Newsroom

Nampak's share price surged 3.9% on the JSE on Thursday after it forecasted a more than 100% increase in headline earnings per share (HEPS) of continuing operations that entrenches its turnaround process.The group, Africa's largest diversified packaging manufacturer, said in a trading statement HEPS of continuing operations are expected to…

Local government is the frontline of service delivery in South Africa. It is where citizens experience the state most directly – through water, electricity, sanitation, housing and community services. It is also where the resilience of our democracy is tested daily, as municipalities balance limited resources with the growing needs…

The Public Investment Corporation (PIC) said on Thursday it has approved a landmark strategy on natural gas, marking a pivotal step towards bolstering South Africa's energy security and accelerating the country’s decarbonisation agenda.The PIC is a South African state-owned asset manager that invests public sector funds, primarily for the Government Employees…

Transnet announces completion of rehabilitation of Bayhead Road in Durban a month ahead of schedule and in time for the festive season has been welcomed by experts. Transnet said that this would improve port efficiency and reduce road congestion.Transnet said this will allow for seamless cargo movement for South African…

KAL Group, the South African agri, fuel and convenience speciality retailer listed on the JSE, reported a good recovery in the second half of the year to September 30 and this enabled it to declare a dividend that had been raised by 16.7%.The dividend of 210 cents for the year…

After a regulatory review of A2X Markets' 2023 opt‑out listing process, the bourse has paid a R700 000 administrative penalty to the Financial Sector Conduct Authority (FSCA),This follows the conclusion of a 90‑day enforceable undertaking between A2X and the FSCA.In 2023, competitor bourse JSE complained that the smaller exchange had breached…

Want to keep an eye on how South Africans are buying this Black Friday and Cyber Monday?Peach Payments’s Black Friday Dashboard went live at at midnight this morning, until midnight on Monday, 1 December here.The dashboard shows the amount of overall transactions processed via the payment service provider, payment methods used, provincial breakdown and a live ticker of…

In January, when South Africans sat at kitchen tables, bank statements spread out like pieces of a puzzle, they dreamed of a disciplined year. They budgeted. They promised themselves to save more and spend less.Did anyone in their spreadsheets, budgeting plans, vision board, or New Year’s resolution include Black Friday?…

Millions of South Africans have credit life insurance attached to their loans but don't realise it. This hidden financial safety net could protect you from debt if you're retrenched, become critically ill, or disabled. Millions of South Africans face unexpected financial shocks every year, yet many don’t realise they may already have…

The past month has seen both Moody’s and Fitch Ratings publish their updated assessments of the South African economy. Their conclusions, while diplomatically phrased, are sobering: South Africa’s growth is projected to hover between 1% and 1.5% over the next 12 months, weighed down by sluggish reform, elevated financing costs,…