South Africa Economic and Financial News
South Africa business ties gain focus after India conference visit
Cross-border business engagement between South Africa and India is drawing renewed attention after Yasmin Shrivastava returned from a conference in India focused on commercial cooperation. The ...
South Africa social grant rolls expand as Sassa support reaches 41% of population
Two decades after the South African Social Security Agency began operating, the country’s social grant system supports a far larger share of the population than it did at launch. The number of ...
U.S. trade policy targets South Africa, Rwanda AGOA access
Washington is moving to remove South Africa and Rwanda from a key U.S. duty-free trade program for African economies. The planned suspension under the African Growth and Opportunity Act would ...
US Dollar vs South African Rand trades down after momentum indicators remain bullish but price hovers above key moving averages
US Dollar vs South African Rand (USD/ZAR) edged lower on the day as technical momentum temporarily waned, with the pair holding just above key moving averages. The downside move is limited, ...
USD/ZAR trades flat as bearish momentum keeps pair below key moving averages
US Dollar vs South African Rand (USD/ZAR) is trading at R16.6027, marking a modest decline on the day. The pair remains below its short- and medium-term moving averages, ...
Attacq appoints chief investment officer for South Africa property operations
South African real estate group Attacq has appointed Muhammad Paruk as chief investment officer and a member of its executive committee, with the role taking effect in November 2026. The hire adds ...
South African motorists face higher fuel spending as pump prices climb
Rising petrol prices are pushing South African motorists to spend far more each month on fuel while changing how they buy at the pump. Discovery Insure’s customer data shows drivers are making ...
Redefine Properties guides for up to 5% FY2027 distributable income growth
After reporting higher annual earnings and dividends for FY2026, Redefine Properties is guiding for distributable income per share growth of 3% to 5% in FY2027. The outlook comes as the South ...
Concor enters business rescue as liabilities strain South African construction operations
South Africa's construction sector is facing renewed financial pressure as Concor enters voluntary business rescue proceedings after its project-related obligations outstrip its immediately ...
Johannesburg infrastructure decline sharpens pressure before South Africa local vote
With South Africa's local elections a week away, worsening rubbish build-up, water losses, electricity outages and damaged roads are intensifying voter anger in Johannesburg. The strain is ...
Amazon needs stronger AWS growth to support stock and AI spending outlook
After giving back more than half of its post-earnings rally, Amazon is under pressure to show that cloud growth can keep supporting its broader artificial intelligence investment case. Investors ...
South Africa local government failures deepen pressure on municipalities before elections
South Africa enters local elections on November 4 with mounting voter anger over failing basic services in many municipalities. In Maluti-a-Phofung, a rural municipality in the eastern Free State, ...
What's driving US Dollar vs South African Rand higher today?
US Dollar vs South African Rand (USD/ZAR) edged higher today amid persistent technical momentum and ongoing buying interest, with no fresh news events shaping sentiment. The move is supported by ...
US dollar to South African rand rate steady after Fed rate decision: Can USD/ZAR sustain gains?
US Dollar vs South African Rand (USD/ZAR) is trading at R16.7198, gaining 0.61% on the day. The pair remains above its key moving averages, reflecting continued short- ...
FirstRand Bank rating affirmed at BB with stable outlook
South Africa's banking outlook remains tied to modest economic growth and sovereign risk, even as major lenders maintain solid financial buffers. FirstRand Bank keeps its BB long-term issuer ...
Standard Bank ratings affirmed at BB as Fitch keeps stable outlook
South Africa's largest banking group by domestic assets retains its investment case from a standalone credit perspective despite a weaker economic backdrop. Fitch Ratings says Standard Bank Group ...
Dis-Chem sales rise on Better Rewards, while interim earnings and dividend fall
South African pharmacy retailer Dis-Chem grows revenue in the six months ended 31 August 2026 even as consumer spending remains under pressure. The stronger sales contribution from its Better ...
South Africa illegal gold mining persists as abandoned shafts, high bullion prices fuel damage
Illegal gold mining around Johannesburg is continuing to expand across abandoned shafts and surface sites as higher gold prices, poverty and weak enforcement sustain the trade. The activity is ...
Tshwane CFO faces Sars search warrant as scrutiny over conduct intensifies
Pressure on the City of Tshwane's finance leadership is increasing after revenue officials execute search warrants linked to chief financial officer Gareth Mnisi. The move comes months after his ...
Rand Mutual Assurance faces governance scrutiny over R32 billion asset consultant process
Governance concerns at Rand Mutual Assurance are escalating after management alerted shareholders to alleged misconduct tied to the selection of an asset management consultant overseeing an ...
FirstRand cuts executive bonuses as UK motor commission provision weighs on earnings
FirstRand is reducing executive short-term incentives again as fallout from the UK motor commission issue deepens across its Aldermore business. The latest cuts come after the group set aside ...
