Business

South Africa officially has a new dollar billionaire – now worth R28 billion
Owner and president of Le Creuset, Paul van Zuydam, has been ranked among South Africa’s dollar-billionaires on Forbes’ official annual rankings.

R2.70 per litre relief for petrol prices in South Africa
The dramatic turn in markets has cut global oil prices by $17 a barrel and boosted the rand, which should shave R2.70 per litre off the fuel price hikes building for May.

What do businesses want ahead of the election?
Shops, cafes and restaurants in Cardigan say increasing costs and low footfall are making it harder.

India’s lack of widebody aircraft a ‘scandal’, says incoming IndiGo chief
India’s aviation market is set to grow but is held back by limited long-haul capacity, says Willie Walsh.

South Africa and United States take big step to rebuild relations
South African President Cyril Ramaphosa accepted new US Ambassador Leo Brent Bozell’s credentials.

Say goodbye to passports and boarding passes at airports
South Africans and other people around the world could soon travel through airports without needing a physical passport or boarding pass.

R150 million expansion for shopping mall in tiny South African town
The Piquetberg Mall is undergoing a R150 million revamp, with its owners looking to keep the small town’s CBD alive.

Expropriation blow in a small town in South Africa
A property company has won an appeal for compensation from SANRAL for the expropriation of its property in Hoedspruit.

Huge swing for the rand
The rand has taken a sharp turn as markets celebrated a two-week ceasefire between the United States and Iran, averting potential disaster in the Middle East—for now.

Big changes for anyone shopping on Temu, and new rules on the cards ahead of elections in South Africa
Here are the five important things happening in South Africa on Wednesday, 8 April.

Foodbank hub set to expand to meet growing demand
Stratford Foodbank is preparing to move to a larger unit, to meet growing demand for its services.

Codehesion – South Africa’s leading software development company
Codehesion only hires the top 3% of software engineering talent, and this approach has yielded incredible results.

Government must think twice about ’emergency’ access to South African pension funds
Both South Africans and the national fiscus face financial risk if the government follows through on its floating idea to allow limited access to the locked position of the retirement pot.

Good news for petrol prices
The price of oil plunged after the United States and Iran agreed to a two-week ceasefire.

Oil slides after Trump agrees to conditional two-week Iran ceasefire
Trump announced the deal not long before a deadline for a Tuesday evening ultimatum for Iran was reached.

The US refinery now processing Venezuelan oil
Chevron is now importing 250,000 barrels of crude per day from Venezuela.