Sanlam in big buy-out and delisting deal for Santam
Santam’s independent board has unanimously backed the deal and will recommend that shareholders vote in favour.
South Africa fuel prices head to record high after oil shock
The 12% increase lifts the price at the pump to R30.25 per litre, the highest on record.
Sasol tops EM peers on oil-from-coal bonanza
Sasol has handed investors dollar a return of almost 120% this year, building on last year’s 45% gain and putting it on track for its best annual performance since at least 1991.
Diesel surge threatens inflation, interest rates and consumer spending
‘We know that the Sarb increased interest rates in September. If this were to continue, another hike wouldn't be out of the question,’ says Tracey-Lee Solomon of the Bureau for Economic Research.
Ipic Properties acquires 16 Country Hotels
The acquisition adds 638 rooms across hospitality properties.
Transnet Pipelines seeks private operators for five fuel depots
The long-term leases cover facilities in the Free State, KZN and Mpumalanga, with bids due by 4 December.
Richest 1% own more than half of SA’s wealth: Oxfam
How R30/l petrol will hit food, fares and inflation. The missing piece in Ramaphosa’s GBV plan. And why employees across the income spectrum are leaving their jobs because of financial stress.
Ex-Anthropic researcher Coxon to appear at NYC hearing on AI
The hearing will put some of the industry’s most vocal critics in the same room as representatives of Anthropic, OpenAI, Alphabet’s Google and Meta Platforms.
Global oil supply buffer running ‘scarily thin,’ Aramco ceo says
Putting markets at risk of worsening unless the Strait of Hormuz reopens.
AA calls for testing of chemical found in contaminated petrol in 2024
Petro SA is in costly litigation with Nako Energy who sold it the fuel in 2024 and is trying to liquidate the state-owned gas company