PPC says business is picking up, while intensive DRC restructure talks continue . JSE-listed cement manufacturer PPC on Wednesday said its trading performance in Southern African is starting to stabilise.

In an operational update for the 11 months from April 1, 2019, to February 2...

Metair investing R650m in auto components business . International manufacturer, distributor and retailer of energy storage solutions and automotive components, Metair, is investing R650-million in a range of automotive component businesses, says MD Theo...

BMW HQ to shutter Rosslyn plant as Covid-19 cools demand . The BMW Group will shut down its European plants, as well as its Rosslyn plant, in Tshwane, South Africa, by the end of the week, owing to shrinking demand as a result of the Covid-19 pandemic.

The R...

Local car plants to continue operating as many European operations shut down . Despite automotive plants closing down in Europe owing to the Covid-19 outbreak, South African vehicle production sites are still operational.

The National Association of Automobile Manufacturers of ...

Sasol includes $2bn rights-issue option in plan to reset capital structure . Debt-laden chemicals and energy group Sasol announced on Tuesday that it could pursue a $2-billion rights issue as a “supplemental initiative” in the event that cash-conservation initiatives and asset ...

Covid-19 presents ‘clear and present danger’ to South African economy . Market trends and other economic data confirm that the coronavirus (Covid-19) pandemic now poses “a clear and present danger” to the South African economy, North West University Business School Profess...

Coronavirus inflicts more pain on battered South African economy . The spread of the coronavirus dealt another body blow to a South African economy already in recession and reeling from power shortages, and there’s little the government can do to counter it.

Covid-1...

Every effort must be made to ensure economy ‘does not grind to a halt’ . Finance Minister Tito Mboweni stressed on Monday that, before contemplating any possible stimulus package to address the negative economic effects of the Covid-19 pandemic, all efforts should be geared...

Telkom starts restructuring process . Embattled telecommunications group Telkom on Friday announced the start of the first phase of its two-phase restructuring process.

The group, starting its consultation processes, issued Section 189 n...

FairPlay, Sapa welcome higher chicken import tariff . Nonprofit trade movement FairPlay and the South African Poultry Association (Sapa) have welcomed the new, higher chicken import tariffs that were published in the Government Gazette on Friday.

Howeve...