Siphelele Dludla

Content Manager: Business Report

Global growth outlook darkens as inflation fears rise in Sub-Saharan Africa, warns WEF

Siphelele Dludla|Published

The latest World Economic Forum report reveals a sharp decline in global economic outlook, with chief economists predicting weakened growth and rising inflation ...

SA Reserve Bank warns more interest rate hikes on the cards if inflation risks worsen

Siphelele Dludla|Published

The South African Reserve Bank has raised interest rates by 25 basis points and warned of further hikes if inflation pressures escalate due to global uncertainties ...

Sarb hikes rates as inflation risks intensify amid Middle East crisis

Siphelele Dludla|Published

The South African Reserve Bank has raised interest rates to 7% in response to escalating global inflation risks and domestic price pressures. Governor Lesetja Kganyago ...

South African business sector pushes for stronger BRICS+ trade and finance links

Siphelele Dludla|Published

The South African chapter of the BRICS Business Council has initiated a drive to enhance trade and investment ties within the expanding BRICS+ bloc, aiming to reduce ...

uMsunduzi Municipality's audit improvement overshadowed by mounting irregular spending

Siphelele Dludla|Published

Despite improving its audit outcome to unqualified for the 2024/25 financial year, Msunduzi Municipality continues to grapple with serious governance failures, irregular ...

Bargaining council warns employers over retirement contribution failures after tribunal ruling

Siphelele Dludla|Published

MIBCO has issued a formal warning to motor industry employers following a landmark ruling by the Financial Services Tribunal, emphasising the serious legal and financial ...

Captains of mining industry warn policy certainty key to sector's growth in South Africa

Siphelele Dludla|Published

The Minerals Council South Africa emphasises the importance of the mining sector to the economy, urging for policy reforms and sustainable investment to address ...

Consumers brace for June squeeze as rate hike looms and fuel relief ends

Siphelele Dludla|Published

South African consumers may face a challenging June as the Reserve Bank is expected to raise interest rates amidst rising inflation and the gradual removal of fuel ...

Tau vows industrial push as South Africa battles global economic headwinds

Siphelele Dludla|Published

Minister Parks Tau reveals South Africa's ambitious industrialisation and investment agenda, aiming to boost growth and export competitiveness amid global economic ...

BP removes chair Albert Manifold over governance concerns

Siphelele Dludla|Published

BP has taken decisive action by removing chair Albert Manifold due to unacceptable governance oversight. The board has appointed Ian Tyler as interim chair as the ...

Consumers brace for June squeeze as rate hike looms and fuel relief ends

Siphelele Dludla|Published

South African consumers may face a challenging June as the Reserve Bank is expected to raise interest rates amidst rising inflation and the gradual removal of fuel ...

Werner Duvenhage to exit RMB after steering miner through turbulent period

Siphelele Dludla|Published

Richards Bay Minerals announces the departure of managing director Werner Duvenhage after 13 years with Rio Tinto, marking a significant leadership transition as ...

South Africa pledges $5 million in the battle against the deadly Ebola outbreak

Siphelele Dludla|Published

President Cyril Ramaphosa announces a $5 million contribution from South Africa to support the fight against the Bundibugyo Ebola outbreak affecting Central and ...

Biovac expansion positions South Africa as continental vaccine manufacturing hub

Siphelele Dludla|Published

South Africa's Biovac facility expansion aims to enhance local vaccine production, creating jobs and strengthening health security across Africa.

US-Iran deal hopes push oil below $100

Siphelele Dludla|Published

As the US and Iran inch closer to a peace deal, oil prices have plummeted, impacting global markets and investor sentiment.

Moody’s positive outlook revision boosts confidence in South Africa’s reform path

Siphelele Dludla|Published

Moody's has upgraded South Africa's sovereign credit outlook to positive, signalling renewed investor confidence amid fiscal reforms and improving economic conditions. ...

Moody's upgrades South Africa's outlook as fiscal reforms gain traction

Siphelele Dludla|Published

Moody's has upgraded South Africa's sovereign credit outlook to positive, citing improved fiscal discipline and investor confidence, marking a significant milestone ...

Sizekhaya promises modern, transparent new era for South Africa’s national lottery

Siphelele Dludla|Published

Sizekhaya Holdings, the new operator of South Africa's National Lottery, has unveiled plans to modernise the lottery system, enhance transparency, and increase public ...

Ramaphosa, Boko push for faster SA-Botswana integration, border bottlenecks and trade

Siphelele Dludla|Published

President Cyril Ramaphosa and Botswana's President Duma Boko announce new agreements to enhance economic integration, improve border processes, and foster regional ...

Stellantis targets Africa growth surge in ambitious FaSTLAne 2030 strategy

Siphelele Dludla|Published

Stellantis has launched its FaSTLAne 2030 programme, aiming for significant revenue growth and localised vehicle production in Africa and the Middle East. The strategy ...

Tiger Brands accelerates green energy transition with landmark wheeling deal

Siphelele Dludla|Published

Tiger Brands has entered a significant renewable energy wheeling agreement with Apollo Africa, aimed at reducing carbon emissions and enhancing sustainability in ...

Agoa extension brings relief but reciprocal trade concerns linger amid SA-US tensions

Siphelele Dludla|Published

The United States has extended the African Growth and Opportunity Act (Agoa) trade programme until December 2026, offering much-needed relief to South African exporters ...

Afrimat warns soaring energy costs threaten mining margins despite stronger earnings

Siphelele Dludla|Published

Afrimat reports a 20.3% increase in revenue, but rising energy prices linked to geopolitical tensions pose challenges for the mining group.

Oil prices remain volatile as Iran peace talks lift global market sentiment

Siphelele Dludla|Published

" Global financial markets experienced volatility on Thursday as renewed hopes for a US-Iran peace agreement led to a significant drop in oil prices, impacting investor ...

South African SMEs turn to technology and advisors to navigate uncertainty

Siphelele Dludla|Published

Discover how South African small businesses are leveraging digital technology and expert financial advice to enhance resilience and decision-making in a challenging ...