Royal Bafokeng Platinum (RBPlat) has reported an interim loss of R339.6m for the first half of 2023. This is a significant decline from the R2.2bn profit reported in the same period last year.
Author: Staff Writer
Prosus NV, a Dutch global consumer internet group, has agreed to sell part of its financial technology company, PayU, to Israel’s Rapyd for almost R11 billion ($610 million).
The International Finance Corporation (IFC), a member of the World Bank Group, has granted Absa a R4.5bn loan to expand its green building finance portfolio.
The South African government is investigating whether Shein, a Chinese fast-fashion platform, is exploiting customs duty loopholes to bring goods into the country.
Niels Wichmann brings a wealth of experience in sales and product marketing to Volkswagen Group South Africa (VWSA).
Lesetja Kganyago, the governor of the South African Reserve Bank, has urged emerging markets, including South Africa, to consolidate their fiscal positions in order to reduce exchange rate pass-through pressure on inflation and its wide-ranging economic costs.
Liberty Two Degrees (L2D), co-owner of Sandton City, has reported an increase in net property income.
South Africa’s Public Protector, Busisiwe Mkhwebane, has been found guilty of incompetence and misconduct by a parliamentary ad hoc committee.
Financial services group Alexforbes has unlocked R1.2bn in value by downsizing its office footprint and moving to flexible working.
Africa’s largest mobile operator, MTN, expects its interim profit to remain flat or rise despite the impact of hyperinflation and foreign exchange in some of its markets.