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ATFX’s Long-Term Vision for Growth: Advancing financial education in South Africa through the Duke of Edinburgh Cup
ATFX is revolutionising financial education in South Africa through its long-standing sponsorship of the Duke of Edinburgh Cup, empowering traders and fostering community development.
Manage Trading Risk More Effectively with HFM’s Tools
Advanced risk management tools from HFM help traders monitor their positions and better manage their trading activity.
Banxso Legal Battle Drags On: Applicants Face Mounting Pressure Amid Court Delays and Regulatory Questions
Banxso's legal battle leaves thousands of customers anxious about frozen funds as court dates approach. The outcome may reshape South Africa's online trading landscape.
Revolutionizing Trading Rewards: No Limits, Maximum Profits
In a bold move set to shake up the online trading landscape, FXGT. com has launched its groundbreaking Ultimate Cashback program. This outstanding initiative empowers traders with unlimited earning potential, ensuring that every trade counts.
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.
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.
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.
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.
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.
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.
Government appoints Deloitte to probe halted USAID grants for HIV/AIDS programmes
The US government-funded partners across South Africa have since received stop-work orders and been forced to begin retrenching vital health care staff.
South Africa faces avian flu threat: Urgent call for vaccination
South African Poultry Association has raised warning flags South Africa is facing a grave risk from the potential spread of Highly Pathogenic Avian Influenza.
Amplats retains productions guidance despite temporarily suspending operations at Tumela mine
The company had set a target of between 3 million ounces and 3. 4 million ounces for production in the current year. After heavy rains pounded the northern parts of South Africa in the past few days, Amplats had to stop operations at Tumela mine and across the wider Amandelbult Complex.
Steinhoff scandal: How Campion Group complicates South Africa's biggest corporate crisis
PwC’s report, the outcome of a lengthy investigation, stated that: “We have identified the Campion Group as an alleged third-party group of companies which the Steinhoff Group has had a business relationship with. ”
SolarAfrica achieves financial close on R1. 8bn solar project in Northern Cape
Rather than adhering to a one-to-one wheeling system, whereby a single generation plant supplies energy to only one off-taker, SolarAfrica will facilitate a one-to-many approach.
Gemfields rebounds with $4. 8 million emerald auction amidst market challenges
The company delayed the auction of some of its emeralds as market conditions were less favourable. Diamond and other precious stones producers have been constraining market supply to cajole prices up as competition from lab grown diamonds intensifies.
South Africa braces for revamped CPI amid rising staple food costs
According to early insights released by Joe de Beer, deputy director-general for economic statistics in the Department of Planning, Monitoring and Evaluation, cereal products such as maize meal, white and brown bread, and white rice show the most considerable increase by weight.
Steinhoff’s three-step accounting trick helped it fudge furniture deals to manipulate billions
The three-step process started when companies in the Genesis Group, nominally independent of Steinhoff, bought the Austrian furniture retailer. This company, the kika Leiner Group, was then split into property and retail companies.
World Bank urges South Africa to enhance public spending efficiency for inclusive growth
The report argues that rather than solely focusing on a robust economic recovery, efforts must also ensure that the benefits of growth are equitably distributed across all societal sectors.