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KZN delegation on a mission to attract regional air travel

KWAZULU-Natal, led by the Department of Economic Affairs, Tourism and Environmental Affairs and hosted by Durban Direct, is on a trade mission in Zimbabwe...

Industrial equipment supplier launches online store

SHUMANI Industrial Equipment launched its online store at the beginning of June 2024. Available through its website, this strategic move marks a pivotal moment...

BRICS bank commits funds for local logistics and water projects

THE National Treasury welcomes funding commitments by the New Development Bank (NDB) to critical freight logistics and water projects. During the 9th Annual Meeting...

Modest GDP growth in 2Q could be just the start

AFTER a revised zero growth (0.0%) in 1Q 2024, the better news is that real GDP in South Africa grew by a modest 0.4%...

Tax implications of withdrawing from two-pot retirement system

THE South African Revenue Service (SARS) advises on the process and implications of making a withdrawal from pension funds through the two-pot system which...

Pieces of the auto sector recovery puzzle beginning to mesh

THE euphoria of positive sales growth for South Africa’s new vehicle market in July was short-lived. But WesBank CEO Ghana Msibi remains optimistic for...

eThekwini welcomes re-opening of Hilton Hotel

ETHEKWINI Municipality welcomed the re-opening of the Hilton Hotel Durban which closed in January 2021, saying that it will add to the luxury executive...

Online buy & sell platform integrates secure payment and shipping

GUMTREE South Africa is changing the online classifieds experience with the launch of Pay & Ship, a secure payment and delivery solution. This innovative...

Five Transnet lease agreements in SIU’s crosshairs

ON 23 August, President Cyril Ramaphosa authorised the Special Investigating Unit (SIU) to investigate allegations of serious maladministration within Transnet and to recover any...

KZN bank’s licence suspended, development finance continues

THE Financial Sector Conduct Authority (FSCA) announced on 23 August that it has suspended the licence of Ithala SOC Limited in terms of the...

R1.1bn injection into auto localisation in KZN

KZN’S lone automotive original equipment manufacturer, Toyota South Africa Motors (TSAM) has secured over R1.1 billion investment in a new stamped parts facility located...

eThekwini looks to 16 catalytic projects to stimulate the economy

LAST Wednesday 14 August, eThekwini Mayor Cyril Xaba led the city’s leaders on an oversight visit for a progress update on the R217 billion...

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UKZN institute’s new high-tech rocket launch gantry a first for SA

ENGINEERS at the University of KwaZulu-Natal’s Aerospace Systems Research Institute (ASRI) have commissioned a new suborbital sounding rocket launch facility at the Denel Overberg...

State-owned energy company formed by merged subsidiaries

A POLICY statement by President Cyril Ramaphosa has resulted in the formation of a new state-owned petroleum company, the South African National Petroleum Company...

Time is running out on the 125% solar tax incentive

BUSINESSES that act quickly can still take advantage of the substantial 125% income tax incentive available for solar energy projects completed and operational by...

Diversified packaging group disposes of assets, refinances

NAMPAK Limited, the largest diversified packaging company in Africa, issued an update on Monday on key company developments including the asset disposal program and...