Business Report

Business Report is SA's largest financial newspaper. |

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Motorists are expected to receive welcome relief at the pumps in August as lower fuel prices are forecast, according to mid-month data. https://t.co/rLqQj6Z1pt

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Northam Platinum Holdings opened its R6.3bn Zondereinde No. 3 Shaft on Friday, marking the completion of a major component of the mine's Western extension project and a significant investment in the long-term future. https://t.co/PjqiDDTn5x

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Valterra Platinum has advised its headline earnings per share are expected to soar by more than 1388% in the six months to June 30, boosted by an increase in production and significantly improved prices. https://t.co/9XgL3U2qNa

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Chery South Africa, has announced on Thursday that it plans to begin local production of the Tiggo 4 Cross in 2027 in the country. https://t.co/8MCGWnbS9Z

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BHP Group reported record copper and iron ore output in the year to June 30, as it strengthened its growth pipeline and kept a tight rein on costs. https://t.co/sECc2Ab3wJ

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Karooooo said its Cartrack subscribers increased by 18% to 2,8 million for the three months ended May 31, according to a first-quarter update on Thursday. https://t.co/ibIIzKADMH

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Woolworths Food has been named South Africa's most recommended brand for 2026, leading a list dominated by retailers and financial services brands as customer trust and advocacy continue to shape purchasing decisions. https://t.co/2jyPAgM3iF

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Prosus has announced the sale of its remaining 16,8% stake in European internet company Delivery Hero, to Uber for around R41 billion, which also aligns with regulatory commitments required for Prosus’ takeover of Just Eat https://t.co/xbLzEWYGQx (JET). https://t.co/pxVwB5HSFf

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Oil prices are expected to remain under pressure despite hopes of a lasting ceasefire between the United States and Iran, with analysts warning that rebuilding global energy supply chains will take considerably longer than financial markets anticipate. https://t.co/jGHvR8OYrn

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The PIC appointed its chief financial officer, Batandwa Damoyi, as acting chief executive officer with immediate effect, as the state asset manager seeks to restore stability following the precautionary suspension of CEO Patrick Dlamini earlier this week. https://t.co/6ANAImIMog

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In a transformative move to elevate its gold reclamation operations, DRDGOLD has executed a strategic investment programme over four years to optimise its asset portfolio and fortify its future in the gold mining sector. https://t.co/JH0UV81BRR

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Standard Bank has announced a partnership with Helios Towers (HT) to provide a groundbreaking $29 million (about R474,9 million) Social Documentary Credit Facility in a move that underscores the intersection of finance and social impact. https://t.co/jGIVajQ2EE

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The Democratic Alliance called for urgent parliamentary intervention following the precautionary suspension of PIC CEO Patrick Dlamini and acting chief investment officer August van Heerden, warning that SA's pension savings could be placed at risk. https://t.co/jf9YQnDEEo

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Diesel powered minibus taxis are emerging as one of Johannesburg's biggest contributors to harmful vehicle emissions, with a new study warning that residents in central and southern parts of the city are bearing the greatest health burden. https://t.co/Qo2hqfrUHv

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Trade unions, business organizations and political parties are increasingly concern about mounting allegations of governance failures at the state-owned Public Investment Corporation (PIC), following its suspension of its CEO on Monday night. https://t.co/Awfbfglv48

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THE precautionary suspension of PIC chief executive Patrick Dlamini has placed renewed attention on questions surrounding a long-running Lanseria Airport dispute, Harith General Partners, and issues reportedly raised in a whistleblower complaint. https://t.co/4Fj8p7VhIa

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The PIC, manager of some R3.6 trillion of public servant pension savings, has suspended its CEO, yet another sign that there is far more to the continuing allegations of corruption and maladministration at the institution than meets the eye. https://t.co/5Gmj1XGmT8

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Amid continuing instability in the Middle East, global markets are experiencing a notable shift in sentiment following the release of the latest Consumer Price Index (CPI) data from the United States. https://t.co/xwrF2qgE7B

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A major commercial farming operation in the Free State is investing in what is expected to become SA's largest off grid agricultural solar and battery energy storage installation. https://t.co/BV9j1AA48u