South Africa Economic and Financial News
Madagascar opens confectionery import safeguard probe
Madagascar is moving to review import pressure on parts of its sweets market after starting a safeguard investigation covering sugar confectionery as well as chocolate and cocoa confectionery. The ...
South Africa commodity price index offers September 2026 market signals
South Africa's latest commodity price data adds to the picture of how domestic markets are responding to wider global price movements in September 2026. The index is positioned as a gauge of price ...
USD/ZAR trades flat as momentum indicators highlight oversold conditions
US Dollar vs South African Rand (USD/ZAR) is trading at R16.4637, posting a slight decline for the session. The pair remains below its key moving averages, indicating ...
Inseta dismisses CEO as governance scrutiny intensifies in South Africa's insurance training sector
South Africa's insurance training authority is reshaping its leadership after months of governance concerns around spending and procurement. Inseta says CEO Gugu Mkhize is dismissed with effect ...
Africa Bitcoin Corporation board resignations leave JSE-listed bitcoin firm with two directors
Governance turmoil at Africa Bitcoin Corporation is deepening as the JSE-listed bitcoin treasury company is reduced to two remaining directors after a fresh wave of resignations. The departures ...
Boxer keeps 1,000-store expansion target in South Africa
Boxer says it remains on course to reach 1,000 stores in the medium term as it scales openings across its discount retail formats in South Africa. The Pick n Pay majority-owned chain opened its ...
Peru port project draws investor interest from U.S., China and India
Southern Peru is attracting early international interest for a new port project valued at about $844 million as regional authorities step up efforts to present the plan to investors. The proposed ...
Ireland public sector workers plan strike over pay talks deadlock
Ireland is heading for its first major public sector strike since 2009 as unions and the government remain split over how to begin negotiations on a new pay deal. Around 300,000 workers are due to ...
Standard Bank underwrites Gautrain modernisation debt package in South Africa
Nearly two decades after helping finance Gautrain’s original build, Standard Bank is now securing funding for a new phase of upgrades under a 15-year public-private partnership concession. The ...
Afentra revises Angola drilling sequence, secures direct funding for Impala-2
Afentra is advancing development activity on its offshore Angola portfolio by moving the Borr Grid rig to the Impala-2 well before returning to Pacassa SW. The revised schedule is intended to ...
Blended finance gains traction in emerging markets development funding
Financing needs across emerging markets continue to outstrip the capital available from domestic savings and concessional funding sources. That gap is increasing pressure to draw in foreign ...
Africa credit agency launch underscores role of ratings in development finance
African institutions are formalising a long-running effort to build their own credit rating capacity with the launch of the Africa Credit Rating Agency. The move reflects concern over how ...
Boxer names CEO successor ahead of Marek Masojada retirement
Boxer is preparing a leadership transition that will see chief executive Marek Masojada retire in February 2027 after more than three decades with the discount retailer. Justin Galloway is taking ...
Pepkor fintech merger draws governance concerns in South Africa
Governance concerns are building around Pepkor’s plan to combine its Flash unit with rival platform Shop2Shop, a transaction that deepens the retailer’s push into financial services. The ...
Shoprite seeks six-year retention award for CEO as pay rises to R117.79 million
Shoprite is asking shareholders to back a special long-term share award for chief executive Pieter Engelbrecht after his total earned remuneration rose sharply in the 2026 financial year. The ...
Afrimat valuation screens cheap as debt concerns ease
Afrimat is trading near the bottom of its historical price-to-book range even as the South African miner faces an expected headline loss in H1:27. The balance sheet-based view suggests the stock ...
UK backs Solomon Islands cocoa processing expansion with machine for KOSI
Support for cocoa value-added production in Solomon Islands is widening as the UK supplies a new processing machine to social enterprise Kokonut Pacific Solomon Islands, or KOSI. The equipment is ...
Porsche targets higher-end pricing to rebuild margins after China slump
Facing weaker demand in China and the fallout from costly electrification decisions, Porsche is reshaping its product and pricing strategy to restore profitability. The carmaker plans to lift ...
California wealth tax measure faces voter resistance
As California voters begin receiving ballots this week, a proposed one-time 5% tax on the assets of the state’s richest residents is entering a more uncertain phase. Recent polling suggests ...
Sandra Ortega fortune grows with Inditex stake and family office assets
Sandra Ortega maintains a notably private and understated life in Galicia even as her wealth continues to expand through her holding in Inditex and the assets of her family office. The Spain-based ...
SA Canegrowers urges sugar tax to be scrapped in South Africa budget process
South Africa's sugar industry is under growing pressure from lower cane deliveries, weaker recoverable value and rising competition from imported sugar. Against that backdrop, growers are calling ...
