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JD Group to sell off finance unit in R4.6bn deal

JD Group to sell off finance unit in R4.6bn deal

19/12/2014 - 09:20
JD Group will sell its loss-making consumer-finance business to a BNP Paribas unit for R4.6 billion in cash, allowing it to focus on furniture sales. Steinhoff International Holdings, which owns 86 percent of JD Group, had “irrevocably undertaken” to vote in favour of the deal, the Johannesburg-based company said in a statement.  read more
SA escapes credit rating downgrade

SA escapes credit rating downgrade

19/12/2014 - 09:09
Ratings agency Fitch on Friday affirmed SA’s long-term foreign and local currency ratings at BBB and BBB+ respectively, and kept the outlook negative. read more
Big petrol price drop expected

Big petrol price drop expected

18/12/2014 - 10:03
International oil prices have dropped steeply and motorists are set for a fuel bonanza in the new year, the Automobile Association said on Wednesday. read more
Financial sector ‘sound but vulnerable’

Financial sector ‘sound but vulnerable’

18/12/2014 - 09:53
SA needs a more competitive financial sector with a number of new, smaller banks entering the market to help lower costs, particularly for small businesses and poorer households, according to the International Monetary Fund (IMF). read more
Another Eskom load shedding warning

Another Eskom load shedding warning

17/12/2014 - 11:25
Power utility, Eskom has warned of further load shedding after it lost four power-generating units on Tuesday (16 December). read more
SA industry turnover rises more than 4% in third quarter

SA industry turnover rises more than 4% in third quarter

17/12/2014 - 10:54
South African industries generated an estimated total turnover of R1.96-trillion in the third quarter, an increase of 4.2% compared with R1.88-trillion in the second quarter. This is according to Statistics SA’s quarterly financial statistics. read more
Inflation slows amid falling oil prices

Inflation slows amid falling oil prices

15/12/2014 - 10:12
Inflation slowed as expected to 5.8% year on year (y/y) in November from 5.9% in October, supported by lower petrol prices, Statistics SA figures showed on Wednesday. read more
Uber taxi and Kalahari.com launch ‘UberSleigh’

Uber taxi and Kalahari.com launch ‘UberSleigh’

12/12/2014 - 08:55
Uber taxi service is collaborating with Naspers e-commerce site Kalahari.com, to offer a service, which brings Christmas shopping directly to customers in Cape Town. read more
Retail sales hit 9-month high as consumers buy cheap

Retail sales hit 9-month high as consumers buy cheap

12/12/2014 - 08:44
Retail sales increased to a nine-month high in October supported by increased activity at general dealers and clothing and food retailers. read more
SA economy ‘fragile'

SA economy ‘fragile'

11/12/2014 - 09:51
The economy is in “recovery mode” and showing small but significant year-on-year growth, according to the latest BankservAfrica Economic Transaction Index (BETI). read more
African Bank has stabilised - curators

African Bank has stabilised - curators

11/12/2014 - 09:47
Johannesburg - African Bank Investments will delay an initial public offering of the failed bank’s viable assets to quickly create a new operational lender.  read more
Attempt to resolve Woolworths boycott

Attempt to resolve Woolworths boycott

11/12/2014 - 09:09
Cape Town - Representatives of BDS South Africa met with a delegation of Woolworths [JSE:WHL] at the offices of the Desmond and Leah Tutu Legacy Foundation in Cape Town. read more
Power cuts alarm SA’s mining sector

Power cuts alarm SA’s mining sector

10/12/2014 - 10:46
The impact of South Africa’s power crisis was heightened yesterday, as the country’s mining industry became the latest sector to warn that uncertainty about electricity supply would put the economy in peril.  read more
Consumers ‘to spend more on food in festive season’

Consumers ‘to spend more on food in festive season’

10/12/2014 - 10:42
South African consumers will cut back on travel and socialising in favour of food purchases over the festive season as tough economic conditions force people to be more pragmatic in their spending habits, Deloitte’s Year-End Holiday Survey revealed on Tuesday. read more
Tiger learns from mistakes in Nigeria

Tiger learns from mistakes in Nigeria

09/12/2014 - 09:52
Tiger Brands has not been put off buying businesses of scale and its rest-of-Africa strategy has been unaffected by its bad experience in Nigeria, CEO Peter Matlare says. read more
Eskom load shedding schedule to March 2015

