After a punishing period marked by deep financial losses and strategic missteps, South African retail giant Pick n Pay is showing the first green shoots of a potential recovery, with its latest trading update revealing improved sales momentum and a narrowing expected loss for the first half of the 2026 financial year. The group’s update…
In a significant shake-up of the South African retail loyalty landscape, Dis-Chem is set to launch its new “Better Rewards” programme on 21 October 2025, moving beyond traditional points-based systems to offer instant savings and a pioneering model that directly links discounts to proactive health management. The programme, which will automatically migrate Dis-Chem’s existing nine…
In a spirited address that blended political charm with staunch advocacy, Mineral and Petroleum Resources Minister Gwede Mantashe declared South Africa’s mining sector the nation’s “fastest transforming” economic engine, staking a bold claim at the Johannesburg Mining Indaba against the backdrop of soaring commodity prices and high-stakes regulatory negotiations. The minister, a former trade unionist…
In a move that could fundamentally reshape the daily commute for millions, Gauteng Premier Panyaza Lesufi announced a landmark initiative on Tuesday: a comprehensive plan to transition the province’s sprawling, informal minibus taxi industry to a fully cashless payment system. This ambitious strategy aims to drag South Africa’s economic heartland into the future of digital…
The South African rand exhibited a slight but notable resilience this past Friday, firming to R17.23 against the US dollar, a gain of approximately 0.3%. This upward nudge, however, belies a complex tapestry of competing economic forces where cautious optimism at home is being tempered by profound structural concerns and looming global risks. The currency’s…
In a strategic shift that signals its evolution from a domestic disruptor to a potential global player, Capitec, South Africa’s largest bank by customer numbers, has announced its ambition to expand its international operations. While plans remain in their nascent stages, the declaration marks a significant new chapter for the financial institution, which has built…
In a stark reminder of how interconnected the global automotive industry is, Ford Motor Company’s South African operations have announced plans to retrench 474 workers, a decision directly tied to a significant tax policy shift in the United Kingdom and disappointing sales of its flagship plug-in hybrid model. The company issued formal Section 189 retrenchment…
South African banking disruptor Capitec has once again “shot the lights out,” delivering a set of interim results that underscore its relentless growth and successful evolution beyond a pure-play lender. For the six months ended 31 August 2025, the bank announced a striking 26% surge in headline earnings to R8 billion, simultaneously surpassing a major…
In a watershed moment for South Africa’s energy landscape, the state-owned power utility Eskom has announced an after-tax profit of R16-billion for the 2025 financial year—its first positive financial result since 2017. This dramatic swing from the previous year’s staggering R55-billion loss signals that the utility’s intensive turnaround plan is gaining significant traction, marking a…
Cilo Cybin, South Africa’s pioneering cannabis-focused SPAC, has successfully transitioned to the JSE’s main board. The move from the AltX, coming just a year after its listing, positions the company for increased capital access and a broader investor audience. CEO Gabriel Theron stated the upgrade will bolster the firm’s competitiveness as it targets international expansion…
