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Retail sales increase more than expected

Retail sales increase more than expected

18/09/2014 - 13:49
Retail sales rose a much more than expected 2.4% year on year in July after contracting by 0.9% in June, Statistics SA figures showed on Wednesday. read more
Rivalry fierce, says Edgars Zimbabwe

Rivalry fierce, says Edgars Zimbabwe

18/09/2014 - 13:47
Edgars Zimbabwe’s interim profit had declined by 9.7 percent; hit by the country’s increasingly informal economy, the clothing firm said yesterday.  read more
Famous Brands and Total SA extend partnership

Famous Brands and Total SA extend partnership

18/09/2014 - 13:38
Johannesburg - Famous Brands [JSE:FBR] announced on Wednesday that it has expanded its existing relationship with strategic alliance partner, Total South Africa, to introduce a new offering to the upper-end metropolitan service stations in the petroleum supplier’s service station network. read more
Liquor firms look north as African market grows - Zimbabwe

Liquor firms look north as African market grows - Zimbabwe

18/09/2014 - 12:12
Harare - The African alcohol market is beckoning for South African beverage firms after a new report predicted on Friday that the East African spirits and brandy market could grow by as much as 30 percent in the next 10 years. read more
SABMiller’s choice: lift bid for Heineken or marry AB InBev

SABMiller’s choice: lift bid for Heineken or marry AB InBev

18/09/2014 - 11:37
If SABMiller wants to avoid being bought, its best bet may be to make Heineken an offer it cannot refuse.  read more
Why the rand is so weak

Why the rand is so weak

16/09/2014 - 13:28
The South African rand has broken past R11.00 to the US dollar, and prospects are not looking good for the currency heading to the last quarter of the year. read more
SABMiller leaps as merger talk follows Heineken ‘no’

SABMiller leaps as merger talk follows Heineken ‘no’

16/09/2014 - 13:18
SABMiller’s value on the JSE ballooned by R94bn to R1.08-trillion on Monday after reports suggested it was likely to be at the centre of any mooted consolidation among the world’s biggest brewers. read more
More jobs but fewer skills

More jobs but fewer skills

16/09/2014 - 13:00
Johannesburg - The rate of employment creation has increased since 1994 with black people benefiting the most, the presidency said on Monday. read more
Clover profit falls as costs bite

Clover profit falls as costs bite

16/09/2014 - 12:56
Johannesburg - South African food and beverage firm Clover Industries Ltd posted a 14.2 percent fall in headline earnings on Tuesday, clipped by brisk inflation levels and higher raw material costs. read more
Heineken ‘turns down SABMiller defensive bid’

Heineken ‘turns down SABMiller defensive bid’

15/09/2014 - 09:50
SABMILLER had approached the owners of Heineken about an offer for the smaller brewer to help defend itself against a potential bid by Anheuser-Busch InBev (AB InBev), sources said yesterday. read more
What online shoppers want: fast and free delivery

What online shoppers want: fast and free delivery

15/09/2014 - 09:42
Free delivery, in a shorter amount of time, ranks as the top desire for online shoppers in South Africa, according to three new surveys. read more
SA July manufacturing production falls more than expected

SA July manufacturing production falls more than expected

15/09/2014 - 09:26
Manufacturing production fell much more than expected in July — mainly reflecting the damaging effect a strike by steel and engineering workers during the month had on output. read more
Rand weakens to fresh 7-month low

Rand weakens to fresh 7-month low

15/09/2014 - 09:05
Johannesburg - The rand fell to seven-month lows against the dollar on Friday, largely reflecting a stronger greenback as recent data backs the case for monetary tightening in the United States.  read more
Steady SABMiller a good bet in emerging markets

Steady SABMiller a good bet in emerging markets

15/09/2014 - 08:54
SABMiller continues to rank among the multinationals likely to perform best in emerging markets over the long term. read more
JSE volumes fall on Pistorius verdict

JSE volumes fall on Pistorius verdict

12/09/2014 - 10:25
Johannesburg - Trading volumes on the Johannesburg Stock Exchange’s benchmark index declined to the lowest level in 10 days while Judge Thokozile Masipa read her verdict in the murder trial of Oscar Pistorius.  read more
Economic worries grow as mining output sinks

Economic worries grow as mining output sinks

12/09/2014 - 10:23
Johannesburg - Mining output fell more than expected in July, hitting levels last seen in late 2012 and compounding doubt about whether the Reserve Bank will hike interest rates next week as the economy suffers. read more
Retailers strive to adapt as customers struggle

