South Africa's news, summarised.
Retirees in South Africa are facing a staggering R213,000 annual tax bill due to a single tax mistake, with many unknowingly drawing their retirement income from the wrong source. This oversight can quickly add up, highlighting the importance of having a solid emergency fund in place, such as six months' worth of living expenses, to avoid such costly errors. By considering their entire tax position and investing in a tax-free savings account, retirees can mitigate such mistakes and protect their retirement savings.
Meta's official South African launch of its smart glasses later this year has raised concerns about potential criminal liability, as the country's strict data protection laws - including the Protection of Personal Information Act (POPIA) and the Cybercrimes Act - may not be fully aligned with the glasses' features, such as discreet recording capabilities. The glasses, which include the latest Ray-Ban Meta Gen 2 model, will be available with full warranties or better pricing, but locals are advised to be cautious when purchasing.
South Africa has introduced new rules for gambling on phones, with Communications Minister Solly Malatsi announcing a regulatory framework to govern the industry. The move comes as the National Gambling Board works to finalize regulations on gambling advertising, building on the existing National Gambling Act and provincial legislation that provide the regulatory and licensing framework for the sector. The new rules aim to protect consumers and ensure a level playing field for operators.
The South African government has announced a surprise cut to petrol prices, reducing the general fuel levy by R3 per litre, effective immediately. This move, backed by the Automobile Association of South Africa, comes after six years of relatively stable levies, with the only recent increase being a 7-cent hike in 2026/27. The AA has called for the scrapping of the RAF levy, currently at R2.25 per litre, and for the government to explore alternative funding methods to support the fund.
New direct flights between Cape Town and Johannesburg will begin on 4 December 2026, marking a significant expansion of air travel options for passengers in the region. The airline, Airlink, will operate the flights using an Embraer E190 aircraft, accommodating 98 passengers at a time, with a unique seating arrangement featuring only window and aisle seats. With increased frequencies to four daily return flights, effective from 27 March 2027, travelers will enjoy more convenient and flexible travel options.
The South African government has clarified that refugees and asylum seekers will not automatically enjoy the same labour market privileges as citizens, contrary to social media claims. The proposed Employment Services Amendment Bill, introduced in May 2026, aims to strengthen the domestic labour market and protect employment opportunities for vulnerable job seekers and youth, not to grant automatic citizenship rights. The clarification aims to restore public confidence in the government's intentions.
The 2026 Peugeot Landtrek has been updated with a new 2.2D turbodiesel, priced from R666 900 for the Allure variant and R759 900 for the 4Action. This engine upgrade brings improved fuel efficiency and performance, making the Landtrek a more attractive option for those seeking a reliable work vehicle. With features like a 10-inch touchscreen infotainment system and a comprehensive five-year service plan, the updated Landtrek is now more appealing than ever, with prices that offer great value for its capabilities.
South Africa's economic growth forecast has been slashed from 1.8% to a mere 1% due to surging oil prices and a weakened rand, a stark reversal of fortunes for Finance Minister Enoch Godongwana. This unexpected turn of events comes as the government prepares to release its Medium-Term Budget Policy Statement (MTBPS), a test of credibility for the administration, which had previously celebrated a successful Budget in February. The MTBPS will now be a resilience test, with Godongwana set to provide an update on government spending and revenue amidst the economic uncertainty.
South Africa's Road Accident Fund Levy is set to increase to R3.00 per litre, marking a significant shift in the country's approach to funding its road safety program. The move is aimed at addressing the fund's declining revenue, which fell by 5% to R48.1 billion in the 2025/26 financial year, largely due to reduced fuel volumes. The RAF is also exploring additional revenue sources, including levies on foreign-registered vehicles and vehicle registration, in a bid to bolster its finances.
President Cyril Ramaphosa is set to chair a commission aimed at streamlining South Africa's state-owned companies, marking a shift towards greater coordination and efficiency. The commission's review of a national strategy will standardise governance practices, eliminating duplication and paving the way for rationalisation of entities. As part of the broader reform effort, the government is working on guidelines for appointments and remuneration, as well as a framework for rationalising the firms, a move that could potentially lead to the listing or privatisation of some companies.
A 2025 Audi RS e-tron GT Quattro with just over 5,000km of use is being sold for R1,999,999, representing a staggering 90% depreciation in value over the past year. This phenomenon is not isolated to South Africa, with international reports documenting a similar decline in value for the electric Audi. In contrast, other vehicles like the Toyota Hilux retain significantly more of their original value, highlighting a stark disparity in the long-term durability of electric vehicles.
A criminal investigation has been launched into Sasol's Secunda operations, with the National Prosecuting Authority and environmental investigators scrutinizing the company's environmental practices. This probe follows a response to parliamentary questions, where Forestry, Fisheries and the Environment Minister David Maynier shared details with National Assembly member Noluthando Makasi. The investigation's outcome, though still in its early stages, raises concerns about the company's compliance with environmental laws and the government's ability to hold it accountable.
Mini's latest offering, the 2027 Mini Countryman Untamed Edition, is set to hit South African roads in the second quarter of 2027. This variant of the Countryman S ALL4, priced from R815 000, promises to bring off-road capabilities to the table, underscoring Mini's commitment to catering to the country's growing 4x4 market. With its arrival, Mini's local arm has confirmed its plans to bring this exclusive model to the South African market.
Ster-Kinekor's newly upgraded cinema complex in Tyger Valley Mall is set to revolutionize the entertainment scene in South Africa, with its "business class" of cinemas now open to the public. The revamped site boasts four cutting-edge technological and experiential offerings, offering a superior cinematic experience. As bookings for blockbuster titles and entertainment offerings are now live, it's clear that Ster-Kinekor has successfully redefined this regional entertainment hub, elevating the overall Tyger Valley Mall experience.
The South African Reserve Bank has unveiled a new plan to adjust interest rates, with policymakers now incorporating direct feedback from businesses to inform monetary policy decisions. This more frequent and timely approach, which considers a broader range of variables, is seen as a significant shift in the bank's strategy. As a result, interest rates are expected to rise by two more times over the next six months, sparking concerns about the impact on the economy.
The Competition Commission is moving to revoke approval of the R6.5 billion merger between Premier Group and RFG Holdings, citing a breach of conditions that included employment protections. The shutdown of a 72-year-old factory in Tulbagh, Western Cape, in July, which was a key condition, has sparked the commission's action. The commission's decision highlights the importance of transparency in large mergers, and raises concerns about the impact on workers who may face job losses as a result of the deal.
Big changes are on the horizon for car insurance in South Africa as the industry continues to adapt to the growing presence of electric vehicles on the roads. Insurers are struggling to keep pace with the evolving market, with repair facilities lacking the necessary equipment and training to work safely on high-voltage EV systems, and claims data still being built out around accident frequency and repair costs. This growing gap highlights the need for insurers to upskill and invest in specialist skills to ensure they can handle the unique challenges of EV ownership.
The South African Reserve Bank has announced a significant shift in its approach to setting interest rates, introducing direct feedback from businesses to better gauge economic activity. This new method, which accounts for more variables than existing surveys, will provide policymakers with a more comprehensive understanding of the economy, enabling them to make more informed decisions. As a result, the bank now expects two more interest rate increases over the next six months, following a recent quarter-point hike.
