Category: South Africa Market

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David Jones drops Melbourne food stores

The Courier Mail - 22 mins ago

Melbourne will be hit hardest David Jones’ decision to close some of the premium food stores it launched only a few years ago, the company’s South African owners have revealed.

Round-the-world cruises are selling out more than a year in advance

News South Africa - 42 mins ago

After a year of isolation and lockdowns, four months on a ship is looking pretty good.

Steinhoff chief executive gets double-digit increase in basic salary

News South Africa - 42 mins ago

SANParks counts millions lost due to hard lockdown

Eyewitness - 1 hour ago

CAPE TOWN – South African National Parks (SANParks) is counting the cost of months of hard lockdown, saying the COVID-19 pandemic had cost it millions of rand in lost revenue.The Table Mountain National Park and other parks across the country were closed during the lockdown period last year and with foreign tourism virtually non-existent, the parks…

SA wine ‘paradise’ finds success by going its own way

Eyewitness - 1 hour ago

HEMEL EN AARDE – Heaven and Earth – that is the name in Afrikaans for this valley nestled between arid mountains and the cool ocean, a location that makes it a paradise for winegrowing.Not for nothing are vineyards in Hemel en Aarde carving out a global reputation among wine lovers seeking a fresh, distinctive flavour.Winemakers here do not try to…

New Prasa CEO confident hard work will restore the ailing rail agency

SABC - 1 hour ago

The new Group CEO of the Passenger Rail Agency of South Africa (Prasa), Zolani Matthews, says he is confident that with hard work, the company will turn over a new leaf.Transport Minister, Fikile Mbalula, introduced Matthews to the public over the weekend.Mr Zolani Kgosie Matthews has been appointed as the Group Chief Executive Officer of PRASA. He…

Gold price under pressure and Modern Monetary Theory

News South Africa - 1 hour ago

Petri Redelinghuys of Herenya Capital talks markets with the US and gold both suffering a red week and strategist Mohammed Nalla on understanding Modern Monetary Theory.

Gold rebounds after worst month in four years as yields in focus

News South Africa - 1 hour ago

The yellow metal has had a rocky start to the year.

Matshela Koko returns to the Zondo Commission hot seat

SABC - 1 hour ago

Former Eskom Group CEO, Matshela Koko, returns to the State Capture Commission that’s sitting in Johannesburg on Monday.On Thursday, former Eskom board chair, Zola Tsotsi, responded to allegations by some Eskom witnesses that in 2015 he suggested that certain Eskom executives be suspended.Witnesses alleged that Tsotsi asked the executives – including…

New policy to shake-up South Africa’s public service

News South Africa - 1 hour ago

President Cyril Ramaphosa says that his government is working on an important policy document that aims to root out corruption amongst public service officials.

Dlamini-Zuma outlines level 1 lockdown changes for South Africa

News South Africa - 1 hour ago

Cooperative Governance and Traditional Affairs (Cogta) minister Nkosazana Dlamini-Zuma has published a new gazette that confirms the move to lockdown level 1, and the changes to some restrictions.

David Jones drops Melbourne food halls

The Courier Mail - 2 hours ago

Melbourne will be hit hardest David Jones’ decision to close some of the premium food stores it launched only a few years ago, the company’s South African owners have revealed.