The International Monetary Fund (IMF) has raised its forecast for South Africa’s growth rate to 0.3% for 2023, up from the 0.1% it predicted in April.
Author: Staff Writer
Mpact, a South African packaging and recycling company, has forecast a surge in its interim earnings of almost 40%.
Shoprite reported 16.9% growth in annual sales to R215 billion
Schneider Electric has signed MoUs with the NRF and University of Johannesburg
Kumba Iron Ore cut its sales forecast by 1 million tonnes to between 36 – 38 million tonnes
The BMW CE 02 electric motorbike will launch in South Africa in Q2 2023
Glencore expects its marketing earnings to exceed the top end of its guidance range.
Famous Brands spent R8.8 million on diesel to keep restaurants open during load shedding in Q1 2023
PepsiCo is investment in its empowerment commitments in South Africa to expand its business to other sub-Saharan countries.
Vodacom, South Africa’s largest mobile phone operator, experienced a significant increase in revenue during the first quarter of its new financial year. The boost in revenue was attributed to the acquisition of Vodafone Egypt, which contributed to growth across all of its performance indicators.