Despite recording the lowest Financial Confidence Index score among South Africa's nine provinces, Western Cape residents are actually better off financially, with the province boasting the second-highest financial well-being score. This paradox reveals a complex picture, where financial self-determination and resilience are lagging behind, but overall financial well-being is on the upswing. The contrast raises questions about the disconnect between financial confidence and real-life financial stability.
Afrimat, a prominent South African miner, is facing its worst six months in 20 years, with the company describing the period as among the most difficult it has ever experienced. The struggles, largely attributed to its iron ore division, have led to a significant decline in profitability, and Afrimat now expects its earnings per share to swing to a loss of between 60 and 55 cents. This bleak outlook has significant implications for the company's financial health and future prospects.
South Africa's debit order industry is shifting towards automation, with manual collections falling behind as modern payment technology takes hold. This change is transforming the way businesses collect recurring payments, moving away from manual processes and towards a broader, automated revenue-management system. While this shift reduces preventable failures, it cannot eliminate genuine issues such as insufficient funds, leaving businesses to navigate a more complex landscape.
As the final quarter of 2026 gets underway, investors are bracing for a potentially volatile ride, with markets expected to remain highly sensitive to key economic indicators, including inflation data and central-bank guidance. After a year of improving sentiment, South African investors are now entering a period of heightened uncertainty, prompted by concerns over inflation, oil prices, and refining costs, which could impact portfolio performance.
A South African court has ruled in favor of landowners, with the government ordered to pay R1.7 million in legal costs after a lengthy battle over the Expropriation Act. The law, passed in 2025, aimed to enable the government to seize private land for public use, but faced significant opposition from groups such as AfriForum and the Institute of Race Relations. The outcome highlights the growing tensions between the government's efforts to reclaim land for public benefit and the rights of private landowners.
South Africa's Film and Publication Board has ordered online adult content publisher Aylo to pay a hefty fine of R750,000, following the board's crackdown on unregistered distributors. The move comes after 21 distributors, including Aylo, were issued fines for failing to register in the country. Aylo has denied any knowledge of the fines, sparking concerns over the board's enforcement of local regulations, which may have far-reaching implications for the global online content industry.
The 2026 Chery Q has officially launched in South Africa, marking a significant entry point for the Chinese automaker in the local electric vehicle market. With a value-oriented approach, the Q boasts a claimed operating range of up to 400 km and a starting price of R349 900, positioning it as an affordable option for budget-conscious buyers. The Q's comprehensive service and warranty package, including five years of maintenance and a 10-year battery warranty, further enhances its appeal to South African consumers.
South Africa's diesel buyers are facing a new tax headache as the country transitions to a modernized and dedicated diesel refund framework. All businesses must re-register for the system, introducing new registration obligations and greater supply-chain visibility, which may lead to a renewed focus on compliance and substantiation. With the new claims environment still shrouded in uncertainty, businesses are preparing for a change without complete certainty, as SARS has yet to outline its stance on altered substantiation requirements or new standards.
Ford South Africa has confirmed the local introduction of the Ford Mustang GT Nite Pony package, which boasts a distinctive look with ebony black accents, including 19-inch aluminium wheels, Pony badges, and a black roof. This visual makeover comes without altering the car's performance, leaving the standard Mustang GT's driving dynamics unchanged. Pricing for the GT Nite Pony package remains undisclosed, with the base model starting at R1 350 000, setting the stage for a potentially lucrative market entry.
Suzuki has outlined its ambitious 10-year plan, focusing on producing cars that cater to budget-conscious consumers during economic uncertainty. To achieve this, the company aims to significantly boost production capacity in India, with a goal of four million units annually by 2030, while also driving efficiency gains through digital engineering and modular production systems, which are expected to result in a 30% increase in development efficiency and a 50% improvement in manufacturing efficiency.
In a move to consolidate ownership, the founders and executives of OUTsurance have agreed to sell R10.16 billion worth of shares back to the company itself, acquiring the remaining 7.17% stake through a share-for-share transaction. This deal simplifies the company's corporate structure, eliminating minority-shareholder overhead and aligning management's interests with those of OGL shareholders. The transaction must now be approved by independent OGL shareholders at the Annual General Meeting on November 24, 2026.
The Toyota Hilux solidified its dominance in the South African bakkie market, selling 3,769 units in just 30 days, a record that cements its status as the undisputed king of pickups. This impressive performance is part of a broader trend, as the top 10 models accounted for nearly a fifth of the industry's total sales in September, with the Nissan Navara's departure from the top 10 entirely being a notable exception.
A shareholder revolt at South Africa's biggest egg producer, Quantum, has resulted in the rejection of proposed remuneration increases for non-executive directors and the chairman. The dispute, which dates back to March 2025, saw shareholders overwhelmingly vote against the changes, forcing the board to revisit its remuneration strategy. The outcome leaves Quantum with little room for maneuver, highlighting the growing power of shareholders in shaping the company's compensation packages.
South Africa's Competition Commission has finally published its guidelines in Repair, Service and Maintenance Aftermarkets, outlining the country's "right to repair" framework. The framework tackles consumer electronics, home appliances, and durable goods, while excluding the automotive industry, and aims to address restrictions on repair that could limit customer choice and inflate repair costs. The Commission's move also scrutinizes dominant Original Equipment Manufacturers (OEMs) over excessive spare-part pricing and restrictive accreditation schemes, giving consumers more access to affordable repairs.
Sanlam is set to acquire all remaining ordinary Santam shares for R505 million, a 26.6% premium to Santam's last closing price. This deal, which would more than double Sanlam's stake in the company, would also end Santam's 62-year history on the Johannesburg Stock Exchange, but would offer shareholders a premium on their stakes and certainty through a cash transaction. The acquisition would cement Sanlam's control over the insurance giant, solidifying its position as a major player in South Africa's financial sector.
Woolworths Food has unveiled nine new products in South Africa, bolstering its food offering with a broader range of everyday groceries, prepared meals, and premium ingredients. The new products, including overnight oats, beef ribs, and desserts, are being introduced alongside changes to store formats, including the opening of Woolworths' first Food Emporium in Durbanville, Cape Town, which promises to be a hub for customers seeking a wider selection of food options.
The South African government has doubled down on its Broad-Based Black Economic Empowerment (B-BBEE) policy, committing to a review of its framework to expand and strengthen its impact. This move aims to address the country's historical economic disparities, with a focus on empowering all black people, including women and rural communities, through diverse socio-economic strategies. Despite concerns about potential implications for white South Africans, the government remains resolute, ensuring that redress is a constitutional obligation, not a bargaining chip.
In a historic milestone, the 188-year-old town in South Africa has bid farewell to Eskom, marking a new era of renewable energy dependence. The inauguration of the Riversdale Solar Plant, a 10-megawatt peak solar photovoltaic system, has set a precedent for innovation and partnership-driven economic development in the region. This ambitious project, which can produce up to 15 million kilowatt-hours of electricity annually, promises to strengthen energy security in the Western Cape and unlock new opportunities for growth.
Government sites in South Africa are struggling with slow internet connectivity, with 2,076 out of 7,800 sites still relying on speeds below 10Mbps. This outdated infrastructure, including legacy copper-based connections, is hindering the country's ability to evolve and meet client expectations, as SITA's CEO Magatho Mello revealed a five-year supply chain backlog that has resulted in delayed decisions and lost opportunities. The slow internet is having far-reaching implications for the country's digital infrastructure and service delivery.
