Collaboration across sectors best way of combating financial scamming

Collaboration, not only among financial institutions, but also among sectors that provide digital services, is the most effective means of combating the growth of financial scamming taking place in... 

EIB Global extends €350m loan to Transnet for modernisation, green hydrogen efforts

Multilateral finance institution the European Investment Bank’s (EIB’s) development finance arm EIB Global has extended a €350-million loan to State-owned transport and logistics company Transnet.... 

Mining awareness among new engineers low, but energy transition attracts them – report

Engineering group Sandvik's 'The future of mining talent: What STEM graduates really think' report says that, while awareness of mining remains low among young engineers, many are open to joining... 

Adams & Adams launches platform to advise African clients on AI risks

Law firm Adams & Adams has launched its SMARTAI IP Portal – an advisory service digital platform designed to help businesses understand, assess and address the risks posed by AI systems. AI... 

PwC South Africa appoints Anastacia Tshesane as incoming CEO

PwC has appointed PwC South Africa governing board and PwC Africa governance board chairperson Anastacia Tshesane as the new PwC South Africa CEO, with effect from July 1, 2026. Tshesane has served... 

JDA partners with NYDA to boost youth participation in Joburg’s development

The City of Johannesburg's Johannesburg Development Agency (JDA) has formed a strategic partnership with the National Youth Development Agency (NYDA) to accelerate youth economic participation,... 

Nersa to hold workshop on tariff application process for municipalities on Dec 5

The National Energy Regulator of South Africa (Nersa) will host a workshop with municipalities on the tariff application process for the 2026/27 financial year from 09:00 to 13:00 on December 5.... 

SARB announces Jibar to cease at end of 2026

The South African Reserve Bank (SARB) says the Johannesburg Interbank Average Rate (Jibar) will be permanently discontinued immediately after its final publication on December 31, 2026. All Jibar... 

Private sector activity continued to soften in November – S&P PMI

South African firms saw a further decline in business conditions in November, signalling a weak end to 2025 after the contraction in October. Output and new orders decreased for a second month... 

ASP Isotopes founder Mann to resume CEO, chairperson duties from January

JSE- and Nasdaq-listed isotopes production company ASP Isotopes has announced that its founder and executive chairperson Paul Mann will resume his role as CEO and continue as executive chairperson... 

National Planning Commission report shows capital build-up without reinvestment in gross fixed capital formation

A new report by the National Planning Commission (NPC) shows that there is a significant build-up of capital in the economy that is not being reinvested in gross fixed capital formation (GFCF), but... 

Local government expenditure expected to exceed revenue for next three years - Treasury

National Treasury has published the 2025/26 Medium Term Revenue and Expenditure Framework (MTREF) operating and capital budgets of municipalities, which shows that the aggregated budgeted revenue... 

Andru Mining receives new centenary D8 Caterpillar dozer from Barloworld Equipment

Mining services company Andru Mining received a new grey-coloured D8 dozer, made by construction and mining equipment company Caterpillar, from industrial equipment company Barloworld Equipment on... 

Sars records preliminary trade balance surplus of R15.6bn in October

South Africa recorded a preliminary trade balance surplus of R15.6-billion in October. This surplus was attributable to exports of R192.2-billion and imports of R176.6-billion, including trade with... 

Kenya, Somali security exchanges sign partnership for cross-border investment and financial integration

The Nairobi Securities Exchange (NSE) of Kenya and the National Securities Exchange of Somalia (NSES) have signed an agreement to deepen cooperation in East Africa’s capital-markets ecosystem and... 

African resources to drive global energy transition, but capital to develop remains expensive - RMB

Africa's natural capital of mineral and natural resources underpins the continent’s development agenda and places it at the centre of the global clean energy transition, and demand for critical... 

Oni-Tel launches fibre network to connect data centres in Gauteng

Fibreoptic cable infrastructure company Oni-Tel Fibre Networks has launched its inter-data centre fibre network. The high-speed fibre backbone connects all major data centres across Gauteng, which... 

IFC extends $58.5m loan to Candi Solar for South African, Indian solar projects

Commercial and industrial solar power company Candi Solar has secured $58.5-million in funding from development finance institution the International Finance Corporation (IFC), which is a member of... 

Tax, policy gaps stand between automotive manufacturing goals and reality

The South African Automotive Masterplan 2035 and the Automotive Production Development Programme (APDP) both aim to grow the local automotive manufacturing industry, but the country's vehicle tax... 

UNDP launches initiative advancing food safety among township enterprises using digital tools

The United Nations Development Programme (UNDP) in South Africa has launched the Digital Innovation for Modernising the Independent Economy (DIME) initiative to transform township economies through... 

