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Rain proposes merger with Telkom

Rain proposes merger with Telkom

Data network provider Rain said on Thursday it had made a formal request to present the board of Telkom with a merger proposal to combine the two businesses.

Take control of your financial future: attend the #JSESheInvestS2022 event

SPONSORED | This hybrid event on August 13 aims to empower women with financial knowledge. Register now

Gauteng launches township retail programme to regulate spaza shops

Gauteng premier David Makhura‬⁩ and MEC Parks‬⁩ Tau are launching the Gauteng township retail programme at the Sam Ntuli Stadium in Thokoza on Monday.

E-hailing drivers online on Monday after strike threat

A planned strike by e-hailing drivers in Gauteng has been called off until further notice as the drivers expect a mediation process with their companies soon.

Mango Airlines' licences suspended

The suspension comes as Mango has not operated the licensed air services for an uninterrupted period exceeding 12 months.

Company ordered to pay four years’ provident contributions for worker

A Pretoria-based company has been ordered to cough up more than R190,000 in provident fund contributions after failing to pay an employee’s portion for four years while deducting money from his salary.

Toyota's flood-damaged plant back online at reduced capacity

Locally-built Toyotas are trickling back into dealerships after vehicle production started ramping up at Toyota’s factory in Prospecton near Durban.

Eskom, business meet to discuss solutions to electricity crisis

A meeting between Eskom and big business on Friday identified a number of areas where the business sector can make a practical and impactful contribution towards a sustainable electricity supply industry.

ArcelorMittal South Africa shares drop after power cuts, rail issues dent production

ArcelorMittal South Africa shares fell 10% on Thursday after the company said poor rail service, labour disruptions and the country's worst-ever power cuts drove steel production down.

Luxury group LVMH beats expectations with post-pandemic uplift

The French group, which owns dozens of high-end labels ranging from Tiffany to Moet & Chandon, has tapped strong post-pandemic demand for its designer labels as socialising resumes and shoppers continue to spend savings from lockdowns, brushing off concerns about turbulent stock markets and rising prices.

WATCH | Cape wine farm toasts R500k solar installation to avoid load-shedding woes

The award-winning Ken Forrester wine estate is one of many businesses spending thousands on rooftop solar panel installations to avoid the impact of load-shedding. The move could also make them money.

Amplats reports 43% drop in half-year profit

Anglo American Platinum on Monday reported a 43% fall in half-year profit due to weaker platinum group metal (PGM) prices and lower volumes compared with record sales a year ago.

FREE TO READ | The changing face of medical cover options

The affordability of a national health insurance scheme is scrutinised, while affordability of health care in general is being tackled with new approaches

Families grit their teeth as inflation squeezes harder

Angelina Phafane was forced to inform her three grandchildren that she would not bother buying bread as it was difficult to spend R20 on it daily due to other pressures caused by food inflation.

Pandemic, war and 'crazy' prices threaten SA's move away from coal

Just as SA is planning to shift towards renewable energy to drive the battling economy, rising costs linked to the pandemic and the war in Ukraine threaten further delays.

Soweto’s economy is booming despite headwinds faced by SMMEs

SPONSORED | Nedbank is helping small businesses in the township rebuild and thrive with integrated support, hands-on assistance and guidance from its bankers

Twitter gets fast-tracked Elon Musk trial over $44bn deal

Twitter Inc will get an October trial in its legal fight to hold Elon Musk to his $44bn takeover, after a Delaware judge said on Tuesday the social media company deserved a quick resolution of the deal's uncertainty.

Companies doing business with government are getting paid faster

The National Treasury has recorded an improvement in the payment of invoices by the government to service providers within 30 days in the 2021/22 financial year.

FREE TO READ | Sunday Times Skills Development magazine

Preparing students for a modern economy, internship pro's and cons, and projects which teach young people new skills

G20 finance chiefs resolved on food security; Ukraine war prevents formal communique

The Group of 20 major economies' finance chiefs on Saturday pledged to address global food insecurity and rising debt, but made few policy breakthroughs amid divisions over Russia's war in Ukraine.

Hlengiwe Lushaba takes Busi Lurayi's role in Market Theatre play

Actress Busi Lurayi was supposed to start rehearsals for a new theatre show at the Market Theatre on Monday, a day after she died.

MTN Group in buyout talks with rival Telkom SA

The MTN Group is in buyout talks with smaller rival Telkom SA for a stock or cash-and-stock deal.

Twitter down for thousands of users globally: Downdetector

Twitter was down for thousands of users globally on Thursday, according to outage tracking website Downdetector.com.

Another interest rate hike predicted on July 21

The SA Reserve Bank will raise its benchmark interest rate by 50 basis points to 5.25% next Thursday as it tries to rein in quicker inflation, a Reuters poll found.

Township team victorious at coding festival

For Nonhlanhla Zembe and her team, Kasi Army, the route to victory and success in a recent coding festival lied in them tapping into their environment.

Lufthansa cancels 2,000 additional flights

Lufthansa is cancelling an additional 2,000 flights from Frankfurt and Munich this summer, the German flagship carrier said on Wednesday, citing staffing shortages at airports as well as industrial action and the ongoing Covid-19 pandemic.

Siyavutha brings value of property investment to ordinary folk

Siyavutha Property Stokvel was formed in 2021 and is aimed at addressing economic transformation by enabling ordinary members of the community to unite and invest in commercial real estate.

Twitter sues Elon Musk to hold him to $44 bln deal

Twitter Inc sued Elon Musk on Tuesday for violating his $44 bln deal to buy the social media platform and asked a Delaware court to order the world's richest person to complete the merger at the agreed $54.20 per Twitter share.

Transnet signs R25.4 bln loan with international banks

Transnet has agreed a five-year loan worth $1.5 billion with a group of international lenders led by Deutsche Bank AG in its biggest funding transaction in seven years.
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