A major cybersecurity threat has been issued to South Africa's insurance sector, with notorious ransomware group The Gentlemen threatening to leak sensitive customer data from top companies including LegalWise and Samwumed. The Gentlemen, one of the world's most active cybercrime organizations, has already exposed data from several companies, including Edcon and CoverCubed, highlighting the devastating ripple effect of a single breach. The attack underscores the need for robust cybersecurity measures to protect sensitive information and prevent further harm.
A staggering R268 billion of taxpayer money has been squandered by South Africa's municipalities, with unauthorised and wasteful spending uncovered in the Department of Cooperative Governance and Traditional Affairs' annual report. This alarming figure highlights a lack of consequence management in local government, allowing improper spending and even theft to go unchecked. The new White Paper, set to be launched by President Cyril Ramaphosa in 2026, aims to introduce stricter professionalism standards to root out corruption and ensure accountability.
South Africa's largest company, Naspers, has suffered a staggering 46% decline in its share price, wiping out R420 billion of its market value, after CEO Fabricio Bloisi received a R1-billion pay package in 2025. The package, which included long-term incentives, base salary, short-term incentives, and performance share units, had Bloisi's fixed salary of R10 million amounting to a mere 1% of the total. This stark contrast highlights the disconnect between executive compensation and the company's plummeting fortunes.
South Africa's bid to establish itself as a major player in the global financial system is under threat, as proposed new Reserve Bank regulations could render the country increasingly irrelevant. The draft Crypto Asset Manual, aimed at overseeing crypto transactions, has sparked opposition from Luno and a coalition of companies, including the Crypto Asset Taskforce for Advancing Sound, Technology-Neutral Regulation for Opportunity, Prosperity and a Healthy Economy (CATASTROPHE), which argue the regulations would stifle innovation and economic growth.
A teenager has been detained in Jordan for allegedly hacking the FBI and stealing the data of 5,000 employees, sparking concerns about the vulnerability of sensitive information to cyber threats. This incident is set to be part of a broader discussion on AI regulation, with former researcher Jacob Coxon and representatives from major tech companies including OpenAI, Google, and Meta, scheduled to testify at a New York City Council hearing. The hearing aims to establish safeguards and propose measures to prevent such breaches, including giving whistleblowers a share of fines recovered from AI companies.
A major overhaul of South Africa's immigration law has resulted in the clearance of 20,000 waivers in just two months, bringing much-needed relief to multinationals and large corporations whose operations have been disrupted by lengthy delays in processing visa rejections and waiver applications. The new system, which has streamlined the manual process, has significantly reduced paperwork and wait times, allowing businesses to move forward with confidence. However, the impact of these changes is likely to be felt across the country, particularly in industries heavily reliant on international talent.
South Africa's financial crime crackdown is gaining momentum, as the country intensifies its efforts to pass its upcoming integrity assessment with confidence. Meanwhile, in the world of tech, Spotify's Neko Health is making waves, having raised nearly $1 billion and launching in New York with a global waitlist of over 300,000 people, a promising sign for the company's future growth amidst the economic uncertainty.
South African businesses using AI tools such as ChatGPT, Gemini, and Claude are at risk of violating the Protection of Personal Information Act (POPIA) if employee or applicant information is uploaded to these systems without proper safeguards. This poses significant concerns, as the Act requires lawful and secure processing of personal data, particularly when AI is used to make decisions about employees or job applicants. Businesses must ensure that their AI systems meet POPIA's strict criteria, providing applicants with the right to challenge decisions and engage with human decision-makers.
South Africa's debt crisis has reached a critical point, with the country's preliminary total consolidated gross public sector debt soaring to R10.68 trillion, or 137.2% of GDP, as of 31 March 2026. This staggering figure represents a 12.78% increase from the previous year, and surpasses the country's entire economy, raising concerns about the state's ability to manage its finances. The alarming debt burden has significant implications for the nation's economic stability and future growth prospects.
In a move aimed at addressing growing concerns about artificial intelligence's security risks, the US has launched a new White House task force to assess the technology's risks and determine the federal government's responsibility over AI. Led by Director of National Intelligence Jay Clayton, the task force will have 120 days to prepare a report on the risks posed by AI and the government's role in regulating it, with some prominent AI leaders expressing support for measures to make AI development safer.
In a deal worth billions, Lesaka Technologies' online bank will suddenly gain access to 2.1 million new clients overnight, thanks to its acquisition of Bank Zero, an entirely digital bank co-founded by prominent venture capitalist Michael Jordaan. This acquisition will provide Bank Zero with a massive boost, doubling its potential customer base with the addition of Lesaka's 2 million retail customers and 125,000 business customers. The deal marks a significant turning point for Bank Zero.
A small South African town is emerging as a new hotspot for semigration, with urban buyers seeking alternatives to Cape Town's rising housing prices and municipal costs. The appeal lies in rural areas with reliable water supply, such as Klein Karoo, Montagu, and Swellendam, where farm properties are gaining popularity over traditional coastal homes. As coastal property prices and costs continue to rise, buyers are opting for self-sufficient farm life, driving a shift towards these rural semigration destinations.
Eskom's ambitious R440 billion Independent Transmission Projects program has hit a roadblock, with the project now facing a revised deadline of the second quarter of 2027. The six-month delay, resulting from a prolonged delay in the request for proposals for the first phase, highlights the challenges of implementing private sector involvement in national infrastructure development. As the program's broader slowdown continues, concerns arise about the availability of grid connections and the entangled legal processes surrounding gas-powered generation projects.
Shoprite's forays into the South Africa township and rural economy have yielded significant returns, with the retailer's innovative Shoprite Cash & Carry and e-commerce platforms proving a hit with spazas and spazarettes. The estimated R1 trillion value of this hidden economy presents a vast and lucrative market for companies willing to invest, with Shoprite poised to capitalize on this opportunity. In contrast, a recent misstep by rival Pick n Pay's Ekuseni strategy serves as a cautionary tale about the risks of navigating this complex and competitive space.
A Johannesburg High Court ruling has effectively ended SARS' ability to hide its decision-making processes, ordering the tax agency to disclose the reasons behind a recent case involving Devland Cash and Carry. The court found that SARS' reliance on confidentiality was without lawful merit, and that its interpretation of the Act inhibits taxpayers' rights, leaving the agency with no choice but to reveal the information on which it based its decisions. This decision marks a significant shift in transparency for SARS.
South African companies are being forced to pay an average of R5.01 million in ransom to hackers who breach their systems, according to a recent survey of 135 organisations. The median ransom payment is significantly lower than the average demand of R7 million, suggesting that some companies are successfully negotiating with attackers. The high cost of recovering from a ransomware attack, excluding ransom payments, further highlights the devastating financial impact of these cybercrimes on the country's businesses.
A painting competition sparked a massive residential sales boom for Craft Homes, generating a staggering R381 million and selling 91 freestanding homes, a remarkable outcome that drew in 6,400 entries and attracted 800 people to the official launch, ultimately earning the company a Silver Award for Best Online Competition by a Corporate at the 2026 WesBank New Generation Social & Digital Media Awards.
A devastating breach of Hollard's systems has left thousands of South African insurance customers vulnerable, with personal information and credentials compromised. The attack, attributed to notorious ransomware-as-a-service group The Gentlemen, was triggered by suspicious activity detected on Jira in June, resulting in the unauthorized transfer of sensitive data. As a result, Hollard has been forced to leak the stolen data, exposing its customers to potential identity theft and financial harm.
