Business

November 12, 2019

Loss-making SAA eyes cutting 900 jobs in restructuring

South Africa's struggling state-owned airline South African Airways could cut more than 900 jobs as it restructures to stem severe financial losses, the airline said.
November 11, 2019

Lies and back-stabbing: Unless something changes dramatically, Lily and Barbrook gold mines may never reopen

A tale of lies, self-enrichment and back-stabbing is slowly unfolding in light of the stalemate regarding the reopening of Lily and Barbrook gold mines in Mpumalanga.
November 12, 2019

Overambitious production targets delay R11bn Baic project

The R11 billion Beijing Auto Industrial Corporation (BAIC) plant at the Coega special economic zone in Nelson Mandela Bay has missed its deadline by two years.
November 11, 2019

ArcelorMittal to close Saldanha operation

ArcelorMittal’s South Africa unit said on Monday it would close its steel operations at Saldanha Works in the south of the country because it could no longer compete in export markets.
November 11, 2019

Illegal mining fight flounders in Kimberley, the world’s diamond capital

Illegal mining fight flounders in Kimberley, the world’s diamond capital
November 11, 2019

Investments have ‘exceeded our expectations’, says Ramaphosa

Last week’s investment summit resulted in R363 billion being committed to South Africa. Add this to the R300 billion in commitments secured at least year’s and the attempts to boost the rate of investment in the economy seem to be bearing fruit.
November 12, 2019

Volkswagen SA breathes a sigh of relief

Vehicle manufacturer Volkswagen SA is heaving a sigh of relief after the conclusion of a trade pact between South Africa and the UK, which will ensure business as usual if Britain leaves the EU without an agreement.
November 11, 2019

Closer to the R1.2 trillion target

Smarting from a slew of bad news, the first of which was the increase in the unemployment rate to 29.1 % – the highest in 11 years – followed by a tetchy pronouncement by ratings agency Moody’s downgrading South Africa’s outlook from stable to negati
November 10, 2019

R363 billion boost for Ramaphosa

The global economy is under pressure, this among challenges closer to home have impacted growth, prompting rating agencies to take a dim view of South Africa’s economy. Despite these headwinds, President Cyril Ramaphosa remains undaunted in his drive
November 10, 2019

Nersa fed up with Eskom's intransigence

The National Energy Regulator of SA (Nersa) is so tired of Eskom’s “lack of cooperation” that it wants to drag it before a tribunal that has the power to fine the state-owned power utility R20 billion a day.
November 10, 2019

Mthatha needs more airlines

The Mthatha-based King Sabata Dalindyebo Municipality in the Eastern Cape has called on more airlines to join SA Express in servicing the Mthatha route to ensure increased competition and reduced ticket prices.
November 10, 2019

SA investment summit hailed a success

With a reported R363bn in investments raised, delegates are keeping their outlook upbeat as they focus on the long term.
November 10, 2019

Gas boom gains ground, but state needs to revise the rules

The discoveries at Brulpadda and Rovuma basin have spurred renewed interest in exploration, hastening the urgency for government to come up with legislative clarity to attract investment.
November 7, 2019

Leading with humility - FNB's youngest chief executive

The biggest lesson we have to teach people is to spend less than they earn while also rewarding themselves by saving – Potwana.
November 7, 2019

The most important thing SA has right now is an honest leader - Richard Branson

Richard Branson says that the most important thing South Africa has right now is an honest leader.
November 6, 2019

Friends & Fiction: Economy will drive violence in next election

The frosty winds of the next provincial elections are starting to blow, and these will be President Cyril Ramaphosa’s big test as party leader and president of the republic.
November 6, 2019

Future-proofing food security in a hotter, drier world

Key to agricultural revolution is AI and resilient crops, writes Dhesigan Naidoo.
November 6, 2019

Ramaphosa confident about reaching R1.2-trillion investment target

R54.8 billion. That’s the amount in investment pledges announced at the first session of the second annual South African Investment Conference.
November 6, 2019

Comedy and community combat the climate crisis

A play is part of a project that aims to help farmers cope better with climate crisis threats through modern technology, sustainable growing techniques and better understanding of climate issues, writes Menna Farouk.
November 6, 2019

Partnering for an inclusive prosperous future — Ramaphosa's speech at investment conference

This is an edited version of the speech deliverd by President Cyril Ramaphosa on Wednesday, opening the second annual South Africa Investment Conference in Sandton.
November 6, 2019

Book Extract: A steady ship in a steady current

Sweat Scale $ell by Pavlo Phitidis.
November 6, 2019

Eskom ‘disappointed’ at Moody’s lowering its rating deeper into junk

Moody’s pushed Eskom’s credit rating deeper into sub-investment territory on Tuesday, saying a government plan to reorganise the cash-strapped power utility would be hard to implement without explicit support from the Cabinet
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November 10 2019