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Fishing group Oceana in a voluntary trading update reported a significant decline in financial performance for the five months ended February 23, compared to the record results of the previous period. The downturn was largely due to normalised global pricing for fishmeal and fish oil following Peru’s production recovery, impacting…

Barloworld, whose shareholders recently voted against a takeover by Saudi Arabia’s Zahid Group, is trading well as Barloworld Mongolia's strong performance is counteracting contractions in Equipment in Southern Africa and Vostochnaya Technica (VT) in Russia.And despite constrained trading conditions in Southern Africa, Ingrain significantly improved its operational results for the five months…

The Congress of South African Trade Unions (Cosatu) has called on Parliament to exercise its legislative authority and amend the 2025/26 Budget to scrap the value-added tax (VAT) hike.This comes after Finance Minister Enoch Godongwana, during his Budget Speech tabled earlier this month, proposed a 0.5% VAT hike for two consecutive…

Rein Snoeck HenkemansSouth Africa’s energy crisis has long placed households and businesses under immense financial strain. Now, with the latest announcement in the 2025 National Budget Speech that government will be reducing Eskom’s bailout package, that burden is set to increase even further.While this decision may appear to signal a…

Telkom has officially entered the Mobile Virtual Network Operator (MVNO) market through a partnership with a renowned Mobile Virtual Network Enabler (MVNE) platform provider.This agreement not only allows Telkom to comply with the Independent Communications Authority of South Africa's (Icasa) spectrum licence conditions but also facilitates the onboarding of multiple…

Sentiment among shoppers in South Africa has plunged to its lowest point in nearly two years as consumers were shaken by the recent budget proposal to increase the value-added tax (VAT).The latest FNB/BER Consumer Confidence Index (CCI), released on Tuesday, revealed a steep decline to -20 for the first quarter…

The Democratic Alliance (DA) has called for Minister Mantashe and PetroSA to explain the collapse of the Gazprombank deal and outline an alternative financing plan for PetroSA’s Mossel Bay Refinery.The collapse of the Gazprombank deal with PetroSA, South Africa’s state-owned oil company, stems from a series of financial and logistical…

Since the Techno-Economic Approach for Africa–India Movement (TEAM-9) was established in 2004, India’s relationship with Africa has changed significantly. TEAM-9, which was initially founded in order to develop technological and economic cooperation between India and eight West African nations (Burkina Faso, Chad, Côte d'Ivoire, Equatorial Guinea, Ghana, Guinea-Bissau, Mali, and…

CEMENT producer PPC and renewable energy independent power producer (IPP) Yellow Door Energy, on Monday announced the signing of a landmark 24.5 MWp solar power purchase agreement (PPA)."The project operates under a solar wheeling arrangement, where YDE’s solar park in Leeudoringstad, North West Province, will deliver clean electricity to four…

Wesley DiphokoThere’s something broken about the current state of automation. From automated calls to bots that are limited by answers that are fed in advance, consumers are often left hanging without getting the assistance they need. This is probably worse for consumers who are served by institutions that only exist…