South Africa

South Africa business news from Johannesburg, Cape Town, and Durban. Mining, finance, energy transition, and corporate developments from Africa’s most industrialized economy.

Shiprazor raises $2.65m to fix Africa e-commerce logistics

Cape Town logistics startup Shiprazor raised $2.65 million in seed funding, bringing total capital to $3.3 million, to expand its…

Secha Capital closes on $40m to back SA’s real economy

South Africa's Secha Capital reached the second close of its $40 million Fund II with E Squared Investments joining as…

ConCourt puts SA’s NHI on trial over corruption risk

South Africa's Constitutional Court began hearing the NHI Act challenge on May 5, with justices probing whether Parliament conducted meaningful…

SA diesel hits R32 in historic fuel price shock

South Africa's diesel price surged R6.19 per litre from May 6, pushing both grades past R32 for the first time…

Abiy unveils Addis Ababa’s riverside makeover

Ethiopian PM Abiy Ahmed inaugurated the Entoto-Kebena River and Riverside Development Project in Addis Ababa…

EU’s steel tariff hits South Africa

The EU's new steel import framework took effect July 1, imposing annual quotas with a…