One of the most protracted and peculiar corporate battles in South African history has finally reached its conclusion. The Competition Commission has granted its approval for the American luxury fashion giant Ralph Lauren Corporation to acquire the local “Polo” brand from the LA Group, drawing the curtain on a 48-year saga of courtroom clashes, consumer…
In a decision that will bring financial relief to millions of South African consumers and businesses, the South African Reserve Bank (SARB) has announced a cut to the country’s key interest rate. Governor Lesetja Kganyago confirmed on Thursday that the Monetary Policy Committee (MPC) has decided to reduce the repo rate by 25 basis points,…
South Africa’s inflation edged higher in October, with food prices once again emerging as one of the main contributors. According to the latest data released by Statistics South Africa (Stats SA), annual consumer price inflation rose to 3.6%, up from 3.4% recorded in September. This marks the highest reading since September 2024, when inflation reached…
In a bold declaration of its long-term commitment to the region, HONOR South Africa has unveiled a comprehensive strategy that moves beyond simply selling devices to actively shaping the continent’s digital ecosystem. Reflecting on a pivotal 2025, the technology giant has revealed a year focused on a triad of core objectives: democratising access to technology,…
In a welcome development for both consumers and policymakers, the South African rand has shown notable resilience, firming to a rate of R16.96 against the US dollar. This recent appreciation from previous highs above R17.50 offers a crucial breather for a South African economy grappling with persistent cost-of-living pressures. The rand’s strength, a key indicator…
In a strategic move poised to reshape the continent’s digital landscape, Vodacom Group Ltd. has announced a landmark partnership with Elon Musk’s Starlink to deploy high-speed satellite internet across its African markets. The deal is set to revolutionize connectivity in remote and underserved areas, yet it casts a glaring spotlight on South Africa—Vodacom’s home base—which…
In a seismic shift that could redraw the global diamond map, the Botswana government is actively negotiating to acquire a controlling stake in the legendary diamond conglomerate De Beers, a move that would fundamentally alter one of the world’s most iconic and historically complex industry partnerships. According to high-level government and industry sources, Botswana is…
In a move that signals a profound shift in South Africa’s economic policy, Finance Minister Enoch Godongwana is expected to use Wednesday’s critical Medium-Term Budget Policy Statement (MTBPS) to formally endorse lowering the country’s official inflation anchor to 3%, according to senior treasury officials familiar with the matter. This strategic revision would mark the end…
In a milestone that cements its status as a titan of South African urban fashion, homegrown streetwear brand GALXBOY has officially opened the doors to its 16th retail location at the Diamond Pavilion Mall in Kimberley. The November 7th launch is more than just a new storefront; it is the latest chapter in a 17-year…
In a powerful demonstration of strategic resilience, Vodacom Group today unveiled a set of exceptionally strong financial results for the six months ended September 30, 2025, effectively weathering a significant one-off financial settlement to post double-digit growth across its key metrics. The telecommunications giant reported a 12.2% surge in group service revenue to R65.81 billion, driving a 10.9%…
