Local bus manufacturing could add billions to SA’s economy
‘There's a massive opportunity on the table. South Africa does already build world-class bus bodies,’ says Irshaad Kathrada, CEO of the Localisation Support Fund.
IBM shares fall as results fail to offset broader tech worries
IBM’s quarterly sales rose 5% to $17.1bn, beating analyst estimates, while consulting revenue fell short of expectations.
Meta reports $825bn in future spending commitments
The commitments include $355.7bn in future lease obligations and $454.5bn in non-cancellable contracts.
Four months in: Is SA’s new lottery operator delivering?
Building buses at home could add R1bn to GDP. The economic stakes of South Africa’s local government elections. And can SA turn its biotech talent into global treatments?
Godongwana takes aim at the Constitution for holding back growth
The finance minister says regulatory framework creates growth challenges.
Barclays to cut 5 000 jobs in AI-fueled push to lower costs
The bank plans to complete the job cuts by year-end, with about 60% affecting support functions, as third-quarter fixed-income trading revenue fell 19% to $1.4bn.
SA moves to bring offshore fund management back home
The proposed framework would let approved asset managers oversee qualifying foreign portfolios from South Africa, where an estimated R10trn in local savings is currently managed offshore.
Famous Brands navigates tough trading conditions despite some product price decreases
‘We prefer it when people are kind of time-poor, cash-rich – and then you're part of the eating segment’: CEO Darren Hele.
Clicks crosses R50bn turnover mark, but real growth stays thin
The retailer is leaning on promotions, its ClubCard loyalty programme and new stores to keep momentum in a tough consumer market.
Afrimat earnings plunge in worst half since 2006 listing
With a headline loss per share of 58 cents per share, a steep decline of nearly 157%.