

Siphelele Dludla|Published

Portugal-based Rangel Logistics Solutions has announced a R125. 6 million investment in a new warehouse facility near OR Tambo International Airport, creating 160 ...

Cashbuild moves to acquire 60% stake in Allbuildco Holdings for R93 million

Siphelele Dludla|Published

Cashbuild is set to acquire a 60% stake in Allbuildco Holdings for R93 million, a strategic move that will expand its hardware and building materials presence with ...

South African tourism businesses remain optimistic despite operational challenges

Siphelele Dludla|Published

The latest Tourism Business Pulse Report shows 47% of South African tourism businesses expect improved performance in the next year, despite challenges like load ...

Escalating US tariffs send SA market into tailspin amid political uncertainty

Siphelele Dludla|Published

South Africa's economy faces mounting pressure as the rand plummets to a near two-year low amidst escalating US-China trade tensions and uncertainty over the future ...

MTN Group partners with Synamedia to launch tailored streaming platform for Africa

Siphelele Dludla|Published

MTN Group announces a strategic partnership with video software provider Synamedia to create a cutting-edge streaming platform for Africa. The new service will offer ...

Westbrooke launches sustainable energy initiative harnessing solar power

Siphelele Dludla|Published

Westbrooke Alternative Asset Management has launched a comprehensive renewable energy portfolio featuring 80 solar projects across nine South African provinces. ...

Overberg Wind Farm secures financing for SA's largest privately developed wind project

Siphelele Dludla|Published

South Africa's largest privately developed wind farm, the 380MW Overberg project, has achieved financial close with backing from DBSA, Absa Bank, and Standard Bank. ...

Government calls for collaboration with compliance issues in hospitality industry

Siphelele Dludla|Published

The Department of Employment and Labour and Fedhasa held a collaborative breakfast session at Emperors Palace to address compliance issues in the hospitality industry. ...

South Africa braces for crucial US trade talks as tariffs threaten Agoa benefits

Siphelele Dludla|Published

South Africa is preparing strategic diplomatic engagements with the United States following President Trump's announcement of 31% reciprocal tariffs that effectively ...

South Africa opens second round of applications for Trusted Tour Operator Scheme

Siphelele Dludla|Published

Minister Leon Schreiber has opened a second round of applications for the Trusted Tour Operator Scheme after its successful launch yielded thousands of additional ...

South Africa faces turbulent economic outlook, rising inflation as US tariffs wreak havoc

Siphelele Dludla|Published

"President Trump's new 30% tariff on South African imports has sent shockwaves through the JSE, causing it to plunge 3. 4%. Economists warn of significant impacts ...

MTN CEO Ralph Mupita appointed deputy chair of GSMA Board to steer mobile innovation

Siphelele Dludla|Published

MTN Group CEO Ralph Mupita has been elected to serve as deputy chair of the GSMA Board of Directors until 2026, bringing his extensive telecommunications experience ...

Gauteng Investment Conference secures over R312bn in commitments for economic growth

Siphelele Dludla|Published

The inaugural Gauteng Investment Conference has exceeded expectations by securing R312. 5bn in investment pledges against a target of R300bn, positioning South Africa's ...

US tariffs pose new challenges for South Africa’s mining industry, warns Minerals Council

Siphelele Dludla|Published

The Minerals Council South Africa warns that new US tariffs could negatively impact global economic growth and mineral demand, despite key exports like PGMs and ...

Black businesses urged to acquire Pick n Pay amid retail struggles

Siphelele Dludla|Published

Former Statistician-General Pali Lehohla has called on organised black businesses to consider acquiring the struggling retail giant Pick n Pay, highlighting the ...

Rand nosedives to 1-month low amid budget turmoil and political uncertainty

Siphelele Dludla|Published

The rand has depreciated to R18. 78 against the US dollar, reaching its lowest point since February as Parliament narrowly passes the controversial budget with a ...

PIC invests R700 million in Africa50 to boost infrastructure development

Siphelele Dludla|Published

The Public Investment Corporation (PIC) has invested R740 million in Africa50 Group, becoming its 36th shareholder. This strategic partnership aims to address Africa's ...

Export momentum sees SA automotive sector thriving despite looming US tariffs

Siphelele Dludla|Published

South Africa's automotive sector demonstrates remarkable resilience with a 31. 1% surge in export sales and 12. 5% growth in domestic vehicle sales, even as it faces ...

Ramaphosa endorses Swazi Tshabalala's bid for African Development Bank presidency

Siphelele Dludla|Published

President Cyril Ramaphosa has officially endorsed Swazi Tshabalala as South Africa's candidate for the African Development Bank presidency, citing her exceptional ...

South Africa embarks on independent transmission programme to boost energy security

Siphelele Dludla|Published

Energy Minister Dr Kgosientsho Ramokgopa has announced a groundbreaking Independent Transmission Programme that will allow private investment in South Africa's electricity ...

Manufacturing sector bracing for further decline amid power woes and US tensions

Siphelele Dludla|Published

The Absa PMI remained in contractionary territory for a fifth consecutive month, although it improved slightly to 48. 7 in March. Manufacturers expect deteriorating ...

PwC warns of energy risks and water shortages as business concerns rise in South Africa

Siphelele Dludla|Published

Despite the suspension of load shedding since March 2024, PwC's latest South Africa Economic Outlook reveals that business leaders still consider energy disruptions ...

Jameel Motors expands its footprint in South Africa with Changan Automobile collaboration

Siphelele Dludla|Published

Jameel Motors announces strategic partnership with Chinese automotive giant Changan Automobile to distribute SUVs, sedans, pickups, and new energy vehicles in South ...

Budget negotiations and Trump tariffs spark rand's decline amidst political turmoil

Siphelele Dludla|Published

The rand has fallen nearly 1% against the US dollar as Parliament faces a critical Budget deadline. With GNU parties divided over proposed VAT increases and economists ...