South Africa may be able to regain an investment-grade credit rating within two years, Finance Minister Enoch Godongwana said.

An overview of the biggest business developments in SA and beyond.

The parliament reconvenes next week to process a host of outstanding legislation that will have a major bearing on business and the economy.

News24 has learnt that the Pietermaritzburg High Court heard Ithala’s urgent application to challenge its provisional liquidation on Friday, but postponed proceedings until 28 January to give the Prudential Authority time to respond.

An overview of the biggest business developments in SA and beyond.

The repeated failure of state-owned entities over the last 30 years proves that South Africa’s government has no place running anything more complicated than a bath, writes Garth Theunissen.

Sasol is looking to revive its international chemical business, including a sprawling US complex, to boost earnings and open up an option to potentially list it, according to the company’s chief executive officer.

Glencore approached Rio Tinto late last year about combining the two big copper producers but the discussions are no longer active, a person familiar with the matter said.

The committee also plans to invite the Financial Sector Conduct Authority to discuss ratios of consumption credit versus productive credit per bank, bank charges and client confidentiality, among other things.

The SA Reserve Bank’s Prudential Authority has applied to the Pietermaritzburg High Court for the provisional liquidation of Ithala SOC Limited, the development finance agency wholly owned by KwaZulu-Natal province.