Retailers strive to adapt as customers struggle

12/09/2014 - 10:19
As predicted, consumer spending is in the doldrums this year. The performance of SA’s grocers is proof of consumers’ struggle to make ends meet as living costs increase, wage growth and job creation stalls, and debt continues to mount. read more
Boardmans launches e-commerce site

Boardmans launches e-commerce site

11/09/2014 - 10:53
Retail group Edcon has announced that home specialist, Boardmans, has launched online, and follows the launch of other brands in its stable, namely CNA, and Red Square. read more
White maize hits one-month high

White maize hits one-month high

11/09/2014 - 10:49
Johannesburg - White maize in South Africa rose to the highest level in almost a month, as the rand fell, making imports more expensive. Wheat also advanced. read more
Job prospects look better for fourth quarter, says survey

Job prospects look better for fourth quarter, says survey

11/09/2014 - 10:37
Employment prospects for the fourth quarter of this year have improved, although employers will not significantly increase staff levels due to subdued economic growth. read more
Rand flirts with R11 to the dollar

Rand flirts with R11 to the dollar

10/09/2014 - 14:09
The South African rand was dangerously close to breaching R11 to the dollar on Wednesday 10 September 2014, as the country’s current account deficit widened amid slight economic recovery. read more
JSE stocks falter

JSE stocks falter

10/09/2014 - 14:06
Johannesburg - South African stocks fell on Monday as investors dumped index heavyweights such as Barclays Africa and Shoprite on concerns about valuations.  read more
AVI weathers rising input costs

AVI weathers rising input costs

10/09/2014 - 13:58
Branded consumer products group AVI’s headline earnings per share (HEPS) from continuing operations for the year ended June 30 lifted 12.2% to 384c, the company reported on Monday. read more
Citrus growers suspend EU exports

Citrus growers suspend EU exports

09/09/2014 - 17:48
Johannesburg - South African citrus producers will voluntarily suspend exports to the European Union in order to comply with EU standards against a fungal disease infecting the skin of some of their fruit, an industry body said on Monday.  read more
Noticeable rise in business confidence - index

Noticeable rise in business confidence - index

09/09/2014 - 17:44
Johannesburg - Business confidence in the third quarter of 2014 rose by five points, Rand Merchant Bank (RMB) and the Bureau for Economic Research (BER) said on Tuesday. read more
Massmart fights mall exclusivity clauses

Massmart fights mall exclusivity clauses

09/09/2014 - 17:41
A retail rumble over lease exclusivity clauses is being roused by the country’s spending slowdown as supermarket giant’s square off for market share, and property owners of South Africa’s biggest malls reserve ringside seats. read more
Mobile isn’t coming – it’s already here

Mobile isn’t coming – it’s already here

08/09/2014 - 10:57
New data from Google shows that mobile is far bigger in South Africa than initially thought, having blasted past its growth projection a year sooner than expected. read more
Ramaphosa: Game farmers create jobs

Ramaphosa: Game farmers create jobs

08/09/2014 - 10:32
Johannesburg - Deputy President Cyril Ramaphosa has defended the right of private game breeders to own South African land. read more
Soyabeans rise most in more than a week

Soyabeans rise most in more than a week

08/09/2014 - 10:20
Johannesburg - South African soyabeans rose the most in more than a week in Johannesburg. read more
Takealot cash boost good for SA e-commerce

Takealot cash boost good for SA e-commerce

08/09/2014 - 10:17
Loot.co.za CEO Gary Hadfield says that even though the $100 million cash injection into Takealot.com’s business has made it tougher to compete, it is a great thing for SA e-commerce. read more
The best e-commerce site in South Africa

The best e-commerce site in South Africa

05/09/2014 - 09:00
Yuppiechef.com has once again been named the best e-commerce site in South Africa, winning the title at 2014 uAfrica eCommerce Conference held in Midrand on Thursday (4 September). read more
How to unblock the SA economy

How to unblock the SA economy

05/09/2014 - 08:52
There is no way to dress it up — 0.6% growth after a quarter of contraction means South Africa is squandering its potential. Three of the country’s leading economic thinkers discuss what can be done. read more
Corruption and labour killing SA’s competitive edge

Corruption and labour killing SA’s competitive edge

04/09/2014 - 11:02
The latest competitiveness index by the World Economic Forum paints a bleak image of South Africa’s ability to compete, globally. read more
Sunflower seed futures fall

