Money

ArcelorMittal South Africa’s Job Cuts: Unions Rally Against Looming Layoffs

ArcelorMittal South Africa (AMSA) is on the verge of cutting over 4,000 jobs, putting a significant portion of its workforce…

1 month ago

Relief at the Pumps: South African Fuel Prices Drop from Wednesday

Motorists across South Africa will pay less for fuel from Wednesday, 3 September 2025, as the Department of Mineral Resources…

1 month ago

U.S. Futures Slide as Pre-Market Trading Resumes After Labor Day

U.S. stock futures pointed lower on Tuesday morning as Wall Street reopened following the Labor Day holiday, with investors weighing…

1 month ago

Trump Pressures Fed Governor Lisa Cook to Resign Amid Mortgage Fraud Allegations

President Donald Trump has intensified pressure on Federal Reserve Governor Lisa Cook to resign, citing allegations of mortgage fraud tied…

2 months ago

Target CEO Brian Cornell to Step Down, Michael Fiddelke Named Successor Amid Sales Slump

Target Corporation has announced that longtime Chief Executive Officer Brian Cornell will step down from his role on February 1,…

2 months ago

Zahid Group’s $1.25 Billion Barloworld Acquisition Gets Green Light

The Competition Tribunal has officially approved the R23 billion (US$1.25 billion) acquisition of Barloworld Limited by a consortium led by…

2 months ago

Mango Airlines Rescue Plan Collapses as Investor Pulls Out

South African low-cost carrier Mango Airlines is now headed for closure after its last potential investor, Ubuntu Air, withdrew from…

2 months ago

United Airlines Restores Flights After Major Tech Glitch Grounds Hundreds Across the U.S.

United Airlines has successfully resumed operations after a sudden and widespread technology outage forced the airline to ground hundreds of…

2 months ago

Pick n Pay’s Bold Turnaround Plan: What Ackerman’s Praise for Summers Really Means

South African retail giant Pick n Pay is undergoing one of its most critical transformations in recent history—and the backing…

2 months ago

Tesla and Samsung Forge $16.5 Billion Chip Pact

In a deal that could reshape the competitive dynamics of both the automotive and semiconductor industries, Tesla and Samsung Electronics…

3 months ago