Category: BUSINESS
Apple shares tumble over supply chain snarls – SABC News
Apple shares fell nearly 10% on Friday after a disappointing forecast showed that the iPhone maker was struggling to secure enough components as the AI-driven data center boom strains global
Read MoreLIVE: Ramaphosa launches Seriti Green wind farm commercial operations
President Cyril Ramaphosa is officiating the launch of commercial operations at the Ummbila Emoyeni Energy Farm near Bethal, Mpumalanga. The Seriti Green-managed project is part of South Africa’s Just Energy
Read MoreMohai not correct choice for PIC board chairperson position: DA
The Democratic Alliance (DA) says it does not believe Deputy Minister in the Presidency responsible for Monitoring, Planning and Evaluation Seiso Mohai was the only one available to occupy the
Read MoreGhana’s cocoa production is expected to fall 16% next season – SABC News
Ghana’s cocoa production is expected to fall by at least 16% in the 2026 to 2027 season, market regulator COCOBOD said, citing weather effects, the crop’s natural fruit-bearing cycle and
Read MoreFinance Committee welcomes new PIC board chair – SABC News
The Standing Committee on Finance has welcomed the appointment of the Deputy Minister in the Presidency responsible for Planning, Monitoring and Evaluation, Seiso Mohai as the new board chairperson of
Read MoreUse of AI by SARS does impact on taxpayers’ rights: Institute – SABC News
The South African Institute of Taxation says the use of artificial intelligence (AI) by the South African Revenue Services (SARS) does have an impact on taxpayers’ rights. Head of tax
Read MoreAdidas shares plunge record 19% as World Cup bump falls short – SABC News
Adidas investors punished the German sportswear maker’s profit miss on Thursday, dragging its shares down a record 19% despite the company lifting its annual sales outlook on demand for its
Read MoreFed holds rates steady; three policymakers dissent in favor of a hike – SABC News
The widely expected decision to leave the benchmark interest rate in the 3.50%-3.75% range drew dissents from three of the 12 members of the policy-setting Federal Open Market Committee who “preferred” a
Read MoreDollar eases as markets await Fed decision – SABC News
The US dollar slipped but remained near a one-month high on Tuesday, as traders weighed the prospect of a Federal Reserve interest-rate hike this week, even as falling oil prices
Read MoreJudgment in suspended PIC CEO’s reinstatement case reserved
Judgment has been reserved in suspended Public Investment Corporation (PIC) CEO, Patrick Dlamini‘s case to be reinstated. The case was heard by Judge Mandla Mbongwe in the Gauteng High Court
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