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Tanzanian company Pula Group has approached the High Court in that country for a ruling to speed up its $195 million (R3.78 billion) damages legal suit against Patrice Motsepe-owned African Rainbow Capital Investments (ARC).Pula Group chairman Charles Stith and Pula President Dr. Mary Stith said in a statement Tuesday that…

Over the past year, Sasol's share price has been on a troubling downward trajectory, reflecting a series of operational and financial hurdles that have beleaguered the integrated fuel-from-coal and chemicals giant. On Tuesday, Sasol’s shares fell by 2.54%, to R59.45 in the afternoon, a stark contrast to the price of R170.96…

Youth unemployment sits at a staggering 46.6%, but a new, non-profit initiative aims to train 10 000 rural youths to become coders with secured remote jobs after graduation - all within five years.The Africa Inspired Foundation (AIF) is launching a programme that is building community-based tech hubs to train the next generation of South African tech-professionals where…

 By Jacques Maritz Keeping petrochemical plants running smoothly is no small feat.Regular maintenance shutdowns are a must, not just to keep things efficient and safe, but to tick all the boxes with stricter environmental regulations. However essential these periods may be, they bring petrochemical companies considerable challenges, including workforce shortages, escalating costs, and inflexible project deadlines.Yet, with maintenance backlogs growing and operational…

Cashbuild has confirmed its intent to acquire a 60% controlling interest in Allbuildco Holdings for R93 million in a bid to solidify its position within the hardware and building materials market.This significant acquisition, executed through its subsidiary Cashbuild Management Services, was formalised with a subscription agreement on Monday. The transaction is…

South Africa has commissioned its first self-built Main Transmission Substation (MTS) by an Independent Power Producer (IPP), a milestone in the country’s renewable energy expansion, EDF Renewables announced this week.The Koruson 400/132 kV MTS, located near Noupoort in the Northern Cape, was energised this week and is designed to connect…

Municipalities are uniquely poised at the forefront of the South Africa’s Just Transition, given their constitutional mandate to provide basic services, encourage social and economic development, and to promote inclusive governance. Local governments also play a crucial role in climate action, developing and implementing plans to mitigate and adapt to…

Dr Calvin MudzingiriThe sudden hike of import tariffs by US President Donald Trump and his administration to countries across the world is set to reduce the volume of goods traded and affect citizen welfare across the globe. The Trump administration implemented a global 10% import tariff and a varying targeted…

Our South African wallets are a beleaguered lot. This month, electricity prices are going up. Well, it seems all prices keep going up, thanks to our enemy, inflation.Between the rising cost of living, getting taxed, and interest rates that are so reluctant to go down, it’s easy to feel like…

Most people who work on their physical fitness want to get stronger and lose some weight. Financial fitness works in much the same way, especially when it comes to your credit score. A good credit score puts you in a strong position when you want to apply for credit, and…