Business

 South African wool prices softened at the final national wool sale of the season. Cape Wools spokeswoman Ona Viljoen said their Merino indicator dropped 1.7% to close at R94.11 cents p/kg for clean wool. This was 2.3% up on the opening

The  Financial Times of London reports that British Bank Barclays is actively looking for a suitor for its South African unit, Absa, after the recent merry-go-round at the country’s foreign ministry. The publication ran an article on

South Africa’s Minister in the Presidency, Jeff Radebe, announced on Friday that there would be a special meeting of Cabinet’s economics cluster on Tuesday to discuss the country’s credit rating and falling currency

The Banking Association of South Africa on Thursday expressed concern at the removal of Nhlanhla Nene as finance minister and the lack of experience of his replacement David van Rooyen. “The sudden Cabinet reshuffle announced by President

Domestic sales of new vehicles as well as vehicle exports were up marginally in November. Industry association Naamsa said today that aggregate new vehicles were sales were up 0.4% year on year.  However, new passenger car sales were down

The Helen Suzman Foundation has asked Public Protector Thuli Madonsela to probe Eskom, Chancellor House and the ANC following the damning Hitachi revelations. The request follows recent claims by the United States Securities Exchange Commission

Johannesburg Mayor Parks Tau says new forms of mobility are needed to ensure the escalating cost of traffic congestion is brought to a halt. Tau says as it stands, the economic impact that results from congestion in the whole of South Africa is

Although the jury is still out on damage to the Volkswagen brand in South Africa as the scandal engulfing the German car manufacturer – whose name translates as the “people’s car” – grows, it seems there might be some

South African Breweries has invested R80 million into the brewing and packaging of Castle Lite beer at its Ibhayi Brewery in Nelson Mandela Bay. The project, which was unveiled on Wednesday, is the first major upgrade at the Perseverance facility