Call to investigate factory shutdown in one of South Africa’s richest small towns

The VF Plus has approached the Competition Commission to investigate the potential closure of a fruit processing plant in Tulbagh in the Western Cape. View online Saturday, 22 August 2026 Your daily update Call to investigate factory shutdown in one of South Africa’s richest small towns The VF Plus has approached the Competition Commission to investigate the potential closure of a fruit processing plant in Tulbagh in the Western Cape. R54 billion state-run scheme under investigation A report from the Public Protector has revealed rampant misfunding at NSFAS, with R5.1 billion being given to 40,000 students who did not qualify. Top CEO questions where taxes go, and China’s mysterious oil imports Here are five important and investment stories in South Africa and globally on Saturday, 22 August. Nedbank has a warning for South Africa Nedbank chief economist Nicky Weimar warned that South Africa’s economy is at risk of stalling as consumer spending comes under pressure. Business and Technology News Vodacom and MTN explain why phone contracts have become expensive in South Africa South Africa's two largest mobile networks have given different explanations for rising contract prices. End of a 103-year monopoly in South Africa The Electricity Market Transformation Position Paper has been gazetted, and is available for public comment. The tiny South African town famous for tourism, trout fishing, and athletes training for the Olympics  Dullstroom evolved from a struggling Afrikaner settlement into a renowned trout-fishing destination and one of the world's leading high-altitude training centres for elite athletes. Must read One of Eskom’s biggest customers now gets electricity at a discount NERSA has approved a two-year negotiated pricing agreement between Eskom and Manganese Metal Company, allowing it access to cheaper electricity. South Africa’s rand breaks below R16 to the US dollar South Africa’s rand strengthened below R16 per dollar, erasing its Iran war losses as the greenback extended declines sparked by the US Treasury’s plan to buy back longer-end bonds. New CEO at 110-year-old South African company York Timber Holdings has appointed a new CEO, Schalk Barnard, following the resignation of Gabriël Stoltz in March 2026. Transnet spent R2.5 billion to keep South African fruit exports moving Transnet spent R2.5 billion over the last two years fitting the Port of Cape Town with wind-resistant equipment to better handle the country's fruit export volumes. Partner content How to modernise your mobile app with the help of Codehesion Codehesion will analyse your existing code for strengths and weaknesses, rewrite your code where needed, and add design improvements and modern features. Cell C more than halves net debt and adds 1.3 million subscribers In its first full year as a JSE-listed company, Cell C delivers 14% revenue growth, 20% wholesale growth, lower leverage, and joint #1 national ranking for network reliability Sponsored articles on Daily Investor – they just work Daily Investor readers are responsible for major financial decisions in their homes and businesses, and trust Daily Investor for the latest insights. More stories

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