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.
JSE Up 44% in a Year. BofA Says the Run Is Not Over Yet.
Bank of America says South Africa's record stock market run has further to go, driven by gold up 86%, platinum…
South Africa’s Data Hosting Shift Turns Compliance Into Strategy
South Africa's tightening data governance framework, led by POPIA and the National Cloud and Data Policy, is pushing businesses from…
Karooooo Billionaire Calisto Moves Into Car Insurance
South Africa's Competition Commission has backed Karooooo billionaire Zak Calisto's bid to buy into King Price insurer via two acquiring…
South Africa’s Debt Crisis Has Peaked
Finance Minister Enoch Godongwana told Parliament that South Africa has turned a corner on debt, with the ratio expected to…
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…