Bank Zero's digital bank broke even for the first time in August 2026, with business accounts accounting for 18% of the book, a milestone achieved after a decade of investment by the bank's founding investors. The founders had pledged not to pay themselves salaries until this point, committing a long runway that would allow the bank to continue growing without the draw of personal compensation. This forward-thinking approach has given Bank Zero a significant competitive edge.
South Africa's Capitec bank has sold a staggering 27,000 smartphones over the past six months, as its mobile virtual network operator (MVNO) has experienced explosive growth. The bank's customers have significantly ramped up their mobile usage, with voice calls and data usage increasing by 1,829% and 2,350% respectively. This has resulted in a staggering 55.7 petabytes, or 55.7 million gigabytes, of mobile data being used since the launch of Capitec Connect, highlighting the bank's ambitious foray into the mobile industry.
A R10-million shortfall in the SA Connect programme's free Wi-Fi contracts has raised serious concerns, with the programme now expected to cost R200 million instead of the projected R400 million. The significant variance is a stark warning of the challenges in implementing the initiative, which aims to provide high-speed internet to underserved communities and rural areas. The programme's financial management is now under scrutiny, casting doubt on its long-term viability.
Used electric car sales in South Africa have more than doubled, with 1,651 units sold in the past year, a 66% increase from the previous year. The surge in demand is attributed to the introduction of new EV models and variants that addressed key consumer pain points, resulting in a 13% decrease in the average price to R856,722. This increase in used EV sales, combined with a 91% rise in used hybrid sales, brings the overall sales growth to 92%.
Residents of the exclusive Midstream security estate in South Africa now have access to a luxurious shopping centre, Shopping on Eastway, which has officially opened its doors. This high-end retail centre boasts a Woolworths Food Market and a premium Checkers, featuring a sushi bar, wine section, and other upscale amenities, catering to the estate's affluent residents. The centre's focus on luxury is also reflected in its communal children's play area, complete with water features, a climbing wall, and a trampoline, providing a unique and safe space for families to socialize.
In a stark shift, South Africans are increasingly choosing local informal shops over traditional retailers like Shoprite and Pick n Pay, driven by rising living costs and frequent power outages. The trend is particularly pronounced among low-income households, with 79% of respondents experiencing power outages at least once a month, a significant proportion of whom have switched stores due to unaffordable prices, highlighting the economic strain on consumers.
South Africa's government has abandoned plans to introduce checks on Chinese imports, a move that would have aimed to protect the local manufacturing sector. The collapse of South Africa's manufacturing base is largely due to poor service delivery, port mismanagement, and crime, which discourage companies from investing in local production. This decision highlights the limitations of restricting imports, as the country's trade deficit with China remains significant, with exports of minerals to China far outweighing imports of higher-value manufactured goods.
Proteas cricketer Rassie van der Dussen's retirement in April 2026 has led to a surprising entrepreneurial venture: Abantu Coffee, a thriving container-based coffee company he founded in 2020. Initially, the unconventional format raised eyebrows, with landlords and agents hesitant to lease space due to the unique structures, but the company persevered, ultimately finding success with its innovative approach to coffee sales.
A recent cyberattack on an oil supertanker's propulsion system has raised concerns about the potential for hackers to gain control of critical infrastructure, as a group of hackers gained temporary access to the ship's digital system while it was approaching the Texas coast earlier this year. The breach has prompted a thorough examination of how the incident occurred and who was responsible, but the most alarming aspect is the prospect of unknown hackers potentially being able to remotely control the operational systems of such a tanker, prompting alarm among US military and intelligence officials.
South Africans are unwittingly footing a massive bill every month, with a staggering R1 billion 'robbery tax' being exacted from the economy due to theft, muggings, and cash-related crime. This hidden cost of using physical cash translates to a collective loss of R12 billion annually, with the impact felt not only by consumers but also by businesses and the infrastructure that supports the cash economy. The true extent of this problem is further revealed by the significant costs borne by banks, which account for R21.6 billion of the R27.1 billion in cash supply chain costs per year.
Chery has announced its entry into the South African double-cab bakkie segment with the launch of the 'Grootman' in 2027, marking a significant expansion into the local market. The Grootman will boast a plug-in hybrid powertrain, boasting impressive off-road capabilities, and will feature a spacious design with a length of 5 450 mm and a height of 1 890 mm. With an energy consumption of 31.1 kWh/100 km, the Grootman is poised to challenge the market's top players.
Good news for Foschini, Mr Price, and Truworths in South Africa, as the struggling fast-fashion giant Shein faces mounting challenges. The retailer's profit margin has plummeted to 2.1%, a stark indication of the intense pressure it's under from regulators, competition, and a weak economic climate. As Shein grapples with the consequences of its ultra-cheap model, it's now considering a shift towards higher-priced clothing to mitigate rising costs, a move that could have significant implications for the South African retail landscape.
South Africa's delay in seeking proposals from private companies to build transmission lines will push back the expansion of its electricity infrastructure by another six months. The delay is part of a broader slowdown in the country's efforts to transition to cleaner energy sources and open up the development of national infrastructure to the private sector, a move aimed at bringing in much-needed investment and participation after a century-long monopoly held by Eskom.
Cape Town's infamous unfinished bridge, a landmark of the city's infrastructure, is set to be demolished as part of a larger redevelopment plan for the Foreshore Precinct. The City of Cape Town aims to reclaim 15 hectares of inner-city land, addressing the city's notorious traffic issues and creating new jobs, investment opportunities, and affordable housing. The project's release of drawings for a public consultation process marks the beginning of a new era for the city, with the final designs set to be turned into detailed engineering plans.
South Africa is set to introduce a new train ticket price of R15, a key step towards an integrated transport system designed to make public transport safer and more affordable. The Passenger Rail Agency of South Africa's recovery of passenger rail services is providing commuters with an alternative mode of transport, and the Department of Transport is also working to reform the taxi industry through pilot Transport Operating Companies, a move aimed at testing new management and investment models.
The 2027 Hyundai Tucson will be available in a three-tier powertrain structure, offering internal combustion, hybrid, and plug-in hybrid options. With dimensions of 4,700mm in length, 1,905mm in width, and 1,685mm in height, the Tucson's exterior design is expected to make a significant impact. However, the availability of its current 2.0-litre petrol and diesel engine options remains uncertain, leaving potential buyers to wait for confirmation from Hyundai's local arm.
A 123-year-old Johannesburg skyscraper, once a cornerstone of the city's early mining industry, is now on sale for a staggering R117 million. Completed in 1903, the Corner House was a symbol of Johannesburg's rapid growth and wealth, but it fell into disrepair before being acquired by property developer Urban Ocean in 2003. Now, as it seeks a new owner, the building's rich history and potential for redevelopment raise questions about the city's evolving identity and the fate of its architectural heritage.
South Africa is poised to slash data prices by 60% as part of its efforts to make digital communications more affordable. The move is part of the government's broader goal of ensuring accessible and meaningful connectivity, with data prices already having decreased by 35% to 40% since 2025. To inform this reduction, the government will conduct a study assessing pricing, competition, and cost drivers in the communications sector, aiming to identify interventions that can further reduce communication costs.
