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.

Moody’s backs South Africa as debt peaks in 2025

Moody's has confirmed that South Africa's government debt peaked at 86.8% of GDP in 2025 and will decline to 84.9%…

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…

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…

Dangote picks Mombasa for $17bn East Africa refinery

Aliko Dangote told the Financial Times he is leaning toward Mombasa over Tanzania's Tanga for…