In some good news for the South African economy, Mpact has decided to invest R1.2-billion in the Mkhondo Paper Mill in Mpumalanga.
The project will be funded through a combination of internally generated profits and debt, with the company guiding that borrowings will peak in 2024.With consumers facing every inflationary pressure imaginable, higher bond repayments and rising interest rates, there simply isn’t enough money lying around for major home improvement projects. If you throw Eskom into the mix and the depression it causes among consumers, the willingness to improve our homes disappears.
As one of the best retailers on the continent, Shoprite must have its reasons. After the Competition Commission finally ruled on this deal, it can apply those reasons to most, but not all, of the desired stores.
Like giving chickens
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