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Business

Christmas dinner just got a bit bigger as prices dip
Business
/ 24 December 2024

Christmas dinner just got a bit bigger as prices dip

The cost of a food basket, which includes staples, from rice to chicken packs and vegetables, is cheaper than it was last year

By Aarti Bhana
Q&A: Can gender bonds unlock Africa’s potential?
Business
/ 23 December 2024

Q&A: Can gender bonds unlock Africa’s potential?

Proponents claim that gender bonds represent a powerful tool for addressing gender inequality and unlocking Africa’s economic potential

By Lesego Chepape
Side-effects of medical aids in 2025
Business
/ 22 December 2024

Side-effects of medical aids in 2025

With sharp price hikes and trimmed benefits, consumers must read the fine print carefully

By Lyse Comins
Eskom posts a R25.5 billion loss
Business
/ 19 December 2024

Eskom posts a R25.5 billion loss

The power utility expects to return to profitability in the current financial year but says consumers must pay ‘cost-reflective tariffs’

By Lyse Comins
Government pushes deadline for spaza shop registration to 28 February
Business
/ 18 December 2024

Government pushes deadline for spaza shop registration to 28 February

Making sure the sector is regulated and adheres to health legislation is going to require more government action, minister says

By Aarti Bhana
Two KwaZulu-Natal businesses rise from the ashes in a show of the province’s resilience
Business
/ 17 December 2024

Two KwaZulu-Natal businesses rise from the ashes in a show of the province’s resilience

Between them, the two woman owners have endured illness, riots and repeated arson — only to get up and rebuild, bigger and better

By Lyse Comins
Brighter 2025 outlook for South Africa’s economy
Business
/ 17 December 2024

Brighter 2025 outlook for South Africa’s economy

Analysts expect GDP growth to be 1.5% to 2% in the coming year, which will is also likely to see further interest rate cuts

By Lyse Comins
Chinese car brands disrupt South Africa’s vehicle market, with production and exports declining
Business
/ 16 December 2024

Chinese car brands disrupt South Africa’s vehicle market, with production and exports declining

Aggressive pricing and marketing strategies employed by Chinese producers have put the local industry under pressure

By Anathi Madubela
Food inflation hits 14-year low in November
Business
/ 11 December 2024

Food inflation hits 14-year low in November

Annual consumer inflation edged up slightly to 2.9% from 2.8% in October

By Anathi Madubela
Steel industry struggles deepen as ArcelorMittal retrenchments highlight systemic problems
Business
/ 8 December 2024

Steel industry struggles deepen as ArcelorMittal retrenchments highlight systemic problems

Amid rising imports and operational hurdles, the steel producer announces layoffs while the government’s long-term strategy remains unclear

By Anathi Madubela
Coffee prices will probably stay high due to the drought in Brazil
Business
/ 4 December 2024

Coffee prices will probably stay high due to the drought in Brazil

The cost of coffee in South Africa has jumped since the beginning of the year and looks set to continue rising

By Aarti Bhana
South Africa’s G20 presidency will focus on climate change and Africa’s development problems
Business
/ 3 December 2024

South Africa’s G20 presidency will focus on climate change and Africa’s development problems

The focus would also be on Africa’s high debt levels, financing the just energy transition and the strategic use of critical minerals

By Anathi Madubela
South Africa’s economy shrinks by 0.3% in the third quarter
Business
/ 3 December 2024

South Africa’s economy shrinks by 0.3% in the third quarter

Economists incorrectly predicted a slight uptick in GDP

By Anathi Madubela
Mixed outlook for South Africa’s key trade partners in 2025
Business
/ 2 December 2024

Mixed outlook for South Africa’s key trade partners in 2025

Businesses must demonstrate resilience amid local systemic challenges to attract foreign investment

By Lyse Comins
Boxer debuts on JSE, outshines parent Pick n Pay in value
Business
/ 29 November 2024

Boxer debuts on JSE, outshines parent Pick n Pay in value

R8.5 billion payday for Pick n Pay after listing

By Anathi Madubela
SAA to add R32.6bn to the economy by 2029-30, study says
Business
/ 28 November 2024

SAA to add R32.6bn to the economy by 2029-30, study says

The national carrier emerged from business rescue in 2021 and reported its first profit in more than a decade

By Aarti Bhana
Black Friday spending expected to be subdued
Business
/ 27 November 2024

