Luxury automaker Lamborghini expects to at least double production to 7 000 vehicles a year by 2019 once it rolls out a new SUV.
The majority of delegates attending the Food and Allied Workers Union congress say the union is ready to part ways with the ANC-led alliance.
South African markets were left reeling after an investigation surrounding the country’s finance minister took a new twist.
South Africa has “too much inflation” to lower interest rates, even as the economy will probably not expand this year.
Finance minister Pravin Gordhan is determined to stay in his position amid a Hawks probe, says sources.
As many African nations diversifying from traditional sources of income, entrepreneurship is increasingly seen as a key to economic growth.
Nigeria’s central bank asks commercial lenders to allocate 60 percent of foreign exchange (forex) purchases to manufacturers.
News that the Hawks has summoned finance minister Pravin Gordhan has caused great concern about the implications for the economy.
SA’s political leadership is playing a dangerous and short-sighted game at the expense of economic growth, says an economist.
The Food and Allied Workers Union blames its deteriorating finances on ongoing factional battles within the union.
Shoprite Holdings would consider expanding outside Africa as it seeks additional fast-growing markets,CEO Whitey Basson says.
South African inflation slows to the lowest rate this year, strengthening the case for the Reserve Bank to end its interest-rate increase cycle.
Emerging-market assets decline on concerns Federal Reserve Chair Janet Yellen will signal the US central bank will raise interest rates this year.
Bid Corp projects growth across its businesses as the company seeks acquisitions to expand market share and increase its geographic reach.
Atlas Mara says first-half profit plunged 71 percent after many African currencies weakened amid a slowdown in economies.