Business

Two small towns carrying South Africa’s economy under threat
The conflict in the Middle East has caused major shipping and port delays, which is bad news for two of South Africa’s towns whose ports are vital hubs in the country’s logistics network and economy.

Woolworths CEO calls it a day
Woolworths Group CEO Roy Bagattini will retire this year, with Woolworths Food CEO Sam Ngumeni taking over.

John Lewis pays first staff bonus since 2022
The department store and Waitrose supermarket owner will give workers a bonus equivalent to an extra week’s pay.

UP’s Prof Vukosi Marivate appointed to UN Independent International Scientific Panel on AI
Professor Vukosi Marivate, Director of the African Institute for Data Science and Artificial Intelligence (AfriDSAI) based at the University of Pretoria (UP) and ABSA-UP Chair of Data Science at the University, has been appointed as a member of the United Nations Independent International Scientific Panel on Artificial Intelligence.

Business Talk – University of Pretoria Professor Vukosi Marivate discusses Africa’s role in the global AI discourse
Professor Vukosi Marivate recently joined the United Nations’ Independent International Scientific Panel on AI and is a leading South African figure in AI research.

Standard Bank still sees interest rate cuts in South Africa
Standard Bank still expects 50 basis points worth of interest rate cuts in 2026 despite the conflict in the Middle East.

‘Heating oil suppliers are holding us to ransom’
People across the South East say the cost of heating their home soared after war broke out in Iran.

Heating oil orders cancelled and prices hiked
South of England households report cancelled orders, price hikes and heating oil supply issues.

R200 billion hit for South Africa’s big banks, and Eskom names municipalities at risk of disconnection
Here are five important things happening in South Africa on Thursday, 12 March 2026.

Food voucher scheme extended until September
A county council says it has earmarked £2.7m to fund the scheme until September.

Bad news for anyone wanting to book flights in South Africa
Anyone wanting to book flights face big increases in ticket prices in South Africa.

US launches probe into major trading partners after tariffs struck down
The move comes after the US Supreme Court struck down a key part of Donald Trump’s tariffs policies last month.

A small US grocer is calling out the lower prices at big chains
It is ‘impossible for us to compete’, says the boss of a New York grocery store.

What role has cyber warfare played in Iran?
Militaries are often cagey about their cyber activities. But the US has hinted at the role it has played.

Big Tech backs Anthropic in fight against Trump administration
A group representing tech giants called government action against Anthropic a “temper tantrum”.

Starmer vows to crack down on ‘profiteering’ from fuel crisis
The prime minister is in Northern Ireland and is expected to hold talks with party leaders and visit a community centre.