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...

Oakbay distances itself from government deals

Oakbay Investments on Thursday announced its maiden annual results‚ trumpeting a growth in private sector contracts and stating only 8.9% of revenue came from...

Delays in upgrade cloud SA quest for cleaner fuel

Future demand for cleaner fuels would justify building a new refinery and upgrading existing ones‚ deputy director-general of petroleum and petroleum product regulation in...

Best game Eastern Cape has to offer goes on special auction

Exceptional Eastern Cape genetics will be on show when a new, and very exclusive game auction takes place in Kirkwood later this month. Prime game...

Border Chamber to host global town planning guru

The maritime economy of Buffalo City comes into exciting focus when the Border-Kei Chamber of Business (BKCOB) hosts a two-day Eastern Cape Maritime Summit...

Traders sit on their hands as JSE awaits US jobs data

The JSE moved between slight gains and slight losses early on Tuesday afternoon‚ with traders finding little impetus to steer the market in either...

JSE opens flat as banks recover from Gordhan fallout

THE JSE opened flat in early morning trade on Thursday as banks and financials recovered after a torrid session on Wednesday. Banks were under pressure...

Pillay presents himself at Hawks HQ over ‘Sars Wars’ probe

Protesters under the banner of Right2Know have gathered outside the Hawks headquarters in Pretoria as the war against Finance Minister Pravin Gordhan became “hot”. For...

Rand extends sharp overnight losses on fear that Gordhan will be arrested

The rand slid against the dollar on Wednesday morning‚ extending its sharp overnight losses after the Treasury confirmed the receipt of a letter from...

No more sweet talking

The beverage industry has launched a full-scale assault on the planned sugar tax and yesterday gathered with township residents in Alexandra to detail the...

Eskom tariff hike ruling a big victory

Uncertainty hangs over electricity tariffs after a court on Tuesday set aside a decision by the National Energy Regulator of SA (Nersa) to grant...

Reserve Bank fines GBS R500000 for Fica lapses

Grahamstown-headquartered bank GBS Mutual has been slapped with a R500000 fine after the SA Reserve Bank (SARB) found “weaknesses” in its controls intended to...

Business link key to success

The rand firmed following last week’s peaceful local government elections, a sign of global satisfaction with the state of democracy in South Africa. And...

Drop in global food prices brings relief for SA

Global food prices fell modestly in July, after increasing for five consecutive months.  A United Nations Food and Agriculture Organisation (FAO) food price index released...

SAA bleeding money

South African Airways (SAA) is continuing to bleed money and made a net loss of R1.38-billion in the first quarter of the new financial...

Insurers count cost of stormy weather

Short-term insurers returned from their annual conference at Sun City on Wednesday to a mountain of paperwork. All insurers have seen a spike in claims...

SAA almost out of cash

Mired in a procurement scandal, SA Airways has almost eaten away the financial cushion it had from national Treasury.  The cash-strapped airline has only R99-million...

Oakbay faces possible JSE suspension for failing to find a sponsor

Gupta-owned Oakbay Resources and Energy faces the possible suspension of its JSE listing for failing to find a JSE sponsor willing to replace Sasfin...

Rebosis credit ratings confirmed

Rebosis Property Fund, owners of Hemingways mall, Mdantsane City and BT Ngebs mall in Mthatha, has had its credit ratings confirmed, reflecting market appreciation...

Global economies challenged

By DDR The winds of change – from the growth in anti- establishment movements to ageing populations – are causing red flags to flutter for...

New entry challenges aircraft supremos

By TIM HEPHER and VICTORIA BRYAN The aerospace industry is preparing to celebrate major milestones at the Farnborough Airshow today as Boeing turns 100 and...