The share price of JSE-listed consumer packaged goods group Libstar opened at R5.35 on Wednesday, jumped over 12% on the announcement of its acquisition of Cape Foods, and closed the day 6.54% up at R...
Nedbank has cut a quarter of its branches (25%), or 140 outlets, since 2015. This has meant a reduction in the floor space occupied by branches of 22% since that point, with a cumulative 69 586m2 sav...
South African consumers have seen a marked deterioration in their finances over the last quarter, to the extent that the nation as a whole is seen as being financially very exposed. The recent increas...
The Minerals Council South Africa on Wednesday (10 August) advised energy regulator Nersa to stop its “unwise” and rushed overhaul of the way electricity tariffs are determined in South Africa. It wou...
The uncertainty over the future of e-tolls on the Gauteng Freeway Improvement Project (GFIP) has resulted in doubts being expressed over whether the SA National Roads Agency (Sanral) will receive any ...
South African banks already comply with domestic and international anti-financial crime and terrorism funding regulation and best practice, as this is required for them to be part of the global financ...
The Special Investigating Unit (SIU) and state-owned ports and logistics company Transnet have obtained a. preservation order from the Special Tribunal to freeze five luxury properties in gated estate...
As energy bills mount and the threat of rationing increases, some European retailers are turning off lights and considering shorter opening hours this winter. Energy bosses and government officials ha...
Get the biggest business stories emailed to you every weekday or go to the Fin24 front page. Richemont chairman Johann Rupert won't give in to activist shareholder Bluebell Capital Partners' campaign ...
Demolition at 142 Bree Street in Cape Town has begun, to make way for the first ever biophilic development in Africa – a 24-storey living, breathing mixed-use building in the heart of the city’s CBD. ...
Get the biggest business stories emailed to you every weekday, or go to the Fin24 front page. Aspen Pharmacare will stop making Covid-19 vaccines at its Gqeberha plant in South Africa from the end of ...
Cape Foods produces a variety of branded private label herb, spice and seasoning blends. The value of the acquisition has not been disclosed and it is expected to be finalised in November. The group, ...
South Africa’s Aspen Pharmacare will stop making Covid-19 vaccines from the end of this month due to a lack of orders, a senior executive said, further undermining Africa’s already meager capacity to ...
South Africa’s economy will face a price hike by Sasol for gas supply that will add about R325 million ($20 million) a month to the cost, according to an association of users of the fuel. “The current...
Get the biggest business stories emailed to you every weekday, or go to the Fin24 front page. The Department of Agriculture, Land Reform and Rural Development says it has struck a deal with the Europe...
Get the biggest business stories emailed to you every weekday, or go to the Fin24 front page. An index measuring South African business sentiment rose to a four-month high in July as tourism numbers a...
South African business confidence rose slightly in July, helped by an increase in trade volumes and new vehicle sales, data showed on Wednesday. The South African Chamber of Commerce and Industry (SAC...
The state-owned Central Energy Fund (CEF) has completed its due diligence related to an agreement with JSE-listed Renergen to invest R1 billion for a 10% stake in the gas company’s 20-year Virginia Ga...
‘This Russian war against Ukraine and against all of free Europe began with Crimea and must end with Crimea — its liberation,’ Zelenskiy said. Ukrainian President Volodymyr Zelenskiy pledged to “liber...
‘The are many areas in South Africa where we can invest and expect to see robust growth, despite the current economic circumstances’: CEO Bruce Strong. SIMON BROWN: I’m chatting now with Bruce Strong,...
Flight following websites and Twitter accounts offer real-time views of air traffic. Limits do apply in some cases, but the core information source is legally available and open to anyone with the rig...
Get the biggest business stories emailed to you every weekday, or go to the Fin24 front page. Nedbank has reported a 27% jump in headline earnings to R6.7 billion for the six months to end-June. The j...
Banking group Nedbank declared an interim dividend of 783 cents per share for the half-year ended 30 June 2022 on Wednesday, up 81% on the comparative 2021 half-year and back above the 2019 pre-Covid ...
The rand edged lower in early trade on Wednesday, as investors awaited US inflation data to gauge the pace of interest rate hikes. At 0649 GMT, the rand traded at R16.63 against the dollar, down 0.15%...
The winds of change are blowing through global property markets, including the prime sector. Knight Frank’s Prime Global Cities Index Q2 2022, which tracks movement in prime residential prices across...
