Mthatha park project to boost jobs

The first phase of the Vulindlela Industrial Park was launched this week following a R22-million upgrade of the park’s infrastructure in Mthatha. The move is...

Molefe didn’t resign – he retired‚ says Eskom

Former Eskom chief executive Brian Molefe did not resign but asked for an early retirement package after less than two years at the helm...

Irate Kuga owners still await answers as probe deepens into Ford

Ford Kuga fire victims are furious with the National Consumer Commission over the silence around its investigation into the global car manufacturer. But‚ says the...

Rand weakens as US confirms business tax rate drop to 15%

The rand lost more than 20c in late afternoon trade on Wednesday after the dollar gained on speculation US President Donald Trump’s expected tax...

Top Transnet post for port boss – Chamber lauds Brown’s hardwork

Jacqueline Brown, the East London port manager, is leaving the city to take up a Transnet head office position in Johannesburg, the port’s spokesman,...

Uncertainty over radical economic transformation ‘slow poison’ for investor confidence

Recent changes in government policy are driving a sharp decline in uncertainty among investors‚ an index published by North West University (NWU) shows. The NWU...

SA to get world’s first biometric credit cards

South Africans will be the first in the world to use biometric credit cards. Mastercard will introduce the technology by the end of the year‚...

Petrol prices expected to spike next month

Fuel price hikes will be the first major expense to hit South Africans in the wake of a weaker rand‚ the Automobile Association of...

Banks downgraded but not to worry

Standard & Poor’s yesterday downgraded its ratings for seven local banks to junk status following its decision to rate the country’s foreign debt as...

SA’s sovereign credit rating downgraded to junk status

S&P Global Ratings cut South Africa’s sovereign credit rating to junk status on Monday following an emergency meeting over the weekend. The ratings agency decided...

Bonds weaken as the rand loses 30c against the dollar

The South African bond market was weaker at midday on Monday after the rand lost 30c against the dollar in choppy trade. Bonds yields have...

BCM gets high marks in the financial stakes

They may be in and out of court over business shenanigans and caught in the middle of bizarre council faction fights, but this week...

On the drive for changing the future

Black entrepreneurs who joined a predominantly white business network franchise in East London on Thursday night said they needed to move on and do...

SARS has not yet paid almost R20bn worth of VAT refunds

The total value of VAT refunds‚ which had not been refunded by the South African Revenue Service (SARS) by end-February amounted to R19.6bn of...

R69m CitiBank ‘collusion’ settlement under the spotlight

The Competition Commission on Wednesday failed to disclose the percentage of its turnover the company will be paying as a fine. This happened at a...

Top EL company enters mageu drinks market

A leading Eastern Cape dairy is spending R10-million on getting into the traditional maize drinks market. Sundale Free Range Dairy, based in the East London Industrial...

Small decrease in grocery prices

In the wake of Finance Minister Pravin Gordhan’s budget speech last week in which he introduced new tax measures that target the rich and...

Ford extends warranty of ‘inf(l)amous’ Kuga by two years

In a bid to reassure and compensate Kuga owners and off-set the plummeting value of the inf(l)amous SUV‚ Ford South Africa has extended its...

BUDGET 2017: Bittersweet reaction to Gordhan’s remarks on sugar tax

Finance Minister Pravin Gordhan’s promises to have further consultations before the sugar tax is implemented has industry delighted. At the same time the reduction in...

Budget 2017: Overburdening wealthy South Africans could hurt economy – Seeff

The growing tax burden for the wealthy is a concern‚ says businessman Samuel Seeff. “While the increase in taxation of the wealthy in the form...

Pushing for tenders

Eastern Cape business sector is taking Premier Phumulo Masualle’s ambitious policy which will enforce that at least 30% of government tenders be given to...

‘Fix my empty wallet’: SA delivers Budget tweets to Gordhan

Minister of Finance Pravin Gordhan will deliver his highly anticipated Budget speech in Parliament on Wednesday. South Africans wasted no time in sharing their...

Relief for consumers on cards

Slight relief for consumers is on the cards as the effects of the drought are starting to improve. While maize meal prices increased sharply from...

Get lost‚ EFF tells banks accused of rand price fixing

The Economic Freedom Fighters has called for 17 banks involved in alleged price manipulation of the rand to be stripped of their licences. The party...

Fear of cabinet reshuffle outweighs firming on JSE in precious metals shares

The JSE drifted lower on Tuesday on fears that President Jacob Zuma’s state of the nation address would be a prelude to a cabinet...

