The rand, which managed to avoid a major blowout following riots in two of South Africa’s key provinces in July, finally gave way and weakened below the psychological R15 to the US dollar level on Thursday.
Author: Suren Naidoo
Transnet Port Terminals has declared force majeure following the ongoing fallout from a cyberattack that hit the entire Transnet group.
While government says it is investigating whether the apparent cyberattack on Transnet on Thursday is related to recent unrest in KwaZulu-Natal, a union has appealed for help to protect the state-run logistics and port operator.
Mr Price Group is a step closer to scooping up online retail kitchenware pioneer Yuppiechef after the Competition Commission on Thursday announced its backing of the acquisition.
The decision by the environment department to refuse environmental authorisations for Karpowership SA’s multibillion-rand energy deal is likely to be appealed.
The Financial Sector Conduct Authority has closed its investigation into Ovex, conceding in a statement issued on Friday that the company does not require a financial services licence currently.
Amazon’s plan to take up almost half of the space at River Club raises questions about whether it will launch its online retail business locally to take on the Takealot.
Despite overall trade taking a hit due to the Covid-19 fallout and lockdown, Durban-based national apparel and home retail giant Mr Price Group has seen a surge in online sales and has increased its market share post the “hard” lockdown.
Toyota is set to produce its first “hybrid synergy drive” (petrol-electric) car on the African continent at its plant in Durban, as part of a R2.5-billion investment in a new production line.
South Africa’s struggling office property sector faces a huge threat if the work-from-home paradigm shift takes hold.