Eskom load shedding schedule to March 2015

09/12/2014 - 09:39
Eskom says that the week ahead will be “tight with a medium risk of load shedding” and a high risk on Thursday and Friday, 11-12 December. read more
Retailers urge Eskom to stop weekend cuts

Retailers urge Eskom to stop weekend cuts

08/12/2014 - 10:56
Cape Town - The National Clothing Retail Federation of South Africa has urged Eskom to review its implementation of rotational load shedding over weekends and to engage business more actively in limiting the fallout from the energy crisis. read more
How much electricity is stolen in South Africa

How much electricity is stolen in South Africa

08/12/2014 - 10:17
Eskom has revealed that as much as 7% of the country’s electricity is stolen via illegal connections, something the state power utility can no longer afford. read more
Fitch is unlikely to downgrade SA

Fitch is unlikely to downgrade SA

08/12/2014 - 09:41
It is almost the end of what has been a tumultuous year for the local economy, which has experienced everything from strikes and power cuts to job losses. read more
Power crisis is likely to worsen

Power crisis is likely to worsen

08/12/2014 - 09:33
Cape Town - The national power crisis that has seen repeated blackouts daily around the country is likely to worsen, an energy analyst has warned.  read more
Why South Africans are okay with paying bribes

Why South Africans are okay with paying bribes

05/12/2014 - 09:42
A new report from StatsSA reveals that more than 70% of SA households believe that corruption has increased during the period 2010–2013. read more
Cape Town the best municipality in SA

Cape Town the best municipality in SA

04/12/2014 - 10:28
South Africa’s best-managed municipalities are in Gauteng and the Western Cape, according to a study released on Wednesday. read more
Food fight slows Wal-Mart growth

Food fight slows Wal-Mart growth

04/12/2014 - 10:19
As South African supermarket chains seek to defend their business from the encroaching heft of Wal-Mart Stores, the US retailer is being mired in a food fight at the mall.  read more
HSBC PMI shows business conditions still improving

HSBC PMI shows business conditions still improving

04/12/2014 - 10:11
Business conditions in the private sector continued to improve last month but at a lesser extent when compared with October, an index showed on Wednesday. read more
South Africa less corrupt than last year

South Africa less corrupt than last year

03/12/2014 - 10:09
Transparency International’s rating of South Africa in the 2014 Corruption Perceptions Index (CPI) indicated a significant problem, Corruption Watch (CW) said on Wednesday. read more
SA ‘not on edge of a fiscal abyss’

SA ‘not on edge of a fiscal abyss’

03/12/2014 - 09:32
SA is not teetering on the edge of a "fiscal abyss" or on the verge of defaulting on its debts, despite the mutterings by some economists to the contrary. read more
Debt makes shoppers think thrice

Debt makes shoppers think thrice

02/12/2014 - 11:09
Retailers are unlikely to experience much festive cheer this year as the strain on disposable income persists. read more
Illovo seeks sweeter trade deals in Africa

Illovo seeks sweeter trade deals in Africa

02/12/2014 - 11:02
Illovo Sugar has set its eyes on east and West Africa for growth as it prepares its exit from EU markets in the medium to long term, according to Gavin Dalgleish, the managing director of Africa’s biggest sugar producer.  read more
Eskom expects fewer power cuts

Eskom expects fewer power cuts

02/12/2014 - 10:57
Rotational power cuts are expected to decrease by Sunday evening, Eskom said. read more
Coca-Cola banks on growing African market of Appletiser

Coca-Cola banks on growing African market of Appletiser

02/12/2014 - 10:54
The Coca-Cola Company believes the Appletiser brand has "lots of legs" and the US-headquartered firm will look for opportunities to grow the niche brand, its regional head said. read more
An answer to energy woes?

An answer to energy woes?

02/12/2014 - 10:14
The benefits of liquefied petroleum gas (LPG) as an alternative to traditional biofuels have been widely documented. read more
SA retailers get in on the action

SA retailers get in on the action

02/12/2014 - 09:45
South African retailers cashed in on American culture this week when they kicked off festive season sales with Black Friday. read more
SA’s twin deficits, weak growth ‘a risk to policy’

SA’s twin deficits, weak growth ‘a risk to policy’

01/12/2014 - 09:37
South Africa’s current account and fiscal deficits as well as its poor economic growth pose a risk to monetary and fiscal policy, Reserve Bank deputy governor Daniel Mminele said on Friday. read more
SA retailers buy into Black Friday

SA retailers buy into Black Friday

01/12/2014 - 09:31
Cape Town – South African consumers have embraced Black Friday in an unprecedented way, showing that they are ready to take part in the famous US sales day.  read more
Africa desperate for an effective payments system

Africa desperate for an effective payments system

01/12/2014 - 09:19
For Africa’s digital economy to work, it desperately needs an effective payments system that can handle micro payments and with transaction costs that are reasonable. Microsoft’s 4Afrika initiative has collaborated with payments provider Skrill to offer an answer. read more
Data to be free in South Africa?

