Companies that manage prepaid electricity meters in sectional title complexes are coming under pressure from trustees and managing agents to unlawfully increase electricity tariffs so that they can us...
Irregular expenditure by the South African National Roads Agency (Sanral) increased by 100% to R1.094 billion in its financial year to end-March 2026 compared to its previous financial year. Sanral ac...
OUTsurance CEO Marthinus Visser received remuneration totalling R83.4 million for the 2026 financial year, an increase of 57% on the prior year. He received guaranteed pay of R8.1 million and short-te...
The eThekwini Municipality’s initiative to crowd in private capital along the Durban beachfront has reached a critical milestone, with preferred bidder Imvusa (Pty) Ltd securing more than R70 million ...
CompCom alleges that the companies restricted independent clinical engineers’ access to spare parts, diagnostic software, service keys, technical information and specialised training needed to compete...
Samsung Electronics Co reported a nearly nine-fold rise in quarterly operating profit, though that was still just shy of sky-high expectations elevated by relentless spending on the AI infrastructure ...
Uniqlo owner Fast Retailing Co.’s annual revenue climbed 17% to a record ¥3.96 trillion ($25 billion), putting it solidly on a path to pull ahead of H&M as the world’s No. 2 apparel retailer and chall...
Isomorphic Labs, an AI-powered drug discovery startup spun out of Alphabet’s Google DeepMind, is in early talks to raise new funds at a valuation of at least $40 billion, according to people familiar ...
Tencent Holdings is considering an offshore bond sale of as much as $5 billion, according to people familiar with the matter, adding to the wave of tech companies seeking debt financing as artificial ...
Retail giant Woolworths Holdings Limited (WHL) has secured all regulatory approvals, including competition authority consent, to acquire 100% of the issued shares of in2food Holdings Proprietary Limit...
Blue Origin LLC is likely to pursue an initial public offering within the next several years, after raising billions of dollars in its first outside funding round, billionaire founder Jeff Bezos said....
Supertankers are racing to the Middle East to cash in on soaring fees for carrying oil through the Strait of Hormuz, exacerbating a global shortage of vessels that has spiked freight rates. Crude flow...
Elon Musk accused unnamed rivals of blocking SpaceX’s Starlink satellite broadband network in India, an apparent swipe at billionaires Mukesh Ambani and Sunil Bharti Mittal. SpaceX has been awaiting a...
Brazil presidential candidate Flávio Bolsonaro won the backing of four centre-right parties on Wednesday, a day after a former adversary endorsed him, bolstering his campaign ahead of a tight run off....
The Iran-backed Houthis struck two airports in Saudi Arabia, killing three people and injuring dozens as the militant group intensifies its attacks on the kingdom while fighting Saudi-backed forces in...
Hurricane Isaias has formed in the US Gulf, marking the first such cyclone in the Atlantic this year, with oil and gas producers shutting in wells and evacuating personnel as the storm tracks toward t...
The government is stepping up plans for more battery energy storage systems (BESS) and gas-to-power power plants to address the problem of surplus electricity during the day, when solar power generati...
The Pretoria High Court has set aside Minister of Trade, Industry and Competition Parks Tau’s decision to introduce the Legal Sector Code, finding that he failed to exercise the independent judgment r...
Dr Tlaleng Mofokeng has a storied career that spans medicine, policy and advocacy. Over the past two decades, she has advocated for universal health access for women, people with disabilities, and LGB...
South Africa intends establishing a commission chaired by President Cyril Ramaphosa to coordinate the work of its state-owned firms after shelving plans to place them under the auspices of a holding c...
The Competition Commission (CompCom) has filed an application with the Competition Tribunal asking for a withdrawal of the tribunal’s decision to conditionally approve the merger between Premier Group...
Africa’s new home-grown rating agency must convince investors that it won’t be prone to local bias as it opens its doors for business. “The first hurdle will be inevitably credibility, because a new r...
Elon Musk’s SpaceX is in talks with banks and investors to raise $40 billion to buy chips from Nvidia, people familiar with the matter said, in what would be among the biggest-ever debt financings for...
