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.
FirstRand dumps UK bank after $993m car loan hit
South Africa's FirstRand will exit UK bank Aldermore after raising motor loan provisions to £750m ($993m), more than a decade…
South Africa pulls record $53bn in one day
South Africa's 2026 Investment Conference closed with a record R889.8bn ($53bn) in pledges across 81 projects. Ramaphosa raises five-year target…
South Africa gets only 1% of global mining spend
South Africa attracts just 1% of global mineral exploration spend despite world-class reserves. Anglo American's R600m injection brings the Junior…
Cape Town turns rubbish into power for 4,300 homes
Cape Town's R93 million landfill methane plant powers 4,300 homes, feeds 1.2 million kWh monthly into the city grid, and…
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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…