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The Foschini Group is to buy Jet stores for about R500m. Jet owner Edcon, which also owns Edgars, applied for bankruptcy protection in April.
President Cyril Ramaphosa announced a ban on the sale and distribution of alcohol with immediate effect and a curfew from 9pm to 4am for everyone from Monday 13 July.
South Africa’s economic recovery looks grim as Business for South Africa and the ANC have conflicting plans to lead our country back to safety.
Zimbabwe’s ruling Zanu-PF says it supports a decision to ‘eject’ Old Mutual, which is accused of playing a role in economic sabotage.
With hyperinflation in Zimbabwe running at more than 1,000%, earning a basic salary is now worth the equivalent of less than one US dollar a day.
A lone foreign-exchange strategist who works in a small city in western Poland has become the most accurate forecaster for emerging-market currencies, including the rand.
Gauteng, the richest province in South Africa, has become the centre of the country’s coronavirus outbreak. The region surpassed the Western Cape.
Justice Minister Ronald Lamola told parliament that the Zondo Commission of Inquiry into State Capture has cost taxpayers R700 million so far.
News highlights: Capitec bank, the Islamic State threat to Africa’s largest investment in Mozambique, state capture dirt on ANC politicians, CPD bailout.
Islamic State insurgents are threatening a project expected to transform impoverished Mozambique and they pose a risk to regional security, warn analysts.