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The latest South Africa articles on Moneyweb.

Sekunjalo group fights to keep bank accounts open

6 Oct 2023 /  Ciaran Ryan
Claiming anti-competitive behaviour by several banks.

Simba factory workers strike over ‘unfair’ transport deductions

6 Oct 2023 /  Kimberly Mutandiro, GroundUp
Workers claim the company has been deducting money from their salaries for transport, which it was supposed to supply for free.

Government looking for eggs from anyone willing to sell

6 Oct 2023 /  Akhona Matshoba
While some restaurants believe they have a plan to keep serving meals containing the protein despiite the shortage.

Rand heading to R20 per dollar

6 Oct 2023 /  Adriaan Kruger
There are fundamental reasons for the rand falling to new lows, and not much anybody can do about it.
UPDATE
2

Place UIF under administration – Busa

5 Oct 2023 /  Akhona Matshoba
Business body calls out the fund commissioner for failing to fix the problem.
7

Sarb won’t defend depreciating rand: Kganyago

5 Oct 2023 /  Kopano Gumbi, Reuters
The rand has weakened about 13% against the greenback this year.
UPDATE
8

Transnet Freight Rail CEO Siza Mzimela resigns

5 Oct 2023 /  Akhona Matshoba
The CEO wrote a heartfelt letter to staff Thursday morning informing them about her departure.
UPDATE
2

Kganyago sticks with hawkish tone on inflation

5 Oct 2023 /  Ntando Thukwana, Bloomberg
'We have got to be seeing that consecutively, inflation is sustainably closer to the 4.5% that we aim for.'
2

Western Cape floods: Small-scale farmers suffer devastating losses

5 Oct 2023 /  Liezl Human, GroundUp
At a Genadendal farm, nearly 500 chickens drowned, and over 50 pigs are missing
4

Alcohol and tobacco duty-free limits for diplomats remain in place

5 Oct 2023 /  Amanda Visser
Decisions to introduce a quota were not unconstitutional, irrational or unfair.
5

Govt’s asset management company will cut out political meddling – Gordhan

4 Oct 2023 /  Akhona Matshoba
The minister says the new entity will limit interference by separating policymaking and regulatory processes from operations.
UPDATE
1

MTN deploys over 20 000 battery backups on network

4 Oct 2023 /  Moneyweb
Part of up to R5bn investment to mitigate load shedding.
3

SA could cut blackouts by having AI-run water heaters

4 Oct 2023 /  Antony Sguazzin, Bloomberg
SA startup Plentify carried out the study on 500 homes in Cape Town and the Western Cape province’s Hessequa municipality.
UPDATE
3

PIC defends its annual growth in AuM of just 2%

4 Oct 2023 /  Roy Cokayne
Expresses concern about reduced investment choice because of the spate of JSE delistings.

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