business

News24 Business | Transnet scrambles with equipment delivery as peak fruit exports loom

Transnet has said essential equipment, including rubber-tyred gantries and ship-to-shore cranes, will only arrive by the next peak fruit export season at the Cape Town Port.




business

News24 Business | 200 electric Ubers coming to SA next year, starting in Joburg

Uber will bring 200 BYD electric vehicles onto its platform in South Africa, starting with a pilot in Johannesburg in 2025.




business

News24 Business | Exec pay: Shoprite forced to engage unhappy shareholders

Investors holding more than a quarter of Shoprite shares opposed its executive pay, requiring SA's largest retailer to address dissenting shareholders' concerns.




business

News24 Business | 'Food inflation has all but disappeared': Bidcorp flags record trading, 'excellent' SA result

Shares of Bidcorp, the food services giant founded by Brian Joffe, jumped almost 5% on Tuesday after it reported a record revenue performance for the four months to end October, including an "excellent" result from SA.




business

News24 Business | FlySafair to interdict ruling that threatens international flights

FlySafair has filed an urgent application to interdict a ruling that threatens its international operations after it was found that the airline's shareholding structure violates foreign ownership regulations.




business

News24 Business | Filipino giant says Maersk unit holds SA 'hostage', will appeal Durban port interdict

ICTSI said it will use all legal channels to make sure that a Maersk subsidiary, "is not successful in holding the Durban port, and indeed the South African economy hostage to their interests".




business

News24 Business | Blue Ribbon owner Premier reports earnings jump but maize prices still a concern

Blue Ribbon and Snowflake owner Premier's interim earnings rose by almost a third on Tuesday as the group benefited from a focus on margin management, cost savings and continued investment in its assets.




business

News24 Business | Lottoland wins round in battle against Google in South Africa

The Competition Tribunal issued an interim order that should allow online betting platform Lottoland access to Google Ads.




business

News24 Business | SA arm of Ivor Ichikowitz's Paramount defence group files for business rescue

The South African operations of defence and aerospace company Paramount filed for business rescue amid a dispute with a drone manufacturer from the United Arab Emirates.




business

News24 Business | MultiChoice sheds 1.8m DStv subscribers, loss doubles to R1.85bn

DStv and Showmax operator MultiChoice reported it shed over a tenth of its pay-TV subscriber base in its six months to end September, when its loss also doubled after it was battered by currency headwinds as well as its spend on streaming.




business

News24 Business | Motsepe's SOLA Group wins first round in Renergen rights battle

An application to suspend development of the solar farm has been rejected, but another seeking more permanent relief is yet to be decided on.




business

News24 Business | Deepfake drama's latest twist: Watchdog probes claims that agents have been lying about licence

SA's financial regulator is investigating allegations that agents of online brokerage Banxso, whose licence has been suspended, contacted clients claiming it has been "cleared".




business

News24 Business | US investment banking giant caught out by weak rand

It took less than a week for one of Citigroup's recommended Trump trades to sink under water.




business

News24 Business | Business brief | Mantengu digs up a profit; Shell prevails in landmark climate ruling

An overview of the biggest business developments in SA and beyond.




business

News24 Business | Elon Musk is making a habit of joining Trump’s calls with leaders

Elon Musk surfaced once more in a round of phone calls US President-elect Donald Trump is making with world leaders, driving home the billionaire's outsized influence in the next administration.




business

News24 Business | Court orders Nulaid owner Quantum to reinstate director it removed in boardroom war

Nulaid owner Quantum Foods has been ordered to reinstate a nonexecutive director it removed after requesting to see the legal advice it relied on in refusing a shareholders' meeting request for board changes.




business

News24 Business | Growth-hungry Premier says it would even consider snapping up RCL, Libstar

Blue Ribbon and Snowflake owner Premier Foods is on the prowl for acquisitions, including the likes of JSE-listed food producers like Remgro-controlled RCL Foods, Libstar and RFG, if they ever become available.




business

News24 Business | Trump names Elon Musk to role leading government efficiency drive

US President-elect Donald Trump on Tuesday named Elon Musk to a role aimed at creating a more efficient government, handing even more influence to the world's richest man who donated millions of dollars to helping Trump get elected.




business

News24 Business | GEPF says its annual investment return is 'satisfactory' - but write-offs climb

