Business
WATCH: Meet Southern Africa's Global Shaper representative for the WEF 2018

The prestigious World Economic Forum set to take place in Davos in 2018 will see University of Cape Town Master's student representing South Africa...

IOL Business
Google's latest iPhone rival off to a rocky start

The Pixel 2 and Pixel 2 XL, which start at $649 and debuted in stores on Thursday, are the lynchpin of Google’s efforts to take on Apple Inc’s iPhone directly...

Eyewitness News Business
Standard Bank’s Women in Technology Conference ignites innovation

Standard Bank and co-sponsor Liberty lauched The Women in Technology Conference hosted at the Protea Hotel, Melrose Arch to address challenges faced in the industry...

BusinessTech
This R411bn start up is virtually unknown to the greater public

A little-known start-up breaks boundaries and climbs ahead of fellow start-ups with the likes of Airbnb and Space X with a R411 billion valuation...

IOL Business
Datatec cancels Aim listing in London

Datatec, the JSE listed ICT group, has announced that the secondary listing of its shares on the Alternative Investment Market of the London Stock Exchange (AIM) will cease an...

BusinessTech
eNCA | SA steel production on the rise

The rebound in steel production is reflected in the fourth consecutive month of year-on-year increases in new vehicle sales‚ as well as vehicle exports...

eNCA Business
OPINION: What South Africa needs to do to boost investor confidence

Marc Joffe, the CEO of Global Credit Ratings Co believes that by introducing ratings on various...

IOL Business
Fin24.com | Mini budget 2017: Tax increases not an option, says BUSA

Cost cutting and revenue generating efficiencies should be priorities in Finance Minister Malusi Gigaba's mini budget, says Business Unity South Africa...

Fin 24
Toshiba shareholders approve chip unit sale

Toshiba Corp investors approved the sale of its memory chip unit and backed the appointment of new board members over the objections of proxy advisers...

BusinessTech
Bitcoin pioneer to create a new digital currency called Metronome

Jeff Garzik, one of a handful of key developers who helped build the underlying software for bitcoin that is known as blockchain, has seen its shortcomings firsthand. So he de...

BusinessTech
Fin24.com | Over 1 100 Lonmin workers could be retrenched before Christmas

Lonmin plans to retrench 1 139 workers before Christmas, said trade union Solidarity, which will embark on a negotiation process with the platinum miner...

Fin 24
Extra measures are needed to create jobs for youth: Ramaphosa

Deputy President Cyril Ramaphosa says the extent of the crisis of youth unemployment and poverty needs extraordinary measures to be taken...

SABC Business
MTN reports decline in subscriber numbers

Mobile operator MTN on Tuesday reported a marginal decline in South African subscribers in a quarterly update for the period ended September 2017...

BusinessTech
Lonmin to remove 1 000 workers by Christmas

Employment in the ailing mining industry has been dealt yet another blow after Lonmin announced that it planned to axe 1 139 workers and contractors...

IOL Business
Fin24.com | Mini budget 2017: Table seems set for baptism of fire for Gigaba

The Cabinet reshuffle and changes in state-owned firms have reinforced the notion that ANC politics is still taking preference over SA's fiscal and economic wellb...

Fin 24
Platinum miner Lonmin to cut over 1,000 jobs in SA – union

London-listed Lonmin, whose mines are all in South Africa, is also battling a strengthening South African currency and numerous operational issues...

Eyewitness News Business
Fin24.com | CEF to probe PetroSA, SFF deals and will seek legal action over fuel sale

The Central Energy Fund's board wants a court to declare an illegal sale of SA's strategic oil reserves void, and plans to launch a full-scale probe...

Fin 24
Transnet institutes a group-wide investigation into contracts

Freight transport and logistics group Transnet has instituted a group-wide investigation into its contracts and suppliers...

IOL Business
Fin24.com | CEF to probe PetroSA and SFF contracts and will seek legal action over fuel sale

The board of the Central Energy Fund wants a court to make void an illegal sale of SA's strategic oil reserve, and plans to launch a full-scale forensic investiga...

