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 »

South Africa: Flysafair Deal Averted Licence Crisis At Eleventh Hour

No matter how they frame it, South Africa's most efficient airline had no choice but to seek a local owner to keep its planes in the sky. Read more »

South Africa: British American Tobacco Stops Cigarette Manufacturing in South Africa

After half a century of production, British American Tobacco (BAT) will stop making cigarettes in South Africa by the end of this year, blaming policy failures and the illicit… Read more »

South Africa: Eskom's 'Stayed' Court Case Shows Double Game Duplicity On Electricity Trading

For months, South Africans have been told that Eskom has "paused" or "stayed" its legal challenge against the National Energy Regulator of South Africa (Nersa) over the granting of… Read more »

South Africa: Regulator Probe, Public Uproar Spare 16,507 Discovery Health Members From R125m Billing Error

Discovery Health's systems hiccup turned routine claims into nasty 'you owe us' notices for 16,507 members, with some demands climbing toward R80,000. After MediCheck lit the fuse… Read more »

South Africa: Discovery Health Gives You Another Reason to Hate Your Medical Scheme

In the middle-class story of the holidays, what made Discovery Health's reimbursement error utterly bizarre was that it publicly defended its flawed legal stance when it never had… Read more »

South Africa: Eskom Awards Contract to Develop a Virtual Wheeling Platform Amid Regulatory Tension

Eskom has quietly taken an important step in the roll-out of its long-awaited virtual wheeling product, awarding a significant contract in the past few weeks to Johannesburg-based… Read more »

South Africa: Shoprite's Food Security Index Shows Hopeful Recovery Amid Ongoing Economic Challenges in SA

Shoprite's latest Food Security Index shows progress, but hunger in South Africa endures. Retailers cut prices and food rescue groups fight waste, yet without coherent policy the… Read more »

South Africa: Pick N Pay Regains Its Footing, but Still Has a Mountain to Climb

After years of slipping, Pick n Pay seems to be back on track, and CEO Sean Summers believes the path, though steep, is leading to firmer ground. Read more »

South Africa: Ecobank Haunted By $165m Fraud Saga and Drawn-Out Legal War

The banking group with the largest footprint in Africa has doggedly tried to recoup losses from fraudulent transactions stretching back to 2014. Read more »

South Africa: Take Two for Nelson Mandela Bay's Controversial New Acting City Manager

Former Bitou Municipality city manager Lonwabo Ngoqo was appointed as the Nelson Mandela Bay metro's 18th acting city manager on Tuesday. Read more »