The Government Employees' Pension Fund delivered a return of 4.9% on investments for its members in the year to end-March.




business

News24 Business | PODCAST | SA Money Report: Navigating racial discrimination and SA's property game

In this week's episode of SA Money Report we examine how racial discrimination impacts the property market and interrupts economic growth.




business

News24 Business | PODCAST | SA Money Report: Working through your 4 stages of load shedding grief

In this week's episode of SA Money Report, we delve into Eskom's latest plunge into darkness.




business

News24 Business | PODCAST | SA Money Report: Getting cargo off our roads and onto Transnet’s vast rail network

In this week's episode of SA Money Report, we explore government's plans to allow private operators to use Transnet’s rail network, which is expected to instantly move some 58 million tons of cargo off South Africa’s battered roads.




business

News24 Business | PODCAST | SA Money Report: We see what Shell sells with its blasts on the sea floor

In this week's episode of SA Money Report, Fin24s sustainability expert Lameez Omarjee provides a seismic blast of information, helping us to understand what's Shell's plans are for waters off the Eastern Cape, and why people are so furious about it.




business

News24 Business | PODCAST | SA Money Report: The curious case of the Public Protector's renewable energy probe

In this week's episode of SA Money Report, Fin24 investigative reporter Jan Cronje delves into Public Protector Busisiwe Mkhwebane's curious investigation of the country's push for more renewable energy.




business

News24 Business | PODCAST | SA Money Report: The oil mother lode and the battle off SA's shores

This week, SA Money Report drills down into the 'game changing' oil find off the coast of Namibia, and how this factors into the recent court battles over seismic blasting on the SA West Coast.




business

News24 Business | PODCAST | SA Money Report: Steinhoff fires salvo with Markus Jooste’s ‘mastermind’ emails

This week, SA Money Report unpacks how a series of emails by former Steinhoff CEO Markus Jooste is an integral part of proving a case against one of his allies in the UK




business

News24 Business | PODCAST | SA Money Report: The Putin crony, the Naspers money and tensions in Mother Russia

This week, SA Money Report journeys in the heart of war, and comes back with a tale about Naspers' exposure in Russia, and its ties to VKontakte, whose 38-year-old CEO Vladimir Kiriyenko was sanctioned by the US.




business

News24 Business | PODCAST | SA Money Report: A new CEO today, transformation tomorrow. Is Absa keeping it together?

This week, SA Money Report focuses on the controversy around the appointment of Arrie Rautenbach as Absa CEO.




business

News24 Business | PODCAST | SA Money Report: Cash problems leave Comair’s future up in the air and its planes grounded

This week Carin Smith explains why Kulula.com operator Comair grounded its planes, and what it will take to get them back in the air.




business

News24 Business | PODCAST | SA Money Report: Labour pains and the birth of all-out Numsa war

This week, SA Money Report delves into the power moves, backstabbing and court cases facing Numsa ahead of its crucial elective conference.




business

News24 Business | PODCAST | SA Money Report: Why retirement is going 2 pot, and what it means for your money

This week SA Money Report discusses the new proposals to change the country's retirement system, and how you might be able to access some of your funds.




business

News24 Business | PODCAST | SA Money Report: Untangling 'blackmail' and vindication at the AG's office

This week SA Money Report discusses how well-respected Auditor-General Tsakani Maluleke recently faced a barrage of allegations from an employee who also allegedly attempted to blackmail her, and how she ended up being vindicated.




business

News24 Business | PODCAST | SA Money Report: Probing why eThekwini's taking the nuclear option in Eskom divorce plan

This week SA Money Report tries to understand eThekwini's surprising plan for nuclear power, and whether the ANC's RET faction has a hand in things.




business

News24 Business | PODCAST | SA Money Report: How deep do Markus Jooste's attachment issues go?

