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.
Nedbank wins clearance for $856m NCBA Kenya deal
South Africa's Nedbank has secured Kenya's Capital Markets Authority exemption to proceed with its $856 million acquisition of 66% of…
SA startup raises $5.2m for AI TB stethoscope
Cape Town's AI Diagnostics raised $5.2 million to scale its Ostium AI-powered digital stethoscope, which screens for tuberculosis by analysing…
Ramaphosa offers Starlink a BEE workaround
President Ramaphosa offered Starlink an equity-equivalence compliance path on April 15, but SA's telecoms licensing rules require specific regulatory changes…
ADNOC eyes Shell’s 600 SA fuel stations for $1bn
ADNOC is in advanced talks to acquire Shell's 600 South Africa fuel stations for about $1 billion, ending 120 years…
Newsletter
South Africa’s June 30 shutdown arrives
Anti-immigration protesters marched across South Africa's major cities on June 30, the deadline set by…
US-Iran truce sends oil crashing
A US-Iran ceasefire agreement and the reopening of the Strait of Hormuz have sent Brent…
MTN’s MoMo is going super app
MTN Group Fintech has partnered with Ant International, the global payments firm behind Alipay, to…
AfDB backs Arua airport in Uganda
The African Development Bank has approved $180 million to upgrade Uganda's Arua Airport into an…