South Africans seeking to leave the country are facing unexpected hurdles due to a renewed focus on overall compliance status by the South African Revenue Service (SARS). Taxpayers who meet the requirements for non-resident status are being held up by unresolved compliance issues on their SARS profiles, leaving many stuck in limbo. This shift in approach has significant implications for those looking to relocate, highlighting the need for individuals to ensure their tax affairs are in order before making any changes.
Zimbabwe has made a significant payment to its former white farmers, handing over $508 million in reparations, a move that brings closure to a decades-long dispute. The payments were made after the farmers accepted and subscribed to dollar notes, a compromise that allowed the government to fulfill its 2020 offer of $3.5 billion in compensation, albeit in a form that has been altered to include dollar bonds.
AngloGold Ashanti has been publicly censured by the Johannesburg Stock Exchange (JSE) for a 27-minute delay in publishing its announcement on the local bourse, after it was already released on the New York Stock Exchange (NYSE) and its website. This breach of the JSE's Listings Requirements has raised concerns about the company's compliance with regulatory requirements and its commitment to transparency. The censure highlights the need for greater vigilance in ensuring timely dissemination of information to investors.
Eskom's new payment requirements for rooftop solar customers have sparked controversy, with the state-owned utility demanding a deposit ranging from R10,000 to R100,000 for those installing solar panels and registering with the grid. This move has left many wondering if the benefits of solar power are being outweighed by the costs, as some have taken to installing systems without registering with Eskom, citing safety and technical concerns. The decision has raised questions about Eskom's true intentions behind its Homeflex tariff plans, which were introduced to help customers save on electricity costs.
A South African court has ruled in favour of Sakeliga, a company that claims the country's Black Economic Empowerment regulations have made the average citizen poorer. CEO Piet le Roux likened these policies to "domestic sanctions" that unfairly disfavours a specific population from participating in the economy. The Pretoria High Court's decision is seen as a significant victory for Sakeliga, which had challenged stringent BEE licensing requirements imposed by the Property Practitioners Regulatory Authority.
In a shocking move, top South African CEO Chris Griffith led his executive team on a heart-wrenching tour of worker townships, where he witnessed firsthand the devastating impact of job cuts on local communities. This poignant experience came during a period of restructuring at Anglo American Platinum, which was already reeling from the 2012 Marikana tragedy and the collapse of commodity prices. Griffith's emotional encounter ultimately led to the axe falling on 14,000 jobs, a painful consequence of the company's efforts to adapt to a changing market.
Pick n Pay's new Dots Doughnuts have emerged as the clear winner, with its Tricolour doughnut scoring the highest average of 7.35 out of 10 among our 20 testers. The exclusive partnership with international brand Dots Original has brought a range of 11 types of doughnuts, including topped, filled, and pop dots, to around 150 Pick n Pay stores nationwide. This victory marks a significant expansion of Dots' presence in South Africa, marking a sweet spot for the convenience-focused retailer.
BMW is set to significantly alter its business strategy by simplifying its lineup, cutting costs, and targeting higher-end customers. This move comes as the German automaker seeks to rebuild profitability after being squeezed by China's price war, heavy investment in electric cars, and geopolitical upheaval. The decision has already shown promising results, with shares rising 3.5% in Frankfurt, marking a notable turnaround from the 40% decline this year.
South Africa's Department of Home Affairs is revolutionizing the way citizens interact with the department, with the introduction of digital automation for the application process of physical documents. This move marks a significant shift for the department, which had struggled with underperformance in recent years, earning it the nickname "poisoned chalice." By digitizing the process, Home Affairs aims to increase efficiency and effectiveness, and is now set to automate applications for birth, marriage, and death certificates, further solidifying its commitment to reform.
Cell C's joint CEOs, Brett and Mark Levy, have secured a combined payday of R66 million, reflecting the company's strong financial performance. The Blu Label Unlimited subsidiary, which accounts for Cell C's operations, reported a 7% increase in gross revenue to R99.9 billion, with normalised revenue reaching R9.4 billion. This surge in revenue is underpinned by a 19% growth in Cell C's subscriber base, now standing at 8.884 million, amidst a shift away from MVNO subscribers.
A recent shake-up in South Africa's power distribution has left many questioning the city's financial stability. As of 48 hours from collection, City Power will be transferring 70% of electricity revenue to itself, with the remaining 30% going to the City of Johannesburg, which will continue to collect payments from customers. This unprecedented move has raised concerns about the city's ability to manage its debt, with an internal overdraft of R19.1-billion on the books.
South Africa's biggest mall, Fourways Mall, has welcomed a new addition with the grand opening of Tashas Fourways, a luxurious restaurant chain. The View, a R100 million upmarket development, offers high-end dining and lifestyle experiences, marking a significant repositioning of the mall. As part of this expansion, The Pantry, a full-service grocery store with an in-store butchery and gourmet products, is set to open on 1 October 2026, further solidifying the mall's reputation as a premier shopping destination.
South Africa's largest public pension fund manager, the Public Investment Corporation (PIC), has lost a staggering R300 billion in assets under its management in a month, following a sharp market decline triggered by escalating tensions in the Middle East. This devastating drop comes after a particularly strong year for South African equities, with the All-Share Index gaining 33.6% over the past 12 months. The PIC's sudden and significant loss has significant implications for the millions of public-sector workers, pensioners, and social security beneficiaries it manages funds for.
Eskom has extended its waiver of registration fees for rooftop solar power systems rated up to 50kVA until further notice, providing a temporary reprieve for direct customers. This move follows a review of international electricity markets, where Eskom found that registration requirements for grid-connected solar installations are a common practice. The extension aims to facilitate the growth of renewable energy in South Africa, while also ensuring compliance with safety and regulatory standards.
Woolworths is launching a series of dedicated fulfilment centres, dubbed "dark stores," across South Africa to meet surging online shopping demand. This move reflects a growing trend among local retailers, who are leveraging existing warehouses and distribution networks to fill online orders without compromising the in-store experience. With Woolworths and rival retailers Checkers and Pick n Pay already investing in dark stores, the shift towards online fulfilment is poised to reshape the retail landscape in South Africa.
Despite the ANC's celebratory video highlighting progress in state-owned entities, the true state of affairs in the ICT sector paints a starkly different picture. The African National Congress's oversight has allowed government-owned ICT companies to hemorrhage money, with all but one reporting significant operational losses or deficits in their latest financial reports. This glaring omission raises questions about the ANC's commitment to transparency and accountability, particularly in the face of the country's growing reliance on these critical sectors.
New laws proposed for South Africa's iconic biltong product could be on the horizon, with the growing international demand for the cured meat potentially prompting the country to protect its heritage. The Game Meat Industry Association of South Africa (GAMESA) has expressed support for a Southern African geographical indication for biltong, but cautioned that its production in Namibia due to its geographical proximity would need to be addressed. This move could safeguard the product's identity and production standards, much like Rooibos and Champagne, and cement South Africa's reputation as a premier producer of biltong.
South Africa's capital, Tshwane, is facing electricity rationing as a result of a transformer capacity shortage. The City of Tshwane's energy unit has been forced to implement load reductions to avoid overloading the existing capacity, resulting in a rationed electricity supply. The shortage, attributed to a lack of funding, raises concerns about the reliability of the network, particularly during peak winter demand periods, and has sparked regulatory scrutiny.
