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Another recession in 2019 is probable, warns Old Mutual economist

22/05/2019 - 10:21

SA will probably enter another recession given the weak performance in the first quarter of 2019, Old Mutual Investment Group chief economist Johann Els warned. 

“I’d say there’s a 50-50 chance SA will see another technical recession this year,” Els said at an Old Mutual media round table in Rosebank. In 2018, SA entered a recession for the first time since the global financial crisis. Another recession would add to President Cyril Ramaphosa’s woes as he struggles to... 

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Tiger Brands reports lower sales in wake of the listeriosis crisis

22/05/2019 - 09:29

Tiger Brands, which was named as the culprit in the 2018 listeriosis outbreak, says sales in the six months to end-March edge...

Bangladesh factory oversight deal risks worker safety, say unions

21/05/2019 - 16:35

The end of an international arrangement aimed at ensuring the wellbeing of Bangladeshi garment workers is likely to undermine...

Fine and rare South African wines to go under the hammer in unprecedented Strauss & Co auction

21/05/2019 - 16:08

Strauss & Co’s inaugural Fine Wine Auction, to be held in partnership with online retailer WineCellar.co.za and leading Som...

Pick n Pay's partner Velokhaya expands to include feeding scheme for 200 children daily

21/05/2019 - 15:50

Almost 500 Pick n Pay Head Office employees – in partnership with Mellon Educate – volunteered their time and skills to b...

Nike and Adidas join 173 US shoe retailers in call to avoid ‘catastrophic’ tariffs

21/05/2019 - 12:23

Nike, Adidas, and other footwear giants urged President Donald Trump to reconsider his tariffs on shoes made in China, saying...

US jealousy sparked trade wars, says Chinese ambassador

21/05/2019 - 10:48

The US is jealous of China’s rapid economic growth and achievements in the past few years and was using the trade wars to f...

Rhodes Food Group reports slight decline in net profit

21/05/2019 - 09:59

Rhodes Food Group, which makes Bull Brand corned meat and Bisto gravies, says profit after tax was slightly down in the six m...