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R7bn Zimbabwe blow in Tongaat Hulett’s restated results

Tongaat Hulett finally released its financial results for the year to end-March as well as its restated results for 2018 on Tuesday. The figures show an almost R11.9 billion reduction in the groups equity, mainly due to a R7 billion hit from its Zimbabwean bu…

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Exposed – Fake power bank capacity claims in South Africa

When shopping for power banks in South Africa, you should be wary of fake products which have far less capacity than they claim on their packaging. There are a number of suspicious power banks listed for sale in South Africa, usually boasting very high capac…

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Here’s who will be hiring in South Africa at the beginning of 2020

The ManpowerGroup has published its latest employment outlook survey, showing that South African employers have ‘soft’ hiring intentions in Q1 2020. The group’s data shows that while 10% of employers forecast an increase in payrolls, 8% anticipate a decrease…

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Anglo American cuts output targets for coal, iron ore and diamonds

Sishen mine is Kumba Iron Ores flagship operation and one of the worlds largest open pits. (Image: Kumba Iron Ore.) Anglo American (LON: AAL) has cut its production forecasts for coal, iron ore and diamonds for the next two years, but is bullish on the outl…

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Diamond crisis gets worse for De Beers

Anglo American Plc curbed its diamond-mining plans for the next two years after sales slumped in 2019 amid a wider industry crisis. Anglo said its De Beers unit will mine 1 million carats less than previously expected in both 2020 and 2021. Still, production…

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WATCH | Mercedes’ G500 is the (pricey) gift that keeps on giving

The Mercedes-Benz G-Class is one of the world’s most iconic vehicles, and yes that line might be over repeated but it’s true.  It’s been around for forty years and some owners still drive the one they bought four decades ago. Wheels24 attended the internatio…

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Could my ‘hay fever’ actually be an irritation caused by something else?

If you find yourself battling symptoms like nasal congestion, sneezing, itchy eyes or a nagging dry cough this time of year, you are not alone. More than 17 million South Africans suffer from hay fever (also known as allergic rhinitis), and according to a pr…

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WATCH: Wind power could ease load shedding but is blocked by government regulations

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Nissan SA rejigs Qashqai range and upgrades infotainment system

Nissan South Africa has rejigged its Qashqai range while also introducing a new NissanConnect 2,0 infotainment system in all but the base variant. The local Qashqai line-up have been trimmed from seven to five derivatives, including a new 1,2T Tekna CVT fla…

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Honda to cut model complexity as quality crisis hits profits

Industry news / 10 December 2019, 10:19am / Norihiko Shirouzu and Naomi Tajitsu Honda CEO Takahiro Hachigo presents the new Honda Jazz at the Tokyo Motor Show. File picture: Edgar Su / Reuters. UTSUNOMIYA, JAPAN – At a two-day gathering for Honda’s supplier…