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The dollar hit a fresh two-month high against key currencies on Thursday as Treasury yields rose and expectations of further Federal Reserve interest rate hikes strengthened after hawkish remarks from several central bank officials and solid economic data.
The government is pursuing an ambitious plan to revive and expand the former Sapref refinery, but funding remains a key uncertainty.
Johann Els, chief economist at PSG Financial Services, said the fact that Wednesday’s interest rate hike was a unanimous decision “was more hawkish than I expected”.
Private equity firm Ethos Capital, which is looking to delist from the JSE, says it sees value in hanging onto the shares of JSE-listed fintech firm Optasia for now.
Middle East sovereign wealth funds, backed by trillions of dollars in assets, have advised South Africa to create a fundraising vehicle as part of a plan for a new state firm that will manage its R155 billion property portfolio.
US President Donald Trump said on Tuesday he backed the idea of a ban on diesel exports, which lawmakers from farm states are calling for as a way to curb the soaring cost of energy.
If the expected rate hike – to be announced by the SA Reserve Bank shortly after 15:00 – materialises, the repayment on a R2 million bond will increase to about R20 305.
Industrial gas users say the government has moved too slowly to avoid a coming gas supply shortage.
Pick n Pay CEO designate Spencer Sonn comes with extensive experience that puts him at the “top of anyone’s list” to lead a local retail group, says current CEO Sean Summers.
In this episode of Money: It’s Not Black or White, Maya Fisher-French and Mapalo Makhu sat down with GoTyme Bank CEO Cheslyn Jacobs to address a dilemma many parents face: How do we build wealth for our families without raising entitled children?
Balwin Properties has delisted from the JSE after a consortium including the Public Investment Corporation and the company’s founding shareholders officially took it private.
The municipal manager of Kannaland Municipality has had his urgent defamation application against the DA struck from the roll after he accused the party of damaging his reputation by calling him a “tender bender” and a “tsoti of local government”, among other things.
Freight and road transport operators at the Port of Durban have been pushed to the financial brink nine months after ICTSI took over management of the Durban Gateway Terminal DGT.
Digital challenger Bank Zero says it hit breakeven in August. It is now eyeing new licences for lending, foreign exchange and remittance services, while also planning to target business clients who are hungry for low-fee banking.
A legal battle over a proposed coal mine in Mpumalanga has morphed into something much bigger than a fight over mining a protected area, to include the question of protections for civil society to challenge decisions in the public interest.
With a cash pile of more than R22 billion and zero debt, investment giant Remgro is exploring a potential push into healthcare for lower-income groups and contemplating new acquisitions, possibly in agriculture and infrastructure.
Long Volkswagen’s most reliable profit driver, luxury sports car maker Porsche has become its biggest problem, creating a road bump for CEO Oliver Blume’s restructuring plans at Europe’s biggest carmaker.
Advanced Micro Devices soared past $1 trillion in market capitalization for the first time on Monday, joining a small group of chipmakers to reach the milestone, as investors bet on its expanding role in AI computing.
German auto workers staged nationwide protests on Monday, less than three days after a shock profit warning by Europe’s biggest auto maker Volkswagen highlighted the sector’s unprecedented challenges from high costs and fierce Asian rivals.
Vodacom’s share price has held relatively steady despite Kenya’s High Court striking down its deal for a controlling stake in Safaricom, East Africa’s biggest mobile-network operator.
