Even as Chinese online players such as Shein and Temu make inroads locally, Swedish fashion brand H&M says physical stores remain king in SA and where the main battle between retailers will be fought.
Qatar Airways is in talks to buy a stake in South Africa’s SA Airlink as the Doha-based airline seeks to expand its presence on the continent, according to people with knowledge of the matter.
Nedbank says it will “strongly defend” against impending litigation from Transnet and the SIU, saying it will pursue counterclaims against the state company and others.
Health minister Aaron Motsoaledi says the High Court ruling declaring parts of the National Healthcare Act unconstitutional is “deeply concerning” – but insists it has nothing to do with the NHI.
South Africa’s parliament has passed the Appropriation Bill for 2024, which will see social transfers increase by roughly R50 billion over three years.
Transnet and the SIU have filed a legal case against Nedbank to cancel interest rate swaps from the state capture era, where they claim the bank raked in billions.