IOL Independent Online – Business News

– Business News

Independent Online, popularly known as IOL, is one of South Africa’s leading news and information websites bringing millions of readers breaking news and updates on Politics, Current Affairs, Business, Lifestyle, Entertainment, Travel, Sport, Motoring and Technology.

IOL also hosts the digital offerings of some of the country’s most prominent newspapers including The Star and Pretoria News in Gauteng, The Cape Times and Cape Argus in the Western Cape and The Mercury and Daily News in KwaZulu-Natal as well as national business publications Business Report and Personal Finance.

RSS IOL Independent Online – Business News

  • Eskom’s land lease programme is three times oversubscribed
    Eskom chief executive Andre de Ruyter yesterday announced that next Friday, the parastatal is set to sign some land lease agreements to renewable power producers as part of its turnaround strategy.Speaking at the Joburg Indaba on Thursday, De Ruyter said there were a couple of other things Eskom has launched.“We are leasing land, close to […]
  • Pan Africa Resources ready to start project after Mintails Mining SA acquisition
    Pan African Resources has closed its R50 million cash deal to acquire Mogale Gold and Mintails SA Soweto Cluster, both of which are 100% owned by Mintails Mining SA, a company that was placed in provisional liquidation in 2018.Pan African did a feasibility study on the Mogale Gold tailings storage facilities and announced the results […]
  • WATCH: Change needs you
    As FNB, we are on the cusp of a new era, an era that will ask us all to be deeply invested in making sure that change takes root. We are now part of a moment in history that will shape our future. A future where people who want to change their lives, their businesses […]
  • South Africans pitch in to help shack pizza entrepreneur
    Johannesburg - Ubuntu is an ancient African word meaning “humanity to others”. It is often described as reminding us that “I am what I am because of who we all are”.These words ring true after witnessing the response from some IOL readers who came out to offer a helping hand to Themba Limekhaya after an […]
  • Don’t lose hope: 4 stories of young people who found jobs after years of searching
    “I am living again,” said an emotional Lihle Dlamini*, 26, who has recently landed a new role as a software engineer at a bank after being unemployed for two years.Her newfound financial security have given her confidence and a new passion for life. Despite having graduated with a Bachelor of Arts in development studies, she […]
  • Petrol price set to remain above R20 a litre for some time
    The price of petrol in South Africa could remain above R20 a litre for a prolonged period as the global oil supply is set to contract by a significant margin in November.This comes as Opec and its allies (Opec+) agreed on Wednesday to further tighten global crude supply.Opec+ agreed to a deal to reduce oil […]
  • We are the home of #TheChangeables
    We believe in the importance of helping to make greater change happen. Africa needs more start-ups. Growth needs more business, and our consumers’ dreams, no matter how big or small, are valid and worth making come true.We embrace change because we know it brings opportunities. As we look towards the future, we also know that […]
  • Consumers in less favourable financial position even though GDP grew in second quarter
    A decline in the household financial resilience in the second quarter is cause for concern considering the rise in GDP over the period, the Altron FinTech Household Resilience Index (AFHRI) released yesterday showed.It reveals consumers were less able to take on credit in spite of an improving economy over the period. The latest quarterly reading […]
  • Transnet rebuts miners claims of logistics and port inefficiencies
    Embattled parastatal Transnet yesterday outlined its progress to fix its rail and logistics lines for the mining industry and said it has increased its transport of commodities despite unprecedented disruptions related to natural disasters.Recently, a host of companies in the mining industry, and other sectors blamed it for their financial losses due to its inefficiencies […]
  • Transnet tough as rails as strike heats up
    Transnet is taking a hardline on the strike begun by majority labour the United National Transport Union (UNTU) yesterday as it is expected today to meet with both unions over picketing rules of the protest expected to escalate on Monday, when the South African Transport Workers Union (SATAWU) enters the fray.Addressing delegates at the Mining Indaba […]
  • Load shedding poses a real risk to SA’s healthcare system, business association warns
    The South African United Business Confederation (SAUBC) said on Thursday that it was greatly concerned about the impact load shedding is having on South Africa’s healthcare delivery. SAUBC president George Sebulela warned on Thursday that the safety of patients and healthcare workers is at risk and, more importantly, cannot be guaranteed due to load shedding. […]
  • Mining bosses say there remains much opportunity in South Africa’s mineral wealth
    Gold mining may not be attracting the investment it once did in South Africa, but its other minerals still attract significant mining investment, delegates heard at the Joburg Indaba yesterday.Gold is a mature industry in South Africa, the opportunities are not the same as many of the other commodities in South Africa, said Gold Fields […]
  • Car guard uses Yoco card machine to accept payments from shoppers he assists
    Many times shoppers have experienced not having cash to give to the willing guard who watches over their cars while you shop and then helps pack groceries into the vehicle.A local car guard based in Parkhurst’s bustling 4th street, formalised his payments by becoming a Yoco customer, now gives consumers the option to swipe their […]
  • WATCH: Durban Chamber of Commerce and Industry adds muscle to eThekwini Municipality’s fight to improve services
    Durban - The Durban Chamber of Commerce and Industry is backing eThekwini Municipality as it begins the process of improving service delivery, hampered by recent events like Covid-19, the July 2021 unrest and the April and May floods.DCCI president Prasheen Maharaj was speaking at a media briefing on Thursday in which mayor Mxolisi Kaunda revealed […]
  • Transnet maintains strike is illegal and unprotected
    A number of members of the United National Transport Union (UNTU) within Transnet have gone on strike on Thursday. An action that is illegal, according to the state owned rail company. In a statement on Thursday, Transnet said that it was “aware that some employees across its operations are embarking on an illegal strike action […]
  • Aveng sells Trident Steel for R700 million
    Aveng, the listed construction and contract mining group that has undergone a substantial turnaround, signed an agreement to sell its Trident Steel subsidiary for R700 million.Trident was the last major asset to be sold in terms of the restructuring and since 2017 some R1.1 billion of businesses have been sold. The buyer is Trident Steel […]
  • Medical Schemes standing strong
    THE last few years have seen challenging economic conditions, which has cast a cloud over the open medical schemes market, according to South Africa’s self-administered medical scheme, Bestmed.On Tuesday, the scheme announced its product enhancements, preventative benefits and contribution changes for 2023 across its value-for-money Beat, Pace, and Rhythm product ranges.Despite the tough trading environment, […]
  • Kekana appointed president of Sapoa
    After a year as president elect of the South African Property Owners Association (Sapoa), Malose Kekana, the group CEO of Pareto was announced as president of the organisation at their 2022 annual convention held at Sun City.Representative of an estimated 90% of the country’s commercial and industrial real estate companies, Sapoa advances its members’ interest […]
  • Quarterly diamond sales improve for De Beers after Sight is extended
    De Beers, the world’s biggest diamond producer by volume, recorded rough diamond sales for its eight sales cycle this year totalling $500 million (R8.9bn).According to the company, this compares to the $492m of rough diamonds sold in the eighth sales cycle of 2021.De Beers, a subsidiary of Anglo American said owing to the restrictions on […]
  • Equites Property Fund well placed to benefit from spike in demand for warehousing
    Equites Property Fund said there has seen a sharp rise in the number of development opportunities in SA in the past six months due to record levels of demand for warehousing space.CEO Andrew Taverna-Turisan said at the release of the group’s results for the six months to August 31, 2022 that they were well positioned […]