Category: BUSINESS
Sun Pharma approved to sell Ozempic generic in SA – SABC News
India’s Sun Pharmaceutical Industries has received approval from South Africa’s health regulator to manufacture and sell a generic version of semaglutide, the active ingredient in Novo Nordisk’s diabetes and obesity
Read MoreRamaphosa to officiate announcement of Toyota’s R10.4 bn investment
President Cyril Ramaphosa is expected to officiate the announcement of Toyota South Africa Motors‘ R10,4 billion investment in Durban on Thursday. The event will focus on the automotive industry’s transition
Read MoreDA approaches court to halt Mandela Bay’s new electricity tariffs
The Democratic Alliance (DA) will approach the Gqeberha High Court in the Eastern Cape to seek an urgent interdict to stop the Nelson Mandela Bay Municipality from further implementing new
Read More‘Action against SA businesses in other African countries is damaging’
The Presidency says retaliatory action against South African businesses operating in countries such as Ghana and Nigeria would damage investment and economic growth. The comments follow Ghana’s decision to postpone
Read MoreMoody’s cuts Israel’s 2026 growth estimate on tenuous ceasefire deals – SABC News
Israel’s 2026 economic growth will be lower than previously forecast and its debt higher, Moody’s Ratings said, citing elevated geopolitical risks and fragile ceasefire agreements with Iran and militant groups
Read MoreSA’s financial regulator launches probe into PIC
South Africa’s Financial Sector Conduct Authority (FSCA) has launched an investigation into the Public Investment Corporation (PIC), citing concerns over governance, leadership stability and transparency at the state-owned asset manager.
Read MoreOil prices rise as hostilities worsen in the Middle East – SABC News
Oil extended gains on Wednesday as President Donald Trump reimposed a naval blockade on all Iranian ports and Tehran launched strikes on US infrastructure in the region. Brent futures climbed
Read MoreNUM condemns De Beers’ decision to suspend production at Venetia Mine
The National Union of Mineworkers (NUM) has condemned De Beers’ decision to suspend production at Venetia Mine for two years. The company has also started Section 189 retrenchment proceedings, placing
Read MoreNDA cautions public against over-reliance on anticipated SARS refunds
With the 2026 tax season now underway and the South African Revenue Service (SARS) paying out billions of rand in early refunds, debt experts are warning consumers against risky financial
Read MoreManufacturing key to jobs and inclusive growth: Mashatile – SABC News
Deputy President Paul Mashatile says the future of South Africa should not solely be determined by extraction of its natural resources in their raw form but by the manufacturing, refinement,
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