The Department of Transport has said its review of the Taxi Recapitalisation Programme will raise the scrapping allowance from R159 000 to help operators who want to purchase new vehicles.
ICT group Altron, the owner of vehicle tracker Netstar, reported a 60% jump in its interim dividend on Monday, saying it is benefiting from increased scale as it adds customers.
South African billionaire Patrice Motsepe and his associate companies are being sued for $195 million in Tanzania, with one of the biggest suits to appear in front of the country’s commercial court set to resume on Monday.
SA car exports fell 42.6% in October, partly due to a slowdown in demand in Europe because of stricter emission rules. There is also stiff competition from cheaper electric vehicles from China.
Kenya plans to re-introduce some of the tax hikes that sparked deadly protests earlier this year, the government announced Friday, while a new deputy president was sworn in after weeks of drama.
In an extraordinary twist that has upended an already unpredictable election, the world’s richest man has become Donald Trump’s most influential supporter in his bid to return to the White House.
Veteran analyst Wayne McCurrie has some sage advice for any investment wunderkinds hoping to rake in fortunes from the stock market: the key to success is not about finding the next winner but avoiding disaster.
The pound stabilised on Friday after a volatile few sessions, but still headed for its longest stretch of weekly losses in nearly six years, as political and monetary uncertainty has prompted investors to favour the dollar lately.
South Africa’s trade minister said his country is pursuing more robust trade and investment ties within the continent and with China – its biggest trade partner – as the global trade environment becomes increasingly fraught.
The Advertising Appeals Committee has upheld the Advertising Regulatory Board’s ruling in favour of L’Oreal South Africa, which previously complained that a rival’s products copied the packaging of its CERAVE skincare range.
Vukile Property Fund, which owns malls in SA and the Iberian Peninsula, said on Friday that advanced talks to buy the Bonaire Shopping Centre been delayed by the devastating flash flooding in Spain’s Valencia province.
South African asset managers are coming under increasing scrutiny from asset allocators such as pension fund trustees over their transformation credentials, which critics including deputy finance minister David Masondo have said are lacking 30 years after the dawn of democracy.
Russia’s plan to send two strategic bombers to Pretoria as a display of defence cooperation was postponed after the plan was criticised by one of the main members of South Africa’s coalition government.