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.
Capitec crosses $1bn profit with 26 million clients
Capitec Bank posted R16.8 billion ($1.02 billion) in headline earnings for FY2026, crossing the billion-dollar profit mark for the first…
US backs Phalaborwa despite SA diplomatic rift
The US DFC has committed $50 million to South Africa's Phalaborwa Rare Earths Project despite Trump's aid freeze on Pretoria,…
IDC saves Tongaat Hulett from liquidation for now
South Africa's IDC injected R200 million into Tongaat Hulett on April 17, raising its total rescue funding to R2.5 billion…
Nedbank wins clearance for $856m NCBA Kenya deal
South Africa's Nedbank has secured Kenya's Capital Markets Authority exemption to proceed with its $856 million acquisition of 66% of…
