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Category: Business & Finance

Explore the dynamic world of business with insights into market trends, financial news, and corporate strategies. Our Business section provides in-depth analysis and updates to keep you informed about the economic landscape

Ramaphosa meets Elon Musk in New York to boost investment in South Africa

President Cyril Ramaphosa met Elon Musk in New York to discuss potential investments in South Africa, including the launch of Starlink and Tesla projects, as part of a broader R2-trillion investment drive.

Good news SA: Reserve bank lowers repo rate for first time in eight meetings

The SARB’s MPC cuts the repo rate to 8%, citing global inflation improvements and a stronger rand. What this means for South Africa’s economic outlook.

Africa no longer seen as dumping ground for old planes, says Airbus

Airbus reconsiders African market amid demand surge, opening a support centre in Johannesburg to enhance local aviation industry growth.

Beer excise tax burden exceeds policy target, says Oxford Economics Africa report

New report reveals South Africa’s beer excise tax burden exceeds policy targets, placing pressure on the beer industry. Industry calls for stronger tax policy certainty.

Robin Hood and Standard Bank team up to address R90 billion in unclaimed assets

Robin Hood and Standard Bank’s OneHub launch a platform to help South Africans recover an estimated R90 billion in unclaimed assets.

Repo rate predictions: Economists expect cautious rate cuts

Economists predict a potential repo rate cut in September, with Frank Blackmore of KPMG suggesting conservative reductions based on inflation trends.

Chicken price increases expected to ease in 2024

Chicken price increases in South Africa may ease in 2024, says Absa AgriTrends, due to a stronger rand and increased global production, providing relief to consumers.

Nedbank YES programme opens doors for aspiring market researcher

Bashley Mashego details how the Nedbank YES programme helped launch her career in market research, leading to significant personal and professional growth.

Avo Auto Care launches to support MFC clients with vehicle maintenance

Avo Auto Care, in partnership with Supa Quick, offers MFC clients financing options for essential vehicle repairs in South Africa, easing the financial strain of car maintenance.

Absa launches free webinar series to empower women and youth entrepreneurs

Absa entrepreneur programme

Absa’s program will provide a comprehensive approach to business development, offering training to help women and youth entrepreneurs.

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