Fear of delay over car finance mis-selling payouts
Regulators want to give more time to car dealers potentially facing a deluge of mis-selling claims.
Business
News24 Business | Treasury proposes minimum alcohol price, changes to excise rules
Treasury has proposed the implementation of a floor price below which alcoholic beverages cannot be sold.
Inflation progress stalls in US in October
Prices in the US rose 2.6% over the 12 months to October, driven by more expensive food and groceries.
News24 Business | Prosus unlocks R36bn through Swiggy’s India IPO, eyes PayU in 2025
Prosus, the consumer internet behemoth and Naspers subsidiary, says it unlocked $2 billion (about R36 billion) in value after the listing of Indian food delivery giant Swiggy on Wednesday.
News24 Business | Blockbuster game boosts Tencent’s profit
Tencent’s revenue rose 8% after the summer release of Dungeon & Fighter Mobile helped China’s most valuable company resist a severe economic downturn.
News24 Business | SA sells first dollar bond since 2022, raises R63bn
South Africa’s first dollar bond sale since 2022 drew strong demand, signalling confidence in a coalition government formed after May elections.
Government to order review of rail fare prosecutions
The way firms deal with fare evasion will be examined amid concern about how passengers are treated.
‘Adults buying kids toys to escape global turmoil’
Retailers are increasingly targeting the “kidult” market as family finances are squeezed.
Why Tesla, crypto and prisons are Trump trade winners
As the dust settles on a post-election stock market rally, some firms have already gained
Post Office jobs and branches at risk in shake-up
Hundreds of head office workers are facing cuts and loss-making branches are under threat of closure.
News24 Business | Business brief | Mantengu digs up a profit; Shell prevails in landmark climate ruling
An overview of the biggest business developments in SA and beyond.
News24 Business | Motsepe’s SOLA Group wins first round in Renergen rights battle
An application to suspend development of the solar farm has been rejected, but another seeking more permanent relief is yet to be decided on.
NatWest blocks staff from using WhatsApp and Facebook Messenger
Employees must stick to official channels to make sure their messages are fully retrievable.
News24 Business | Third-quarter unemployment rate decline outstrips expectations
South Africa’s unemployment rate fell by more than expected in the third quarter, declining by 1.4 percentage points to 32.1%.
News24 Business | Filipino giant says Maersk unit holds SA ‘hostage’, will appeal Durban port interdict
ICTSI said it will use all legal channels to make sure that a Maersk subsidiary, “is not successful in holding the Durban port, and indeed the South African economy hostage to their interests”.
News24 Business | FlySafair to interdict ruling that threatens international flights
FlySafair has filed an urgent application to interdict a ruling that threatens its international operations after it was found that the airline’s shareholding structure violates foreign ownership regulations.
Motorists who bought cars on finance could share in billions
The car finance industry is setting aside billions to pay for potential claims after a test case.
Factory wins £1bn contract for wind turbine blades
The deal secured by the Hull facility is for the East Anglia TWO project off the Suffolk coast.
News24 Business | Transnet woes ‘create opportunities’, says MSC unit amid R767m push into Namibia
MSC Mediterranean Shipping Company SA’s Africa logistics unit will invest as much as €40 million in Namibia by 2030 to benefit from growing oil, gas and renewable energy developments.
News24 Business | Less than a quarter of Sixty60 drivers are from SA as locals ditch the job
Just under a quarter of the more than 7 000 independent drivers for Shoprite’s newly acquired Pingo last-mile delivery platform are South African.
Wessex Water fined £500,000 over fish deaths
The company is handed its second biggest fine over the deaths of thousands of fish in two rivers.