SA’s biggest steelmaker ArcelorMittal has denied that a R1-billion bailout from the government is in the works to save its loss-making long steel business.

Industrial group Barloworld’s third largest shareholder says it continues to reject a buyout offer for SA’s exclusive Caterpillar dealer as too low.

Ramaphosa plans structural reform for local government and for the water sector in an effort to lift constraints on the economy.

SA’s communications regulator doesn’t intend to allow international satellite operators to sidestep BEE rules in the communications industry through its proposed new licensing framework – much to AfriForum’s dismay.

President Cyril Ramaphosa announced that the transformation fund will use R100 billion over five years to support black-owned and small businesses.

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

The suspended CEO has resigned after having received a charge sheet containing “damaging” and “defamatory” accusations.

US Secretary of State Marco Rubio said on Wednesday he would skip Group of 20 talks this month, accusing the SA government of having an “anti-American” agenda.

Nasdaq- and JSE-listed Lesaka Technologies reported its preferred profit measure rose over a quarter and beat its expectations in its second quarter to end December, helped by performance jumps in both its merchant and consumer divisions.

SpaceX, the operator of the Starlink satellite constellation, was a no-show at the public hearings into a proposed new satellite licensing framework in South Africa.

Extreme heat will reach dangerous levels – even for younger people – across an area equivalent to the size of the US if Earth’s global warming hits two degrees Celsius, scientists warned.

The World Bank says SA has a learning crisis, which is hampering economic growth. It proposes private partnerships given the tight fiscal environment.

The suspended CEO’s case against the coal miner has been off the urgent roll, with costs.

Retail group Pick n Pay reported on Tuesday that it managed to pick up the pace of its sales in recent months, though it continues to discount heavily as it battles for market share.

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

Retail giant Pepkor reported on Monday that it saw first-quarter revenue growth of over 10%, helped by market share gains and rapid adoption of its fintech offerings, including cellular rentals.

SPAR has lost out on its attempts to get the Supreme Court of Appeal to reconsider its decision to allow the retailer to appeal a previous high court decision that it acted in bad faith against the Giannacopoulos Group.

Shares of SA’s biggest mobile operator Vodacom slipped more than 4% on Monday after it reported that a stronger rand offset a stellar performance in Egypt in its third quarter to end December.

Merafe has launched a review of its struggling ferrochrome smelting business in SA and has warned some furnaces may be suspended in May this year should viable solutions not be found.

Mexican President Claudia Sheinbaum on Saturday ordered retaliatory tariffs in response to the US decision to slap 25% tariffs on all goods coming from Mexico, as a trade war broke out between the two neighbours.

Prime Minister Justin Trudeau said Trump’s move left his government with no choice but to respond forcefully. Canada will place 25% counter-tariffs on C$155 billion worth of American-made products, starting Tuesday.