Data to be free in South Africa?

28/11/2014 - 10:04
Data will be free in South Africa in the future and will be packaged in different ways to lower the barrier to entry for users. read more
Eskom: Expect weekend load shedding

Eskom: Expect weekend load shedding

28/11/2014 - 09:49
Johannesburg - Power cuts are expected over the weekend, as electricity supply remained constrained, Eskom said on Thursday. read more
Clover fights conditions for merger

Clover fights conditions for merger

28/11/2014 - 09:32
JSE-listed diary producer Clover has objected to a proposed condition set by the Competition Commission for the approval of the company’s takeover of DairyBelle’s yoghurt and long life milk businesses. read more
Six ways retailers can own 2015

Six ways retailers can own 2015

27/11/2014 - 10:58
With the festive season already here, the retail sector is in the spotlight. How the sector fares is an indication of the economy’s health and retailers are under pressure to perform.  read more
The Foschini Group to take 17 stores online

The Foschini Group to take 17 stores online

27/11/2014 - 10:49
The Foschini Group (TFG) has announced the launch of an omni-channel online retail platform – tfg.co.za – which will ultimately see all 17 of the group’s store brands coming online. read more
Eskom crisis a brake on economy

Eskom crisis a brake on economy

27/11/2014 - 10:23
Cape Town - The ongoing load shedding by power utility Eskom will have a dire impact on the country’s economy as investors go elsewhere and consumers pay more, say experts.  read more
BDS to take #boycottwoolworths campaign to Australia

BDS to take #boycottwoolworths campaign to Australia

27/11/2014 - 10:17
Cape Town - Public benefit organistion BDS SA on Wednesday vowed to take its #boycottwoolworths campaign to David Jones in Australia to force the local retailer to stop selling goods imported from Israel. read more
Retail review less likely to affect local financial advisers

Retail review less likely to affect local financial advisers

27/11/2014 - 10:13
SA’S financial advisers will not suffer the same fate as those in the UK when the Financial Services Board’s (FSB’s) retail distribution review takes effect, according to Jonathan Dixon, deputy executive officer of insurance at the FSB. read more
Tax in SA: who is paying?

Tax in SA: who is paying?

27/11/2014 - 10:04
New data from StasSA finds that government received less tax from businesses in 2012/13 than it did four years prior, in 2008/09. read more
Rhodes Food Group ‘proves resilient in constrained environment’

Rhodes Food Group ‘proves resilient in constrained environment’

26/11/2014 - 10:58
Recently listed Rhodes Food Group has benefited from strong trading for the year to end September 28 2014 in its regional and international businesses, with offshore sales helping to stem the effects of a weak rand. read more
Quantum turnaround ‘not yet convincing’

Quantum turnaround ‘not yet convincing’

26/11/2014 - 10:38
Quantum Foods, the feeds and poultry business Pioneer Food Group spun off as a separate listing last month, said on Monday it had returned to profitability in terms of headline earnings for the year through to September. read more
SABMiller boosts fight against illegal alcohol

SABMiller boosts fight against illegal alcohol

25/11/2014 - 11:07
SABMiller is encouraging Peruvian fuel producers to buy locally produced ethanol as part of the group’s efforts to curb illicit alcohol — which accounts for almost a third of the total alcoholic beverages market in Peru. read more
Mantashe: ANC won't privatise electricity

Mantashe: ANC won't privatise electricity

25/11/2014 - 10:56
Johannesburg - The ANC is not in favour of privatising the country's power system, despite problems with parastatal Eskom, secretary general Gwede Mantashe said on Monday. read more
SABMiller to export to Canada and enter Brazil again

SABMiller to export to Canada and enter Brazil again

25/11/2014 - 10:52
SABMiller plans to re-enter the Brazilian market next year while also distributing its own beers in Canada, adding two new markets to the group’s Latin American unit. read more
Buying patterns of fresh produce suggest ‘local is still lekker’

Buying patterns of fresh produce suggest ‘local is still lekker’

