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.
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.
This information has been prepared by IG, a trading name of IG Markets Limited
The National Union of Metalworkers of SA (Numsa) is challenging its expulsion from Cosatu in court, general secretary Irvin Jim said on Thursday.
Carmaker BMW has racked up its highest-ever November sales, beating Audi and Mercedes-Benz.
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
The New York banking regulator is investigating if Deutsche Bank and Barclays Plc used algorithms on their trading platforms to manipulate foreign exchange rates, a source with direct knowledge of the matter told Reuters.
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.
South Africa’s government has established a “war room” technical team to implement a turnaround plan for state utility Eskom.
Iron ore may drop to less than $60 a metric ton next year as the largest mining companies press on with raising supply, deepening a glut just as demand growth in China falters, according to Roubini Global Economics LLC.
National Treasury is to assume control of South African Airways, Minister in the Presidency Jeff Radebe announced on Thursday.