Sunflower seed futures fall

04/09/2014 - 10:52
Johannesburg - South African sunflower seed for September delivery fell to the lowest level in almost a year in Johannesburg as soybeans and corn also declined.  read more
Ukraine to buy coal from SA

Ukraine to buy coal from SA

04/09/2014 - 10:49
Kiev - Ukraine will buy one million tonnes of coal from South Africa because the military conflict in its Donbass region has disrupted domestic coal production, Prime Minister Arseny Yatseniuk said on Wednesday. read more
Mr Price shares rally as double-digit sales growth pierces retail sector gloom

Mr Price shares rally as double-digit sales growth pierces retail sector gloom

04/09/2014 - 10:46
Shares in Mr Price rose as much as 2.3% to R210 on Wednesday after it reported double-digit sales growth, bucking the trend in the retail sector. read more
Manufacturing sector shrinks again, despite return of workers

Manufacturing sector shrinks again, despite return of workers

03/09/2014 - 10:08
Activity in the manufacturing sector improved last month as the end of a wage strike sector led to a return to production, a key survey showed on Monday. read more
New online retail body for SA

New online retail body for SA

03/09/2014 - 10:03
A new body representing online retailers and e-commerce professionals in South Africa is set to launch officially next month. read more
JSE ends 0.68% higher after getting a lift from banks‚ miners

JSE ends 0.68% higher after getting a lift from banks‚ miners

03/09/2014 - 09:52
The JSE finished higher on Tuesday after receiving support from banks and diversified miners. read more
SABMiller: SAB managers shuffled as Cuba leaves

SABMiller: SAB managers shuffled as Cuba leaves

02/09/2014 - 12:53
SABMiller is reorganising management at SA Breweries (SAB) after the local unit’s strategy chief, Yolanda Cuba, joined Vodacom.  read more
Country Bird’s expansion in Africa hampered by debt

Country Bird’s expansion in Africa hampered by debt

02/09/2014 - 12:38
Country Bird’s debt burden is weighing on the poultry producer’s expansion in other African countries, the group said in its annual results published on Monday. read more
Petrol price drops 67c for SA motorists

Petrol price drops 67c for SA motorists

01/09/2014 - 11:08
The price of all grades of petrol will drop by 67 cents a litre next week, the energy department said on Friday. read more
SA’s trade deficit widens from June to July

SA’s trade deficit widens from June to July

01/09/2014 - 10:49
The deficit on South Africa’s trade balance widened more than expected in July to R6.9bn after a revised R469.8m (R192.2m) deficit in June, South African Revenue Service data showed on Friday. read more
Outgoing Truworths CEO cashes in R115m

Outgoing Truworths CEO cashes in R115m

01/09/2014 - 10:33
Within a week of announcing his retirement from the group he led for two decades, Michael Mark, Truworths CEO, cashed in 1.6-million shares, clocking up a R115.5m pretax profit. read more
Massmart half-year profit down 25%

Massmart half-year profit down 25%

29/08/2014 - 09:52
Retailer Massmart reported a 25.2% fall in half-year profit on Thursday as debt-laden consumers battling rising living costs cut back on spending. read more
SA economy narrowly avoids recession

SA economy narrowly avoids recession

27/08/2014 - 11:23
South Africa’s economy grew by 0.6% in the second quarter of 2014, Statistics SA said on Tuesday. read more
Making of a Mark at Truworths

Making of a Mark at Truworths

27/08/2014 - 11:09
It will be the end of an era at Truworths when Michael Mark, one of the longest-standing and most successful CEOs of a JSE-listed company, steps down at the end of next June. read more
Big petrol price drop may be coming

Big petrol price drop may be coming

27/08/2014 - 11:04
The South African petrol price could be set for a sizable cut next in September, after data by the Central Energy Fund (CEF) showed a current over-recovery of almost 70c for 95-octane fuel. read more
Texton looks for retail and industrial sites

Texton looks for retail and industrial sites

26/08/2014 - 10:43
Texton Property Fund, the listed property company with a heavy office sector weighting, is planning to diversify to other property sectors and look at opportunities outside South Africa.  read more
Shoprite is taking stock outside SA

Shoprite is taking stock outside SA

26/08/2014 - 10:24
Shoprite’s three top-performing countries outside South Africa are 80% stocked with non-South African products. read more
Pick n Pay chain opens R48m store in Harare