24/11/2014 - 11:28
Each year Pick n Pay procures about R40bn of fresh-food products from South African suppliers, David North, the group executive of strategy and corporate affairs at the retailer, said on Wednesday. read more
Bain Capital’s Edcon in talks for another SA credit provider

Bain Capital’s Edcon in talks for another SA credit provider

21/11/2014 - 09:57
Edcon, the South African retailer taken private by buyout firm Bain Capital, is in talks to secure a secondary credit provider after the collapse of African Bank Investments (Abil) this year, its CE said on Thursday. read more
Levi Strauss celebrates 20 years back in SA

Levi Strauss celebrates 20 years back in SA

21/11/2014 - 09:17
Cape Town – Levi Strauss & Co. celebrates 20 years of doing business in South Africa after re-entering the South African market following democratic elections in 1994. read more
Inflation data backs case for steady rates

Inflation data backs case for steady rates

21/11/2014 - 09:12
As expected, inflation was steady at 5.9% year-on-year last month with the news temporarily lifting the rand to a day’s high of R10.98/$ on Wednesday and supporting the case for interest rates to remain on hold on Thursday. read more
Palestinian solidarity group takes to shareholder activism

Palestinian solidarity group takes to shareholder activism

20/11/2014 - 10:58
The Palestinian solidarity movement in SA has taken shareholder activism a step further, saying on Tuesday its members are buying shares in JSE-listed retail giant Woolworths ahead of the company’s annual general meeting later this month. read more
SA among fastest growing Internet economies

SA among fastest growing Internet economies

20/11/2014 - 10:55
South Africa’s digital economy is the most developed in Africa, and one of the fastest growing in the world. read more
Eskom's electricity struggle: Unpaid bills

Eskom's electricity struggle: Unpaid bills

20/11/2014 - 10:52
Soweto - Zodwa Madiba has not paid an electricity bill in 14 years and is resolute she never will, holding the African National Congress (ANC) to vague promises made in the dying days of apartheid to provide free electricity to all South Africans. read more
Investment in Africa ‘must be for the long term’

Investment in Africa ‘must be for the long term’

20/11/2014 - 10:43
A long-term approach must be taken to reap returns from investments in Africa, Thabi Segoale, group executive of corporate strategy and business development at Tiger Brands, said on Tuesday. read more
‘Woolies shareholders back boycott’

‘Woolies shareholders back boycott’

19/11/2014 - 11:40
Johannesburg - Various Woolworths shareholders indicated on Tuesday they supported the boycott against the retailer.  read more
Big petrol price drop expected in December

Big petrol price drop expected in December

19/11/2014 - 11:25
The petrol price could decrease by more than 70 cents a litre and the wholesale price of diesel could fall by about 50 cents on 3 December, the Solidarity Research Institute (SRI) said on Tuesday (18 November). read more
Mr Price bucks retail sector gloom

Mr Price bucks retail sector gloom

19/11/2014 - 10:52
Cheap and chic cash-based retailer Mr Price bucked the doldrums in the broader retail sector to report a 23% increase in first-half profit on Monday. read more
JSE retail index rises to record

JSE retail index rises to record

18/11/2014 - 09:52
Johannesburg - South African retailers jumped to a record, led by Lewis Group, as a lower oil price eases pressure on the central bank to raise interest rates.  read more
E-retail sector holds its breath

E-retail sector holds its breath

17/11/2014 - 11:14
Cape Town - Since the announcement of the merger between major online retailers Takealot.com and Kalahari.com, little information has been shared about what customers can expect when (and if) the merger is complete.  read more
Post Office strike hits charities hard

Post Office strike hits charities hard

17/11/2014 - 09:43
Johannesburg - The ongoing postal strike could cost charities millions in donations, the South African Institute of Fundraising said on Saturday.  read more
Brewer follows trend to US premium beer

Brewer follows trend to US premium beer

17/11/2014 - 09:33
SABMiller has managed to grow its share of the market for "premium" beers in the US with help from recent brand launches, but still has "a long way to go" to bring its US portfolio in line with industry trends. read more
Beer, soft drinks drive SABMiller growth

Beer, soft drinks drive SABMiller growth

14/11/2014 - 10:23
High volumes of beer and soft drinks consumed by the African and Latin American markets drove SABMilller’s growth, while the Asian Pacific market lagged behind.  read more
Wholesale trade increases

Wholesale trade increases

14/11/2014 - 10:21
Cape Town - Wholesale trade sales, measured in real terms, increased 5.9% year-on-year in September, Statistics SA said on Thursday. read more
Irish investment gives lift to Spar