For each $1bn invested in data centres, $125m of investments needed in energy infrastructure – Coface

Every $1-billion invested globally in AI-dedicated data centres requires about $125-million in related energy-sector investment, with two-thirds of this amount needed for grid upgrades and... 

Next six months critical for Takealot as it aims for full-year profit

E-commerce retailer and service provider Takealot increased its revenue by 23% year-on-year for the six months to September 30, and narrowed its loss before interest and taxes by 68% to... 

Summit Africa raises R900m with second private equity fund

Impact investment management company Summit Africa has secured about R900-million in investment commitments toward its second private equity fund Summit Private Equity Fund II’s (SPEF II’s) target... 

Sars launches Large Business Forum to boost relationships and compliance

The South African Revenue Service (Sars) has launched the Large Business Forum to foster voluntary compliance and strengthen the relationship with South Africa’s largest corporate taxpayers. “The... 

Wits launches honours, master's cybersecurity postgraduate degrees

The University of the Witwatersrand (Wits) will launch two new postgraduate degrees in cybersecurity aimed at developing highly skilled professionals to safeguard Africa’s digital future. People... 

PPC grows interim revenue, earnings, Ebitda as turnaround gains momentum

JSE-listed cement and building materials manufacturer PPC has reported a 6.2% year-on-year increase in revenue and a 23.5% year-on-year increase in earnings before interest, taxes, depreciation and... 

Naspers, Prosus provide $100 000 grant funding to five female founder winners of Africa Tech Challenge

JSE-listed technology investment management companies Naspers and its Europe-listed subsidiary Prosus will provide equity-free grant funding totalling $100 000 to the five winning female founders... 

EIB Global extends €350m loan to Transnet for modernisation, green hydrogen efforts

Multilateral finance institution the European Investment Bank’s (EIB’s) development finance arm EIB Global has extended a €350-million loan to State-owned transport and logistics company Transnet.... 

Seifsa awards celebrate grit of metals, engineering sector companies

Industry employer organisation the Steel and Engineering Industries Federation of Southern Africa (Seifsa) hosted its tenth yearly Awards for Excellence, which recognised the breadth of talent in... 

Finance industry on the right track to fast, secure payments, says Capitec

South Africa's finance industry is on the right track to enable real-time payments, with initiatives such as low-cost money transfer scheme PayShap moving the country towards the unified, real-time... 

AI data centre expansion exposes strains in construction supply chains

The complex requirements of new data centres that are capable of supporting AI workloads may be outpacing supply chain preparedness, says professional services company Turner & Townsend in its... 

Sharp rise in identity, AI-driven cyberattacks in Africa, as AI shifts attacker tactics - Check Point

Cybersecurity company Check Point’s 'African Perspectives on Cyber Security Report 2025' shows a sharp rise in cyberattacks across the continent and a major shift in the tactics of attackers that... 

Bidvest International Logistics opens new pharmaceutical warehouse at OR Tambo airport

Transport and logistics company Bidvest International Logistics (BIL) has opened a new pharmaceutical warehouse in OR Tambo International Airport, in Ekurhuleni, east of Johannesburg, to meet the... 

First Walmart store in South Africa to open in Clearwater Mall on Nov 22

US-based retail multinational Walmart will open its first branded store in South Africa on November 22, at Clearwater Mall in Roodepoort, Johannesburg, marking its official entry into the country.... 

Anti-fraud professionals warn of continuing rise in AI-powered fraud techniques

A cross-industry survey of anti-fraud professionals found that 77% of respondents reported an acceleration in deepfake social engineering over the past 24 months; and that 28% of respondents expect... 

Volkswagen builds two-millionth Polo at Plant Kariega, destined for Australia

Automotive manufacturer Volkswagen Group Africa (VWGA) completed the production of its two-millionth VW Polo – a smoky grey Polo destined for Australia that rolled off the production line at its... 

Trade conditions remain in negative territory – Sacci

Trade conditions remained in negative territory in October, with the South African Chamber of Commerce and Industry (Sacci) Trade Conditions Survey at 46, below the neutral level of 50. The average... 

Puma Energy appoints industry veteran Amanda Lopez as South Africa GM

Fuel retail company Puma Energy has appointed Amanda Lopez as South Africa GM to lead its operations in the country, as it aims to expand its presence and customer offering. “Amanda’s deep... 

EPCs necessary to improve energy efficiency of South Africa’s buildings

The new regulations requiring buildings to display their energy performance certificates (EPCs), which rate their energy-use efficiency, at entrances come into force on December 7. While... 

Awareness of mining low among new engineers, but energy transition can prompt them to join industry – report

Engineering group Sandvik's 'The future of mining talent: What STEM graduates really think' report says that, while awareness of mining remains low among young engineers, many are open to joining...