Tuesday, 22 September 2026

Blue Mountain Racing proposed a R6.7 billion Western Cape motorsport complex, including an F1-grade circuit, amphitheatre, conference facilities, lake and trackside developments.

The proposed project is expected to create about 15,000 construction jobs, 15,000 direct and indirect operational jobs, and 8,000 temporary race-week jobs.

Balwin shareholders approved the PIC’s R2.26 billion buyout with 98.48% support, taking the property developer private after 11 years on the JSE.

The National Bargaining Council rejected claims that R2.59 billion in worker contributions was misclassified, saying funds exceeded liabilities and remained available for employee claims.

South Africa’s olive-oil producers are struggling against global oversupply and cheaper imports; the country imports roughly 50% to 60% of local consumption despite strong product quality.