Business

AI Index plunges 15% in a single trading session, marking its steepest decline since its inception.

Just over a year since it became the official “Home of Polo”, the Volkswagen Group Africa (VWGA) plant in Kariega has built 500,000 units of the latest iteration of this popular vehicle.

Tofaa company founder Kamvalethu Himunzowa took top honours at the Eastern Cape Iwisa No 1 Community Champions competition.

SA’s automotive industry leaders were honoured at the Naamsa Accelerator Awards function in Gqeberha on Friday.

New-vehicle sales surge past 50,000 units for third month running

Sales of imported vehicles, mostly from China, rose 30.2% in first six months, Naamsa says

Volkswagen Group is restructuring its business in India, a key growth market for the carmaker where it wants to invest more but is grappling with policy changes and growing competition, according to an internal memo reviewed by Reuters.

COTI Chocolates, founded by Chris Parkin in 2005, has teamed up with local entrepreneur, Patience Agar of Dovi Peanuts to launch a new range of granola bars coated in no added sugar chocolate.

The Nelson Mandela Bay Business Chamber has launched a new portal to connect investors with suppliers and service providers in the city.

Retail group Shoprite has increased revenue for the half-year to December by 9.4% to R130.8bn, boosted by strong performance from its South African supermarkets which delivered a record market share growth.