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The SA Reserve Bank unexpectedly cut its benchmark interest rate to the lowest level in four years after slashing forecasts for inflation and economic growth.
Plagued by debt and years of mismanagement, SAA was placed in business rescue in December 2019 in a last-ditch effort to save thousands of jobs.
Eskom will be the “death knell” for South Africa’s mining industry unless the government enables mines to produce their own electricity, says Exxaro CEO Mxolisi Mgojo.
Massmart is to shut down stores and chop jobs as it shores up its finances. The plan is to close the 23-store Dion-Wired chain and 11 Masscash wholesale outlets.
The ANC has re-affirmed the independence, role and mandate of the South African Reserve Bank in an annual policy statement.
Predictions, from stock markets to sports games, more often than not leave users of the information disappointed after the event.
A sentiment index compiled by the South African Chamber of Commerce and Industry showed business confidence declined to an average of 92.6.
Carlos Ghosn, the auto executive who fled to Lebanon last week to escape trial in Japan said he did not escape justice; he fled injustice.
The implications for the SA economy of the latest stand-off between the US and Iran following the assassination of Iranian Army General Qassem Soleimani is unclear.
It’s set to be harder than any time in the last five years to get a job in South Africa. That’s the message from statistics gathered by the Manpower Group SA.