South Africa’s ownership of foreign assets has improved, indicating a stronger financial standing for the country. The Reserve Bank Quarterly Bulletin revealed that SA’s net international investment position improved, rising from a revised R1.008-trillion at the end of September 2022 to R1.209-trillion at the end of December as foreign assets increased more than foreign liabilities.
Author: Staff Writer
PrimeServ, a South African facilities management company, has announced an increase in its dividend payout for the 2023 financial year.
The Western Cape in South Africa has been experiencing a shortage of liquefied petroleum gas (LPG) due to supply chain disruptions.
AECI, a South African chemicals and explosives company, has reported strong sales growth and market share gains for the six months ending June 2023.
Safari Investments, a South African real estate investment trust, has reported higher-than-expected earnings for the six months ending March 2023.
South African President Cyril Ramaphosa has been cleared of any wrongdoing in connection with a robbery at the Phala-Phala Wildlife farm in Limpopo province in 2020.
Private hospital group Mediclinic has announced that it will forego paying a final dividend and instead use the funds to finance its full acquisition of Matlosana Medical Health Services.
Eskom, South Africa’s state-owned power utility, has requested additional funding from the government to cover its operating costs.
Discovery has reported a significant drop in pothole-related vehicle damage claims in Johannesburg.
BMW South Africa has announced plans to invest R42 billion (approximately $2.9 billion) in its Tshwane plant.