Siphelele Dludla

Stocks on the JSE surged to a four-month high yesterday driven up by top-performing resource-linked stocks and financials while the rand also firmed strongly to a two-week high.

President Cyril Ramaphosa has paid an emotional tribute to the pioneer businessman, farmer, philanthropist and the father of African Bank, Dr Sam Motsuenyane.

The Dr Sam Motsuenyane Foundation said he was a tireless advocate of social justice and economic empowerment.

The South African Commercial Catering and Allied Workers' Union (Saccawu) could be liable for nearly R9.4 million in damages to Massmart Holdings after its appeal against the Labour Court judgement was dismissed.

On Monday, the Labour Appeal Court dismissed Saccawu’s appeal for exception that the Labour Court lacked jurisdiction to order the payment for any loss attributable to a strike or lock-out.

Dr Samuel Mokgethi Motsuenyane was a towering, larger-than-life figure in the black business community due to his illustrious career and highly coveted accomplishments.

This is not the first time the BBC has raised the issue of the creation of a black-led and focused financial institution for the benefit of black business.

Managers in the manufacturing industry in South Africa have remained concerned about the expected return of load shedding in the winter months and

However, Mali said that depending on the election outcome —and ultimately the balance of power in the event of a coalition government — further progress could be difficult.

Moody’s Investor Services says that depending on the election outcome — and ultimately the balance of power in the event of a coalition government — further progress could be difficult.