Fin 24
Fin24.com | 12 money hacks and ideas - Part 2

In the second part of this article, Dean Gerber provides a few more of his money hacks and ideas to improve your own scorecard...

Fin 24
Avian flu vaccine to be discussed - DAFF

DAFF that it was discussing a highly pathogenic avian influenza vaccination strategy with various stakeholders, including the commercial poultry industry...

IOL Business
Fin24.com | SA can't be 'trust fund kid' living solely off mineral resources - Patel

South Africa’s can’t be a "trust fund kid" living off its mineral resources but not developing new skills, Minister of Economic Development Ebrah...

Fin 24
eNCA | SA Chamber of Commerce calls on Gigaba to restore business confidence

Sacci said it was important that Gigaba deals decisively and clearly with the government’s plans in the area of fiscal discipline...

eNCA Business
Retailers should use local manufacturers - Patel

In 2012 the South African Competition Appeal court approved the merger between local retailer Massmart and Wal-mart, subject to conditions...

SABC Business
EU raids Daimler and VW in widening cartel inquiry

The EU competition watchdog said in July it was investigating several German carmakers on suspicion they had conspired to fix prices in diesel...

Eyewitness News Business
Amazon condemned for selling Pistorius Halloween costume

An image of the so-called blade gunner costume shows a man wearing socks meant to look like prosthetic legs and a green athlete's kit...

Eyewitness News Business
Fin24.com | Mini budget: Tax increases not an option, says BUSA

Cost cutting and revenue generating efficiencies should be priorities in Finance Minister Malusi Gigaba's mini budget, says Business Unity South Africa...

Fin 24
Transnet investigates suppliers after corruption, state capture allegations

Transnet CEO Siyabonga Gama says they've asked all their suppliers if they are paying any commission to a third party, saying some of their audit reports will be...

Eyewitness News Business
Transnet investigating suppliers after corruption, state capture allegations

Transnet CEO Siyabonga Gama says they've asked all their suppliers if they are paying any commission to a third party, saying some of their audit reports will be...

Eyewitness News Business
Fin24.com | Mini budget 2017: DA calls on Gigaba to guarantee independence of state institutions

In its preview of Wednesday's mini budget, the DA also called on the finance minister to freeze the salaries of senior state management, and stop the controversia...

Fin 24
BLSA: We're working with Eskom but suspension not lifted

BLSA remains open to working with Eskom but this does not mean that it's reconsidering the suspension...

Eyewitness News Business
Parly committee allays Brown’s concerns over conflict of interest

Lynne Brown questioned whether the inquiry's evidence leader in the Public Enterprises Portfolio Committee Ntuthuzelo Vanara is conflicted...

Eyewitness News Business
Singapore to halt car population growth from next year

Singapore, one of the world's most expensive places to own a vehicle, will not allow any growth in its car population from February...

IOL Business
Uproar over new Duynefontein nuclear site

The Koeberg Alert Alliance says it will head to court, if necessary, to prove that serious environmental concerns have been overlooked...

Eyewitness News Business
Uniform pricing is against the law

Price fixing of any sort would not be allowed and those who do price fix will have to face the consequences...

IOL Business
Fin24.com | Top5 on Fin24: Motsepe drops KPMG, and Russia denies meddling in SA Cabinet changes

ICYMI: A roundup of Monday's most important finance and economics news...

Fin 24
OPINION: More real consultation is sorely needed

The mining industry talks of a crisis, of minerals depleting by 2030, but in reality, we have close to 150 years left of extraction...

IOL Business
Fin24.com | Russia denies meddling in SA Cabinet reshuffle

The Russian Embassy in South Africa has rejected weekend reports that it had a hand in SA's most-recent Cabinet reshuffle as 'fake news'...

Fin 24
Fin24.com | JSE inches up on flat trading

Banking stocks firmed despite a weaker rand, while subdued metal commodity prices did not deter gains among some JSE-listed miners...

