South Africa's very first multiple-party government from the post-apartheid period deals with critical threats as ANC and DA leaders fight about the national spending plan while South African money struggles in unstable political times. The…
Business: Interim Raubex profits are down by more…
Raubex, the listed infrastructure development and construction materials supply group, yesterday warned shareholders its earnings per share for the six months to August 31 were expected to be much worse than it previously forecast. In…
Netflix is hoping on boosting growth in Africa…
When Netflix first launched in Africa in 2016, early predictions suggested it was likely run into unique problems it had not faced elsewhere, from users’ spotty internet connectivity to questions over its pricing. Five years…
Business: Renergen agrees to supply LNG along the…
JSE-listed emerging natural gas and helium producer Renergen yesterday signed a supply agreement with Logico Logistics Group to supply liquefied natural gas (LNG) at Total filling stations along the N3 between Johannesburg and Durban. The…
Business: Platinum Group Metals set to become the…
Platinum Group Metals (PGMs) have overtaken coal as the biggest revenue generator in South Africa’s mining industry for the first time since 2010, according to the PwC SA Mine 2020 released earlier today. Revenue from…
South Africa: AlphaCode’s incubate programme awards startup with…
AlphaCode, the startup incubator from Rand Merchant Investments (RMI), has awarded Oyi Medical Card R450 0 at its first virtual demo day. Oyi is one of seven startups that were awarded entrepreneurial programs valued at…
South Africa: A united and stronger Leadership required…
Shifting goal posts and signs and symptoms of instability are now not helping to rebuild believe between residents and Eskom. Eskom has extended its request to citizens for load shedding to continue from previously projected…
Business: Healthy deal for Sasol under the conditions
Petrochemicals giant Sasol fell almost 5 percent on the JSE on Friday after it announced that it would sell 50 percent of its difficult Lake Charles Chemicals Project (LCCP) in the US for $2 billion…
Business: Poultry exports resumes after 14-year avian flu…
Egypt is set to export fowl in the ultimate quarter of 2020 following the lifting of a suspension of over a decade due to the avian flu outbreak of 2006. According to a record with…
Business: Women powering the revolution in Africa digitally
On this edition of Business Africa, we meet the women bossing Twitter timeliness across the continent. Also on this show, two sides of the Covid-19 coin; a contact tracing app in Ethiopia and the pandemic's…
Business: South Africa largest PPC cement producer delays…
PPC Ltd. delayed the launch of its full-year income for a third time as South Africa’s largest cement maker continues to fix accounting blunders and strives to finalize a refinancing plan. The Johannesburg-based agency will…
Business: FITA terminates the membership of Gold Leaf…
The Fair-Trade Independent Tobacco Association stated on Wednesday it had expelled the Gold Leaf Tobacco Company from its ranks with instant effect. FITA chairman Sinenhlanhla Mnguni tested that Gold Leaf's membership had been terminated, however…
Business: As the pandemic takes its toll, RMI…
JSE-listed funding maintaining agency Rand Merchant Investment (RMI) stated on Friday that its headline profits fell with the aid of nearly 50percent for the yr to end June, generally due to the big provisions raised…
Business: Eskom’s new CEO plans to fix South…
Andre de Ruyter knew properly the adversity he confronted at South Africa’s strength monopoly -- a state-owned wreck hollowed out with the aid of corruption that struggles to hold the lights on, pay its bills…
Business: SAA Technical withdraws parent company services over…
South African Airways' upkeep subsidiary has withdrawn offerings to its mum or dad after the struggling airline failed to pay cash owed to the unit, an SAA spokesman said on Saturday. Administrators took control of…
Business: Omnia is turning tide in the middle…
South Africa’s Omnia Holdings Ltd. is emerging from the coronavirus pandemic on pinnacle after the agricultural and chemicals enterprise flipped from big financial losses and surging debt to better liquidity and with enlargement plans on…
Business: Finger points for banking investigation at Standard…
The escalating probe into the banking enterprise has fingered one of the country’s biggest banks as being part of a giant community in which nearby financial establishments have been involved in dodgy dealings. The investigation…
Business: For post-Covid-19 recovery, startups may rely on…
This pandemic has caused sizeable disruptions on economies leading to quite a few agencies – massive or small – going below amid Covid-19-induced lockdowns. As startups confront unprecedented times, many are questioning of taking dramatic…
Business: African tech startups are beating the pandemic’s…
When modern versions of African tech ecosystems started out taking structure a decade ago, the big, existential question used to be about where investment would come from. As successive years of record-breaking funding signaled investor…
