Business

Internet service provider, Axxess, will celebrate its 25th anniversary next month with a second Telkom Consumer Award.

South Africa’s formal, non-agricultural industries shed 119 000 jobs in the second quarter (Q2), down from 10 067 000 in March 2022 to 9 948 000 in June 2022, led largely by employment losses in the community services, business services and construction industries.

Capitec has taken the wraps off its own mobile virtual network operator (MVNO) – Capitec Connect, which uses the Cell C network, which itself roams on MTN. The fact that its data never expires – provided the SIM card is used at least once every six months – is likely to upend the market. Operators traditionally sell data bundles with a validity of up to 30 days.

The South African Reserve Bank's Monetary Policy Committee (MPC) has hiked the repurchase rate (repo rate) by 75 basis points.

The Small Business Institute (SBI) is calling on government to accelerate the implementation of measures to stabilize embattled power utility Eskom.

In one of the stores visited by Moneyweb, even shop fittings and fixtures will be sold. A sign asks interested parties to leave their details with store management.

South Africa’s economy remains stuck in its longest downward phase since World War II and hasn’t grown by more than 3% annually since 2012

Every South African motorist and the taxi, bus and trucking sectors will be hard hit if additional duties are imposed on imported tyres.

Volkswagen South Africa has achieved another milestone at its motor vehicle manufacturing plant in Kariega by reaching the half-million mark in production of the VW Polo at the facility. The Kariega plant has been building the current Polo since 2018 which it sells locally and also exports to 38 countries.