Fin 24
eNCA | Cosatu anxious about mini-budget, hopeful Gigaba will rise to occasion

The minister will deliver his inaugural MTBPS on Wednesday, setting out the fiscal policy objectives and government spending priorities over the three-year expenditure cycle...

eNCA Business
SA workers on strike for union recognition at Toyota's subsidiary

The Liberated Metalworkers Union of South Africa's (Limusa) strike at Toyota Tsusho Africa in Durban, entered its fourth day on Monday...

IOL Business
Cosatu anxious about mini-budget, hopeful Gigaba will rise to occasion

Cosatu said on Monday that it was looking ahead to the MTBPS with some trepidation even though it hoped that Gigaba would rise to the occasion...

IOL Business
OPINION: Time to support exporters

Exports have to come to the country’s rescue, in the face of slow economic growth and government’s small room to manoeuvre on the domestic front...

IOL Business
Bitcoin market alone now worth nearly $100 billion

Bitcoin is booming, digital currency hedge funds are sprouting at the rate of two a week and the value of all cryptocurrencies has surged tenfold...

IOL Business
Where South Africans are looking to emigrate – and how to get to the US on the cheap

Emmigration consultants Henley & Partners have outlined what's going through through the minds of South African looking to emigrate right now...

BusinessTech
DA calls for review of govt spending ahead of medium-term budget

Finance Minister Malusi Gigaba is set to deliver his inaugural medium-term budget policy statement in Parliament on Wednesday...

Eyewitness News Business
New JSE listing 4sight buys Age Technologies for R80 million

Newly listed technology company 4Sight Holdings has entered into an agreement to acquire the shares in Age Technologies for R80 million, including R42.8 million cash, and the...

BusinessTech
Fin24.com | BLF apologises unreservedly for lifting Brown's letter to Eskom inquiry

The Black First Land First movement has apologised “unreservedly” to Public Enterprises Minister Lynne Brown for submitting a letter to the Eskom inquiry which was lifted...

Fin 24
85% of 10bn banking interactions done digitally

Banks are moving towards digitising the ways that they interact with customers whether it is online banking or using bank apps...

IOL Business
Eskom in process of appointing new evidence leader for Koko's hearing

Lawyer Sebetja Matsaung's services were terminated after he made threats against a newspaper editor at the hearing...

Eyewitness News Business
Eskom suspension in full force and effect

BLSA confirmed on Monday that it was holding high level discussions with Eskom’s Acting Chief Executive Officer (CEO), at Eskom’s request...

IOL Business
OPINION: A snapshot of the SA business sector

The Formal business sector, excluding agriculture and financial intermediation, generated R2.3 trillion in turnover during the second quarter...

IOL Business
Communities benefit from OR Tambo projects

The provincial Department of Human Settlements has rolled out a housing project of 1 000 houses, with 500 of those houses completed in Nkantolo...

IOL Business
African Rainbow Minerals drops KPMG

The South African miner now joins a host of other local companies breaking ties with KMPG...

Eyewitness News Business
Fin24.com | SA not in a crisis - economist

South Africa is not necessarily in a crisis, according to Lesiba Mothata, executive chief economist at Alexander Forbes Investments...

Fin 24
Cape Town to buy only zero emissions buses by 2025

Twelve major cities including Cape Town promised to buy only zero-emissions buses from 2025 and to make major areas free of fossil fuel emissions by 2030 to protect the enviro...

IOL Business
Absa introduces two-factor authentication to combat SIM-swap fraud

Following reports of continued SIM-swap fraud, Absa has announced that it is changing its verification technology - here's how it works...

BusinessTech
Fin24.com | Doubts about Gigaba's mini budget hit JSE confidence levels

Uncertainty about this week’s mini budget has continued to erode confidence on the market and the rand dropped back sharply in early trade...

Fin 24
South Africa's escalating engineering crisis

South Africa is not training enough engineers, artisans or technicians to deliver on the NDP's strategic infrastructure projects...