Oil gained as traders weighed increased flows through the Strait of Hormuz against a pickup in Iranian attacks against vessels. Brent rose toward $102 a barrel after a volatile session on Tuesday, whi...
Sanlam’s $1.2 billion bid to take full ownership of Santam will give Africa’s top insurer more freedom to deploy capital across the continent, India and the Lloyd’s of London market, the latest step i...
The South African Reserve Bank (Sarb) has begun using direct feedback from businesses to better gauge economic activity and help guide monetary policy. “Industry engagement is standard practice among ...
Airlink has announced that it will launch twice-daily flights between Cape Town and Lanseria International Airport in Gauteng from 4 December, giving travellers between the two regions an alternative ...
As South Africans were hit with record fuel prices from Wednesday, paying over R30 for a litre of petrol and over R33 for diesel, the economic impact of the war in the Strait of Hormuz is showing up i...
Government support provided to South Africa’s manufacturing sector – at national, provincial and municipal level – is either “weak or very weak” according to 68.8% of respondents in a survey for a new...
Government support provided to South Africa’s manufacturing sector – at national, provincial and municipal level – is either “weak or very weak” according to 68.8% of respondents in a survey for a new...
The court showdown between the South African Property Owners Association (Sapoa) and the City of Mangaung about the way refuse removal tariffs for non-residential properties are structured in the metr...
While many Joburgers assume simple incompetence explains the city’s visible decline, a new report points to something darker: criminal networks have allegedly infiltrated key parts of the city’s admin...
Volkswagen Group Africa (VWGA) has initiated a product safety recall covering 291 Amarok double-cab bakkies sold in South Africa due to a manufacturing fault in the side-curtain airbag assembly. Read:...
Nvidia is on the verge of becoming the first company with a $6 trillion market capitalisation as investors rotate back into the artificial-intelligence chipmaker. The stock is once more at a record hi...
Health authorities in Kenya confirmed an Ebola infection in a traveller who recently arrived from the Democratic Republic of Congo, marking the first imported case linked to the outbreak in central Af...
US funding cuts caused sharp and lasting declines in HIV prevention, testing and treatment services at organisations serving some of the people most vulnerable to the virus in Uganda and Zimbabwe, acc...
The fortune of the world’s richest person jumped by $65 billion on Monday to $1.04 trillion, according to the Bloomberg Billionaires Index, as the value of his stakes in SpaceX and Tesla rose. SpaceX...
For the first time in years, all asylum seekers, including people who entered South Africa unlawfully or have no visa, are being given access to the asylum system. A Home Affairs circular on 28 Septem...
Judging by the latest reporting season, and on the face of it, state-owned enterprises (SOEs) have staged a remarkable financial turnaround after many years of decline. The biggest – Eskom, Transnet, ...
Fuel associations are on high alert ahead of Wednesday’s fuel price adjustments, with the pending increases expected to drive motorists to the pumps before the clock strikes midnight. Fuel pumps acros...
South Africans will pay a record price for fuel as the latest oil shocks caused by the Iran war catch up with the monthly adjustments made by the government at the pump. The retail price of 95-octane ...
State-owned logistics operator Transnet Pipelines (TPL) has formally issued Requests for Proposals (RFPs) inviting private sector operators to lease, maintain, and operate five liquid fuel storage fac...
Former Anthropic researcher Jacob Coxon, who warned that artificial intelligence could become too powerful for humans to control, will testify Monday at a New York City Council hearing alongside repre...
The oil stockpiles that cushion the world from supply shocks have become “scarily thin,” putting markets at risk of worsening unless the Strait of Hormuz reopens, according to the head of Saudi Arabia...
The Automobile Association of South Africa (AA) is calling on the Department of Mineral and Petroleum Resources to add N-methylaniline to a sample of South Africa’s petrol specification and to begin t...
Britain’s jobs market is stuck in its longest downturn since the early 2000s, according to a closely-watched survey, surpassing the decline during the financial crisis. S&P Global’s UK purchasing mana...