Business

Podcasts are “power cut proof”, so to speak, as these can be downloaded and offlined before load shedding and enjoyed during.

Company liquidations were on the decline most were voluntary – with more than half initiated by companies and 45% by closed corporations. A total of 128 companies permanently shut their doors in South Africa in June, representing an 11.7% decline in company liquidations compared to the same month in 2022.

Shein, the $100 billion Chinese apparel behemoth that takes the concept of ‘fast fashion’ to the extreme, is gobbling up market share the world over.

The largest supermarket retailers in South Africa have now spent nearly R3 billion on diesel, to enable them to run generators so they could trade through the near-constant load shedding over the past nine months.

About 20 large power users from Gqeberha have joined forces with an independent power producer (IPP) and an electricity trader in an ambitious multi-billion-rand project to protect their operations against load shedding.

One in five businesses in Nelson Mandela Bay cut jobs in the first Quarter of 2023, with over 90% halting investment and expansion plans.

Hemingways Mall and Baywest Mall are up for sale. This follows after the Rebosis Property Fund, the first major black-owned real estate investment trust to list on the JSE over a decade ago, went into business rescue last year.

The country's citrus growers are seeking answers from the government on what it said was the European Union's unfair regulations regarding the False Coddling Moth, which is endemic to sub-Saharan Africa.

The rand has massively underperformed over the past week, breaching the psychological R19.00/US$1 level on Thursday (11 May). Even on a YTD and one-year basis, the local currency’s performance has been disappointing.