Business

 Lesetja Kganyago has officially been appointed as successor to outgoing SA Reserve Bank governor Gill Marcus. Kganyago's appointment was announced on Monday by President Jacob Zuma, flanked by Finance Minister Nhlanhla Nene, at a media

 South Africa's economy grew by 0.6 percent in the second quarter of 2014, Statistics SA said on Tuesday. This was compared to a 0.6 percent decrease in the real Gross Domestic Product (GDP) in the first quarter of the year. The GDP is

The owners of Port Elizabeth's Greenacres Shopping Centre, ACUCAP, have announced plans to redevelop and upgrade the centre to the tune of R282 million. The first phase of the extension is to begin work next month on a newly designed food court

Continental Tyre South Africa says it will invest between R300 and R320 million in its Port Elizabeth facility this year. Engineering New quotes Marketing and Sales GM Shaun Uys as saying the focus will be on increasing energy efficiency as the

Ratings agency Standard and Poor’s on Friday lowered South Africa's long-term foreign currency credit rating one notch, from BBB to BBB- minus. The agency says in a research update the downgrade reflects its expectation of lacklustre gross

 The European Commission says stricter import requirements for South African citrus fruit to Europe have been endorsed. EU Commission spokesperson, Frederic Vincent, says these measures, adopted on Tuesday, are being taken to protect

 Production has begun of the next generation Mercedes-Benz C-Class at the Mercedes-Benz South Africa manufacturing plant in East London. MBSA's Markus Schäfer says with the new C-Class, they're taking automotive production in South

  The Eastern Cape Development Corporation says it has facilitated export contracts for Eastern Cape companies to China of more than a billion rand in the first six months of the 2013/2014 financial year. The development financier says a

 The seven major vehicle manufacturers in South Africa and a number of specialist truck producers will spend a projected R7.9 billion this year. The National Association of Automobile Manufacturers of South Africa said in a statement that