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South Africa
Joined December 2013
S&P upgrade, improved finances, and fewer power cuts boost confidence, but slow reforms limit growth.
biznews.com
Key topics:S&P upgrade and end of power cuts lift economic confidence in SATreasury projects modest 1.2% growth despite positive reformsSlow, partial reform
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South African bankers are highly optimistic as credit ratings, markets, and economic reforms signal a strong recovery.
biznews.com
Key topics:South African bankers most optimistic on economy in two decadesS&P upgrades SA credit; rand and stocks surge sharplyGDP growth, employment, and r
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House votes to release Jeffrey Epstein files as Trump shifts blame, while survivors push for justice and transparency.
biznews.com
Key topics:House votes overwhelmingly to release Jeffrey Epstein-related files.Trump pivots, blaming Democrats while avoiding direct action himself.Survivors pu
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Cloudflare’s network outage temporarily took down ChatGPT, X, and major sites, caused by a configuration error—not a cyberattack.
biznews.com
Key topics:Cloudflare outage disrupted major websites globally for hours.Cause was a config file error, not a cyberattack.Highlights global reliance on few inte
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Barrick Mining shakes up leadership and restructures operations amid activist investor pressure and takeover speculation.
biznews.com
Key topics:Barrick shakes up management amid operational and safety concerns.Activist investor Elliott takes large stake; breakup speculated.Regional operations
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Meta platforms profit from scams and deepfakes, exposing millions and enabling trafficked victims in SE Asia to run online fraud schemes.
biznews.com
Key topics:Meta platforms fuelled scams, deepfakes reached nearly 1M EU users.Internal docs show Meta profited $16bn from likely fraudulent ads.Scam hubs in SE
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Markets wobble as Bitcoin, tech, and private equity slide; Nvidia earnings may set the year-end tone.
biznews.com
Key topics:Market sentiment darkens as speculative assets and tech stocks slumpPrivate equity and Big Tech strains expose deep market vulnerabilitiesNvidia earn
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Bitcoin’s mainstream rise now brings new risks as prices fall, catalysts fade, and crypto’s growing ties to tech markets raise concerns of wider contagion.
biznews.com
Key topics:Bitcoin’s rise to mainstream acceptance reshapes global financePrices slump as crypto loses fresh catalysts for further gainsWider market risks grow
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Regional resilience and market share gains soften RFG’s profit decline as international losses mount and a Premier Group buyout approaches.
biznews.com
Key topics:Profitability dragged down by international revenue drop and a R104m impairment.Regional segment grows 4.1%, with strong gains in fresh foods and rea
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Strong volumes, rising NEPS and steady occupancy underpin Life Healthcare’s year, but IFRS fair value adjustments heavily distort reported earnings.
biznews.com
Key topics:Strong underlying trading performance: revenue +5.5% to 6.5%, NEPS +7% to 12%.Piramal fair value adjustment knocks ±201c off EPS/HEPS, masking core s
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Strong domestic trading lifted Southern Sun’s H1 performance, offsetting offshore losses and rising operating costs that squeezed group margins.
biznews.com
Key topics:Domestic portfolio delivers 8% growth, with Western Cape and Sandton leading gains.Offshore operations slump, posting an Ebitdar loss after Paradise
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Kevin Brady tells Alec Hogg how A2X’s three-year battle exposed the JSE’s anti-competitive pricing and opened the door to real market competition in SA.
biznews.com
A2X CEO Kevin Brady joins Alec Hogg for a director’s cut deep dive into the explosive Competition Commission ruling that threatens the JSE’s century-old dominan
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A2X accuses JSE of monopolistic practices costing retirees billions, with fines and staff retrenchments possible amid a heated competition probe.
biznews.com
The Johannesburg Stock Exchange faces a potential R300 million fine after A2X accused it of monopolistic practices. CEO Kevin Brady claims South African retiree
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Heritage Western Cape’s controversial decisions stall Cape Town development, reflecting a global pattern of regulatory paralysis and stagnation.
biznews.com
Key topics:Heritage Western Cape blocks key Cape Town development projects.Oude Molen and Athlone cases show political, regulatory obstruction.Local issues refl
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Cassava Technologies, supported by Nvidia, plans $700M AI data centres to lower costs and expand access for African startups and nonprofits.
biznews.com
Key topics:Cassava plans $700m AI data centre expansion across Africa.Partnership with Rockefeller to lower AI costs for nonprofits.Initiative aims to boost Afr
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Crypto’s MAGA hype fades as Bitcoin, crypto stocks drop, political shifts reshape narratives, and elite investors cash out.
biznews.com
Key topics:Bitcoin, crypto stocks fall as MAGA political hype fades.Elite investors cash out amid slow ETF flows, market drop.Political shifts reshape crypto na
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Examining South Africa’s Palestinian arrivals: humanitarian aid, political controversy, and Imtiaz Sooliman’s contested ideological influence.
biznews.com
Key topics:Controversy surrounds Imtiaz Sooliman’s role in Palestinian arrivals to South AfricaDebate over whether removals were forced or voluntary humanitaria
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Ackermans raise R1.6bn through an 8.5% Pick n Pay share sale to settle restructuring debt as their voting interest drops to 36.8%.
biznews.com
Key topics:R1.6bn raised via accelerated bookbuild to repay restructuring-related funding.Ackerman voting interest drops from 49% to 36.8% after B-share voting
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FX losses and valuation cuts hit Reinet’s NAV, but rising share prices, strong liquidity and a major asset sale deal soften the blow.
biznews.com
Key topics:NAV down 3.7% after €190m loss from currency weakness and PIC revaluation.Pension Corporation sale agreement and €303m dividends bolster liquidity.Sh
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The DOJ opens investigation into Epstein’s connections with Clinton, Summers, Hoffman, and Trump, sparking political debate and congressional scrutiny.
biznews.com
Key topics:DOJ launches probe into Epstein ties with Clinton, Summers, Hoffman.Trump urges investigation amid scrutiny over his own Epstein links.Epstein files
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