IOL Business
Cisco agrees to buy BroadSoft to expand cloud services

Cisco Systems agreed to buy BroadSoft for about $1.9 billion to expand further into software and cloud services...

BusinessTech
Pension Funds Adjudicator reports a fall in complaints

The Office of the Pension Funds Adjudicator has reported a 22.41% reduction in new complaints for the 2016/17 financial year...

IOL Business
eNCA | African Rainbow Minerals ditches KPMG

The company joins a list of others including Sygnia Asset Management and Birdcorp who've parted ways with the embattled audit firm...

eNCA Business
Fin24.com | BLSA willing to work with Eskom - on certain conditions

Business Leadership South Africa says it is open to working with Eskom to address "activities that are legally or ethically questionable"...

Fin 24
Another blow for South African taxpayers

The Medium Term Budget Policy Statement is likely to deliver yet another blow to over taxed and struggling lower to middle income earners...

IOL Business
DA leader Maimane says govt must stop bailing out SAA

Mmusi Maimane, said on Monday that government could not afford to throw billions of rands at the loss-making national carrier, South African Airways (SAA)...

SABC Business
Fin24.com | Doubts about Gigaba's mini budget hits JSE confidence levels

Uncertainty about this week’s mini budget has continued to erode confidence on the market and the rand dropped back sharply in early trade...

Fin 24
DA: Gigaba must focus on big 5 challenges to reverse economic decline

Finance Minister Malusi Gigaba is set to deliver his first medium-term budget policy statement in Parliament on Wednesday...

Eyewitness News Business
Spinoffs drive SA listings on JSE

The JSE may witness the newest listings for at least two years in 2017, helped by a spate of spinoffs as owners look to tap a market trading near record highs...

IOL Business
Hitachi Vantara appoints new GM for Sub-Saharan Africa

Hitachi Vantara, a wholly owned subsidiary of Hitachi, has appointed Alexander Jenewein as general manager and managing director for Sub-Saharan Africa, effective 19 October...

BusinessTech
Ailing KPMG loses another client

South African miner African Rainbow Minerals dropped KPMG as its auditor, joining a host of other local companies breaking ties with the firm...

IOL Business
Fin24.com | Patrice Motsepe's ARM drops KPMG

African Rainbow Minerals has dropped KPMG as its internal auditors, the company said...

Fin 24
Billionaire Motsepe’s African Rainbow Minerals gives KPMG the boot

African Rainbow Minerals, founded by South African billionaire Patrice Motsepe, has announced that it will be axing KPMG as the group's auditor, becoming the late...

BusinessTech
Fin24.com | Spinoffs drive JSE listings as valuations spur sellers

The Johannesburg Stock Exchange may witness the most new listings for at least two years in 2017, helped by a spate of spinoffs as owners look to tap a market trading near rec...

Fin 24
Does Gigaba face a credibility test as MTBPS looms?

Finance Minister Malusi Gigaba faces a credibility test when he delivers his inaugural budget speech to outline spending plans and economic forecasts...

IOL Business
These cars are the least-safe to drive in South Africa

The Automobile Association (AA) has published its second annual Entry-Level Vehicle Safety Report that assess the safety features on entry-level vehicles in South Africa - tho...

BusinessTech
Britain's Spire rejects Mediclinic offer, shares soar

Spire said it had reviewed the proposal and decided that it significantly undervalued the company and its prospects...

Eyewitness News Business
SA's Gold Fields quarterly bullion output rises 3%

Gold Fields, which also has operations in Australia, West Africa and South America, saw gold production rising to 567,000 ounces for the quarter ended 30 September...

Eyewitness News Business
Regiments Capital embroiled in Gupta linked laundering scandal

Regiments Capital is in jeopardy as it has emerged that R30 million flowed from them into companies associated with a Gupta-Essa laundering channel...

IOL Business
A look at Robben Island’s R25 million solar plant

Robben Island's solar energy micro-grid has gone live - a R25 million project which will produce almost 1M kWh of electricity annually, significantly reducing cos...

