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

New Durban floating dock launched

Trade and Industry Minister Rob Davies has launched a more than R290 million composite floating dock at the Dormac ship-repair facility in the Port of Durban, the trade and industry department (dti) said on Sunday. The project would created more than 300 jobs, the dti said in a statement. Speaking …

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Woolies to spend up to R2.1bn on Sydney superstore

Woolworths on Monday outlined plans to spend up to R2.1 billion on a “world-class” 39,000 sq m department store on 11 levels for its Australian subsidiary David Jones. The South African retail group said it had sold its Market Street property in Sydney to Australia’s Scentre Group for A$360 million …

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Eskom warns public of a bank scam

Eskom on Friday warned the public about a scam where criminals were pretending to be the utility’s representatives, claiming that Eskom had changed its banking account to Nedbank and subsequently providing those banking details. “The fraudsters use letters, faxes and emails bearing the Eskom logo and the forged signature of …

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Restructuring boosts Afrox by up to 109%

African Oxygen (Afrox) said on Tuesday that it expected headline earnings per share for the six months to the end of June to be up to 109 percent higher than the comparable period last year. A statement from the company that provides welding, cutting and gas products and services in …

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2 appear in court for municipal fraud, corruption

Two people appeared in the East London Magistrate’s Court on Friday, in connection with the fraud and corruption case involving the Executive Mayor of the Amathole District Municipality Nomasikizi Konza, the Directorate for Priority Crime Investigation (Hawks) said. Hawks spokesperson Captain Anelisa Feni said, Anitha Rulashe, 28, was arrested for …

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Vodacom adds one million South African customers

Vodacom has managed to increase its revenue by 5.8 percent to R19 billion in the first three months ended June as it added 1 million more South African customers to its network. In the three months between March and June, Vodacom’s South African operations delivered strong active customer growth, up …

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Gauteng hosts Planning Africa Conference 2016

Planning Africa Conference

JOHANNESBURG – The Gauteng city region, in partnership with the South African Planning Institute (SAPI), will host the 7th Planning Africa Conference at the Sandton Convention Centre in Johannesburg from Monday to Wednesday. The SAPI is a voluntary organisation of professional planners established in 1996. “The organisation promotes urban and …

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SA guaranteed access to AGOA until 2025

AGOA

South Africa has been guaranteed access to the US African Growth and Opportunity Act (AGOA) until 2025, the department of trade and industry (DTI) said on Thursday. The department’s spokesperson Sidwell Medupe said the country had resolved all of the issues regarding beef, poultry, and pork, “thus paving a way …

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‘Bullies’ SAA/Mango being probed

saa mango

The relationship between South African Airways (SAA) and its low-cost subsidiary Mango will be the focus of an investigation by the Competition Commission, following a recent SAA “own goal”. The Commission confirmed it would be investigating a complaint by the Democratic Alliance following a statement by SAA that Mango’s financial …

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