Business
News24 Business | Former fleet admin at Volkswagen SA convicted on 595 counts of fraud amounting to R12m
A 60-year-old former fleet administrator at Volkswagen South Africa has been convicted on a whopping 595 counts of fraud for a scheme to overpay an auto body repair company.
El Nino may see first South Africa white-corn imports since 2017
Dry and unseasonably hot weather that’s persisted across much of the country so far this year has slashed forecasts for the size of the harvest.
News24 Business | Momentum Metropolitan ups interim dividend even as profit barely beats inflation
Although the group managed to increase sales volumes in the interim period CEO Jeanette Marais said the cost of acquiring new business put pressure on margins.
Major shake-up on the cards for Eskom workers – including performance incentives
Eskom’s board is looking at taking steps to boost staff morale, which it hopes will improve the performance of its power stations.
Bankers jailed for interest rate rigging lose appeal
Tom Hayes and Carlo Palombo, convicted for manipulating a key interest rate, have had their appeals dismissed.
R3.9 billion sale finalised for five malls in South Africa
New owners of five major malls in South Africa have taken over management after a R3.9 million sale.
International paper stirs up possible biding war over DS Smith
DS Smith shares gained as much as 7.9% to 338.1 pence in early Wednesday trade, hitting their highest since January 2022.
Food prices continue to climb in South Africa – with 19 items seeing a double-digit increase
Despite a slowdown in food inflation, some prices for food items are sill seeing massive increases compared to 2023.
SAA, Discovery unveil premium lounge: Elevating travel to new heights
South African Airways (SAA) and Discovery recently unveiled the completion of a landmark refurbishment of their premium airport lounge, a first-of-its-kind at OR Tambo International Departures.
ANC says MK Party Logo is part of it’s heritage
A round-up of news, including a look at the DA granted motion of no confidence against speaker of parliament
The ANC’s position on the speaker
And the education department deregistered four institutions
Mixed bag for hotels and restaurants in South Africa
Sentiment in the other services sector is expected to benefit from predicted interest rate cuts later this year – but election risks remain.
Oil declines as industry report shows bumper US stockpile build
Brent for May settlement fell 0.8% to $85.56 a barrel at 10:08 a.m. in London.
RH Managers invests R270m in private hospital in Mthatha
With the aim of improving access to healthcare in the area.
Master Drilling looks back on a resilient 2023 in tough trading conditions
‘It’s been one of those years where you are very glad you diversified into so many different countries and different commodities’ – CFO Andre van Deventer.
Massive headache for Kieswetter – R119 billion up in smoke
A new study sheds light on the value of the booming illicit cigarette market in the country, and how it is costing the fiscus billions annually.
Zimbabwe inflation rate hits seven-month high as finance minister pledges to act
Annual inflation quickened to 55.3% this month from 47.6% in February, the Zimbabwe National Statistics Agency said Wednesday.
South Africa’s political parties are in the doghouse
Following numerous assessments, South Africa’s Information Regulator has slammed political parties for not complying with the PAIA.
Titanic law helps ship owner limit accident liability
A 1851 law could lower the exposure to tens of millions of dollars by capping the ship owner’s liability at how much the vessel is worth after the crash, plus any earnings it collected from carrying the freight on board, said Martin Davies.