News24 Business

BMW SA has secured Canada as a new export market and is set to begin shipping X3s to the north American nation as soon as this year. brnw.ch/21wUpYt

Tesla and its CEO Elon Musk are walking an increasingly difficult tightrope as the company navigates declining electric vehicle sales and an autonomous driving business that has yet to get off the ground. brnw.ch/21wUpOF

Hyprop Investments has cancelled its R8-billion voluntary bid for MAS Real Estate, blaming the Romanian-focused group and rival suitor Prime Kapital for not sharing information about agreements related to their joint venture. brnw.ch/21wUq5r

German auto giant Volkswagen said Friday that tariffs imposed by US President Donald Trump had cost it 1.3 billion (R27 billion) euros in the first half of the year as it reported falling profit. brnw.ch/21wUq4A

The Passenger Rail Agency of South Africa (Prasa) and its key union reached a wage agreement that will see a 5.5% increase in workers’ pay across the board. brnw.ch/21wUq3D

To unlock the South African economy, the public sector (including state-owned enterprises and municipalities) should be halved, says political economist Moeletsi Mbeki. brnw.ch/21wUpZC

Over the course of a decade, outgoing CEO Brandon Leigh helped grow Rain from “a few people and a coffee machine” to an established telecommunications company worth R25 billion. He reflects on the lessons he learnt along the way. brnw.ch/21wUpX5

The SA Reserve Bank has finally drawn the line under one of its longest and most complex investigations – into exchange control violations at disgraced retailer Steinhoff. brnw.ch/21wUpVL

Ford Motor Company of Southern Africa has recalled over 1 000 Ford Ranger and Ford Everest models in southern Africa, it said on Thursday. This follows hot on the heels of two other recalls — 2 872 EcoSport vehicles and 1 796 Puma models. brnw.ch/21wUpSC

Indian company Natco Pharma’s R4-billion proposal to take a stake of almost 36% in Adcock Ingram was a vote of confidence in the JSE-listed Panado maker and South Africa, said CEO Andy Hall on Thursday. brnw.ch/21wUpSA

This is Bruce Whitfield’s Business Week, a weekly News24 podcast that respects your time and intelligence. brnw.ch/21wUpQe

Impala Platinum’s Zimbabwe unit is tripling its processing capacity in the country and plans to handle concentrates from other mining firms at its new smelter. brnw.ch/21wUpNn

Banyana Banyana’s Gabriela Salgado will be out of action for the rest of the year after suffering a mid-shaft fracture on her left leg during the team’s 2-1 loss to Nigeria in the semi-finals of the Women’s Africa Cup of Nations (Wafcon). brnw.ch/21wUpNf

Talks will continue at the Commission for Conciliation, Mediation and Arbitration (CCMA) between FlySafair and the union that represents most of its pilots, Solidarity, on Friday, after no agreement was reached on Wednesday. brnw.ch/21wUpKR

State-owned chicken producer Daybreak Foods has finally regained access to its IT systems after making a deal with its service provider, Altron Digital Business (ADB). brnw.ch/21wUpJS

A proposal by a large Indian group to take a stake of almost 36% in Adcock Ingram could help to give the JSE-listed Panado maker better buying power when it came to sourcing the active ingredients for its products. brnw.ch/21wUpIT

Just days before US import tariffs of 30% are to take effect, South Africa this week signed a new agreement that lays the groundwork for a final deal with the US. brnw.ch/21wUpHb

US President Donald Trump suggested that he would not go below 15% as he sets so-called reciprocal tariff rates ahead of an August 1 deadline, an indication that the floor for the increased levies was rising. brnw.ch/21wUpFA

Australia will ease restrictions on beef imports from the United States, the country's agriculture ministry said on Thursday, potentially smoothing trade talks with US President Donald Trump, who had attacked its rules. brnw.ch/21wUpEI

South Africa’s tame inflation has created room for the central bank to cut interest rates at each of its three remaining meetings this year, according to Goldman Sachs and Investec. brnw.ch/21wUpDJ