Black Friday spending expected to be subdued

Although economic conditions have improved, consumers are still grappling with the high cost of living and joblessness

By Aarti Bhana
Canal+ central to Multichoice’s strategy against streaming giants, says CEO
Business
/ 24 November 2024

Canal+ central to Multichoice’s strategy against streaming giants, says CEO

Africa’s biggest pay-TV operator is battling subscriber loss, inflation in key markets, and competition from online entertainment leaders

By Anathi Madubela
Treasury proposes minimum pricing for alcohol to curb harmful drinking
Business
/ 22 November 2024

Treasury proposes minimum pricing for alcohol to curb harmful drinking

A 2020 study found that the cost incurred by provincial and national governments from alcohol abuse was R17 billion

By Anathi Madubela
Reserve Bank cuts interest rates by a conservative 25 basis points
Business
/ 21 November 2024

Reserve Bank cuts interest rates by a conservative 25 basis points

This comes as inflation cooled to 2.8% in October, below the Reserve Bank’s 3% to 6% target band

By Anathi Madubela
Ramokgopa: Prepaid electricity meter deadline ‘has a time stamp, we cannot extend it’
Business
/ 20 November 2024

Ramokgopa: Prepaid electricity meter deadline ‘has a time stamp, we cannot extend it’

Consumers using these meters must re-code them by Sunday 24 November

By Anathi Madubela
Inflation slows sharply in October, paving the way for another interest rate cut
Business
/ 20 November 2024

Inflation slows sharply in October, paving the way for another interest rate cut

Data from Statistics South Africa showed that the CPI annual rate braked to 2.8% – a four-year low

By Anathi Madubela
Lucky Star owner and Woolworths distance themselves from counterfeit pilchards
Business
/ 19 November 2024

Lucky Star owner and Woolworths distance themselves from counterfeit pilchards

Canned pilchards linked to rejected imports have been uncovered during a police raid in Gauteng, sparking Oceana and Woolworths investigations

By Anathi Madubela
Reserve Bank to cut interest rates further this week, economists say
Business
/ 18 November 2024

Reserve Bank to cut interest rates further this week, economists say

What is expected to be the second cut in an interest rate easing cycle would bring relief to consumers ahead of the festive season

By Aarti Bhana
No small potatoes: Up-to-Dates could expire in the future
Business
/ 16 November 2024

No small potatoes: Up-to-Dates could expire in the future

Mondials remain the most popular and profitable variety of potato in South Africa but Up-to-Dates are slowly losing favour with farmers

By Aarti Bhana
Financial watchdog warns investors: Banxso is not ‘in the clear’
Business
/ 12 November 2024

Financial watchdog warns investors: Banxso is not ‘in the clear’

The Financial Sector Conduct Authority has said the online trading platform’s licence remains withdrawn despite a recent court ruling

By Lyse Comins
Unemployment drops to 32.1% in third quarter
Business
/ 12 November 2024

Unemployment drops to 32.1% in third quarter

The jobless rate is down from the two-year high of 33.5% recorded in the second quarter

By Aarti Bhana
Withdrawing SRD grant could save R36bn, but economists say it is here to stay
Business
/ 11 November 2024

Withdrawing SRD grant could save R36bn, but economists say it is here to stay

The grant budget is to be cut by R20 billion but it is unclear how the numbers will add up

By Anathi Madubela
BHI Trust victims fear fraud cases are closed
Business
/ 11 November 2024

BHI Trust victims fear fraud cases are closed

Some of the investors who sunk millions into the pyramid scheme have been told that the fraud cases they opened have been closed

By Lyse Comins
Corporate taxpayers frustrated with Sars over delays, aggressive penalties
Business
/ 9 November 2024

Corporate taxpayers frustrated with Sars over delays, aggressive penalties

Half of the participants in the Taxing Times survey still find compliance with tax obligations difficult

By Des Erasmus
How safe are South African banks from cyber attacks?
Business
/ 8 November 2024

How safe are South African banks from cyber attacks?

Experts say the banking system is as advanced as that in Europe but its antiquated infrastructure is difficult to modernise

By Lyse Comins
Starlink terminals sold out in five African countries as demand soars
Business
/ 4 November 2024

Starlink terminals sold out in five African countries as demand soars

The satellite service continues to disrupt the continent’s traditional internet market

By Conrad Onyango
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