Business

B20 SOUTH AFRICA URGES GLOBAL COLLABORATION TO UNLOCK FINANCE, TRADE AND GOVERNANCE FOR INCLUSIVE GROWTH

B20 South Africa on Tuesday highlighted the critical need for global cooperation as geopolitical fragmentation threatens to derail progress on pressing economic challenges. At a high-level briefing, business leaders and select task force chairs presented emerging policy recommendations aimed at fostering inclusive growth, combating corruption and closing Africa’s infrastructure funding gap ahead of their official…

POWER SYSTEM REMAINS STABLE: TO FURTHER STRENGTHEN GRID RELIABILITY, ESKOM PLANS TO RESTORE 2 730MW OF GENERATION CAPACITY IN PREPARATION FOR THE COMING WEEK

Collen Hans1 year ago1 year ago07 mins

The power system remains stable and continues to demonstrate resilience in response to increased electricity demand. While occasional system constraints are experienced and managed, sufficient emergency reserves are in place and are strategically deployed to support demand during morning and evening peak periods. To further enhance grid stability, Eskom plans to return a total of…

MEC MAMABOLO URGES ACTION AGAINST CONSTRUCTION MAFIAS IN GAUTENG

Collen Hans1 year ago1 year ago03 mins

Tiisetso Ngoedi The MEC for Infrastructure Development and Cooperative Governance and Traditional Affairs (CoGTA), Jacob Mamabolo, has issued a firm condemnation of so-called “construction mafias” armed criminal groups disrupting key infrastructure projects in Gauteng. Speaking during an interview on SABC Morning Live, Mamabolo revealed how these syndicates pose as local business forums, using threats and violence…

STANDARD BANK WINS IMPRESSIVE 10 AWARDS AT EMEA FINANCE AFRICA BANKING AWARDS

Collen Hans1 year ago02 mins

Standard Bank, the biggest bank in Africa by assets, has won an impressive 10 awards at the 17th annual edition of the EMEA (Europe, Middle East and Africa) Finance Magazine Africa Banking Awards. The EMEA Finance Magazine Achievement Awards were recently held in London. Award winners are nominated by banks and their clients and chosen by the…

IN VOLATILE TIMES, GOLD IS WORTH ITS WEIGHT AS PART OF A DIVERSIFIED PORTFOLIO

Collen Hans1 year ago1 year ago07 mins

Gold has always held a unique place in the global financial system. It doesn’t generate income or pay dividends, but when inflation spikes, markets turn volatile or currencies weaken, gold can almost always be relied on to buck the trend and rise to the occasion. In 2025, this pattern has been repeating itself. Gold has…

HILTON TO TRIPPLE ITS PRESENCE IN AFRICA TO MORE THAN 160 HOTELS

Collen Hans1 year ago1 year ago020 mins

Coinciding with Future Hospitality Summit Africa 2025, Hilton (NYSE: HLT) today announced plans to almost triple its presence in Africa to more than 160 hotels trading in the coming years. Across its portfolio of market-leading brands, Hilton expects to open more than 100 hotels on the continent, supporting Africa’s burgeoning hospitality sector and creating approximately…

FIVE WAYS TO OUTSMART AI SCAMMERS THIS YOUTH MONTH

Collen Hans1 year ago1 year ago06 mins

Artificial Intelligence (AI) is everywhere. And, as much as it’s changing the world in cool ways like music, art, gaming and technological advancements, scammers are using it too, to attempt to defraud you. With South Africans of all ages spending hours online, staying alert to AI-driven fraud has become increasingly important. “Fraudsters are becoming more sophisticated, and…

SASOL APPOINTS NEW EXECUTIVE VICE PRESIDENT FOR MINING

Collen Hans1 year ago02 mins

Sasol has appointed Sandile Siyaya as Executive Vice President: Mining, with effect from 1 September 2025, with the retirement of Hermann Wenhold, EVP: Mining, SHE and Risk. Sandile has spent most of his career at Sasol having been awarded a Sasol bursary to study Mining Engineering. He joined Sasol Mining in 2007 as an EIT…

SASOL APPOINTS EXECUTIVE VICE PRESIDENT: SHE, RISK AND CORPORATE AFFAIRS

Collen Hans1 year ago03 mins

Sasol has announced the appointment of Thabile Makgala as Executive Vice President (EVP): People, SHE, Risk and Corporate Affairs. She joins Sasol on 1 October 2025. An Inspirational Women in Mining and Harvard Business School alumni, Thabile will join Sasol from Rio Tinto, where she currently serves as the Vice President for Health, Safety, Environment,…

JOSHCO STREAMLINES HOUSING APPLICATIONS WITH NEW DIGITAL PROCESS

Collen Hans1 year ago03 mins

Daisy Lesenyego The Johannesburg Social Housing Company (JOSHCO) has launched a new Digital Application Process to streamline applications for affordable rental housing, enhance security, and combat fraud. This innovative system aims to guide residents through a transparent application journey, ensuring clarity and preventing misinformation. Central to the new process is a QR code-based pre-screening registration, serving as the…