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.

South Africa fuel petrol station pump price diesel record high Hormuz crisis
AfricaFinance

SA diesel hits R32 in historic fuel price shock

By
Africaspoint Editorial

South Africa's diesel price surged R6.19 per litre from May 6, pushing both grades past R32 for the first time…

Eskom South Africa electricity power grid transmission infrastructure capex investment
AfricaInfrastructure

Eskom plans R343bn capex after 320 load-shedding-free days

By
Africaspoint Editorial

Eskom plans R343 billion in capital expenditure over five years, targeting 70% energy availability, 5,500MW of new renewables and profit…

a large red sign on top of a building
AfricaBusiness

SA manufacturing bounces to 52.6 but rally in doubt

By
Africaspoint Editorial

South Africa's Absa PMI rebounded to 52.6 in April 2026 from 49.0 in March, returning to expansion for the first…

AfricaBusiness

NUM strikes at Implats in union recognition battle

By
Africaspoint Editorial

About 1,800 NUM members are on indefinite strike at Impala Platinum's No.1 Shaft in Rustenburg after the union exceeded the…

Africa fintech unicorn public listing 2026Africa startup funding Q1 2026

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…

Africa fintech unicorn public listing 2026Africa telecom infrastructure consolidation

Safaricom FY2026: record KSh80bn dividend, profit up 67%

Safaricom posted group net income of KSh99.7 billion for FY2026, up 67%, and declared a…

Enoch Godongwana Treasury fiscal policySouth Africa energy transition load shedding end

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 Mombasa refinery Kenya East Africa 2026Dangote Refinery IPO 2026

Dangote picks Mombasa for $17bn East Africa refinery

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

South Africa fuel petrol pump price relief diesel levy Treasury
Enoch Godongwana Treasury fiscal policySARB interest rates monetary policy 2026

SA slashes diesel levy to zero in R17.2bn relief

South Africa economy inflation consumer prices fuel cost of living
IMF Sub-Saharan Africa outlook 2026SARB interest rates monetary policy 2026

SA inflation edges to 3.1% before oil shock registers

East Africa banking consolidation 2026Shell South Africa exit

Varun Beverages buys Twizza for $125m

South Africa bank retail banking digital finance customers branch Capitec
Africa banking revenue McKinsey 2026Capitec Bank results 2026

Capitec crosses $1bn profit with 26 million clients

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