Business

Unique factory carrying a small town in South Africa risks shutting down after 60 years
The unique factory in Mpumalanga—and the small town that depends on it—could face an uncertain future without urgent government intervention.

FNB CEO’s warning for South Africa
The conflict in the Middle East could derail South Africa’s best economic start in a decade as higher food and fuel prices rein in the fledgling recovery in South Africa’s economy.

Reeves plans energy bill help for those ‘who need it most’
The US-Israel war with Iran is having an impact on costs domestically, with oil and gas prices soaring.

Island will not escape ‘significant’ fuel price rises
The Chief Minister says conflict in the Middle East will lead to price rises in the coming days.

New Gautrain stations and routes revealed – including 45km of tunnels
The proposed new routes and stations for the Gautrain have been officially gazetted.

Business Talk — Retailability CEO Normal Drieselmann on Edgars’ success and the future of retail in South Africa
Retailability CEO Norman Drieselmann is an experienced senior executive with a demonstrated history of working in blue-chip listed entities and private equity firms.

Discovery sells stake in American company for R830 million
Discovery has sold a large chunk of its stake in Cambridge Mobile Telematics from the US.

Big fight to keep a state-owned monopoly alive in South Africa
ICASA is launching a process to renew the South African Post Office’s exclusive service licence for another 25 years.

Eskom selling less electricity, but raking in billions in profit from customers
Eskom has presented a financial update for the third quarter of its financial year, pointing to higher profits, despite selling less electricity.

Standard Bank hit with data breach at Liberty
Standard Bank-owned Liberty has been hit by a large data breach, but customers have been assurred that their investments remain safe.

Oil traders bet millions ahead of Trump’s Iran talks post
Market data shows the amount of oil trade rose before the US President said he would postpone attacks on Iran’s power plants.