South Africa’s annual consumer price inflation has edged higher, rising to 4.4% in August 2026, up from 4.3% in July, according to the latest figures released by Statistics South Africa (Stats SA). The increase was relatively small, with inflation remaining unchanged on a month-to-month basis. The latest figure was also slightly below the 4.5% expected…
Airports Company South Africa (ACSA) has announced a net profit of R1.2 billion for the 2025/26 financial year, up from R1.1 billion in the previous period, underscoring the state-owned enterprise’s steady recovery and growth trajectory. The results reflect a strong performance across both aeronautical and non-aeronautical revenue streams, with total revenue climbing 11.6% to R8.81…
Old Mutual Insure (OMI) has reported robust financial results for the half-year ended June 2026, achieving a net underwriting margin of 7.6% despite significant catastrophe losses driven by severe storms and flooding in the Eastern and Western Cape. The insurer’s performance underscores its resilience and disciplined risk management in the face of challenging environmental conditions….
African Bank has announced the resignation of Group Chief Financial Officer Anbann Chetti, effective 11 September 2026, a departure that comes just six months after the exit of CEO Kennedy Bungane and raises fresh questions about stability at the top of the embattled financial institution. Chetti, who also stepped down from multiple board committees, will…
Mondelēz International has announced the appointment of Russell Coleman as Senior Director, People Lead for Sub-Saharan Africa, bringing a seasoned human resources executive with over 25 years of leadership experience to a key role within the global snacking giant. Coleman joins the company from Volkswagen Group Africa, where he served as Director, and his appointment…
Shoprite Holdings has reported a staggering R274.8 billion in group revenue for the financial year ended 28 June 2026, a 7.1% increase from the prior year that translates to an average of R705 million in sales every single day across its Shoprite, Checkers, Usave, and other store formats. The figures, released this week, have ignited…
South African influencer and content creator Grace Mondlana is grieving the sudden and heartbreaking loss of her three-month-old puppy, Bella, after the young dog was euthanised by the SPCA following a rapid and severe decline in health. The 25-year-old, who is based in Thembisa, had adopted Bella to be a companion for her older dog,…
The Competition Commission’s latest Cost of Living Report has painted a stark picture of the mounting financial strain on South African households, revealing that essential expenses are rising at rates far outpacing general inflation. Between January and July 2026, petrol prices jumped by a staggering 26%, while minibus taxi fares climbed 13%, adding significant pressure…
South Africa’s Automotive Business Council, Naamsa, has appointed Dr Mncane Mthunzi as its permanent Chief Executive Officer, ending an interim leadership period and placing a seasoned strategist at the helm as the industry confronts its most turbulent period in a generation. Mthunzi, whose appointment took effect on 7 September 2026, steps into the role at…
BMW has taken the wraps off the performance-oriented flagship of its next-generation 3 Series lineup: the M350 xDrive, a model that bridges the gap between the standard 3 Series and the full-fat M3, while packing enough power and technology to satisfy even the most demanding driving enthusiasts. Slated to enter production later this year, the…
