Category: SA Investing

Local pharmaceutical manufacturers in South Africa, represented by Pharmaceuticals Made in SA, are warning that government procurement policies are increasingly favouring imported medicines over local production. They argue that this shift, driven by large state tenders such as HIV/AIDS drugs, vaccines and solid-dose medicines, is reducing local manufacturers’ market share, threatening jobs and weakening national…

South Africa’s farmers are on the frontline of a worsening climate crisis — and most are dangerously exposed. A string of devastating storms has exposed a gaping hole in agricultural risk coverage, with many farmers, particularly smaller and emerging ones, carrying little or no insurance. The losses are mounting, the recovery times lengthening, and food…

This article was first published on Business Day Key topics: Shoprite adds free pet insurance via Outsurance partnership Pet care market grows fast but remains highly price sensitive Retailers expand pet services, loyalty, and digital delivery channels By Nompilo Zulu Shoprite says its Petshop Science has partnered with Outsurance to offer its fur customers free accidental…

Key topics: No VAT fraud findings; BDO report mischaracterised; SAICA engaged Dispute with Amaan Sayed after SPAR Guild membership rejection SPAR to pursue legal action over defamation; backs leadership and strategy By Fortunate Magabe The SPAR Group wishes to address the recent media report published by Business Day to provide a more accurate account of matters involving…

Key topics: Akademia’s R3.2bn Pretoria campus construction gains momentum First students expected as Pretoria campus opens in 2028 Akademia secures land for major new Western Cape campus By Hanno Labuschagne New photos of construction activity at Solidarity’s R3.2-billion Akademia private university campus in Pretoria East reveal substantial progress since the project officially kicked off in January…

Listen here Business Day journalist Nompilo Zulu unpacks allegations of VAT fraud and accounting irregularities at Spar’s Bloed Street Tops store, after a BDO due-diligence report flagged unreliable financials, alleged tax underdeclarations and stock-related concerns. Spar strongly disputes the claims, saying the matter relates to one store and follows a failed bid by businessman Amaan…

Key topics: Morocco overtakes South Africa as Africa’s top industrial economy South Africa’s competitiveness hit by power and investment woes AfDB says North and Southern Africa still lead manufacturing output By Ana Monteiro Morocco overtook South Africa as the continent’s most industrialized economy last year as it upgrades its offering, diversifies exports and implements growth policies,…