ZF starts production at new East London axle plant. ZF Lemforder South Africa's new plant in East London has started production of front and rear axles for its customer, Mercedes-Benz South Africa (MBSA). MBSA - a member of the Daimler group - is inves...

Business organisations condemn acts of violence. Business Leadership South Africa (BLSA) on Tuesday condemned the protest action that has taken place in the last few days across Tshwane, Johannesburg and on the N3 highway, during which foreign-owned ...

Australian project eats into WBHO profit; parastatals issue 20 billion rand in tenders. Wilson Bailey Holmes-Ovcon (WBHO) has seen a significant decline in profit owing to anticipated losses on the Western Roads Upgrade (WRU) project, in Australia. The construction group on Tuesday repor...

Land Bank posts healthy results during difficult agriculture times. State-owned development finance institution (DFI), the Land and Agricultural Development Bank of South Africa (Land Bank), grew its transformational loans to 7.9-billion rand in the 2018/19 financial year....

Absa PMI drops more than expected in August. The seasonally adjusted Absa Purchasing Managers' Index (PMI) declined to 45.7 index points in August, down from 52.1 in July. Absa on Monday said that, although the decline was larger than anticipate...

New-vehicle sales continue to decline; exports set new record. South African new-vehicle sales continued their steady downward trend in August. Total sales for August declined by 5.1%, to 45537 units, compared with the same month last year. It is clear that gov...

South Africa's trade balance swings to surprise deficit in July. South Africa's trade balance swung to a 2.9-billion rand deficit in July after a revised 5.5-billion rand surplus in June, data from the revenue service showed on Friday. A Reuters poll had forecast a R2.7-bi...

Sasol investors suggest co-CEO Cornell leave after LCCP costs surge. Sasol has been asked by some of the country's biggest fund managers to consider executive changes including ousting Stephen Cornell, one of two CEOs, over cost overruns at a flagship project, according...

Development of South African EV ecosystem critical, says Nissan. It is critical that the South African government creates an enabling environment for the adoption and uptake of electric vehicles (EVs) in South Africa, in order to catch up with global players, says N...

Ctrack Logistics Barometer shows encouraging upward momentum. Vehicle tracking and telematics provider, Ctrack, has joined forces with economists.co.za to create the Ctrack Logistics Barometer. The Ctrack Logistics Barometer aims to be an accurate co-incident in...