Business

The South African Reserve Bank (Sarb) left its benchmark repo rate unchanged at seven percent on Thursday due to improvements in the inflation forecast, the weak domestic economic outlook and the assessment of the balance of risks.The prime lending

 Kumba Iron Ore Limited said on Tuesday it had received notification from the South African revenue Service (Sars) of a potential additional tax bill of R1 billion for its 73.9 percent-owned subsidiary, Sishen Iron Ore Company (SIOC).This

The Nelson Mandela Bay Business Chamber has voiced its concern regarding the manner in which the ongoing investigations into alleged misconduct by Finance Minister Pravin Gordhan are being handled by the Directorate for Priority Crime Investigation

Africa’s largest bottler, Coca-Cola Beverages Africa (CCBA), on Monday opened its doors for the first day of operations.CCBA was formed in 2014 through the combination of African non-alcoholic ready-to-drink bottling interests of SABMiller, the

Emfuleni Resorts announced on Thursday that its proposal to develop a R1.3-billion mixed use development on currently under-utilised land in the Boardwalk Precinct in Port Elizabeth would not go ahead. This follows the decision of the Eastern

JOHANNESBURG, June 3 (ANA) – Big business on Friday welcomed Standard and Poor’s (S&P) decision to affirm South Africa’s long- and short-term foreign and local currency bond ratings at “BBB-/A-3” and “BBB+/A-2” respectively.This means the foreign

This year’s 18 inspiring finalists have been announced for the Businesswomen’s Association of Port Elizabeth (BWA) Investec Regional Business Achiever Awards (RBAA). The 18 women (three each in six categories) have been whittled down

Barclays Africa said on Thursday that its UK-based parent had raised approximately R13.1 billion through the sale of 103,592,491 ordinary shares, representing 12.2 percent of Barclays Africa’s share capital. The shares were sold at R126

(Port Elizabeth) - Developers behind the Eastern Cape's first live-work-play integrated precinct development, Baywest City, have announced the kick-off of five major developments this year which will total more than R1.2bn in value.