South Africa: SAA Group CEO Recruitment Drama Takes a New Turn As Seshibe Withdraws Court Challenge

This doesn't clear up the messy recruitment process for the country's national carrier CEO position, but at least the board can continue. Read more »

South Africa: State Development Finance Institutions Push for Bright Post-Austerity Future

The Development Bank of Southern Africa and the Industrial Development Corporation are experiencing contrasting fortunes, but the future of South Africa's economic development… Read more »

South Africa: Invoices Reveal Anomalies in the Millions Daybreak Foods Paid to Pic-Linked Law Firm

The DA's call for an SIU probe into the legal fees billed to Daybreak Foods certainly has merit when looking at the invoicing - misconduct so severe that even the business rescue… Read more »

South Africa: Gqeberha Ice Cream Startup Eyes Major Supermarket Deal Ahead of R1m Pitch

Gqeberha ice cream maker Thando Volontiya caught Shoprite Checkers' eye after his GQ Creamery ice cream generated a buzz on social media. On Thursday, he'll pitch for a R1m prize… Read more »

South Africa: Woolworths' Slowing Sales Show SA's Upper-Income Shoppers Tightening Their Belts Too

If you're feeling that the numbers are tight right now, you're not alone. A look at share prices in the retail sector on the JSE suggests that investors have felt every notch as… Read more »

South Africa: Aussie Diggers Target 'World-Class' Gas Fields in Mpumalanga

An Australian energy group has set its sights on sinking dozens of natural gas wells in Mpumalanga province, aiming to provide "cleaner" fuel to at least one local power station… Read more »

South Africa: Karooooo - Software As a Service (SAAs) That Ai Hasn't Broken

With a robust subscriber base and impressive growth trajectory, Karooooo proves resilient to AI disruption. However, potential investors should weigh its high stock valuation… Read more »

South Africa: Transparency Trial - Four Radioactive Incidents, One Question - What Do Koeberg's Maintenance Failures Reveal?

Eskom insists there was no danger to the public from a series of radiation-related incidents at Koeberg Nuclear Power Station, and that the highest dose recorded among workers was… Read more »

South Africa: Mandela Bay Development Agency Founding CEO Returns to Right the Ship He Launched

Over the next few months, the man who helped start the Mandela Bay Development Agency hopes to stabilise the organisation and set it up to play an important role in Nelson Mandela… Read more »

South Africa: Malatsi Gives Sita 30 Days to Come Up With a Recovery Plan

The results of the investigation into the health of the State Information Technology Agency that Communications Minister Solly Malatsi called for in December 2024 are in, and make… Read more »

South Africa: The Music Is Still Playing. but for How Long?

In July 2007, just months before the global financial crisis broke, Citigroup CEO Chuck Prince gave one of the most revealing quotes in modern financial history. "As long as the… Read more »

South Africa: Global Airline Execs Believe in SAA - With a Few Caveats

A trip to IATA's annual general meeting in Rio de Janeiro reveals that South African Airways still gets a lot of love in the global aviation community, but the government's… Read more »

South Africa: Tongaat Hulett Business Rescue - Brinkmanship On Steroids, in Service of a Dubious Zimbabwean Elite

Attempts to take over Tongaat Hulett have been shadowed by suspicions that the initiative is driven by politically exposed Zimbabweans pushing to externalise their cash and their… Read more »

South Africa: Betting Battle Joined - SA Reserve Bank Probes Betway

Gambling giant Betway has disclosed that it is facing an investigation by the South African Reserve Bank. Read more »

South Africa: Blast-Off - Elon Musk On Track to Become World's First Trillionaire On Friday

On Friday, the eccentric and controversial South African-born businessman Elon Musk will probably become the world's first trillionaire when the initial public offering of his… Read more »

South Africa: AI May Be Smart, but Boards Still Carry the Legal Headache

Artificial intelligence is no longer the shiny new toy in the corporate cupboard. It is already sitting inside fraud detection systems, customer service tools, compliance… Read more »

South Africa: Company Rescued By Council Transformer Lease Now Owes Metro R45m, Including R11.9m Electricity Arrears

Nelson Mandela Bay metro finds itself in a Catch-22 situation as the company it irregularly leased a municipal asset to, raising public backlash, has now failed to pay its… Read more »

South Africa: New Broom Promises to Clean Up SAA and Improve Accountability

The national carrier's incoming interim CEO, Matshela Seshibe, made a visible difference during his time at Air Chefs, drawing praise for strong leadership that has improved the… Read more »

South Africa: Foodforward SA Calls for Decisive Action to Address Sharp Rise in Food Insecurity

The nonprofit FoodForward SA has red-flagged the sharp rise in nutrition insecurity in South African households over the past five years, driven by rising living costs, food prices… Read more »

South Africa: Did the Competition Commission Let Meta Off the Hook?

South Africa's landmark market inquiry imposed financial remedies on Google but not Meta. With publisher and platform appeals still hidden from public view, the question deserves… Read more »

Southern Africa: SAPS' Organised Crime Boss Explains His R80,000 Loan From 'Cat' Matlala

Major-General Richard Shibiri, tasked with leading organised crime investigations within the police's detective and forensic division, accepted an R80,000 loan from alleged tender… Read more »

South Africa: MTN's Iran Headache Just Got Worse As Sanctions, Strikes Tighten Noose

The escalating situation in Iran is a massive drag on any South African business immersed in the global supply chain. But for a multinational network operator like MTN, it is all… Read more »

South Africa: FSCA Slaps Ex-Steinhoff Legal and Treasury Chief Grobler With R359m Fraud Fine

The net tightens around Steinhoff's inner circle. With a R359-million penalty, the FSCA signals that accountability for one of South Africa's biggest corporate collapses will not… Read more »

South Africa: What Is Eskom's End State, Ask Energy Traders

Leading energy traders want to know what Eskom's end state is as they push for clarity on the phasing out of South Africa's energy monopoly. Read more »

South Africa: Bittersweet End for Tongaat Hulett As Rescuers Throw in the Towel

The sugar giant's business rescue practitioners have filed for provisional liquidation after a R12-billion collapse, citing a breakdown in funding talks and new demands from the… Read more »