BusinessTech
Mmusi Maimane says govt must stop bailing out SAA

Mmusi Maimane said government could not afford to "throw billions" at SAA, while 4 children a day die of starvation in the country...

IOL Business
Mmusi Maimane: Govt must stop bailing out SAA as children starve

Mmusi Maimane said government could not afford to "throw billions" at SAA, while 4 children a day die of starvation in the country...

IOL Business
Fin24.com | Pioneer shares drop after profit warning

Pioneer’s shares dropped by 2.8% after the food company warned shareholders that its profit would likely be 48% lower for the year ended September 2017...

Fin 24
DA leader Maimane says govt must stop bailing out SAA

Mmusi Maimane, said that government could not afford to "throw billions" of rands at the loss-making national carrier, South African Airways...

IOL Business
Fin24.com | Mosebenzi Zwane: Another artful dodger

Mosebenzi Zwane is an affable man, but beneath his agreeable demeanour lies an astute politician who has perfected artful dodging - just like the president he ardently support...

Fin 24
OPINION: Tips for finding the right premises for your business

It is less risky if the first move out of the entrepreneur's kitchen or garage is rented space rather than bonded property...

IOL Business
Telkom avoids downgrade as Moody’s affirms rating

Global ratings firm Moody's has affirmed Telkom’s rating of Baa3 with a negative outlook, in line with the government of South Africa’s bond rating...

BusinessTech
Olive branch held out by Implats to shareholders on its remuneration policy

Implats held out an olive branch to shareholders following a revolt over its remuneration policy last week...

IOL Business
OPINION: SA needs a realistic framework for an all-inclusive growth path

Adri Senekal de Wet, the executive editor of Business Report writes about Finance Minister Malusi Gigaba’s first Medium-Term Budget Policy Statement...

IOL Business
South Africa has a bigger road problem than taxis, traffic and pot-holes – and it’s going to cost you

It has long been understood that there are "too many cars" on South Africa's roads, but the issue is much more complicated than that - a...

BusinessTech
OPINION: BEE: Let’s grow the economic cake

"We have noted with concern the distortion of the proposed amendments to the BEE legal framework."...

IOL Business
eNCA | Ten tips to avoid being card scammed at the ATM

Scammers are getting smarter and constantly changing the technologies they use to skim bank cards or hack into bank accounts...

eNCA Business
Fin24.com | Gigaba was forced to change SAA board - economist

South African Airways would not have had a new board if it wasn’t for the pressure that lenders applied on the Finance Minister Malusi Gigaba, says economist Iraj Abedian...

Fin 24
eNCA | Money Matters: home loans

Five tricks to reduce your home loan...

eNCA Business
BMW headquarters are searched

BMW has confirmed that European competition officials searched its headquarters in Munich last week as part of a probe into a cartel...

IOL Business
Energy expert: A nuclear deal would be illegal

The 'Sunday Times' reported that a top team from Russia visited President Jacob Zuma just before the surprise Cabinet reshuffle last week...

Eyewitness News Business
Global ratings agency junks South Africa ahead of Gigaba’s first budget speech

In its latest review of South Africa, Arc Ratings has downgraded South Africa's medium to long term foreign debt rating to BB+ with a stable outlook...

BusinessTech
Spinoffs drive new listings on the JSE

South Africa’s main stock exchange may witness the most new listings for at least two years in 2017, helped by a spate of spinoffs as owners look to tap a market trading nea...

BusinessTech
Fin24.com | Top UK hospital firm rejects Mediclinic takeover offer

Spire Healthcare Group has rejected a takeover proposal from its biggest shareholder Mediclinic International, saying an offer that values the UK private hospital operator at...

Fin 24
Meet Joburg's cryptocurrency millionaire

Invest in Future Currency chief executive Mpho Dagada, who has already made more than R1m through cryptocurrency has a desire to see Africa grow...

IOL Business
Details emerge of McKinsey kickbacks to Gupta-linked firms

In 2015, Transnet awarded a R375 million consulting project to Regiments Capital and McKinsey...

Eyewitness News Business
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