Pick n Pay chain opens R48m store in Harare

25/08/2014 - 10:46
Pick n Pay’s jointly owned TM Supermarkets in Zimbabwe has opened a new megastore a few kilometres east of Harare’s central business district after spending $4.5 million (R48m).  read more
Economic Week Ahead: GDP data to indicate if economy is in recession

Economic Week Ahead: GDP data to indicate if economy is in recession

25/08/2014 - 10:42
This will be a week of reckoning for the South African economy. Second-quarter gross domestic product (GDP) data set to be released on Tuesday will reveal whether the economy is in recession. read more
Surge in Africa’s middle class

Surge in Africa’s middle class

25/08/2014 - 10:38
A new Standard Bank study finds that there are 15 million middle-class households in 11 of sub-Saharan Africa’s top economies in 2014, up 230% since 2000. read more
Inflation moderates for first time this year

Inflation moderates for first time this year

25/08/2014 - 10:15
Inflation moderated slightly more than expected last month — the first moderation this year — causing the rand to depreciate as investors took the better-than-expected news as a sign that interest rates would remain unchanged next month. read more
Pick n Pay ups Zim investments

Pick n Pay ups Zim investments

22/08/2014 - 16:11
Harare - Supermarket chain Pick n Pay [JSE:PIK] has released about US$40m split towards funding for an additional equity share and refurbishments of the Meikles groups’ retail arm, TM Supermarkets. read more
Truworths seeks new CEO for smooth transition

Truworths seeks new CEO for smooth transition

22/08/2014 - 16:08
Fashion retailer Truworths International is looking for a new CEO to replace the incumbent of 23 years, Michael Mark, whose contract term ends in June next year. read more
Sugar tax mooted to save lives and money

Sugar tax mooted to save lives and money

21/08/2014 - 10:19
A 20% tax on sugar-sweetened drinks could cut the number of obese South Africans by almost a quarter of a million, saving lives and money, local research has found. read more
Takealot.com targets mobile with new site

Takealot.com targets mobile with new site

21/08/2014 - 10:15
Online retailer Takealot.com has redesigned its mobile site to make it easier to navigate on smartphones, as the group turns its attention to the growing mobile e-commerce market. read more
Art takes off in SA as a ‘diversification strategy’ for investors

Art takes off in SA as a ‘diversification strategy’ for investors

21/08/2014 - 10:02
South African auction houses have seen an increase in investors who regard the art market as an alternative asset class. read more
SA June retail trade sales unchanged year on year

SA June retail trade sales unchanged year on year

20/08/2014 - 10:38
Measured in real terms, at constant 2012 prices, retail trade sales remained unchanged between June 2013 and June 2014 after increasing by 2.6% year on year in May. read more
CPI figures expected to show moderation

CPI figures expected to show moderation

20/08/2014 - 10:31
Rising inflation has been a challenge for both monetary policy makers and consumers since earlier this year, but there is at least an unseen benefit in the short term. read more
Truworths results expected to show consumers under pressure

Truworths results expected to show consumers under pressure

20/08/2014 - 10:08
The plight of SA’s indebted consumers will likely be reflected when clothing retailer Truworths reports its full-year results on Thursday. read more
R2.7 billion to fund SA youth entrepreneurship

R2.7 billion to fund SA youth entrepreneurship

19/08/2014 - 11:51
The National Youth Development Agency (NYDA), Industrial Development Corporation (IDC), and the Small Enterprise Finance Agency (sefa) have launched a R2.7 billion Youth Fund aimed at fostering entrepreneurship among South Africa’s youth. read more
Inside South Africa’s informal economy

Inside South Africa’s informal economy

18/08/2014 - 15:13
In 2013 there were 1.5 million people running an informal business in South Africa, according to the Survey of Employers and Self-Employed (SESE) released by Statistics South Africa (Stats SA). read more
Miners’ debt up after Amcu strike

Miners’ debt up after Amcu strike

18/08/2014 - 15:08
The dust is only just starting to settle following the longest mining strike in South Africa, which lasted five months.  read more
How much money informal traders really make

How much money informal traders really make

15/08/2014 - 10:16
Almost 70% of people who start an informal business do so because they are unemployed and have no alternative source of income. read more
Cotton On says SA is its fastest growing market

Cotton On says SA is its fastest growing market

15/08/2014 - 10:02
Australia retailer Cotton On Group this week said South Africa was its fastest growing market of the 17 countries in which the company operates. read more
‘Demand for SA goods dismal’

‘Demand for SA goods dismal’

