Business In The News South Africa

EFF urges SA to stop relying on foreign investment after GM’s exit

JOHANNESBURG, May 19 –After the announcement by General Motors (GM SA) that they will be pulling out of the South African market, the Economic Freedom Fighters (EFF) said on Friday that GM’s decision to exit South African market called for a permanent solution, to build a domestic automotive industry as it would lead to loss of thousands of jobs. […]

Business In The News South Africa

Change of leadership of FNB Stadium ‘will impact service delivery’

Sello Theletsane The resolution by the Gauteng Department of Sports, Recreation, Arts and Culture (SRAC) to take over the administration of the FNB Stadium will have negative consequences on service delivery, the DA said in a statement on Thursday. “The current management bond of FNB Stadium has saved the public R492 000.00, since its investiture and has brought in subordinate economic opportunities […]

Business South Africa

Business incubator hub to be launched in Braamfontein

JOHANNESBURG, May 18 – The Gauteng Provincial Government will on Friday the launch of a digital hub at the Tshimologong Precinct in Braamfontein in Johannesburg, aimed at assisting start-up businesses and to foster entrepreneurship. Lebogang Maile, the Gauteng MEC for the Department of Economic Development, Environment, Agriculture and Rural Development and MEC of Gauteng Finance […]

Business In The News International

Asian stocks slide as Trump troubles rattle investors

HONG KONG (AP) — Asian stock benchmarks skidded lower Thursday following Wall Street’s worst day in months as Washington’s political chaos made investors more nervous about risky assets and the outlook for President Donald Trump’s business-friendly proposals. KEEPING SCORE: Japan’s benchmark Nikkei 225 index slid 1.7 percent to 19,479.84 and South Korea’s Kospi lost 0.7 […]

Business In The News South Africa

Central Rand Gold ends strike after seeing eye to eye with workers to pay 13th cheque

JOHANNESBURG, May 17 – Central Rand Gold (CRG) said on Wednesday it has reached agreement with union representatives to end the 11-day industrial action following “robust negotiations”. This comes after workers embarked on a strike at CRG on 6 May after wage negotiations collapsed and prompted the Commission for Conciliation, Mediation and Arbitration (CCMA) to […]