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Business & Economy

Latest business & economy news from across South Africa.

Koeberg Unit 2 marks full year of uninterrupted power generation - South African business and economy
Business & Economy

Koeberg Unit 2 marks full year of uninterrupted power generation

Koeberg's unit 2 has generated power without interruption for a full year, achieving a 99.4% energy availability factor after major upgrades were completed.

Dan Gertler's former holding company fined R490m in Dutch bribery settlement - South African business and economy
Business & Economy

Dan Gertler's former holding company fined R490m in Dutch bribery settlement

Dan Gertler's former holding company Fleurette will pay R490 million to settle a Dutch corruption probe into bribery linked to DRC mining deals.

AVBOB ventures into personal lending to broaden financial offering - South African business and economy
Business & Economy

AVBOB ventures into personal lending to broaden financial offering

AVBOB has launched a personal loans product for policyholders, expanding its financial services offering as part of the mutual society's commitment to ethical lending and financial inclusion.

Ramaphosa heads to Brazil for high-level State Visit to boost bilateral ties - South African business and economy
Business & Economy

Ramaphosa heads to Brazil for high-level State Visit to boost bilateral ties

President Ramaphosa departs for a State Visit to Brazil to strengthen trade, investment and diplomatic ties between the two strategic partners.

SADC senior officials urged to tackle hard truths on trade and food insecurity - South African business and economy
Business & Economy

SADC senior officials urged to tackle hard truths on trade and food insecurity

SADC senior officials meeting in Pretoria have been challenged to address gaps in regional trade, food security and infrastructure to speed up integration.

Middle East tensions pose fresh economic threats for South Africa - South African business and economy
Business & Economy

Middle East tensions pose fresh economic threats for South Africa

Middle East conflict threatens SA economy through rising oil prices, rand volatility and constrained interest rate relief, warns Everest advisory services CEO.

Ekurhuleni faces power cut-off over R3.4bn debt to Eskom - South African business and economy
Business & Economy

Ekurhuleni faces power cut-off over R3.4bn debt to Eskom

Eskom plans to disconnect Ekurhuleni's power on 14 April over R3.4bn in unpaid debt, with public submissions open until 6 April.

AfriForum demands answers on Merafong-Eskom electricity deal - South African business and economy
Business & Economy

AfriForum demands answers on Merafong-Eskom electricity deal

AfriForum questions the legality of Merafong's electricity distribution deal with Eskom, demanding proof that all legal requirements were met.

LIV Golf tournament could inject close to R1bn into SA economy - South African business and economy
Business & Economy

LIV Golf tournament could inject close to R1bn into SA economy

Sport Minister Gayton McKenzie says the LIV Golf event at Steyn City could generate close to R1 billion in economic activity for South Africa.

SPAR shareholders revolt over executive remuneration packages - South African business and economy
Business & Economy

SPAR shareholders revolt over executive remuneration packages

More than 61% of SPAR shareholders voted against the retailer's executive pay implementation, triggering mandatory engagement under King IV governance codes.

Mashatile outlines massive investment plan to restore SA's ailing rail network - South African business and economy
Business & Economy

Mashatile outlines massive investment plan to restore SA's ailing rail network

Deputy President Mashatile has unveiled plans to invest R500bn in infrastructure, with R120bn for transport, as government fast-tracks rail reforms.

Gautrain set for new chapter as private partner talks near conclusion - South African business and economy
Business & Economy

Gautrain set for new chapter as private partner talks near conclusion

Gauteng government confirms advanced talks to appoint a new private partner to operate and modernise the Gautrain system for the next 15 years.