Dan Marokane is expected to be appointed as the new CEO of Eskom, healthcare bodies warn that there will be an 'exodus' of doctors if the NHI bill is signed into law, and the Afrimat Construction Index hits an almost 7-year high.
Parliament approves the controversial National Health Insurance Bill, France announces that it will halt any more investment in South Africa due to the country's plethora of ills, and British American Tobacco shares drop dramatically as more smokers quit or switch to vaping.
South Africa's economy has shrunk and it is even worse than expected, and billionaire Johann Rupert has bemoaned what he calls the "hostile environment for businesses" in the country, saying that investors avoid places where people call each other comrades.
National Treasury gives Transnet a massive loan, reserve bank deputy governor Fundi Tshazibana says there is a good case for domestic interest rates staying “higher for longer”, and consumers can look forward to some relief at the pumps come Wednesday.
Unlike previous Novembers this was not a good month for the rand - with load-shedding and Transnet - the toxic combination has taken its toll, and most companies who took part in a 6 month 4 day work week trial have decided to keep the new schedule.
Prosus reports significant results, SA-born Elon Musk's Starlink satellite company does not have a license to operate in the country, and Busa President Adrian Gore has warned that the pace of delivery across the joint initiatives being taken with government on electricity, logistics, and crime is “plateauing.”
VW is NOT leaving South Africa - so says CEO Martina Biene, but ,there are deep-seated concerns, 100,000 ships are now stuck outside three SA ports, and ArcelorMittal SA is to close its long steel ops, cutting 3,500 jobs.
The SABC has announced the appointment of a new Group Chief Executive Officer, Nomsa Chabeli, and Naamsa's CEO Mikel Mabasa is concerned that the government is refusing to consider consumer incentives to make electric vehicles more affordable for South Africans.
Passenger Car CEO for Volkswagen, Thomas Schäfer, is worried about the firm's future operations in South Africa, the Nelson Mandela Bay Business Chamber wants Transnet's new booking system to be suspended until the country-wide logistics challenges are resolved, and Anglo American Plc is considering cutting jobs at two of its…
The annual consumer price inflation rate has come dangerously close to the Reserve Bank's threshold of 6 %, the World Bank says rampant crime in South Africa is costing the country, and another ABSA executive jumps ship to Nedbank.
4th quarter business confidence drops, all eyes will be on CPI numbers to be released later today, and interim SAA Chair, Derek Hanekom, says the airline is healthy but needs a cash injection to remain sustainable.
The backlog at SA ports poses a huge problem, Sasol is to get a new president and CEO in April 2024, and S&P Global keeps Msanzi's credit rating unchanged. (Chris Buchanan was standing in for Chris Gibbons)
London's Standard Chartered Bank admits to rand rigging, agrees to pay a fine to the Competition Commission, Multichoice continues to bleed customers, and retailers look forward to Black Friday. (Chris Buchanan was standing in for Chris Gibbons)
Sasol gets a new CEO, Shoprite continues its dominance in the retail market space, and all eyes are on the US Federal Reserve Bank for a decision on interest rates. (Chris Buchanan was standing in for Chris Gibbons)
South Africa's TFG reports a loss but remain optimistic about the upcoming Black Friday, Stats SA to release two important figures this week, and Biden to meet his Chinese counterpart this week.
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