Petra Diamonds boosts cash flow despite revenue slump

BR Reporter|Published

Petra Diamonds has reported a rise in cash flow from operations for the interim period to December, despite a significant 30% dip in revenues in a challenging operating ...

Two additional people arrested in connection with Steinhoff fraud

BR Reporter|Published

The suspects, who have not been named as they have yet to be charged, are appearing on charges of Contravention of the Prevention of Organised Crime Act, Contravention ...

PepsiCo's Bašumi Trust Delivers R28. 6m dividend to 10000 B-BBEE beneficiaries

BR Reporter|Published

This latest disbursement amounts to R28. 6 million, bringing total payments since the Trust's inception to nearly R80 million, it said in a statement on Monday. ...

PwC Investigation: Steinhoff booked R6. 4bn in revenue for a sale that never happened

BR Reporter|Published

In the 7,000-page PwC report into the wrongdoings at the company, which was officially liquidated on October 13, 2023, the consultancy firm details several accounting ...

NUM slams Petra Diamonds’ plan to cut 200 jobs amid industry slump

BR Reporter|Published

The National Union of Mineworkers has strongly opposed Petra Diamonds’ plan to retrench 200 employees from its Cullinan and Finsch mines, citing economic hardship, ...

Northern Cape copper projects move forward as Orion secures BEE approval

BR Reporter|Published

Orion Minerals is advancing its Northern Cape copper projects with key regulatory approvals, expanded exploration rights, and backing from the IDC, paving the way ...

Copper 360 securing wind energy for Northern Cape projects

BR Reporter|Published

Copper 360 has reached an agreement with Mulilo Reneweable Project Developments for the acquisition of a wind energy project in the Northern Cape for an initial ...

SA's economic growth at risk as STEM student numbers plummet

BR Reporter|Published

South Africa's economic future hangs in the balance as education officials report alarming decline in STEM subject enrolments. Business leaders warn of dire consequences ...

TotalEnergies and partners launch 140 MW wind farm and 120 MW solar plant in the Northern Cape

BR Reporter|Published

TotalEnergies said in a statement on Tuesday that in 2023, the consortium signed Corporate Power Purchase Agreements (CPPA) with Sasol South Africa and Air Liquide ...

Coca-Cola clarifies Valpre water’s country of origin amid consumer concerns

BR Reporter|Published

Valpre, a well-known bottled water brand, is “proudly bottled from source” in Lagerspoort, Heidelberg, South Africa, following concerns raised by consumers about ...

Woolworths investigates counterfeit pilchards amid food safety fears

BR Reporter|Published

The police also discovered printing equipment which was used to alter expiry dates on the containers of expired Lucky Star packaging.

Eskom’s proposed retail tariff plan set for public consultation

BR Reporter|Published

The proposed changes are designed to restructure existing tariffs to avoid unintended subsidies.

South Africa’s steel sector in crisis over rising imports, stagnant demand

BR Reporter|Published

Either way, the Government of National Unity seriously has to consider the viability of the sector and act to address the concerns of industry players.

Orion Minerals advances feasibility studies for Prieska and Okiep projects

BR Reporter|Published

Orion Minerals has appointed a prominent project manager to oversee the Prieska Copper-Zinc Mine feasibility study and optimisation process, with the aim of maximising ...

BRICS Summit Preview: Experts dismiss gold-backed common currency in the short-term

BR Reporter|Published

Discover the economic hurdles and geopolitical implications as the 16th BRICS Summit approaches.

Double blow for SA miners: Rising freight costs and electricity pressures

BR Reporter|Published

Since the SARB started its interest rate cut cycle last month, the rand has remained strong against the US dollar, and fuel prices have fallen, so cost pressures ...

‘Central bank is a punching bag’ – SARB boss Kganyago

BR Reporter|Published

South African Reserve Bank Governor Lesetja Kganyago said that “central banking is a punching bag” and that everybody had an opinion on how it should be conducting ...

Checkers Little Shop is back with ‘Xtra’ features

BR Reporter|Published

The latest collection includes some of South Africa’s most loved and recognisable brands, including Sixty60, Forage & Feast, Oros, Sunlight, All Gold, Kit Kat, Vaseline, ...

Expansion of BRICS+ could bolster SA auto industry – report

BR Reporter|Published

The Automotive Business Council’s BRICS+ Research Report 2024 has found that South Africa has not substantially benefited from its membership of the bloc, but this ...

MTN refutes allegations against CEO after independent report

BR Reporter|Published

Telecoms firm MTN has dismissed complaints against CEO Ralph Mupita for alleged favouritism after an independent report cleared his name.

Transnet blames litigation costs for R7. 3bn loss, AG raises concerns over financial health

BR Reporter|Published

The auditor-general has raised concerns over Transnet’s financial health after the state-owned logistics operator reported a loss that widened from R5. 1 billion ...

Auditors question Transnet’s viability as its loss grows to R7. 3 billion

BR Reporter|Published

Beleaguered logistics company Transnet’s loss for the year widened from R5. 1 billion last year to R7. 3 billion in the year to March after it lost a legal case ...

Ten-year relationship between Pick n Pay and Discovery Vitality food officially ends

BR Reporter|Published

Mergence Capital believes Vitality is not as important for food shopping as it is for gym membership.

Rand plunges after Trump shot, but analysts say dollar strength a ‘blip’

BR Reporter|Published

The rand has been on a strengthening trend since the end of April, reaching R17. 95/$1 at the end of last week, though it has since weakened on some risk-aversion ...