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News
Ramaphosa calls for more Indian investment in SA’s mineral and energy sectors
5+ hour, 29+ min ago (620+ words) President Cyril Ramaphosa has called for greater Indian investment in South Africa’s critical minerals, infrastructure, energy and manufacturing sectors, with a focus on building local production and value chains. Speaking at the India-South Africa Business Leadership Roundtable in New Delhi…...
Refinery closures cost South Africa R76bn in extra fuel imports
5+ hour, 29+ min ago (758+ words) South Africa spent about R76bn more than it would have importing refined petroleum products between 2021 and 2024 had it not allowed its refining capacity to wither away, exposing the economy to the vulnerability of external shocks. The economy also paid the price…...
PODCAST | FNB referral arrangement set to fuel growth in Sourcefin’s SME funding business
3+ day, 6+ hour ago (647+ words) Fintech platform Sourcefin aims to capitalise on its new referral arrangement with FNB to grow its specialist small and medium-sized enterprise (SME) funding business in South Africa, enabling more small businesses to turn growth opportunities into orders delivered. Founded in…...
OSAGYEFO MAZWAI | SA’s growth story must be built to endure
3+ day, 17+ hour ago (356+ words) A few weeks ago Reserve Bank governor Lesetja Kganyago delivered what should be a deeply consequential speech for South African economic policymakers and stakeholders. In his principal and vice-chancellor public lecture on leadership engagement at the University of South Africa,…...
Pan African expects HEPS to nearly triple on higher gold price
3+ day, 22+ hour ago (258+ words) Pan African Resources expects its full-year HEPS to almost triple, supported by higher gold prices and a rise in the amount of metal sold. The gold producer said in a trading statement on Thursday that HEPS was expected to be…...
Strong rand, elevated weather-related claims weigh on Sanlam
3+ day, 22+ hour ago (565+ words) Sanlam has reported flat first half earnings as elevated weather-related insurance claims in South Africa and parts of Africa and the stronger rand, which reduced the translated value of earnings from businesses outside South Africa, weighed on performance. The group…...
South Africa’s current account swings to R205.5bn deficit in second quarter
3+ day, 22+ hour ago (464+ words) South Africa’s current account switched to a deficit of R205.5bn in the second quarter of 2026 after recording a downwardly revised surplus of R181.6bn during the first quarter, the South African Reserve Bank said on Thursday. As a ratio of GDP, the current…...
WATCH | SA household resilience improves but job losses raise concerns
4+ day, 17+ hour ago (166+ words) Business Day WATCH | SA household resilience improves but job losses raise concerns Business Day TV spoke to Johan Gellatly, MD of Altron FinTech The Altron FinTech household financial resilience index has improved for a seventh consecutive quarter, pointing to a…...
WATCH | Why SA’s economy shrank in the second quarter
5+ day, 16+ hour ago (118+ words) Business Day WATCH | Why SA’s economy shrank in the second quarter Business Day TV caught up with Citi economist Gina Schoeman to discuss South Africa’s latest GDP print, which shows the economy contracted 0.2% in the second quarter. Would you like…...
PETER ATTARD MONTALTO | Procurement reform is key to South Africa’s growth
5+ day, 5+ hour ago (388+ words) Clients sometimes despair and ask me: “what’s the one thing that no-one has thought of to get faster growth?” Yesterday’s decisively “meh” GDP data focuses the mind further on such questions. Procurement is where the growth agenda is tested, and…...