News24 Business | US stocks plunge, extending selloff on escalating trade war
Wall Street stocks suffered another bruising sell-off Friday as major indices slumped more than 5% following President Donald Trump’s aggressive tariff policies.
THURSDAY, 05 MARCH 2026, 09:42
Wall Street stocks suffered another bruising sell-off Friday as major indices slumped more than 5% following President Donald Trump’s aggressive tariff policies.
Keeping South Africa’s inflation target at the current range will be costly for the government, according to central bank chief Lesetja Kganyago, who has long been an advocate of lowering the objective.
SA’s largest retailer Shoprite has voluntarily recalled all the cereal products manufactured by Heartland Foods for its namesake brand, Checkers, Usave and OK Foods supermarkets due to inaccurate nutritional labelling by the supplier.
The National Credit Regulator has confirmed that payment should not be made for debt removal services until credit record is cleared, writes Maya Fisher-French.
Hotels and gaming group Sun International has hiked its final dividend by 10%, boosted by a record performance for online sports betting business, SunBet, as well as a relatively better showing from its larger urban casinos.
It isn’t a good idea to be guessing about what will happen should you die.
After telling his local supermarkets for months that their lean beef mince was not at all lean, to no avail, a Cape Town man asked government officials to buy samples and analyse their fat content. The results were alarming, says Wendy Knowler.
Market cycles show predicting winners, especially when consensus is as extreme as it is now, is risky.
Mark* thought he was booking a stay at Mount Grace Hotel & Spa in Magaliesburg directly but unknowingly used a third-party site, which added an extra night to his reservation. Wendy Knowler took up his case.
The global health financing system is failing Africa, leaving its health systems fragile and overly dependent on external aid, writes Selemo Nkwe.
Bracket creep is a term that is used to describe an increase in taxes that occurs when the marginal tax brackets are not adjusted annually for inflation.
R7.5 billion has been allocated towards capacity building at SARS. If Commissioner Kieswetter is right, SA should see the benefits soon. But there is a very narrow window for execution, writes Khaya Sithole.
A new study by researchers has found that brown locusts are carriers of harmful yeasts that can cause infections in humans.
Standard Bank delivered lacklustre headline earnings growth of 4% to R44.5 billion for 2024, though its South African operations and insurance and asset management unit performed strongly.
SA can, in fact, sustainably cut borrowings and increase expenditure if it uses SARS proposals to raise an additional R800 billion in revenue. This would also lower bond yields substantially, and so the cost of borrowing, says Annabel Bishop.
Transport unions Satawu and UNTU have rejected Transnet’s latest offer of an above-inflation wage increase for the next three financial years.
Geopolitical tensions may be on the rise globally amid the constant threat of trade wars, but UK grocery landlord Supermarket Income REIT is confident the defensive nature of its portfolio will help it weather the potential storms.
An overview of the biggest business developments in SA and beyond.
Nasdaq-listed Karooooo Ltd., which provides vehicle-tracking and fleet-management services, will provide for an impairment of goodwill in its Mozambique operations due to the political upheaval gripping the southeast African nation.
Truffle Asset Managers won four prizes at the inaugural FundHub investment awards.
Clear regulations defining the designation of digital assets are essential for reporting to the Reserve Bank and for South Africa to exit the FATF grey list, says Marius Reits.