Nedbank’s East Africa expansion plan gains crucial green light
Nedbank Group has moved a step closer to completing its planned acquisition of a majority stake in East African banking giant NCBA Group PLC after securing approval... Read more.
RCL Foods profit hit as sugar imports lead to earnings slide
RCL Foods has reported a sharp decline in earnings for the year ended June 2026, with weaker performances in its sugar and pet food businesses weighing on profitability,... Read more.
Eskom posts R30bn net profit but debt, municipal arrears remain threats
Eskom has reported a sharp improvement in its financial and operational performance, posting a net profit of R30.3-billion for the year ended March 31, more than... Read more.
Middle East tensions drive Thungela profit up more than 450%
As war and geopolitical instability ripple across global energy markets, coal producer Thungela Resources is emerging as one of the beneficiaries. The company’s... Read more.
Spar chairman Mike Bosman, deputy Shirley Zinn resign
SPAR Group has announced significant changes to its board leadership, with chairman Mike Bosman and deputy chair, Dr Shirley Zinn stepping down from their roles... Read more.
Parties agree economy must grow at 5% to tackle unemployment
Representatives from several political parties have agreed that South Africa’s economy needs to grow by about 5% a year to create jobs and meaningfully reduce... Read more.
Gatekeepers, investors accused of stifling black business growth
Institutional investors came under sharp criticism at the annual Black Business Summit for failing to channel capital into activities that create jobs and stimulate... Read more.
Build companies, don’t chase BEE deals, Motlanthe tells Black businesses
Former president Kgalema Motlanthe has urged black-owned companies to focus on growing the economy, rather than seeking empowerment stakes in established businesses.... Read more.
Ronald Lamola warns business: ‘Stop exploiting undocumented migrants, undermining labour laws’
International Relations and Cooperation Minister Ronald Lamola has cautioned that the growing exploitation of undocumented migrants by some South African employers... Read more.
Unemployment shoots up to 33.6% in second quarter of 2026
South Africa’s official unemployment rate increased to 33.6% in the second quarter of 2026, as the number of jobless people rose sharply, according to the... Read more.