In a very special Steinhoff edition of SA Money Report, we examine the SA Reserve Bank’s recent surprise moves against former CEO Markus Jooste.




business

News24 Business | WATCH | 'Every man for himself': Why this farmer says there's a need for mental health help

Bayanda Maseko lost 2 000 chickens and more than R100 000 he invested in his farm in 2022, all because of load shedding.




business

News24 Business | Siza longer version

After a year long battle by business and organised labour CEO of Transnet Freight Rail Siza Mzimela has resigned




business

News24 Business | Discovery data shows over R3.2 billion paid for cancer treatment in 2023

Discovery Health Medical Scheme's (DHMS) 2023 cancer claims payouts were almost 19% higher than the previous year though the scheme says screening rates in South Africa have mostly returned to pre-pandemic levels.




business

News24 Business | Nick Hedley | Energy transition stats show SA is now way behind the rest of the world

The pace of the energy transition has accelerated exponentially in recent years and South Africa has failed to keep pace. But there is hope with legislative changes paving the way for a more competitive electricity market, says Nick Hedley.




business

Hugging grandmas and businessmen

OM Chile's Intensive Training participants spend a morning sharing the gospel in a local plaza in Santiago.




business

News24 Business | Capital growth still disappoints

Although cash should still be seen as a "trashy" asset class, investors do not have many other places to park their money, says an analyst.




business

God's business

Running a business in Central Asia with godly principles isn't easy, but God brings one couple faithfully through what could have become a critical situation.




business

Jharkhand High Court Issues Notice To MS Dhoni Over Business Dispute

The Jharkhand High Court on Tuesday issued a notice to cricket star Mahendra Singh Dhoni in a case filed by his former partners Mihir Diwakar and Soumya Das.




business

$21.5 Million in Health Insurance Rebates for Individuals and Small Businesses

Thousands of Highmark 2019 plan participants and groups to receive checks After announcing a reduction of Delaware Health Insurance Marketplace rates for the upcoming enrollment year, Insurance Commissioner Trinidad Navarro has more good news for residents who purchase insurance on the Delaware Health Insurance Marketplace, those who purchase Highmark Blue Cross Blue Shield Delaware plans […]




business

General Assembly Moves in Unison to Protect Consumers, Local Businesses, from Excessive Pharmaceutical Costs

Expanded oversight of Pharmacy Benefits Managers possible Legislation to further regulate the Pharmacy Benefits Manager industry was passed by the General Assembly in late June and sent to the Governor with unanimous bipartisan support. HB 219, sponsored by Rep. Andria Bennett, Sen. Spiros Mantzavinos, Senate President Pro Tempore Dave Sokola, and Rep. Mike Smith, would […]




business

$12.3 Million in Health Insurance Rebates for Individuals and Small Businesses

Highmark plan participants and groups to receive checks Insurance Commissioner Trinidad Navarro announced today that Highmark Blue Cross Blue Shield Delaware will issue rebates totaling over $12.3 million to some Delawareans. Residents who purchase insurance on the Delaware Health Insurance Marketplace, those who purchase Highmark Delaware plans outside of the marketplace, and Highmark small group […]




business

Delaware to Regulate Multi-Billion-Dollar Pharmacy Benefit Manager Industry, Protecting Consumers and Local Businesses

Department of Insurance will lead effort to rein in monopolistic behavior and excessive pharmaceutical costs Insurance Commissioner Trinidad Navarro announced today that the Delaware Department of Insurance will begin the process of building and enforcing regulations regarding Pharmacy Benefit Managers (PBMs) as a new law goes into effect. The new authorities of the department will […]




business

NDTV Profit Business Channel Resumes Operations This December

NDTV Profit, the business news channel of the New Delhi Television Ltd, is set to resume regular operations from December.




business

Why Your Business Needs A Crisis Management Plan

The article will provide strategies for effectively leveraging these tools to your advantage




business

Additional Direct Support Now Available to Small Businesses Applying for DE Relief Grants

Delaware Division of Small Business and Delaware Black Chamber of Commerce Announce Partnership Dover, DE (Nov. 18, 2020) – More small businesses will have help in applying for DE Relief Grants through a new relationship between the Delaware Division of Small Business (DSB) and the Delaware Black Chamber of Commerce (DEBCC). The two organizations have […]




business

Governor Carney Announces Additional Relief Funding for Small Businesses, Arts Organizations

All Relief Grant recipients to receive 20 percent bonus; hospitality businesses will receive 50 percent bonus; $10 million for Arts organizations WILMINGTON, Del. – Governor John Carney and the Delaware Division of Small Business on Monday announced a new round of relief funding – $26 million to support small businesses most affected by COVID-19 restrictions. The […]