The planned mass retrenchment of over 22,000 Pick n Pay workers has been dramatically halted following a last-minute intervention by South Africa’s Minister of Employment and Labour, sparking renewed hope for thousands of families facing an uncertain future. The retail giant, one of the country’s most recognizable supermarket chains, had previously announced its intention to…
Kenyan President William Samoei Ruto’s three-day State Visit to South Africa has underscored the deepening friendship and strategic alignment between Africa’s two largest economies, with leaders from both nations using the occasion to reaffirm their commitment to stronger economic ties, enhanced regional cooperation, and a unified African voice on pressing global challenges. President Ruto, who…
In a sweeping move aimed at easing financial pressure on South African households and businesses, FNB has announced major pricing and rewards changes set to take effect from 1 July 2026. The bank says the overhaul, which includes the removal of electronic fund transfer (EFT) fees across key account segments, is designed to help customers…
The chandeliers of the National Assembly in Cape Town caught the late afternoon light as President Cyril Ramaphosa rose to deliver the Presidency’s Budget Vote for the 2026/27 financial year. The chamber, usually alive with cross-talk and interjections, fell into a hushed anticipation. For months, economists and ordinary South Africans alike had been asking one…
Across Africa, a quiet revolution is underway—not in boardrooms or parliament buildings, but on the roads, rails, and digital platforms that move the continent’s goods. Logistics, long dismissed as a back-office headache, has emerged as an unlikely engine of economic transformation, propelling small and medium-sized enterprises (SMEs) into regional and international markets with unprecedented speed….
In a decisive move to deepen intercontinental cooperation, President Cyril Ramaphosa is set to welcome his Kenyan counterpart, President William Ruto, for a three-day State Visit to South Africa next week. The high-level engagement, scheduled to unfold in the administrative capital of Tshwane, is designed to elevate the already dynamic relationship between two of Africa’s…
In a move that underscores the intensifying talent war between South Africa’s banking giants, Absa has poached another senior leader from rival Standard Bank. Leon Barnard, a seasoned executive with nearly two decades at Standard Bank, has been appointed to head Absa’s pan-African business banking division—a critical role as the lender seeks to reclaim lost…
In a ceremony marked more by quiet resolve than fanfare, a pivotal terminal operator agreement was signed at the Port of Ngqura on Wednesday, sending a powerful signal that South Africa’s energy and logistics landscape is finally turning a corner. The deal, struck between Transnet National Ports Authority and a consortium of private investors, is…
Private hospital group Netcare has delivered a robust set of interim financial results, lifting both profits and dividends even as the broader healthcare sector faces mounting pressure from tighter medical scheme cost controls. For the six months ending March, the company reported a 4.8% increase in revenue to R13.28 billion, while adjusted headline earnings surged…
Standard Bank is under intense regulatory scrutiny following a serious technical glitch on its newly launched business banking platform that reportedly granted some clients unauthorized access to accounts they had no legal right to manage. The breach, which the bank has described as “an isolated system error,” has raised fresh concerns about the safety of…
