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.
ARM signs Boliden nickel deal to restart Nkomati
African Rainbow Minerals has signed a conditional nickel concentrate offtake deal with Sweden's Boliden to supply its Harjavalta smelter in…
SA slashes diesel levy to zero in R17.2bn relief
South Africa's National Treasury has extended its R3/litre petrol levy cut to June 2 and slashed the diesel general fuel…
SA inflation edges to 3.1% before oil shock registers
South Africa's CPI rose to 3.1% in March 2026, matching economist forecasts, as the Hormuz conflict's full impact on fuel…
Varun Beverages buys Twizza for $125m
Varun Beverages, PepsiCo's largest bottler outside the US, completed the R2.1 billion ($125 million) acquisition of South Africa's Twizza in…
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…