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Daybreak Farms is a going concern, the black-owned poultry producer, said on Thursday after media scrutiny in the wake of the resignation of its CEO, Richard Manzini, tasked with turning around the troubled firm."Regarding recent media reports, we can confirm that Daybreak is not being liquidated. We value our relationships…

South Africa’s productive sectors began the year on a slippery slope as both mining and manufacturing output plunged in January on the back of persistent economic constraints.Data from Statistics South Africa (Stats SA) on Thursday showed that mining production shrank by 2.7% year-on-year in January following a 2.4% decline in…

 As the adage so aptly proclaims, ‘In this life, only death and taxes are guaranteed.’. Unfortunately, the reality is that your financial obligations to the tax authorities persist even posthumously, as estate duty and other taxes are levied against your estate before any inheritance can be paid out to your…

Exxaro Resources has confirmed that Ben Magara, former CEO of Lonmin, has been appointed its new chief executive officer.He will assume the role on April 1, 2025, succeeding Riaan Koppeschaar, who has served as acting CEO since December 2024.Koppeschaar stepped in following the resignation of Nombasa Tsengwa last year and…

In a bold move set to shake up the online trading landscape, FXGT.com has launched its groundbreaking Ultimate Cashback program. This outstanding initiative empowers traders with unlimited earning potential, ensuring that every trade counts. Unparalleled Cashback Opportunities  With Ultimate Cashback, traders can now earn up to $20 per lot on select trading…

Dr Velenkosini MatsebulaThe South African government has once again turned to taxation as a means of addressing its fiscal challenges, announcing an increase in the value-added tax (VAT) rate by half a percentage point in 2025/26 and another half a percentage point in 2026/27, bringing the final rate to 16%. This…

Tawanda Karombo Exxaro Resources, which appointed Ben Magara as new CEO effective next month, said on Thursday that improvements on the rail and port logistics front have been slow, with the company’s financial performance for year to the end of December 2024 affected by lower domestic offtake of coal despite…

Helmo PreussEskom continues to rely heavily on government support through a debt-relief arrangement, according to the National Treasury’s 2025 Budget.Finance Minister Enoch Godongwana on Wednesday tabled the 2025 Budget before the National Assembly, saying: "The Eskom debt relief arrangements are also effective and contribute to the improved fiscal position. Eskom…