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Monday, September 23, 2019

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Investor oil fears weaken rand

The rand weakened against the dollar early on Wednesday according to Reuters. This as a result of the falling global oil prices, that again dropped 10% in this week so far,...

City moves to make Table Mountain more affordable to locals

The City Of Cape Town and Table Mountain Cableway announced on Monday that they will be working in collaboration to ensure Table Mountain becomes more accessible to a greater number of...

SA Breweries/AB inBev invests R438m in their new production line at PE

The new line has created jobs for 14 people, mostly women, and another 40 people are expected to get jobs when it operates at full capacity. South African Breweries (SAB) and AB...

New low-cost overhead crane launched

Konecranes recently launched a new economically-priced overhead crane, the CXT UNO. Developed to give small and medium-sized SMEs in southern Africa access to Konecranes’ proven technology, the CXT UNO is based...

South Africa moves out of recession

StatsSA has published the latest GDP data for South Africa, showing that the country’s economy grew by 2.2% in the three months through September compared with a revised 0.4% contraction in...

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Steinhoff has been fined R53 million for misleading markets

South Africa’s market regulator has fined retailer Steinhoff a record 53 million rand ($3.6 million) for making “false, misleading or deceptive statements” to the...

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