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…
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…