South Africa is on the brink of losing its preferential trade agreement with the United States, a move that could have devastating economic consequences, particularly for the 250,000 jobs that rely on the African Growth and Opportunity Act (AGOA). The White House's decision to review participating countries, with the final list set to be announced in November 2026, has raised concerns over South Africa's industrialization and economic scale relative to other African nations. The ANC's close ties with Iran have further complicated relations between the US and South Africa, leaving the country's future in the AGOA uncertain.
Woolworths is set to expand its modernized retail concept across South Africa, building on the success of its Tygervalley store, which launched in August 2025. The new stores will feature a more flexible layout, integrating the company's Food, Fashion, Beauty, and Home segments under one roof, offering customers a streamlined shopping experience. This revamped format is expected to drive sales and enhance customer satisfaction, solidifying Woolworths' position in the South African market.
The Gautrain is set to undergo significant changes under its new 15-year operator, bringing improved services to commuters. Wi-Fi, extended hours, back-up power, and renewable energy are among the upgrades that will enhance the passenger experience, providing a more convenient and sustainable travel option. This new operator has provided much-needed certainty for the service, which was recently taken over by the provincial government, ensuring a smoother ride for Gauteng residents.
The first-of-its-kind Range Rover Sport Electric has officially gone on sale in South Africa, with prices starting at a staggering R3,291,100 for the AWD EV550 Dynamic SE. This luxurious electric vehicle boasts impressive performance, thanks to two 260kW electric motors and a 118.5kWh battery, providing an impressive 609km of range on a single charge. With its extensive testing in Italy and Japan, the Range Rover Sport Electric is ready to take on the country's rugged terrain and meet the demands of discerning South African motorists.
Chinese auto giant Jetour has clarified its calculation method for its T1 and T2 SUVs, but the Automobile Association of South Africa remains unconvinced. The revised payload figures, which exceeded the claimed 475kg for the T2 Xplora, have raised concerns about the vehicles' structures. Jetour's application for the revised payload rating for the T1 has yet to be approved, highlighting the need for further testing and validation before the vehicles can receive the updated ratings.
Guardrisk, a Momentum Group company, has denied any involvement in a data breach claimed by notorious ransomware-as-a-service group The Gentlemen. The Gentlemen had previously targeted Hollard Insurance, leaking stolen data from MIP Holdings on September 19, and Guardrisk's systems and client data remain unaffected, according to the company. This incident highlights the ongoing threat of cyberattacks and the need for vigilance from insurance companies and their clients.
For the first time, three universities in South Africa have cracked the top 200 globally, with the University of Cape Town emerging as the country's top-ranked institution at 147th place, narrowly edging out several prominent global universities. The university's steady improvement, from 164th last year, is attributed to its notable scores in teaching quality, research, and innovation, which saw it tie with four other top-ranked universities from Japan, America, and Italy. This milestone marks a significant milestone for South African higher education.
BMW is set to launch its first fully electric 3 Series in South Africa next year, with the BMW i3 50 xDrive available from launch. The new model blends the Neue Klasse design language with a sporty look, featuring a longer wheelbase, prominent flared wheel arches, and a striking character line, giving the cars a more dynamic appearance. The entire range will also be available with the optional M Sport package or M Sport package Pro, further emphasizing the sporty character of the new 3 Series.
The median individual income of a pure battery-electric vehicle buyer in South Africa stands at R115,000 per month, significantly higher than the average income of ICE buyers, who earn around R80,000 per month. This disparity highlights the growing affluence of the country's electric vehicle market, with nearly six in ten EV buyers residing in the affluent Gauteng province, a trend that underscores the vehicles' aspirational appeal.
South Africans who rely on Eskom electricity are in for a decade of pain, as prices are unlikely to fall in the near future. Interventions by Eskom and the government, including a new Electricity Pricing Policy and the creation of Eskom Green, promise long-term relief through private-sector competition and investment in renewable energy, but these efforts are expected to take years to bear fruit, leaving consumers to bear the brunt of the transition.
BYD's South African sales plummeted 27% in August, marking the first decline since the company began reporting figures six months ago, with 608 vehicles sold, a far cry from the second-placed carmaker. This drastic drop raises questions about the competitiveness of BYD's products in the market, despite still outselling its rivals. BYD's decision not to launch a price war in South Africa may be a calculated move to maintain profit margins, a strategy that could have significant implications for the company's long-term success in the region.
President Cyril Ramaphosa has unveiled a 90-day plan to tackle South Africa's growing violence, which includes fixing streetlights, cutting alcohol consumption, and increasing policing efforts. The move comes after a string of brutal murders, including the recent killings of 13 women, whose bodies were discovered in the past few weeks. The government's swift action aims to address the root causes of the violence, while also signaling a commitment to redirecting resources to combat the crisis.
The US District Court for the Eastern District of New York has moved forward with the anti-terrorism case against MTN, dismissing the company's appeals and allowing certain claims to proceed. MTN is now facing several cases brought under the US Anti-Terrorism Act, alleging ties to operations in Syria, Afghanistan, and Iran, which will proceed to the discovery phase. As the parties exchange information, the case may ultimately lead to a judgment as a matter of law, with significant implications for MTN's global operations and reputation.
A R341 million Cultural Precinct in Johannesburg's Braamfontein is set to transform the city's inner city with a major investment in the arts, thanks to a significant donation from South African billionaire Chris Seabrooke. The University of the Witwatersrand, largely funded by Seabrooke's contribution, is spearheading the project, which will create a lifestyle hub for arts, culture, performance, heritage, and creative innovation. The five-year development will integrate Wits' existing facilities, breathing new life into Johannesburg's historic inner city.
The Advertising Regulatory Board has ruled in favour of a complaint against OUTsurance's Pointsmen programme, instructing the advertiser to withdraw an advertisement that creates a misleading impression about the service's availability in Cape Town. The programme, which has not been available in the city for ten years, serves areas outside of it, including Paarl and Stellenbosch, raising questions about the accuracy of the advertisement. The decision highlights the need for greater scrutiny of advertising claims in South Africa.
The Chery Q is set to make its official South African debut in October 2026, marking a significant expansion of the Chinese automaker's presence in the local market. Measuring 60mm longer and 6mm wider than its Geely E2 counterpart, the Q boasts a spacious interior, with both models offering ample storage space in their front luggage compartments. This move is likely to bolster the Q's competitive edge, as it competes with established players, including the BYD Dolphin Surf, in the South African automotive landscape.
Despite a unanimous board rejection, South African gold miner Gold Fields is doubling down on its proposed R445 billion takeover of Australian giant Northern Star Resources. The deal, which would create the world's second-largest gold producer, poses significant jurisdictional and operational risks to Northern Star's shareholders. As the company's share price plummeted 15% in a single day, Gold Fields CEO Mike Fraser vowed to continue engaging with Northern Star, underscoring the stakes of this high-stakes acquisition.
A Cape Town hotel and shopping mall dating back to 1890 is on the market for R50 million, marking a significant sale in the city's commercial property market. The historic Kings Hotel and The Decks retail space occupy a heritage building in the city centre, offering a rare opportunity for investors to tap into the area's growing popularity. As the city's limited space and high demand continue to drive up property values, this sale is likely to attract attention from developers and investors looking to capitalize on Cape Town's thriving commercial scene.
