Business

Prominent company forced to cut 2,400 jobs after two decades in South Africa
A major ferrochrome smelter in South Africa is preparing to shut down two major plants and cut jobs after more than 20 years in the country.

South Africa’s Most Intelligent Hybrid Inverter Has Arrived — Meet Megatron AI
Across South Africa, businesses and households are being forced to rethink how they manage energy.

International giant considers exiting billionaire-backed finance group in South Africa
US insurer Prudential Financial Inc. is considering selling its stake in South African financial-services firm Alexforbes, according to people familiar with the matter.

Nike, Superdry and Lacoste ads banned over misleading green claims
The advertising watchdog said the retailers misled shoppers with their ‘sustainability’ claims.

Serious trouble for private schools in South Africa
Private schools in South Africa that are registered for VAT will be forced to deregister by the end of 2026, with National Treasury warning that they will have to cough up to SARS.

Driving circular impact: How the ROSE Foundation is powering South Africa’s used oil revolution
By partnering with ROSE, businesses not only meet regulatory requirements but also demonstrate integrity, environmental stewardship, and national commitment.

Spotify Wrapped: When will it launch, and other questions answered
The streaming giant gives users a summary of their listening habits every year.

Big turn for South Africa
Following two consecutive quarters of declines, the RMB/BER Business Confidence Index (BCI) for the fourth quarter of the year is pointing up. But economists say it’s still too soon to celebrate.

Restructuring hits Big Four bank in South Africa
Nedbank has completed its restructuring amid a muted performance for the banking giant.

Major international companies accused of price fixing in South Africa
Eight international shipping companies have been referred to the Competition Tribunal for price fixing.

Bridgement’s award-winning fintech platform accelerates SME growth in South Africa
Bridgement’s technology-driven lending model is reshaping SME finance through speed, transparency, and global recognition.

Gary Lineker takes football podcast to Netflix
The Rest is Football will stream on Netflix during next summer’s World Cup as part of a new deal.