Rand to weaken in volatile trade this year. South Africa's rand will lose over 3% of its value in volatile trade against the dollar this year, a Reuters poll of market strategists found on Wednesday, but should be cushioned by wavering expectati...

Hilux sales top 40 000 units, Suzuki, Bentley fly, Merc takes a knock. The Toyota Hilux is yet again South Africa’s favourite vehicle, selling a whopping 40 018 units in 2018. This is up 10% on 2017 sales, at 36 422 units. Ford’s Ranger bakkie, which at one stage ca...

ABSA PMI ends 2018 on a positive note. The seasonally adjusted Absa Purchasing Managers’ Index (PMI) ended 2018 on a positive note, reaching the best level of the year – 50.7 – in December. This was an improvement from the 49.5 recorded ...

Global economic growth to slow to 2.9% this year – World Bank. Global economic growth is projected to soften from a downwardly revised 3% in 2018 to 2.9% this year amid rising downside risks to the outlook, the World Bank said on Tuesday. International trade an...

Despite unsuccessful tender, Gautrain remains on the lookout for new trains. An almost three-year tender process, initiated in February 2016, to secure additional train sets for the Gautrain system, has failed to deliver the desired results, with none of the three short-listed ...

New-vehicle sales decline by 1% in 2018, exports at record high. South African new-vehicle sales yet again retreated into negative territory in 2018, declining by 1%, to 552 190 units, down from the 557 703 units sold in 2017. The new-vehicle market in 2017 lifte...

NUM bemoans nonpayment of salaries to Optimum, Koornfontein employees. The National Union of Mineworkers (NUM) on Monday expressed its dissatisfaction over the nonpayment of employees’ salaries at the Optimum and Koornfontein coal mines for the past two months. NUM mem...

Bloodhound record attempt back on track as new funder steps in. The Bloodhound project to set a new world land-speed record is back on track. The Bloodhound Programme, the UK company behind the Bloodhound project, announced last year that it had been facing fina...

Eskom is said to extend job cuts beyond top management tier. Eskom Holdings will extend its strategy of trimming top executive positions to include lower ranking managers and finally the general workforce as South Africa’s cash-strapped power utility looks to cu...

Fixing State companies comes second to politics. South Africa’s government is facing potentially unpopular decisions needed to fix state companies that are drowning in debt, bleeding cash and fettering the economy, that may alienate voters ahead of next year’s elections. So far, it’s shied away from hard choices.