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

Time running out for SA: Citizen

moodys investor service

The recent credit ratings announcement by Moody’s Investor Service (Moody’s), to maintain South Africa’s Baa2 rating (two above junk) with a negative outlook, has been widely lauded by the Presidency as a sign of the efforts of ‘‘Team South Africa’’. While the vote of confidence by Moody’s is welcome, there …

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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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Gautrain could get a new tunnel

The Gauteng Management Agency (GMA) has to take hard decisions in the next few months on ways to curb excessive water ingress in a part of the train tunnel that could cost billions and see it impact plans to build another tunnel. Unless a court ruling indicates a different direction …

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