Shoprite snaps up Ellerine’s high-end Wetherlys

South African retailer Shoprite is buying upscale Wetherlys furniture stores from the unit of a failed credit lender African Bank, the competition watchdog said on Thursday.

Numsa challenging expulsion from Cosatu

The National Union of Metalworkers of SA (Numsa) is challenging its expulsion from Cosatu in court, general secretary Irvin Jim said on Thursday.

South Africa to sign fuel deals to tackle power crisis

South Africa will increase gas imports to supply its under-fuelled power plants, which should help add 500-2,500 megawatts to the grid, the cabinet said. The gas is mostly expected to come from neighbouring Mozambique

Consumer confidence index edges up to zero

Consumer confidence increased from -1 index point to a level zero in the fourth quarter of this year, according to the FNB/BER Consumer Confidence Index (CCI) released on Thursday.

Treasury to take control of SAA

National Treasury is to assume control of South African Airways, Minister in the Presidency Jeff Radebe announced on Thursday.