Latest News & Developments
free market economy
Redefining what is “smart” about devices
Human mobile Devices are poised for growth in South Africa.
From rural village to fashion success: DUT student's entrepreneurial journey
From humble beginnings in rural Impendle to winning international competitions, DUT student Luyanda Majozi's streetwear brand Enigmatic Cotton is revolutionising local fashion while creating employment opportunities. Discover how this 22-year-old entrepreneur is building a global fashion empire while pursuing his studies.
SA consumers could see 2% VAT hike proposal toppling steady inflation environment
Economists believe that headline inflation remains well-contained despite a slight acceleration and that the new CPI weights could lead to softer inflation outcomes.
Inflation rise to force South African consumers to pay more at the tills
This headline print comes as Eskom has been granted a tariff increase of more than 12% for the next financial year, which is going to cripple household income expenditures as more money goes to pay for electricity.
PwC investigation: Steinhoff created units to dodge tax commitments
According to the consultancy firm’s probe, Hemisphere’s top 20 properties were overvalued by 30% in Steinhoff’s 2017 financial year. PwC noted that it could not confirm the independence and expertise of the entity that did the valuation.
Sibanye-Stillwater pulls out of Rhyolite Ridge lithium project in the US
The Rhyolite Ridge Project, which was initially announced to be part of a joint venture back in September 2021, aimed to capitalise on the growing demand for lithium and boron as critical components for battery manufacturing.
G20 Finance Ministers discuss revenue mobilisation in Africa amidst South Africa’s budgetary concerns
Explore the challenges and opportunities for improving tax revenue in African countries, as discussed at the recent G20 meeting in Cape Town, where global leaders emphasised the need for efficient tax systems and sustainable investment
Cyril Ramaphosa wants G20 to address rising African debt, climate change challenges
President Cyril Ramaphosa highlights the urgent need for debt sustainability among African nations during the G20 Finance Ministers meeting, addressing the implications for essential services and infrastructure
South African Reserve Bank warns of economic shock amid VAT increase debates
VAT is seen as a regressive tax that disproportionally negatively affects the poor.
ACSA seeks to appeal court ruling stalling baggage screening tender process
Acsa contends that its mandate, enshrined in both the Constitution and relevant aviation legislation, requires it to ensure the provision of baggage screening and handling services at its airports, and that a transparent, competitive tender process is imperative.
Perovskite solar technology: revolutionary applications reshaping energy markets
Perovskite technology is revolutionising the solar energy landscape, offering unprecedented possibilities from building integration to powering IoT devices. This comprehensive analysis explores how this emerging technology could transform the £220bn solar market and compete with traditional silicon-based solutions.
Bidcorp reports strong half-year results despite challenges in Mainland China
Bidcorp reports a 10% increase in headline earnings per share for the six months to December 31, despite challenges in mainland China and ongoing economic pressures
JSE shocker: DK Trust ruled concert party in Novus-Mustek takeover
The Takeover Regulation Panel has ruled that DK Trust acted in concert with Novus Holdings in its R13-per-share mandatory offer for Mustek, potentially affecting the R458. 9m deal structure. The ruling highlights concerns over the trust's involvement and requires immediate compliance with takeover regulations
SA fund managers foresee policy reforms, rate cuts amid rand depreciation fears
Regarding sentiment on economic policy reforms, “a net 38% of fund managers expect policy reforms, while the upcoming Budget is anticipated to meet” expectations.
Grindrod identifies R8 billion pipeline in Southern Africa’s logistics sector
“The business will be discerning in the corridors it tenders for, evaluating the opportunities against a set of criteria including efficiencies, customer commitments, understanding of the corridor and the impact on the overall returns across the logistics value chain,” the group directors said.
DRDGold CEO predicts further rand weakness amid rising production costs
Local inflationary increases in the half year period to December contributed to a 6% increase in total cash operating costs to R2. 2 billion for the company.
Curro Holdings to report strong cash flows despite weaker student growth
Nevertheless, Curro is in a healthy financial position, and recurring headline earnings per share are expected to increase between 9. 3% and 17. 5% for the year to between 80 cents and 86 cents a share, from 73. 2 cents the year before.
South Africa aims to elevate MICE industry amid growing global demand, confirms De Lille
“With our collective expertise and shared vision, we can continue our drive to make Africa the world’s most sought-after business events destination,” De Lille said.
Redefine Properties says its earnings outlook is stable in spite of the shallow global interest rate cycle
“To sustain growth in valuations, we cannot rely solely on interest rate movements. Our strategic focus remains on organic income growth, as this will drive value creation in the current market,” CEO Andrew König said.
Meta vs Microsoft: Tinashe Mukogo on how Big Tech AI strategy will reshape Africa’s digital economy
As Meta and Microsoft pursue divergent AI strategies, African tech expert Tinashe Mukogo analyses how these approaches could revolutionise the continent's digital landscape. With WhatsApp's dominance in African business communications, Meta's massive AI investments could reshape how millions of African businesses operate - but is Microsoft's productivity-focused strategy the smarter play?
Beyond Musk: South Africa's responsible tech pioneers making real impact
While Elon Musk's recent controversies cast shadows, South Africa's new generation of tech entrepreneurs like Katlego Maphai and Pieter de Villiers are driving positive change through responsible innovation. Discover how these leaders are reshaping the global perception of South African tech talent.
SA rand makes slight gain against US dollar
Ancho Capital said that markets were weighed down by losses in technology and mining sector stocks.
Summit is a pivotal moment for South Africa's citrus industry - CGA
The CGA calculated that in three years' time, the weekly truck trips from the Northern citrus regions would increase from 2 200 trips per week to well more than 3 800 citrus truck trips per week. We are running out of road and we are running out of time.
The US has ushered in a new era of globalisation. How are businesses adjusting?
Trade in 2025 will be defined by tough choices. Firms must balance diversification and localisation, flexibility and control. Efforts to drive efficiency and agility must be matched with creative strategies for cost management.
How a VAT hike could affect consumer spending and Property markets
Real estate often acts as a hedge against inflation, as property prices have the potential to rise.