Kuga owners claim they were told by dealers Resall Jimmy’s death was a suicide

Kuga owners claim staff at dealerships that they take their cars to for the safety recall have told them that Reshall Jimmy’s death in...

Ford Kuga sales drop by 50%

Ford Kuga SA sales plummeted by 50% in January compared to the previous month as consumer outrage grew over continuing reports of the family...

Pravin Gordhan rebuffs Black Land First over Bankorp court action

Finance Minister Pravin Gordhan has hit out at pressure group‚ Black Land First (BLF)‚ which lodged a court application to force him to comply...

What Ford SA should have done

Ford SA has suffered huge damage to its reputation thanks to its poor handling of the crisis involving some of its Kuga cars. The global...

WATCH: ANCYL storm Absa branch in Durban CBD

Protesting ANC Youth League members stormed into an Absa branch in Durban on Thursday‚ demanding that the bank pay back the money. About 150 Youth...

Reserve Bank leaves repo rate unchanged AT 7%

The Reserve Bank held interest rates steady‚ as widely expected‚ on Tuesday‚ at the monetary policy committee’s first meeting of the year. While economists have...

More than 2000 Kugas taken in since recall announced

Just two days after the Kuga recall by Ford SA‚ more than 2000 SUVs have been taken in to dealerships across the country. Ford SA...

Arno on drive into Merc post

Arno van der Merwe, East London’s surfing son who became the city’s top automobile manufacturing executive, is to run the largest Mercedes-Benz passenger car...

Stores expect sober spending

Black Friday sales triggered holiday shopping frenzies last week, but mall managers predict prudent shoppers will spend more on essentials than luxury items this...

Way to go, Nedbank

A courtyard concept, which doubles entrance space to the new Nedbank building in Beacon Bay, East London, helped Misty Mountain win the title of 2016...

FlySafair still wants to buy loss-making Mango

Mango Airlines’ net loss of almost R37-million hasn’t deterred FlySafair from wanting to buy the South African Airways-owned carrier. “Mango’s fleet and operating model is...

Big maritime drive

A maritime cluster for Buffalo City Metro is close to being formally set up. This emerged on the second day of last week’s successful...

R150m golf estate launch: Pair to build eco-friendly Olivewood

Two hundred prospective home buyers attended the launch of the magnificent R150-million 1000-hectare Olivewood housing and golf estate in the hills overlooking Chintsa on...

Universities and students are the biggest winners in Pravin Gordhan’s medium-term budget

Universities and students will receive an additional R17-billion over the next three years‚ making them the biggest winner in Wednesday’s medium-term budget policy statement. The...

Growth in sub-Saharan Africa to slow to 20-year low‚ says IMF

Growth in sub-Saharan Africa will slow to its lowest level in more than 20 years‚ due to lower commodity prices and a generally less...

Schools should book slot at maritime career exhibition

Maritime careers in Buffalo City Metro are to be promoted at the first Eastern Cape Maritime Summit in East London at Hemingways later this...

Maritime cluster to form in BCM

There are smart jobs and money to be made in gathering into one adventurous cluster, all East London businesses involved in the ocean economy. So...

Step closer to big savings

The energy-saving business is gaining momentum in East London with the Border-Kei Chamber of Business introducing a new roleplayer. Port Elizabeth-based Rhino Lighting and their national...

Cape Town tops the country in manufacturing

The City of Cape Town topped the country in the income produced by the manufacturing sector ahead of Ekurhuleni and Johannesburg. This was contained the...

JSE retreats as world markets weaken

The JSE was down sharply at midday on Monday in line with world markets as investors entered the last stretch of a poor month...

Edcon sees in-store credit as salvation

Tasked with turning around South African retailer Edcon, which had been on the verge of collapse just a few months ago, its management thinks...

SAA up for a grilling – DA, party set on getting answers

South African Airways chairperson Dudu Myeni can expect a grilling when the SAA board and executive appear before Parliament’s standing committee on finance on...

Indonesia’s eyes on Border

Two important Eastern Cape business entities put on separate roadshows on Wednesday. Coega Development Corporation called the Daily Dispatch to explain why their zone was the...

Moody’s decision shows Jacob Zuma is a disaster‚ says Sipho Pityana

Business leader Sipho Pityana says the decision by credit ratings agency Moody’s to place several state-owned enterprises on review is further evidence of President...

War of words over Zuma call

Tensions within business‚ sparked by differences over the future of President Jacob Zuma‚ flared on Tuesday‚ with prominent ANC and business figure Sipho Pityana...