IOL Independent Online – Business News

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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.

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  • How ChatGPT will influence cybersecurity
    Kaspersky is exploring how the appearance of ChatGPT in the hands of the general public could change the established rules of the cybersecurity world. The move comes a few months after OpenAI released ChatGPT3 – one of the most powerful AI models to date. ChatGPT-3 can explain complex scientific concepts better than many teachers, write […]
  • Tips to retire professionally
    By James Fraser After a rewarding career, the ideal scenario would be to maintain a comfortable lifestyle for you and your family. The reality faced by many is that they would not have achieved this goal. Research shows that only 6% of South Africans will have made adequate retirement provision while 49% do not have […]
  • Sars head tackles SA’s tax future
    Commissioner of the South African Revenue Service (Sars), Edward Kieswetter is next to take the hot seat in the upcoming Think Big webinar series, hosted by PSG.Talking points will include what lies ahead for Sars, the use of AI in taxpayer profiling, and international collaboration when it comes to South African taxpayers’ obligations.Award-winning journalist Alishia […]
  • Astron Energy says it is close to fully reopening refinery in Cape Town after 2020 explosion killed two workers
    Two years after a deadly explosion occurred, Glencore’s Astron Energy said that it is in the final stages of fully restarting production at its 100 000 bl/d South African refinery. “We are in the final steps of a safe full restart of the refinery and plan to fully recommence the production of refined products for […]
  • Kumba anticipates 44% lower annual earnings with Transnet still a major headache
    KUMBA Iron Ore is anticipating a decline in headline earnings a share of up to 44% to R64.49 for the full year to December 31, 2022, due to weaker sales volumes and lower export ore prices, although a weaker rand to dollar exchange rate will provide some respite.The mining firm said Transnet had hammered Kumba […]
  • SA’s high debt is culmination of years of tough economy, says DebtBusters
    The high rate of indebtedness of South African consumers is a culmination of several years of a tough economic situation, inflation and, more recently, an increase in interest rates, according to DebtBusters.The debt management company’s head, Benay Sager, said that the state of indebtedness did not occur overnight. “Consumer debt does not arise overnight – […]
  • CGA calls for Patel to up EU orange fight as export season nears
    The Citrus Growers Association of South Africa (CGA) has made a clarion call to the South African government to ensure oranges will be exported to the European Union this year.GCA CEO Justin Chadwick said yesterday in a statement that they have written to Minister of Trade, Industry and Competition (Dtic) Ebrahim Patel, requesting that he […]
  • Anglo American Platinum’s production slips by 10% in the fourth quarter
    Anglo American Platinum (Angloplat) said yesterday that platinum group metals (PGM) production fell by 10% to 990 400 ounces in the fourth quarter to December 31, 2022.PGM production at own-managed mines fell 12% to 557 600 ounces due to lower grades from Mogalakwena and Unki, and infrastructure closures at Amandelbult, partially offset by a strong […]
  • PetroSA rubbishes claims of charging Eskom inflated prices for diesel
    State-owned PetroSA has hit out at claims of charging Eskom inflated prices for diesel. The claims were made by energy expert Chris Yellend and consultancy group EE Business Intelligence (EEBI), who said in a report that Eskom has been forced to pay exorbitant prices for diesel it buys in bulk from PetroSA, the financially distressed […]
  • Cabinet lekgotla’s key goal: end energy crisis sooner than expected
    The government aims to find a solution to end the ongoing energy crisis sooner than expected due to the devastating impact of rotational power cuts on the economy.This was the word from Minister in the Presidency Mondli Gungubele yesterday as the government held crisis talks at the two-day Cabinet lekgotla aimed at finding a lasting […]
  • 5 ways to make money from the comfort of your home
    The term "telecommuting" was first used in 1973 by Jack Nilles to refer to a different type of work arrangement where employees complete duties that are typically performed at a primary or central workplace such as an office, elsewhere.After several decades, working from home has become commonplace, a trend that has recently been accelerated by […]
  • Coal to be part of the baseload energy mix for some time to come yet
    It will be up to the coal industry to ensure that coal remains the major feedstock for South Africa’s energy requirements in the future, Mineral Resources and Energy deputy minister Dr Nobuhle Nkabane said yesterday.She said this in the opening address at the 18th South African Coal Conference in Cape Town yesterday.The global energy crisis […]
  • Attempted rape and assault charges against Manchester United’s Mason Greenwood dropped
    London — Manchester United forward Mason Greenwood has had all criminal charges against him dropped, police and prosecutors said on Thursday.Greenwood, who was suspended by United in January 2022 when accusations against him surfaced on social media, was charged with attempted rape, controlling behaviour and assault last October. He had been due to stand trial […]
  • Super Group share price rises after strong interim profit forecast
    Super Group expected to report a robust 30% to 40% increase in revenue in the six months to December 31 after it weathered a myriad of negative local and global events and drew on the benefits of its diversity, scale and experience.A positive trading statement and earnings forecast saw the share price rise 6.4% to […]
  • Rand rallies to 2-week high after US Fed interest rate decision
    The rand lifted by more than 1% to dip below R17 to R16.97 against the dollar at 3.30pm, its strongest since January 16, having closed around R17.15 to the dollar on Wednesday on a terrible week for the rand as it nearly touched R17.50 on Tuesday.As expected, the US Fed delivered a smaller 25 basis […]
  • Pouring fuel on South Africa’s many fires
    By Neil de Beer There can be no doubt that it seems if South Africa was a forest; there are so many fires raging and new ones flaring up.One cannot but notice that all political parties, big and small, are starting the 2024 election journey with full force. The raging Eskom load shedding melt-down and […]
  • RCL Foods expects lower interim earnings as it battles high costs, load shedding
    In a trading statement for the six months ending December 2022, RCL Foods said yesterday that it expected its interim headline earnings per share (HEPS) to decline as much as nearly 27% amid challenging market conditions and unprecedented load shedding. The expected decline from the comparative period was largely attributable to Rainbow and the Baking […]
  • Scatec sells its shares in Upington solar plant for nearly R1bn to Stanlib unit
    Scatec, a renewable energy company in emerging markets, said yesterday it had agreed to sell its 42% equity stake in the 258 MW Upington solar power plant to a subsidiary of Stanlib Infrastructure Fund II, managed by Stanlib Asset Management, for R979 million.Norfund is also selling its 18% equity share to Stanlib as part of […]
  • Sona: Cesa calls on government to commit to hike in infrastructure spending as a key economic driver
    Consulting Engineers South Africa (Cesa) on Thursday called on the government to commit to increased and informed spending on infrastructure as a key economic driver ahead of the State of the Nation Address (Sona) this month.Olu Soluade, the president of Cesa, as he presented his theme ‘Make a Difference by Collaborating for Change’ for 2023 […]
  • Seriti to begin 155 MW wind farm construction
    Privately owned Seriti, a major coal supplier to South Africa's state power utility Eskom, announced the acquisition of Windlab Africa's wind and solar energy assets last August, launching its foray into renewable energy.Seriti Resources CEO Mike Teke said the 155 MW wind farm, which is expected to feed power into the national grid by 2025, […]