Business 4.9.2018 09:07 am

SA ready to do business with Peru

Two-way bilateral trade between South Africa and Peru has grown from just over R800 million in 2016 to almost R1.5 billion.

South Africa is ready to do business with Peru, the department of trade and industry said at an investment seminar marking the start of a mission to help local companies look for opportunities in the South American country.

SA ready to do business with Peru
SA ready to do business with Peru

SA ready to do business with Peru

Two-way bilateral trade between South Africa and Peru has grown from just over R800 million in 2016 to almost R1.5 billion.

Petrol price unexpectedly kept down due to government intervention
Business

Petrol price unexpectedly kept down due to government intervention

Energy Minister Jeff Radebe has stepped in to give consumers at least one month of relief at the pumps, with the retail margin going up by only 5c.
Investec Property to develop R2bn mixed-use precinct at Wanderers Golf Club
Business

Investec Property to develop R2bn mixed-use precinct at Wanderers Golf Club

The proposed development will include high-end office space, luxury residential apartments, bespoke retail outlets and artisanal eateries.
R14bn deal between SA and China will enable economic growth – Presidency
Business

R14bn deal between SA and China will enable economic growth – Presidency

President Cyril Ramaphosa is set to serve as co-chair of a two-day Forum on China-Africa Cooperation (Focac) summit in Beijing from Monday.
Absa, Standard Bank grilled over home repo practices
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Absa, Standard Bank grilled over home repo practices

Banks arrive in court without proper paperwork and expect to be given judgments against clients.
Ramaphosa reassures Chinese about land expropriation
Business

Ramaphosa reassures Chinese about land expropriation

The president appears to believe that fears around the changing of the constitution are subsiding.
SA wins best exhibitor award at Mozambique international trade fair
Business

SA wins best exhibitor award at Mozambique international trade fair

FACIM is Mozambique’s biggest annual fair, attracting the attention of companies from Africa, Asia, and Europe.
Zimbabwe’s Mazowe gold mine to retrench hundreds of employees
Africa

Zimbabwe’s Mazowe gold mine to retrench hundreds of employees

The company has faced allegations that it’s been moving the money it’s making out of the country and so lacks working capital.
MTN affair casts shadow over Nigeria economy – analysts
Africa

MTN affair casts shadow over Nigeria economy – analysts

The game of African billions may have gone too far.
Why women are the world’s most powerful purchasers
Business

Why women are the world’s most powerful purchasers

Even though a woman isn’t buying something herself, she’ll influence the purchasing decision of someone else.
10 tips to spring clean your budget
Business

10 tips to spring clean your budget

If the last time you reviewed your budget was in January, consider the significant changes that have taken place since then.
Geoffrey Qhena quits as IDC chief executive
Business

Geoffrey Qhena quits as IDC chief executive

Qhena has agreed to stay until 31 December to ensure a smooth transition while the IDC searches for a new CEO.
Rand feels the pressure as Turkish lira, Argentina’s peso tumble
Business

Rand feels the pressure as Turkish lira, Argentina’s peso tumble

The currencies of countries saddled with wide current account deficits, such as the rand were among the hardest hit.
SA’s entrepreneurs are not thriving, survey reveals
Business

SA’s entrepreneurs are not thriving, survey reveals

The survey found that the number of women entrepreneurs continues to grow slowly but opportunities are mostly for men and youth-owned businesses. 
Banks warn against ‘radical’ proposals on land expropriation
Business

Banks warn against ‘radical’ proposals on land expropriation

Bad expropriation execution could be dire for commercial banks.
MTN denies claims it owes a R117 billion refund
Business

MTN denies claims it owes a R117 billion refund

The company says findings from an enquiry by the Senate of Nigeria showed that MTN did not collude to contravene foreign exchange laws.
Genetics company DNAFit receives UK Board of Trade Award
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Genetics company DNAFit receives UK Board of Trade Award

This was the first time such an award was given outside of the United Kingdom,
Denel forecasting ‘not a very positive year’
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Denel forecasting ‘not a very positive year’

The state-owned company was briefing MPs on progress made in addressing governance challenges.
Eskom gives up debt to equity conversion plan – Mabuza
Business

Eskom gives up debt to equity conversion plan – Mabuza

Eskom has debt of R388 billion and is unable to service its debt costs from its revenue, ‘but is not defaulting on any of its debt’.
eTV, eNCA CEO Andre van der Veen resigns
Business

eTV, eNCA CEO Andre van der Veen resigns

Van der Veen’a deputy Khalik Sherrif has been appointed to the position of chief executive officer.
Musk won’t be taking Tesla private after all
Business

Musk won’t be taking Tesla private after all

The Tesla CEO has done an about turn, announcing that the company will continue to trade publicly.
SA Companies to expand into South America
Business

SA Companies to expand into South America

South African companies are expected to participate in an outward selling mission in the capital Lima next month
SA Reserve Bank’s ‘independence must be jealously guarded’
Business

SA Reserve Bank’s ‘independence must be jealously guarded’

Calls for the bank’s nationalisation ‘creates a bad narrative that are anti-business and anti-investment, and gives an impression of bad governance.’
Inflation increased for the third successive month, rises to 5.1%
Business

Inflation increased for the third successive month, rises to 5.1%

Stats SA says this month’s figure is the highest annual inflation rate since September 2017.
Prepare for the future
Business

Prepare for the future

The next generation of communications tech, 5G, will slot neatly into the roadmap.

 

 

 

 

 

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