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.
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…
SARB cuts repo to 6.5 percent
South Africa's MPC cut the repo rate by 25 basis points to 6.5% on May 29, effective May 30, resuming…
