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Renewable power generation provided a record 32% of global electricity last year, a report by energy think tank Ember said on Tuesday, as overall electricity demand grew 4% driven by heatwaves and data centres.Energy security fears, exacerbated by a trade war prompted by US President Donald Trump's sweeping tariffs, could further…

Brent crude oil price plummeted below $64 (R1 250) a barrel on Tuesday, marking their lowest point since April 2021, spurred by escalating tensions between the United States and China, raising concerns about future demand for oil as China is one of the world's largest oil consumers. The larger OPEC+ output…

Transnet on Tuesday announced that it handled more than 200 000 twenty-foot equivalent units (TEU) in a single financial year at the Durban Multipurpose Terminal (MPT) for 2024/2025. This record target, which exceeded the target of 131 106 TEUs for the financial year, underscored the organisation's commitment to enhancing trade capacity…

Amazon South Africa hosted its inaugural Seller Summit at its Cape Town headquarters, welcoming more than 300 entrepreneurs from across the country.The event offered expert guidance, practical data-driven insights, and networking opportunities to help local businesses grow and thrive on amazon.co.za. "Today marks an important milestone in our journey in South Africa. Customers love the wide selection, great value, and the convenience of the Amazon experience.…

Banele GinidzaSouth African citrus producers and other participants in the citrus export value chain may need to absorb a portion of the 30% reciprocal tariffs imposed by President Donald Trump if American consumers cannot stomach hefty price increases in the coming months, Absa said in its report on Tuesday.South Africa…

Banele GinidzaThe Citrus Growers' Association of Southern Africa (CGA) has made a fervent plea to the South African government, urging it to engage in immediate negotiations with the United States regarding potential tariff reductions or exemptions on citrus exports. This call to action comes as South African citrus producers brace…

Mervyn Naidoo Africa’s energy demands are surging, driven by rapid population growth and industrial expansion. Industries are now frantically seeking reliable and affordable power alternatives to run their operations but the current reliance on imported solar technology, from panels, to inverters and batteries, leaves the continent vulnerable. Repairs are delayed, components…

South Africa’s big banks adopted rigorous measures to contain costs last year after net interest margins (NIM) narrowed, in spite of improving business and consumer confidence, according to a report released by professional services firm BDO South Africa on Tuesday.All economic and bank indicators showed the environment was improving, but…

Rangel Logistics Solutions on Tuesday announced an additional investment of €6 million (R125.6 million) in a warehouse located near OR Tambo International Airport in Kempton Park. The Portugal-headquartered family-owned international logistics company that entered the South African market in 2020 said this investment reaffirmed its commitment to helping Africa realise the…

The Association of Communications & Technology (ACT) - representing leading network operators including MTN, Vodacom, Telkom, and Rain - has publicly expressed its deep concerns regarding the Independent Communications Authority of South Africa's (Icasa) recently proposed satellite services licensing framework.After three days of hearings, Icasa aims to establish what it…