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.
SA’s Biovac wins $108m to build Africa’s vaccine factory
Cape Town's Biovac has secured €75 million from the EIB and $20 million from the IFC to build Africa's first…
Platinum overtakes coal as SA’s top export
South Africa's platinum export volumes rose 18% year-on-year in Q1 2026 as China and European demand rebounded, with PGMs overtaking…
SA mining hits 2-year high on platinum surge
South Africa's mining output surged 9.7% year-on-year in February, the fastest pace since February 2024, driven by a 52.3% jump…
South Africa manufacturing contracts for fourth straight month
South Africa's manufacturing output fell 2.8% year-on-year in February 2026, the fourth consecutive monthly contraction and worst since April 2025,…
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…