Goldman models risk of 1 000 basis point Eskom blowout for South Africa. Investment bank Goldman Sachs said South Africa's rand could tumble 3.5% if State-run power utility Eskom suffers a major sell-off in its bonds, but it could also jump 4.5% if the firm's troubles impro...

Electricity increases will badly hurt the poor, say community leaders, residents. Community and faith leaders, as well as pensioners and residents, have called on the National Energy Regulator of South Africa (Nersa) to oppose Eskom’s request for a tariff hike, with a projected over...

Denel reaffirms commitment to transformation. State-owned arms manufacturer Denel on Monday reaffirmed the validity of its decision to appoint Daniel du Toit group CEO, after stakeholders raised concerns. Denel noted in a statement that Du Toit...

Agri-hub seen as key post-mining-economy jobs driver in west Gauteng. An ambitious plan to develop Gauteng’s West Rand into an agri-industrial hub, primarily producing high-value crops for domestic and export markets, is starting to take shape and is expected to be offic...

Eskom warns of 'debt trap' as it pleads for 15% hike. Eskom CEO Phakamani Hadebe has apologised for the severe predicament Eskom is in, but has pleaded for an electricity tariff increase of 15% over the next three years. Hadebe made the call at the ope...

Ramaphosa calls on private sector to assist with fighting corruption. Corruption has become a big issue that has to be addressed by the whole nation, President Cyril Ramaphosa said on Thursday. . Ramaphosa told business leaders at a meeting in the Pietermaritzburg...

AB InBev Soars on Possible IPO of Asian Business. Anheuser-Busch (AB) InBev's shares jumped the most since 2015 after people with knowledge of the matter said the world’s largest brewer is considering an initial public offering of its Asian operations...

Cerba, Lancet are said to agree Africa deal for $123m. Cerba HealthCare SAS, the French owner of a global network of medical laboratories, is expanding in Africa by buying some of Lancet Laboratories’ operations for as much as 12.5-billion Kenyan shillings...

Manufacturing production up 1.6% y/y in November. Manufacturing production increased by 1.6% year-on-year in November, Statistics South Africa (Stats SA) reported on Thursday. The largest positive contributions were made by food and beverages; and ...

Second member resigns from Ramaphosa's Eskom task team. A second member of President Cyril Ramaphosa's task team on Eskom has stepped down, the Presidency spokesperson Khusela Diko confirmed to Fin24. Diko told Fin24 on Thursday via Whatsapp that Sy Gour...