15/08/2014 - 09:52
Johannesburg - Demand for South African manufactured goods was dismal in the second quarter of 2014, Manufacturing Circle said on Thursday.  read more
Media24 launches new SA e-commerce enabler

Media24 launches new SA e-commerce enabler

14/08/2014 - 10:45
Media24 eCommerce, a division of Media24, today announced the launch of Efinity a new e-commerce fulfillment service.  read more
Investigation uncovers unlawful food labelling

Investigation uncovers unlawful food labelling

14/08/2014 - 10:23
Some of the country’s major retailers have been implicated in a food labelling scandal that could see consumers suffering from diarrhea, vomiting and, in severe cases, death. read more
Rules for premium brandy tightened

Rules for premium brandy tightened

13/08/2014 - 14:36
Brandy drinkers who consider themselves connoisseurs will have something to cheer about, as new rules may mean an improvement in the quality of premium brandy. read more
New e-commerce body for SA

New e-commerce body for SA

13/08/2014 - 14:31
Media24 head of new business development Nic Robertson and online information strategist Eve Dmochowska have founded a body to represent and promote e-commerce in South Africa. read more
Spar to take 80% stake in BWG Group

Spar to take 80% stake in BWG Group

12/08/2014 - 13:44
The Spar Group on Monday announced it had entered into an agreement whereby it will subscribe for an 80% stake in BWG Group for a purchase consideration of €55m. read more
South Africa’s accountability fail

South Africa’s accountability fail

12/08/2014 - 13:41
From investigating alleged maladministration at local government level, all the way to corruption in the executive branch of South Africa’s government, Thuli Madonsela and her office of the Public Protector have become South African heroes. read more
WeChat SA to launch 100,000 micro-jobs

WeChat SA to launch 100,000 micro-jobs

08/08/2014 - 10:12
South African companies including TomTom, 1Life, and Hippo, through Telesure, have collaborated with new micro-jobbing platform M4JAM (money for jam) to make over 100,000 micro-jobs available at launch next week. read more
Du Plessis to oversee R2-trillion at two giants

Du Plessis to oversee R2-trillion at two giants

08/08/2014 - 09:56
Jan du Plessis’ appointment as chairman-designate of SABMiller will put him at the helm of the world’s second-largest brewer in addition to being chairperson of the world’s second-biggest mining company, Rio Tinto. read more
BNP Paribas buys SA card unit

BNP Paribas buys SA card unit

07/08/2014 - 12:21
France’s largest bank, BNP Paribas, on Wednesday completed its R2.64bn acquisition of the private label retail-card joint venture of The Foschini Group (TFG) and Standard Bank. read more
SABMiller: Sharing Rio’s chair ‘a concern’

SABMiller: Sharing Rio’s chair ‘a concern’

07/08/2014 - 12:16
Shareholders in Rio Tinto and SABMiller should be concerned about sharing a chairperson next year, a UK adviser to investors with £1.5 trillion (R27 trillion) in assets said yesterday.  read more
Privatising Eskom beneficial to SA economy

Privatising Eskom beneficial to SA economy

06/08/2014 - 12:59
The Democratic Alliance (DA) says it welcomes the mooted partial privatisation of Eskom, the under-fire state power utility. read more
Everyone responsible for growing economy, says Nene

Everyone responsible for growing economy, says Nene

06/08/2014 - 12:41
Government alone will not resolve South Africa’s economic ills, Finance Minister Nhlanhla Nene said, urging everyone in the country to get involved. read more
Vodacom reveals its first branded low-cost smartphone

Vodacom reveals its first branded low-cost smartphone

05/08/2014 - 13:46
Vodacom has launched the Smart Kicka, a new smartphone that costs R549 and runs on Android 4.4 KitKat. read more
Famous Brands opens tashas outlet in Dubai

Famous Brands opens tashas outlet in Dubai

05/08/2014 - 13:42
Famous Brands’ premium-end boutique café brand, tashas, had opened a restaurant in Dubai, the group said yesterday. This was in line with the group’s plan to grow globally.  read more
Petrol price unchanged

Petrol price unchanged

04/08/2014 - 11:15
The retail price of petrol in South Africa will remain unchanged at R14.33 rand a litre from next Wednesday, the Department of Energy said on Friday. read more
How Chapeau and others divide wine market

How Chapeau and others divide wine market

04/08/2014 - 11:07
The Nigerian wine market, in recent times, has witnessed unprecedented competition from various entrants into the market. read more
Rand gains after US jobs report