Irish investment gives lift to Spar

14/11/2014 - 10:18
Shares in Spar Group surged as such as 9.5% to an all-time high of R146.36 on Wednesday after the groceries and liquor retailer beat earnings forecasts with a first contribution from the group’s new Irish business, and as consumers turned to Spar’s more affordable house brands. read more
SA consumers losing control of their money

SA consumers losing control of their money

13/11/2014 - 11:38
About 73% of South African consumers did not feel in control of their financial situation in the third quarter of 2014, according to the MBD Consumer Financial Vulnerability Index released on Wednesday. read more
‘Pent-up demand’ following metals strike helps drive September retail sales

‘Pent-up demand’ following metals strike helps drive September retail sales

13/11/2014 - 11:33
Retail trade sales as measured in real terms (constant 2012 prices) increased by 2.3% year on year in September. read more
Shoprite in talks about Ellerine leases

Shoprite in talks about Ellerine leases

13/11/2014 - 11:27
Johannesburg - Ellerine, a unit of failed African Bank [JSE:ABL], is in talks with Shoprite [JSE:SHP] to take up some of its leases, the administrator of the furniture seller said on Thursday. read more
South African townships boom

South African townships boom

13/11/2014 - 11:19
Johannesburg - The purple silk evening gown with glittering beads at the neck was perfect for the high-school prom.  read more
SA online retailer to list on JSE in December

SA online retailer to list on JSE in December

12/11/2014 - 09:08
SA online retailer, HomeChoice Holdings, says it aims to list on the Johannesburg stock exchange (JSE) as it eyes the African market. read more
Economy risks losing coveted credit status

Economy risks losing coveted credit status

12/11/2014 - 09:05
Johannesburg - South Africa risks losing its coveted investment grade credit status within five years if it fails to recover from an economic slump that prompted a downgrade by Moody's. read more
Hard to fund all new social reforms, says Treasury

Hard to fund all new social reforms, says Treasury

12/11/2014 - 08:54
SA could sustain its social spending commitments for decades but would be hard-pressed to implement all the new social policy proposals the National Development Plan puts on the table, says Treasury budget office head Michael Sachs. read more
On the hunt for SA’s broad base

On the hunt for SA’s broad base

11/11/2014 - 09:54
Pick n Pay Stores are striving to attract customers from all parts of the income spectrum as the South African grocer attempts to regain market share in one of the world’s most unequal countries.  read more
Cash retailers ‘set for jollier Christmas’

Cash retailers ‘set for jollier Christmas’

11/11/2014 - 09:49
The strain on disposable income is likely to yield another mixed bag at Christmas with cash-based retailers such as Mr Price and Woolworths likely to fare better than credit-reliant players such as Truworths. read more
Demand drives improvement in PMI in October

Demand drives improvement in PMI in October

10/11/2014 - 09:26
Operating conditions in South African private companies improved for a third successive month as higher demand, new customers and increased marketing activity led to a rise in new work, an index showed on Wednesday. read more
Actis buys Tekkie Town stake and expects expansion

Actis buys Tekkie Town stake and expects expansion

07/11/2014 - 11:47
Private equity firm Actis has acquired a significant minority stake in a shoe retailer in SA for $65m. read more
Truworths shares tank on sales update

Truworths shares tank on sales update

07/11/2014 - 11:32
Johannesburg - Clothing retailer Truworths [JSE:TRU] has issued a trading update on Thursday showing slowing sales growth, sending its shares down more than 8% in early trade. read more
Richest South Africans

Richest South Africans

07/11/2014 - 11:26
Elon Musk is the richest South African in the world – and while the former PayPal executive no longer has any real business ties to the country, his roots still lie squarely on local soil. read more
Foschini sees improved earnings

Foschini sees improved earnings

06/11/2014 - 11:09
The Foschini Group, which has moved decisively into the more upmarket segment as it aims for a 50-50 split between credit and cash sales, is expected to report its half-year results on Thursday. read more
Life in South Africa getting worse: index

Life in South Africa getting worse: index

06/11/2014 - 11:07
South Africa is the 81st most prosperous country in the world, according to the Legatum Institute’s prosperity index, a position down from 77th in 2013, and far away from its 67th position in 2009. read more
Retailers fight to stay afloat