Morningstar has announced its decision to shun South African stocks from its global portfolios, citing relatively weak economic growth that outweighs the attractive valuations. This move comes as the FTSE/JSE All Share Index has declined over 4% in dollar terms this year, marking its first annual drop since 2022. By contrast, Morningstar remains overweight on South African bonds, which offer attractive yields in an emerging-markets context.
Dstv's package and channel overhaul, which kicked off on September 17, 2026, marked a significant shift in the streaming service's offerings. As part of this restructuring, subscribers to the new DStv Select package will now receive a week of free access to the new DStv Sports package, starting on September 29, 2026. This test period aims to gauge customer response to the revamped offerings, which also introduced new packages dedicated to sports and entertainment and grandfathered DStv Compact Plus.
The Gauteng Department of e-Government is facing an investigation over a suspected breach of personal data from its R269-million e-Panic Button app, which was downloaded over 180,000 times and had over 288,000 active users. The breach, which was identified in the app's e-Panic Button environment, has raised concerns about the handling of sensitive user information. The Information Regulator of South Africa will now probe the incident, underscoring the need for greater transparency and accountability in the use of personal data.
A massive explosion at the Waltloo substation in South Africa's capital city has left thousands without power, with at least 11 primary substations affected by the 132kV trip. The incident, which occurred during heavy rain on Tuesday, has sparked a major emergency response, with crews rushing to the scene and the city urging residents to stay away. As the full extent of the damage and cause of the fire are still unknown, residents are advised to exercise caution and avoid interfering with emergency operations.
South Africa's job market took a significant hit, with 95,000 positions lost year-over-year, contributing to a -0.1% decline in total employment, which fell to 10.425 million as of June 2026, down from 10.439 million in March of the same year. This downturn is particularly concerning, given the ongoing economic challenges facing the country. The discrepancy between the Quarterly Employment Survey (QES) and Quarterly Labour Force Survey (QLFS) highlights the complexities of measuring employment in South Africa, with the QES focusing on private, non-agricultural businesses.
South Africa's average salary has seen a modest 4.1% year-on-year increase, rising from R29,402 in May 2025 to R30,611 in May 2026. However, this growth is insufficient to keep pace with the country's inflation rate, which reached 4.5% in May, leaving employees' purchasing power unchanged. Overall, the slight increase in salaries was offset by a small decline in gross earnings, decreasing by R4.8 billion to R1.025 trillion between March and June 2026.
South Africa's ambitious infrastructure investment target of R3 trillion over the next five years hangs in the balance, as the country struggles to secure the necessary funding. Efforts to improve bankability, including policy initiatives such as Operation Vulindlela and the National Logistics Crisis Centre, have undoubtedly accelerated progress, but a significant gap remains. The government's goal to modernize transport and logistics systems, estimated to require R13 trillion, now appears increasingly dependent on successfully bridging this funding gap.
South Africa's state-owned transport company, Transnet, is on the hunt for a partner to spearhead its R44 billion Ngqura manganese export corridor project, a move aimed at modernizing the country's steelmaking infrastructure. The current fragmented and inefficient harbours at Port Elizabeth and Ngqura are already straining the system, resulting in costly road haulage, increased logistics expenses, and growing environmental and social concerns. With a Feb. 26 deadline for applications, Transnet is seeking a reliable partner to revamp the system and unlock the full potential of South Africa's manganese exports.
In a move aimed at revitalizing their flagging sales, Woolworths, Pick n Pay, and SPAR in South Africa are set to introduce new leadership, with Pick n Pay's Spencer Sonn and SPAR's upcoming chairman and independent directors expected to bring fresh perspectives. The changes come as Walmart's supercenters and Shoprite's competitive pricing pose significant challenges to the trio, necessitating renewed impetus to stem sales declines and reclaim market share.
South Africa has rebuffed full membership in the Paris Club, a coalition of mostly rich-nation creditors, to instead focus on its involvement in a United Nations-backed coalition of borrower countries. This decision comes as the country had been a prospective member since 2022 and had actively participated in debt-restructuring cases, including as vice-chair of the Official Creditor Committee for Zambia. Despite this, South Africa remains committed to constructive engagement with the Paris Club and continues to participate in discussions on international debt issues.
Volkswagen is set to unveil its highly anticipated electric version of the Tiguan in October 2026, marking a significant shift in the brand's lineup. The all-electric ID. Tiguan will replace the ID.4 and ID.5 in the ID. portfolio, offering a premium design, ample space, and innovative technologies alongside its internal combustion engine and mild hybrid variants. This move underscores Volkswagen's commitment to electrification, with the new model boasting advanced battery systems and a platform that promises to enhance its overall performance and efficiency.
Suzuki Auto South Africa Motors is recalling 543 Grand Vitara models sold nationwide from May 2025, due to a potential issue with the fuel gauge. The National Consumer Commission has notified consumers, urging them to visit their nearest authorized dealership for a free inspection. As a precautionary measure, owners are advised to contact the commission at the provided email address with any questions or concerns.
Eskom's drastic reduction in diesel spending, cut by 81% between April and September 2026, has been largely attributed to the US-Iran war's impact on fuel prices in South Africa. As the rand plummeted to R16.44 against the US dollar, South African equities suffered sharp declines, with the JSE All Share Index and Top 40 Index dropping by 1.55% and 1.76%, respectively. Meanwhile, Nvidia's board has approved a $150 billion boost to its share repurchase programme, bringing the total to $235 billion, a move that may further fuel market volatility.
Two deputy ministers spent a staggering R6.4 million on lavish travel expenses in the 2025/26 fiscal year, with car rentals being the most expensive item at R2.93 million for one deputy minister and R876,607.03 for the other. This revelation, made by Minister in the Presidency Khumbudzo Ntshavheni in response to a parliamentary question, raises questions about the accountability and transparency of government spending. The high costs highlight a need for closer scrutiny of public funds.
A former Vodacom and MTN executive, Magatho Mello, has been appointed to turn around South Africa's struggling State Information Technology Agency (SITA), a task he's confident can be accomplished within two years. Mello, a Soweto native with a background in electrical engineering, brings a unique blend of technical expertise and business acumen to the role. His plans aim to revitalize the agency, addressing the problems that have hindered its performance, and potentially setting a precedent for reform in South Africa's government systems.
A group of South African lawyers has issued a warning to employees using popular AI tools like ChatGPT, Claude, and Gemini at work, cautioning that these tools can pose complex legal challenges, particularly in decision-making that may impact employment or performance. The regulation of AI in the employment context falls under existing legislation, but employers must take measures to ensure data subjects are informed about automated processing and have the opportunity to challenge decisions.
Capitec has won its battle to keep the R2.4 million Porsche 911 Carrera S Coupé, with the Supreme Court of Appeal ruling that the vehicle was not entitled to protection as part of Ubuntu Family Health Centre's business rescue proceedings. The centre had financed the car through Capitec, but the bank had cancelled the agreement before the business rescue process began, rendering the protection invalid. As a result, Capitec is free to retain the luxury vehicle.
Eskom's refusal to disclose its construction budgets for Kusile and Medupi power plants has raised concerns over transparency and accountability, despite spending billions of rand on the projects. The utility's approved budgets remain at R160.5-billion and R145-billion, respectively, with billions already spent, but the exact amounts excluded from these budgets remain unclear. This lack of transparency undermines public trust and highlights the need for greater oversight and scrutiny of Eskom's finances.