Rand gains after US jobs report

04/08/2014 - 10:49
The rand firmed against the dollar late on Friday after the US nonfarm payrolls report showed America created fewer jobs than expected in July, easing fears that interest rates in the world’s largest economy would be raised soon. read more
Spar rises as talks begin

Spar rises as talks begin

04/08/2014 - 10:11
Johannesburg - Spar gained the most in three months after the South African food and liquor retailer said it is in talks that may affect the share price.  read more
Mr Price launches mobile network

Mr Price launches mobile network

01/08/2014 - 10:35
Value fashion retailer, Mr Price, has launched a mobile virtual network operator (MVNO), on the back of its successful push online over the past 18 months. read more
Pressure on consumers is unrelenting, two separate surveys show

Pressure on consumers is unrelenting, two separate surveys show

01/08/2014 - 10:19
The consumer credit index compiled by TransUnion, South Africa’s largest credit bureau, showed consumer credit deteriorated for the 10th consecutive quarter in June, while a second barometer, the Momentum/Unisa financial wellness index, showed a decline for a second consecutive year. read more
SA consumers vote Edgars as icon brand

SA consumers vote Edgars as icon brand

31/07/2014 - 15:14
Johannesburg - Edgars has been appointed winner in a number of categories in 2014’s Target Group International (TGI) Icon Brand Survey - the largest consumer survey of its kind in Africa. read more
Inside Orange’s retail plans for SA

Inside Orange’s retail plans for SA

31/07/2014 - 15:04
The South African arm of French telecommunications giant, Orange, says it plans to open the first Orange store in South Africa before the end of the year. read more
SA craft lager earns gold at Berlin festival

SA craft lager earns gold at Berlin festival

31/07/2014 - 14:54
South Africa’s burgeoning craft beer industry has been thrust onto the global map with a Stellenbosch-based brewer winning the best lager prize at the 2014 Global Craft Beer Award contest in Germany. read more
Reject clothes find favour

Reject clothes find favour

30/07/2014 - 11:42
There is a growing market for distressed merchandise as consumers continue to shop down because of economic challenges.  read more
It’s okay for ministers to have business interests

It’s okay for ministers to have business interests

30/07/2014 - 11:37
There was nothing wrong with Cabinet members having business interests as long as there was no conflict of interest, Communications Minister, Faith Muthambi said. read more
Massive maize crop to benefit consumers, but farmers lose

Massive maize crop to benefit consumers, but farmers lose

30/07/2014 - 11:28
Consumers stand to benefit as South Africa harvests its biggest maize crop in three decades this season, but farmers who did not use the pricing opportunity earlier this year are likely to lose out, according to agricultural analysts.  read more
Needy benefit as foreign hunters sell game meat cheaply

Needy benefit as foreign hunters sell game meat cheaply

30/07/2014 - 11:13
Foreign trophy hunters contribute more than R1.2bn to South Africa’s economy, and create a market for cheap meat for the needy. read more
 Chicken producers get wings

Chicken producers get wings

30/07/2014 - 10:53
Poultry stocks are riding the crest of a wave as the maize price continues to drop and as the market waits for the anti-dumping duties imposed on EU chicken imports to kick in formally, according to analysts.  read more
SA's Nampak to acquire Hunyani

SA's Nampak to acquire Hunyani

29/07/2014 - 14:37
Harare– South Africa-based Nampak Limited (Nampak), plans to acquire Zimbabwe Stock Exchange-listed packaging firm, Hunyani Holdings (Hunyani), and merge two other local units in a share swap deal. read more
Obama: Africa must stop making excuses

Obama: Africa must stop making excuses

29/07/2014 - 14:33
Washington - US President Barack Obama on Monday gave a preview of a summit he will hold with African leaders next week, saying African nations should look inward for solutions to economic woes and not make "excuses" based on a history of dependence and colonisation. read more
SA credit growth quickens to 8.69%

SA credit growth quickens to 8.69%

29/07/2014 - 14:28
Johannesburg - Growth in credit demand from South Africa's private sector quickened to 8.69 percent year-on-year in June, from 8.34 percent in May, reserve bank data showed on Tuesday. read more
Joblessness will remain intractable

Joblessness will remain intractable

29/07/2014 - 14:24
The days of high unemployment in South Africa were far from over and the creation of jobs will not be as quick as desired, because of the country’s below-potential economic growth, Reserve Bank governor, Gill Marcus said on Friday. read more