Stocks and bonds declined on Wednesday amid caution ahead of US inflation data that will shape investor expectations for further Federal Reserve interest-rate hikes. A gauge of Asian equities headed f...
The Rhine has dried up to the point of becoming all but impassable at a key bottleneck, stymieing vast flows of diesel and coal. In the midst of an arid summer that set heat records across Europe, the...
Crop futures have retreated to pre-war levels, and the UN’s monthly measure of food prices sank the most since 2008. While the outlook for global crops is improving from the tumultuous weeks after Rus...
Elon Musk offloaded $6.9 billion of stock in Tesla, the billionaire’s biggest sale on record, saying he wanted to avoid a last-minute selloff of the electric-car maker’s shares in the event he is forc...
Russian crude flows through Ukraine to Hungary, Slovakia and the Czech Republic were halted because sanctions prevented payment of a transit fee, dealing a fresh blow to Europe’s energy security. A fi...
Elon Musk has sold nearly $7 billion (about R282 billion) worth of Tesla shares, according to legal filings published Tuesday, amid a high-stakes legal battle with Twitter over a $44 billion buyout de...
Investors will have to navigate high inflation and rising interest rates as well as shifting geopolitics and technology if they hope to maximise portfolio returns over the next three to five years. Gl...
The closing date for the Open Road Tolling (ORT) e-toll system on the Gauteng Freeway Improvement Project (GFIP), originally valued at R6.872 billion, and the R56 Matatiele rehabilitation tender, valu...
Paper and plastics packaging producer Mpact delivered a strong performance in the half-year ended 30 June 2022, on the back of solid local demand for both containerboard and cartonboard as well as goo...
Eskom has proposed that households pay a far greater portion of their bills in the form of fixed charges related to the supply of electricity (currently these are bundled into the price per unit of po...
The appointment of an auditor is a mandatory requirement, and consequently an easy target if things go wrong. There is a false perception that the future of the audit industry hangs in the balance. W...
US Secretary of State Anthony Blinken’s whirlwind visit to three African countries is the second in less than 12 months. In November 2021 he visited key U.S. regional partners Senegal, Kenya and Niger...
Get the biggest business stories emailed to you every weekday or go to the Fin24 front page. The United States placed sanctions Monday on Tornado Cash, a leading "crypto mixer" for transactions in vir...
If women and men participated equally as entrepreneurs, this could boost global economic growth by $2.5-5 trillion. Women also tend to reinvest more in health, education and nutrition of their famili...
Get the biggest business stories emailed to you every weekday or go to the Fin24 front page. The World Bank on Monday said it was mobilising a $4.5 billion grant for Ukraine provided by the United Sta...
As climate change accelerates and supply chain disruptions persist, the theory of degrowth is becoming less taboo. Degrowth is about meeting human needs within planetary boundaries - essentially drivi...
Get the biggest business stories emailed to you every weekday or go to the Fin24 front page. The Russian-held Zaporizhzhia power plant in Ukraine, which is at the centre of international concern amid ...
The Special Tribunal, which adjudicates on civil matters arising from SIU probes, has frozen assets linked to former Transnet executives - namely five luxury properties and nearly R2 million in pensio...
Urges greater international support to stop China effectively controlling the Taiwan Strait. Taiwan’s foreign minister said on Tuesday that China was using the military drills it launched in protest a...
The US is determined ‘to graduate from policies that inadvertently treat sub-Saharan Africa as a world apart’. The US unveiled a new strategy to forge closer relations with sub-Saharan Africa, while c...
Britain’s cap on domestic energy prices is expected to rise to more than 4 200 pounds a year in January, up 230% on the year before, a leading economic forecasting group said on Tuesday, deepening the...
Get the biggest business stories emailed to you every weekday, or go to the Fin24 front page. An illegal fitting discovered on Transnet's fuel pipeline between Jameson Park and Alrode in Gauteng on Su...
We are moving from a state monopoly in electricity to a free market where people can risk their own money to build plants, generate power and sell it to their chosen customers. This could unleash eno...
A couple of months ago, we hosted a portfolio dinner at a restaurant in Nairobi. We thought we would pay for this with the company credit card which is a virtual card linked to our bank account. The...
150+ Top African investors already confirmed to speak at AFSIC which takes place 10th-11th October 2022 in London, including a huge range of Africa’s most important investors, dealmakers and business ...