Vodacom CEO's 530% salary hike has sparked outrage among investors, who are left wondering how the company's 10% decline in share price can be justified. The massive increase, from R22 million to R137 million, has raised concerns that executives' incentives no longer align with shareholder interests, a trend that has been evident since the company's listing on the Johannesburg Stock Exchange in 2009, which saw its shares open at R59.50 per share.
A Chinese car brand, Chery Group, has been caught off guard by the presence of its cars on illegal billboards in Johannesburg, highlighting the city's aggressive crackdown on unauthorized outdoor advertising. Since the start of 2026, the City of Johannesburg has been systematically removing unapproved adverts, and it appears to be paying off, as revenue from compliant outdoor advertising has surged from R4 million to R100 million. This stringent enforcement is a significant success story for the city's efforts to regulate the industry.
Eskom is on the brink of a crisis that could be more severe than the current load-shedding crisis, as the transition to a competitive electricity market poses significant structural, financial, and policy risks that threaten the utility's sustainability. The government's policy on the matter is a major concern, as Eskom must implement it without jeopardizing its financial stability, which is further complicated by rising municipal debt that is largely outside its control. If not managed correctly, this crisis could undermine energy security and sovereignty, exacerbating the already dire situation of unaffordable electricity prices.
South Africa's investigation into Democratic Alliance leader Mark Burke's cryptocurrency company, Kastelo, has revealed that the fintech firm is accused of violating exchange control regulations to the tune of R3.5 billion. Kastelo, founded by Burke, the DA's federal finance chairperson, was allegedly contravening South African regulations through its crypto arbitrage trading service. The company's bank accounts were frozen last November, highlighting the severity of the allegations against Burke and the DA.
South Africa's car industry is facing a significant threat as global automakers consider shifting production to Asian rivals, with the country's new government tax incentive offering little comfort. Despite the incentive, executives warn that long-term policy certainty and consumer support are crucial to retaining investment, as the industry's future hangs in the balance. The automotive sector is a vital component of the South African economy, directly employing 113,000 people and supporting an additional 498,000 jobs.
The Reserve Bank Governor has announced that inflation is expected to cool sharply, returning to its 3% target by the end of next year, a welcome relief for South African consumers. The forecast comes as the central bank's interest rate hike of 25 basis points last week was seen as a response to the ongoing impact of global supply constraints, which have driven up energy prices. However, the news also underscores the challenges facing the South African economy, which has struggled with tepid growth over the past decade.
In a groundbreaking first for South Africa, a robotic exoskeleton was successfully deployed in a rescue operation on Saturday, assisting an exhausted hiker in descending Table Mountain. The exoskeleton, manufactured by Wilderness Search and Rescue, a company founded in Shanghai, China in 2021, marks a significant milestone in the country's emergency response capabilities. This innovative technology, which retails for $999 in other countries, was made available in South Africa through a local partner, a testament to the country's growing adoption of cutting-edge rescue solutions.
Jetour's revised payload capacity claims for its T1 and T2 SUVs in South Africa have raised eyebrows, with the Automobile Association questioning the legitimacy of the upgrade. The National Regulator for Compulsory Specifications' own test revealed a payload variance of 455kg, 20kg less than the manufacturer's stated figure of 475kg, sparking concerns over potential discrepancies in the vehicles' specifications. This has led to a cloud of doubt over Jetour's credibility, with the AA's accusations of "marking its own homework" gaining traction.
BMW has confirmed that the 2027 3 Series will make its highly anticipated debut on September 30, 2026, with the promise of blistering performance. The new model will boast a range of turbocharged petrol engines, including four- and six-cylinder options, that incorporate 48V mild-hybrid technology, allowing it to accelerate from 0-100km/h in a mere 4.1 seconds and reach a top speed of 250km/h. This promises to be a significant upgrade for the iconic 3 Series, cementing its position as a leader in the premium segment.
Mitsubishi's 2027 Pajero, set to hit South African shores by the end of 2027, has been reimagined as a double-cab bakkie, boasting a 2.4-litre, four-cylinder turbocharged diesel engine. This powerplant, specially developed for the model, delivers 150 kW and 480 N.m of torque, surpassing the most powerful Triton's capabilities. This radical design shift may signal a future trend for the Triton brand, with the digital artist's concept serving as a potential preview of what's to come.
Disappearing data has reappeared in South Africa, as tests by MyBroadband revealed that both Vodacom and Cell C were consuming small amounts of data in the background. The issue was triggered by the activation of four brand-new prepaid SIM cards, each loaded with a small data bundle from its respective mobile network. Vodacom has since taken steps to address the problem, following a previous round of reporting by MyBroadband in December.
A possible breach of ICASA regulations by SABC TV licence debt collectors has raised concerns about the collection process. It is alleged that a collector spoofed its number to appear as though it was coming from a mobile phone number, which is prohibited for call centres operating from a fixed location. This could lead to significant fines, up to R3 million, and highlights the need for stricter oversight to protect consumers from potentially deceptive practices.
Malekane Mall, a 19,000 m² shopping complex, has opened in Tubatse, a region rich in platinum resources, sparking concerns over environmental impact. The mall's 60 stores, including Shoprite, Boxer, and Clicks, are set to support local economic development, but the area's unique geology and 20 mine operations raise questions about the mall's sustainability. Despite this, the mall's development has created 700 permanent jobs and invested significantly in local labour and materials, a commitment that may help mitigate the environmental concerns.
South Africa is set to invest up to R8.2 billion in a new dam project in Zimbabwe, with the proposed Thuli Moswa dam expected to supply crucial water to a key industrial hub. The 18-month preparation phase will be followed by three years of construction, with the project's terms set to last between five and 35 years, as the agreement aims to secure a stable water supply for the Musina-Makhado Special Economic Zone.
Northern Star Resources has rejected a confidential proposal from Gold Fields, a major South African mining giant, that would have seen the company's international expansion shut down. The proposal, reportedly worth R445 billion, was deemed too conditional and opportunistic, and the board unanimously rejected it. This move comes as Gold Fields, with a market cap of R586 billion, seeks to consolidate its position in the industry, leaving Northern Star Resources to continue its international expansion plans.
A $333 million gaming boom in South Africa has been fueled by a surge in mobile gaming, with 90% of the country's gamers playing on mobile devices, as the industry is poised to reach R5.4 billion by 2026. This growth comes as the South African Reserve Bank raises interest rates to 7.25% to combat inflation risks linked to global events, including the war in Iran and rising fuel prices. The timing of this boom, however, has drawn attention to the relationship between the gaming industry and the US administration, with US President Trump hosting Anthropic CEO Dario Amodei for a private dinner at the White House.
Cell C has a problem: its average revenue per new user is significantly lower than that of its existing customer base, a trend that has reversed the decline in subscribers and boosted wholesale service revenue. However, this shift in the company's fortunes masks a deeper issue - a reduced customer lifetime value that can lead to credit rating downgrades and lower equity valuations. The company's growth, while welcome, is built on shaky ground.
Cheap Chinese imports are fueling a surge in new vehicle sales in South Africa, with sales volumes increasing by 16.7% year-on-year in the first quarter of 2026, according to industry reports. This shift towards Chinese cars is largely driven by consumers becoming more value-conscious and comparing total costs of car ownership, a trend that has led to a significant increase in sales. However, this trend is also having a broader impact, with the South African automotive industry facing a growing problem of repairability, affecting not just Chinese imports but also petrol, diesel, hybrid, and electric vehicles alike.