The South African Reserve Bank (SARB) is taking a cautious approach to monetary policy as risks to the inflation outlook are on the upside, deputy governor Daniel Mminele said. South Africa's consumer price inflation stood at 4.8% year-on-year in August. Statistics South Africa is due to publish the September print on Wednesday. view more

McKinsey said on Tuesday it was embarrassed by errors it made while working with South African utility Eskom on a R1.6-billion contract that is being investigated by Parliament and police over allegations of fraud. Privately-held McKinsey, the world's largest management consultancy, said it had parted ways with some staff involved in its work at Eskom in 2016 with Trillian, a local consultancy controlled at the time by members of the Gupta family, billionaire friends of President Jacob Zuma. view more

The rand lost more than 0.5% within minutes of President Jacob Zuma's announcement of yet another surprise Cabinet reshuffle. The biggest move is that of energy - Mmamoloko Kubayi has been moved from the energy portfolio to communications, with David Mahlobo now occupying the position of Minister of Energy. view more

President Jacob Zuma has again made changes to his Cabinet. The Presidency said in a statement on Tuesday that Professor Hlengiwe Mkhize has been appointed Higher Education and Training Minister, Ayanda Dlodlo as Home Affairs Minister, Mmamaloko Kubayi as Communications Minister, David Mahlobo as Energy Minister, Advocate Bongani Thomas Bongo as State Security Minister and Buti Manamela as Higher Education and Training Deputy Minister. view more

South Africa's Public Investment Corporation, one of the continent's largest asset managers, has not ruled out investing in struggling state-owned airline SAA, its chief executive said on Tuesday. "We are not closing the door on SAA," CEO Dan Matjila told parliament's finance committee, adding that South African Airways would first need to improve governance and implement a turn-around strategy before being considered. view more

The total South African new van market currently ranges between 19 000 and 20 000 units a year, estimates Mercedes-Benz Vans Southern Africa VP Nadia Trimmel. "Historically, the market used to be between 22 000 and 23 000 units, but this year we do not expect it to break 20 000. The general feeling is that the van market will be slightly down this year on last year, while we expect our sales to remain stable. The new V-Class is doing well for us, as there is no real competitor in this segment," says Trimmel.
 "If you exclude the minibus taxi market, the van market is between 4 000 and 5 000 units a year." view more

The National Union of Mineworkers (NUM) said that its members at South Africa's leading supplier of cement and related products, PPC Cement Slurry in Mafikeng, North West, have embarked on a strike over wages. This comes after the NUM gave PPC Cement a notice to strike on Sunday last week and workers commenced with the industrial action on Monday. view more

Frantz Scheepers has been appointed CFO designate of JSE-listed Clover, effective November 1. He will succeed current CFO Elton Bosch. view more

The transition from centralised electricity systems to ones that increasingly comprise both large-scale centralised resources and distributed energy resources (DERs) is under way globally. However, to successfully manage the shift will depend substantially on sending the right economic signals, a leading Massachusetts Institute of Technology (MIT) energy academic argues. In fact, Professor Ignacio Pérez-Arriaga, who is visiting professor at the MIT Center for Energy and Environmental Policy Research and a leading contributor to MIT's 'Utility of the Future' research effort, likens the human body to the emerging electricity system, where a comprehensive system of "efficient tariffs and regulated charges" acts as the nervous system. view more

South Africa's MeerKAT radio telescope array, although still under construction, has successfully participated in an unprecedented international collaboration that has opened a new era in astronomy. For the first time, a major astronomical event - the collision of two neutron stars - has been observed in both the electromagnetic spectrum and by gravity waves. The US Laser Interferometer Gravitational Wave Observatory (Ligo), which is composed of two sets of detectors, at Hanford in Washington state and at Livingston, Louisiana, detected a gravitational wave source (designated GW170817) on August 17. Almost immediately afterwards, the same wave was detected by the six-country European collaborative Virgo gravity wave observatory, near Pisa in Tuscany, Italy, and then, about two seconds later, the US National Aeronautics and Space Agency's Fermi space telescope detected a gamma ray burst from the same area. The observations by the thee gravity wave detectors on two continents, followed by the observation of the gamma ray burst by the space telescope, allowed a triangulation of the source. This, in turn, permitted follow-up observations by some 70 optical, infrared, ultraviolet, radio, and X-ray telescopes, on both the Earth and in space. view more

BONSELA'S BEACH COTTAGE Enjoy a holiday on the beach. Family owned house with 4 ... view more

Business Sense is currently being distributed. It will be available at King Shak... view more

In just 10 years Durban business visionary, Pran Shree, has transformed a small ... view more

The Durban Chamber of Commerce and Industry in partnership with Transnet Port Te... view more

As we reflect on the passing of another 'Women's Month', women's role in... view more

Legal Equal Footing The normal everyday interaction with SARS has been analogise... view more

INTRODUCING COX YEATS MARITIME LAW TEAM Andrew Clark is a Partner and hea... view more

IS SOUTH AFRICA PREPARED TO DEAL WITH OIL SPILLS? - Tamryn Simpson On ave... view more

Michael Posemann, one of the senior partners at Cox Yeats, was honoured at the 2... view more

Invest Durban recently participated in The KwaZuluNatal Strategic Business Engag... view more