Newsroom

The beer industry has warned that the above-inflation increase in excise duties will drive more financially-constrained alcohol consumers towards illicit alcohol in the black market, resulting in devastating health and employment consequences.  Finance Minister Enoch Godongwana announced a 6.75% increase in excise duties a fortnight ago as part of the new…

Donald MacKay Government policies are an attempt to change how the market behaves (importing too much? Let's impose an import duty). When government, in 2012, decided to move money from packaging companies, car makers, and steel fabricators to the mini-mills (companies making steel out of scrap metal), by way of the…

Energy experts have raised concern about the reliability of Eskom's energy supply after the power utility unexpectedly implemented load shedding on Wednesday night following the loss of five generation units. This announcement marked Eskom's fourth load shedding declaration this year, leading to significant disruption during peak energy demand hours.Prof Vally…

Transnet Port Terminals (TPT) is embarking on an ambitious development programme that includes procuring new equipment and expanding capacity at the Cape Town Container Terminal in a bid to enhance operation efficiency.This was revealed at an engagement between TPT and the South African Chamber of Commerce and Industry (Sacci) on…

Momentum Group’s share price surged more than 10% on Thursday after it reported sector-leading growth in normalised headline earnings, which rose by a robust 44% to R3.4 billion for the six months ending December 31.In contrast, although not strictly comparable, Old Mutual reported a 14% increase in headline earnings for…

Deputy Minister of Finance, David Masondo, called for innovative financing solutions like blended finance to address a global infrastructure funding shortfall, estimated at $1 trillion to $1.5trl (R27trl) annually, during opening remarks at the G20 Infrastructure Investors’ Dialogue held last Thursday.Held at the Freedom Park Museum in Pretoria, the event…

Financial services firm Investec expects a modest increase in operating profit for the year ending March 31, 2025, despite a tough economic climate, but headline earnings per share (Heps) could fall by up to 8% due to non-recurring gains from the prior year.In a pre-close trading update for the 11…

To the surprise of most economists and market analysts, the Monetary Policy Committee (MPC) of the SA Reserve Bank (SARB) did not lower the repo rate last Thursday.This came after the inflation rate for February remained at 3.2%, the same level as in January 2024 and the seventh consecutive month…

By Brian ThomasSpar is a household brand in South Africa, loved by many of us on our holidays as we pop down to the local Spar in the seaside resort over December. We marvel at the stock that the Spar store holds and some of the different items available in…

The Industrial Development Corporation (IDC) has issued a R2.046 billion maiden sustainability bond, exceeding its R1.5bn target amid strong investor demand, the state-owned funder said this week.The bond, oversubscribed with an orderbook of R3.464bn, was issued in 5-, 7-, 10-, and 12-year tenors, with proceeds earmarked for projects under IDC’s…