Siphelele Dludla

Content Manager: Business Report

East African leaders rally behind Dangote’s crude oil refinery project in Tanzania

Siphelele Dludla|Published

East African leaders, including Kenya's President William Ruto and Uganda's President Yoweri Museveni, have expressed strong support for a proposed mega oil refinery ...

Reform momentum holds but freight and governance weaknesses persist: BLSA

Siphelele Dludla|Published

South Africa's reform programme shows gradual progress, but challenges in freight logistics and governance raise concerns about the sustainability of change, as ...

Dangote commits to new mega refinery within 5 years, urges Africa to back local investment

Siphelele Dludla|Published

Billionaire Aliko Dangote plans to build a new oil refinery in East Africa, advocating for African self-sufficiency and local investment in key sectors.

Bank of America flags imminent rate hike in South Africa as inflation set to breach target

Siphelele Dludla|Published

South Africa is bracing for renewed inflationary pressures, with Bank of America predicting that rising oil prices and elevated interest rates will shape the economic ...

Middle East conflict raises credit risks for African economies, S&P warns

Siphelele Dludla|Published

Amid the ongoing Middle East conflict, African economies are facing significant financial pressure due to rising fuel and fertilizer costs, with S&P Global Ratings ...

ConCourt draws hard line on tax avoidance in landmark Absa vs Sars ruling

Siphelele Dludla|Published

The Constitutional Court's recent ruling clarifies the South African Revenue Service's authority to challenge complex tax avoidance schemes, potentially reshaping ...

DHL expands South African footprint with Vital Group acquisition to boost logistics capacity

Siphelele Dludla|Published

DHL Supply Chain has received approval to acquire three companies from the Vital Group, enhancing its logistics capabilities in South Africa and supporting customer ...

Competition Commission moves to cut red tape and unlock growth for South African SMEs

Siphelele Dludla|Published

The Competition Commission's new review aims to streamline regulations that hinder small and medium enterprises in South Africa, fostering a more competitive economic ...

Government targets 100,000 jobs as industrial push gains momentum

Siphelele Dludla|Published

The Department of Trade, Industry and Competition (dtic) unveils a bold plan to create over 100,000 jobs in South Africa, focusing on industrial expansion and investment ...

SA’s new vehicle market surges past 100,000 sales milestone in early 2026

Siphelele Dludla|Published

South Africa's automotive market has made a remarkable start in 2026, with vehicle sales surpassing 100,000 units for the first time in a decade, signalling a robust ...

Transnet outlines reform drive as debt, infrastructure failures weigh on performance

Siphelele Dludla|Published

Transnet Group CEO Michelle Phillips addresses Parliament on the severe challenges facing the State-owned logistics company, including infrastructure decline, rising ...

Petroleum Bill aims to strengthen energy security, State control of strategic assets: Govt

Siphelele Dludla|Published

The South African government has introduced the SANPC Bill, aiming to consolidate state petroleum assets and enhance energy security while promoting economic transformation. ...

“We have learned our lesson,” says Kganyago as Sarb holds firm on 3 percent inflation target

Siphelele Dludla|Published

South African Reserve Bank Governor Lesetja Kganyago discusses the challenges posed by global shocks to the country's inflation target, reaffirming the bank's commitment ...

Energy security takes centre stage as African oil refiners push for industrial growth

Siphelele Dludla|Published

At the 20th annual ARDA conference, industry leaders emphasised the need for Africa to prioritise energy security and industrialisation amid global market volatility, ...

Africa Finance Corporation secures $100m facility to boost continental infrastructure drive

Siphelele Dludla|Published

Africa Finance Corporation has secured a $100 million loan from India Exim Bank, marking a significant step in enhancing infrastructure development across Africa ...

Nafasi Water secures Norfund investment to boost water infrastructure, jobs in Southern Africa

Siphelele Dludla|Published

Nafasi Water Technologies has secured significant funding to enhance water security and tackle environmental challenges in Southern Africa, aiming to revolutionise ...

Labat Africa signals strong revenue surge despite earnings dip

Siphelele Dludla|Published

Labat Africa announces a trading update for the year ending 31 May 2026, highlighting a projected revenue increase of over 146%, despite a decline in earnings per ...

Panel beaters' industry applauds insurer relief measures as fuel surge threatens sector

Siphelele Dludla|Published

The South African Motor Body Repairers' Association praises early insurer concessions aimed at alleviating financial pressures in the motor body repair industry ...

South Africa urged to build resilience as IMF downplays direct impact of U. S. tariffs

Siphelele Dludla|Published

Explore how South Africa is navigating economic reforms amidst rising global uncertainties, with insights from the IMF on trade dynamics and the importance of regional ...

Chrome breakthrough boosts revenue outlook at Southern Palladium’s Bengwenyama project

Siphelele Dludla|Published

Southern Palladium's recent metallurgical breakthrough at the Bengwenyama project in Limpopo reveals that chrome could contribute up to 20% of future revenues, marking ...

Kganyago signals possible rate hikes as oil shock risks spill into broader inflation

Siphelele Dludla|Published

Lesetja Kganyago, Governor of the South African Reserve Bank, signals potential interest rate hikes due to rising global inflation pressures from oil and fertiliser ...

Eskom rejects Numsa claims over wage budget, defends 7% deal

Siphelele Dludla|Published

Eskom clarifies its wage budget and executive remuneration in response to Numsa's claims, following a breakdown in wage negotiations. The power utility emphasises ...

Ramaphosa pushes trade diversification as South Africa seeks deeper Spain partnership

Siphelele Dludla|Published

President Cyril Ramaphosa emphasises the need for trade diversification with Spain during the South Africa–Spain Business Forum, highlighting opportunities in green ...

Heraeus, Sibanye partner to cut glass fibre costs with platinum-palladium innovation

Siphelele Dludla|Published

A new partnership between Heraeus Precious Metals and Sibanye-Stillwater aims to revolutionise glass fibre manufacturing by reducing costs and increasing demand ...

IMF flags mounting risks as Africa’s ‘hard-won gains’ come under pressure

Siphelele Dludla|Published

The IMF's April 2026 report highlights the economic challenges facing sub-Saharan Africa, including rising debt and declining external support, urging a shift towards ...