MTN says the current poor economic activity in South Africa has put pressure on its financial performance.
Statistics South Africa says manufacturing production decreased by 3.2% in June compared to the same time last year.
The South African Society of Bank Officials has accused major banks of failing to allow a facilitator from the CCMA to mediate following consultations on retrenchments.
The SARB Governor Lesetja Kganyago says he will fight to protect the central bank’s independence if it is jeopardised by plans to bring it into public ownership.
It has emerged that former Eskom CEO Brian Molefe will have to pay court costs as well as the R10 million in pension fund monies he received from the power utility.
The rand has weakened by around 3.3% to the US dollar in August alone on the back of escalating trade tensions between the US and China.
South Africans need to have a proper financial plan that will help them retire comfortably.
Trade union Solidarity says it will make sure that former Eskom CEO Brian Molefe pays back the 10 million rand in pension pay out money that he received.
South Africa continues to struggle with depressed business confidence levels.
Peter Moyo has not been allowed to resume his duties as Old Mutual CEO after the company applied for leave to appeal last week's court ruling.
Workers in the wholesale and retail sector have been given a 4.5% salary increase backdated to August 2.
The UN Convention on International Settlement Agreements Resulting from Mediation, its official title, was signed in Singapore by 46 UN members, including the United States and China.
South Africa's state power utility Eskom urgently needs a turnaround plan as its capital structure is unsustainable, credit ratings agency Moody's said on Tuesday in a report which sent the rand to a two-month low.
Several elements of the financial sector reform process must still be implemented.
Motorists will have to fork out 11 cents more for a litre of petrol from midnight Tuesday.
Eskom says it has not received any notices of a planned strike by employees. This after reports surfaced on Monday suggesting that South Africa could be plunged into darkness once again due to a possible strike.
The rand is trading at R14.82 to the dollar, R18.08 to pound sterling and R16.60 to the euro.
United States luxury department store chain, Barneys New York Inc, filed for Chapter 11 bankruptcy on Tuesday and put itself up for sale after facing soaring rents and failing in its earlier attempts to find a buyer for the cash-strapped retailer.
South Africa’s rand slipped to seven-week lows against the dollar on Monday, as prospects of a sharp escalation in the U.S.-China trade war turned investors risk-averse.
Amazon.com Inc Chief Executive Officer Jeff Bezos offloaded $990 million worth of shares in the company last week.
China let the yuan weaken past the key 7-per-dollar level on Monday for the first time in more than a decade and later said it would stop buying US agricultural products, inflaming a worsening trade war with the United States.
The Congress of South African Trade Unions (Cosatu) says they are concerned that if urgent action is not taken, unemployment in the country will continue to escalate
The City of Tshwane says it has incurred an estimated R500 million loss in costs due to last week's unprotected strike by its employees.
The chairperson of Transnet Dr. Popo Molefe says he's waiting for those who have embarked on a smear campaign to discredit the on-going anti-corruption drive at the state-owned enterprise to put what they've been saying to the test.
Congress of South African Trade Unions’ first deputy president Mike Shingange says they are concerned that if urgent action is not taken, unemployment in the country will continue to escalate.
Asian equity markets dropped to a six-month low on Monday while gold prices climbed as investors sought safe-haven assets.
Asian shares slid to 6-1/2-month lows on Monday and the yuan slumped to a more than decade trough as a rapid escalation in the Sino-US trade war sent investors stampeding to traditional safe harbors including the yen, bonds and gold.
SACP General Secretary Blade Nzimande says they reject the notion that the economy has been suffering since President Cyril Ramaphosa took the reigns.
Quarterly reports next week from Walt Disney Co, CBS and Viacom will likely highlight increasing competition in video streaming and could spark volatility in the so-called communication services sector, which has outperformed since it was overhauled last year.
The Eastern Cape government wants President Cyril Ramaphosa to establish an advisory committee to look into the possible commercialisation of the cannabis industry.