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Get the latest Business and Financial news in South Africa as it happens.

Gas imports to increase this winter

Gas imports to increase this winter

South Africa’s African Oxygen Limited (Afrox) on Thursday said that it had signed “an import agreement” with Petredec Limited and Bidvest Tank Terminals to ensure security of supply of liquefied petroleum gas (LPG) for its customers in South Africa. Petredec Limited is one of the largest global LPG traders while …

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Afrox signs deal to increase LPG imports

South Africa’s African Oxygen Limited (Afrox) on Thursday said that it had signed “an import agreement” with Petredec Limited and Bidvest Tank Terminals to ensure security of supply of liquefied petroleum gas (LPG) for its customers in South Africa. Petredec Limited is one of the largest global LPG traders while …

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Unemployment rate rises by 2.2%

The rate of unemployment increased by by 2.2 percent or 355,000 people in the first quarter of this year compared to the the last three months of 2015, Stats South Africa (Stats SA) said during the release of the Quarterly Labour Force Survey on Monday. Stats SA said this resulted …

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Barclays sells percentage shares for R13bill

barclays africa

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 each via an accelerated bookbuild placing, which was announced on Wednesday. Barclays Plc still holds …

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Capitec bank faces legal action

capitec bank

Capitec Bank is facing legal action. The lender has been accused of reckless lending by Summit Financial Partners. The company says Capitec charges an initiation fee for every time a customer renews a loan, which it says is unlawful. And it claims the bank does not conduct an affordability assessment …

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Breakaway unions pay for jobs campaign

Breakaway unions pay for jobs campaign

Unions who’ve broken away from Cosatu have launched a jobs campaign to address unemployment. Fifty unions held a Workers’ Day rally in Tembisa. Representing a million people, they’ve agreed to form an independent federation. #MayDay celebration – with no state or corporate sponsors! Paid for by unions themselves pic.twitter.com/Lpm9i8YYxD — …

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