UK inflation data and New Zealand rate hike remind investors that global economy still faces many challenges
Though highly skilled, SA farmers need access to support services to meet consumer demand for close-at-hand ethically farmed, organic produce
More people will qualify for the social relief of distress grant after the means test threshold was increased
The governing party is discussing whether those criminally convicted of a serious crime should still have a home in the ANC
The social media and gaming giant is grappling with a downturn in China’s economy, amid a property slump and Covid-19 lockdowns
With price relief awaiting motorists in September, Outa is worried the fuel levy will be increased to offset the scrapping of e-tolls
The aim is to have 65% of the business’s electricity requirements at a manufacturing level across SA sourced from sustainable energy by 2030
UN special rapporteur Tomoya Obokata concludes that forced labor among ethnic minorities has been occurring in Xinjiang
England Test captain says he hopes his team has retained their “venom” before the three-match series against SA
The fitment centre group has partnered with Disky for motorists to renew their vehicle licenses using WhatsApp
Fortress CEO-designate Steve Brown says the property fund, which owns more industrial property than any real estate company listed on the JSE, is ready to sell its stake in shopping centre landlord, Resilient.
Brown told Business Day that Fortress’s 10% stake in Resilient was no longer a key investment and that it could be sold soon. He said the funds received would then be invested in either developing new logistics properties or in buying high-end ones.
Fortress’s Resilient stake is worth about R2.7bn. It also owns a quarter of east European shopping centre owner Nepi Rockcastle with its stake worth about R17.9bn, and a R750m stake in Lighthouse Capital and more than R30bn worth of property directly. Fortress, which was formed by former directors of Resilient and listed in 2009, has been trying to separate itself from companies that were considered to be its stable partners. Fortress, Resilient, Nepi Rockcastle and Lighthouse Capital had been considered to be in the Resilient stab...
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