Retailers fight to stay afloat

06/11/2014 - 11:03
Major furniture retailers were hard at work either merging or closing down their stores as prospects continued to dwindle on the back of credit-strained consumers. read more
Business confidence down in October, Sacci index shows

Business confidence down in October, Sacci index shows

06/11/2014 - 10:48
Business confidence in South Africa dropped last month to its lowest level for October since 1999, data from the South African Chamber of Commerce and Industry (Sacci) show.  read more
Government denies R66m bill for new ministries

Government denies R66m bill for new ministries

06/11/2014 - 10:16
Johannesburg - The government dismissed reports on Wednesday that the reconfigured executive will cost taxpayers an additional R66m a year. read more
Imperial’s Regent posts loss

Imperial’s Regent posts loss

05/11/2014 - 09:30
Regent Insurance, part of the financial services division of listed transport and logistics group Imperial Holdings, incurred an unexpected loss of R19 million on the write-down of an investment in African Bank Investments Limited (Abil).  read more
Furniture market ‘over traded and too crowded’

Furniture market ‘over traded and too crowded’

05/11/2014 - 09:25
The piece-by-piece sale of Ellerine Holdings’ brands augurs change for SA’s overtraded furniture sector as sales slump at credit-heavy players and customers struggle to repay loans. read more
South Africans pay the most for petrol

South Africans pay the most for petrol

05/11/2014 - 09:21
While South African may not have the highest petrol price in the world, it pays the biggest proportion of the average annual income at the pumps, according to Bloomberg’s Petrol Price rankings. read more
Downside of foreign investment laid bare

Downside of foreign investment laid bare

05/11/2014 - 09:11
Foreign direct investment (FDI) is not an unconditionally good thing because if left unregulated it can lead to the repatriation of profits, a failure to develop links with local suppliers, and job destruction, parliamentary researchers have argued. read more
JSE stocks rally strongly

JSE stocks rally strongly

05/11/2014 - 09:05
Johannesburg - South African stocks made their biggest daily gain in over a year on Friday as the Bank of Japan's surprise boost to stimulus lifted global markets, although gold producers took a hard knock as the precious metal's price tumbled.  read more
Business fears worst over electricity

Business fears worst over electricity

04/11/2014 - 09:50
Cape Town - Certainty over power supply is key to ensuring South Africa achieves optimal economic activity, the SA Chamber of Commerce and Industry (Sacci) said on Monday. read more
Telkom warns over Eskom load shedding

Telkom warns over Eskom load shedding

04/11/2014 - 09:44
Telkom services will be impacted by Eskom’s nationwide load shedding schedule, the company said in a press statement on Monday, 3 November 2014. read more
Facebook South Africa user numbers

Facebook South Africa user numbers

04/11/2014 - 09:21
Facebook is South Africa’s most popular social network, and is the first high-tech service platform in the country to see equal take up from men and women. read more
South Africa’s biggest companies vs. the world

South Africa’s biggest companies vs. the world

03/11/2014 - 11:44
In just a few short months since its public listing in September, online retail giant, Alibaba, has already grown to become the 12th biggest company in the world. read more
Unemployment data offer jobless little joy

Unemployment data offer jobless little joy

03/11/2014 - 11:37
Unemployment was largely flat in the third quarter as the economy managed to create a small number of jobs while people gave up actively seeking work. read more
End of the road for Nashua Mobile

End of the road for Nashua Mobile

03/11/2014 - 11:34
Nashua Mobile officially closed all its retail stores across the country on Friday.  read more
Pig-head protest misguided, says ANC

Pig-head protest misguided, says ANC

03/11/2014 - 11:28
Johannesburg - The ANC has expressed concern at the action by Cosas members who placed a pig’s head in the meat section of a Woolworths store in protest against trade relations with Israel. read more
DHL to invest R418m in SA unit

DHL to invest R418m in SA unit

31/10/2014 - 09:46
Johannesburg - DHL Express, a unit of mail and logistics provider Deutsche Post AG, will invest more than 30.5 million euros (R418 million) in its South African operations to boost expansion across the continent.  read more
22 000 jobs created, data shows

22 000 jobs created, data shows

31/10/2014 - 09:40
Pretoria - 22 000 jobs have been created between the second and third quarters of this year, Statistics SA said on Thursday. read more
Producer inflation slows in September

Producer inflation slows in September

31/10/2014 - 09:36
Producer inflation slowed to 6.9% year on year in September from 7.2% in August as lower global oil and food prices helped ease some of the burden on consumers. The outcome was in line with market expectations. read more