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.

Canal Plus hits JSE June 3

Canal Plus will list on the Johannesburg Stock Exchange on June 3, 2026 under code CNP, becoming the first French…

Rupert’s Richemont posts record $26bn sales

Richemont reported revenue of €22.4 billion ($26 billion) for FY2026, up 11% at constant exchange rates, with net profit surging…

Standard Bank tops Africa at R517bn

Standard Bank Group closed May 23 at a market capitalisation of R517 billion ($31 billion), overtaking Capitec at R511 billion…

HCI lifts earnings 50% on coal boom

HCI reported headline earnings per share up 50% to 2,247.9 cents for the year ended March 2026 on revenue of…

US-Iran truce sends oil crashing

A US-Iran ceasefire agreement and the reopening of the Strait of Hormuz have sent Brent…

MTN’s MoMo is going super app

MTN Group Fintech has partnered with Ant International, the global payments firm behind Alipay, to…

AfDB backs Arua airport in Uganda

The African Development Bank has approved $180 million to upgrade Uganda's Arua Airport into an…

South Africa braces for June 30

South Africa's police service has activated joint operations in all nine provinces at a projected…