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.
Showmax shuts down after R4.9bn loss
MultiChoice has announced it will discontinue Showmax after the platform recorded a R4.9 billion trading loss in its last financial…
Cell C tests AI network fix with Odine
Cell C and Odine have signed a proof-of-concept agreement to test AI-driven network quality enhancement in South Africa, aligned with…
Africa’s first big battery is rewriting energy
South Africa's HEX Battery Energy Storage System in Worcester is delivering 100 MWh of stored power to Africa's first utility-scale…
Bolt is now legal in South Africa
Bolt South Africa has become the first major ride-hailing platform to register under the country's new e-hailing regulatory framework, receiving…
Newsletter
Airtel Africa profit triples to $813m as data beats voice
Airtel Africa reported FY2026 profit after tax of $813 million, up 147%, on revenue of…
Safaricom FY2026: record KSh80bn dividend, profit up 67%
Safaricom posted group net income of KSh99.7 billion for FY2026, up 67%, and declared a…
South Africa unemployment hits 32.7% as 345,000 jobs lost
South Africa's unemployment rate rose to 32.7% in Q1 2026 from 31.4% in Q4 2025…
Dangote picks Mombasa for $17bn East Africa refinery
Aliko Dangote told the Financial Times he is leaning toward Mombasa over Tanzania's Tanga for…