Major relief as Trump backs down on tariffs

US President Donald Trump last night lowered tariffs on goods from dozens of countries to 10% for 90 days.

Officials dismissed over illegal hospital tender

Five Gauteng Government officials have been dismissed for their role in awarding an irregular tender to refurbish a private hospital for over half a billion rand.

Spar accepts SCA’s ruling on credit dispute

Spar has acknowledged the SCA’s decision to dismiss its request for special leave to appeal in its long-running credit dispute with the Giannacopoulos Group, Business Day says.

Spar loses SCA battle with biggest franchisee

Spar has been dealt a blow after the SCA slapped down its special leave application to overturn a High Court ruling that its decision to cut off its biggest franchisee, the Giannacopoulos Group, was done in bad faith.

High-profile media battle heads to ConCourt

JSE-listed Caxton and privately-run Capital Newspapers have announced that they are taking their legal battle directly to the Constitutional Court following the Competition Appeal Court’s ruling that allows Media24 to shut down several of its print publications, including Beeld, Rapport, City Press, and Daily Sun.

Ex-Dimension Data execs to appeal scathing BEE deal ruling

Six white former executives of IT group Dimension Data say their legal team is preparing an application for leave to appeal a High Court ruling that implicated them in a ‘brazen and dishonest’ scheme to benefit from a lucrative BEE property deal, according to Fin24.

The Strategic Benefits of En Commandite Partnerships in Structuring Transformation Deals for Government Procurement

En commandite partnerships offer a strategic advantage in structuring transformation deals for government procurement, balancing BBBEE compliance with operational control. This article explores the legal benefits of en commandite partnerships, highlighting their role in attracting investment, managing risk, and ensuring long-term sustainability in public procurement projects, all while driving meaningful transformation in South Africa’s economy.

Consumer Commission identifies 40 untraceable suppliers

The National Consumer Commission has warned South Africans to be cautious after it identified 40 suppliers it can no longer trace, TechCentral says.

Ninety One and Sanlam confirm ‘long-term relationship’

London Stock Exchange and JSE dual-listed global asset manager Ninety One is set to acquire all the issued shares in Sanlam Investment Management (SIM), while Sanlam Group will, in turn, receive a 12.3% stake in Ninety One, the group said in a joint statement issued on Sens yesterday.

Red flags over high-profile media merger

A court showdown involving some of SA’s major media stakeholders looks set to reshape the country’s media landscape.

BP confirms Cape Town fuel shortage

BP SA has confirmed that it is experiencing a fuel shortage at its service stations in Cape Town after an unplanned local refinery outage.

Chinese e-tailers must have SA bases

Takealot has told SARS that Chinese e-commerce majors Shein and Temu should be forced to set up bases in SA through local offices and distribution centres so that the fiscus and economy benefit from their operations.

Sibanye takes massive hit in UK court dispute

Sibanye-Stillwater may be liable for as much as $1.2bn (about R21bn) in compensation to a UK private equity firm after a court ruling that threatens to worsen the strain on a company already reeling from tumbling platinum group metal (PGM) prices, reports Business Day.

Banxso’s link to the Banc de Binary scam unpacked

The Cape Town-based trading platform Banxso has strong links to one of the world’s largest international binary options scams operating between 2010 and 2017.

MultiChoice accepts Canal+'s 'fair' offer

Standard Bank, roped in as an independent expert to consider French media giant Canal+'s R125 per share offer for MultiChoice, has determined the offer is fair and reasonable.

Retail giant Pick n Pay ‘technically insolvent’

Pick n Pay is technically insolvent and has breached all its debt covenants, which shows the retailer is in serious financial trouble.

Developer forced into share sale agreement

Michael Georgiou, a non-executive director at JSE-listed Accelerate Property Fund, was forced into a share sale earlier this month which saw 107m shares in the group disposed of.

Binance fights minority partner in SA court

Binance Digital Ltd – the world’s largest cryptocurrency exchange in terms of daily trading volumes – has been hauled to court in SA to thwart its attempt to force a business partner into arbitration which would keep its business conduct out of public attention, says a Daily Maverick report. 

Telkom shareholders approve Swiftnet sale

Telkom shareholders have approved a deal that will see SA’s largest fixed line operator selling its masts and towers portfolio.

Steinhoff executive jailed in Germany

A former business associate of the late Steinhoff boss Markus Jooste has been sentenced to six years in jail in Germany on 20 counts of tax evasion.