Distell, which owns brands such as Nederburg and Durbanville Hills has launched a stand-alone company to drive global sale of its premium wines. Libertas Vineyards and Estates will house portfolio of premium wines

In a first gut punch for consumers for 2019, Eskom is asking the National Energy Regulator (Nersa) for a 45% electricity increase spread over three years.

Hot off the heels of the global Black Friday phenomenon, retailers, brands and shopping centres across South Africa are now gearing up to make the most of 2018’s Festive Season which is already upon us.

Most businesses – retail and entertainment excluded – resemble ghost towns during the first and last weeks of the year. Energy levels are low in December, and employees daydream about cocktails on the beach. Come January, it takes a few days to get back into the swing of things.

A study by the Bureau of Economic Research (BER) has shown that the retail sector showed signs of a revival in the last three months of the year after the sector ran into trouble in the third quarter of the year.

Grocery retails have had a tough year, and like other retailers are hoping to see a boost in sales over the festive season.

The SA economy has officially exited the recession after reporting 2.2% GDP growth for the third quarter of the year, Stats SA announced on Tuesday morning at a briefing in Pretoria.

Online sales for Black Friday and Cyber Monday 2018 exceeded figures for 2017, according to BankservAfrica, Africa’s largest automated payments clearing house.

After a long delay, President Cyril Ramaphosa has finally signed the National Minimum Wage Bill into law.

South Africans are looking forward to some significant fuel price relief in December, and current data shows that the price decreases could be even bigger than expected.

StatsSA announced on Wednesday (21/11/2018) that annual consumer price inflation had come in at 5.1% for October, 0.2 percentage points higher than the 4.9% for September.

Eskom recently announced that it would be re-introducing load shedding due to a worsening generation system.