Coca-Cola's African bottler is one regulator away from the JSE
Coca-Cola HBC says the Competition Commission's backing for its $2.6bn takeover of Coca-Cola Beverages Africa keeps it on course to list in Johannesburg this year.
Philip Ziegler
Union vows to fight De Beers over 1,214 job cuts at its only SA diamond mine
The National Union of Mineworkers has vowed to fight 1,214 job cuts after De Beers moved to halt production at Venetia, its only South African mine, for two years.
Big story
The R3-trillion fund guarding your pension is now under investigation
The FSCA has opened a formal investigation into the Public Investment Corporation — the R3-trillion manager of public-sector pensions — a day after it suspended its chief executive.
Editor’s pick
Young South Africans are buying Chinese cars — but not Chinese clothes
Standard Bank's 2026 Youth Barometer shows Chery and Haval deals up 423% in five years, with young buyers choosing new Chinese cars — while local retailers still beat Shein.
Cartier's boom just sent Richemont sparkling on the JSE
Richemont's quarterly sales jumped 20% to €6.3bn on runaway jewellery demand, and its Johannesburg-listed shares leapt 7.5% to the top of the JSE.
A Free State farm is quitting Eskom entirely
Belle Rive is building a 4.89MW solar array and a 20MWh battery — which its installer calls SA's biggest for an off-grid farm — to run cold rooms and irrigation without Eskom.
Stripe just made a $53bn move on PayPal
Stripe and buyout firm Advent have offered $60.50 a share for PayPal — a 28% premium worth more than $53 billion — in a rare bid by one payments rival for another.
Buffett wants his fortune gone in eight years — and Gates is off the list
Warren Buffett says he'll give away his entire Berkshire Hathaway stake within about eight years — and has quietly left the Gates Foundation off the list for the first time in two decades.
The Creamery was closing — then the buyers showed up
Days after Food Lover's said it would shut ice-cream chain The Creamery, it says several parties have approached about buying the 15-year-old brand.
Big story
Inflation is about to cool. Bank of America still expects a hike next week
The US lender expects the Reserve Bank to lift the repo rate another 25 basis points on 23 July, arguing that rising inflation expectations — not the oil price — are now the real risk.
Big story
De Beers is switching off South Africa's biggest diamond mine for two years
De Beers will suspend production at Venetia, its flagship Limpopo mine, for two years — and on the same day, one of the leading bidders for the company walked away.
Big story
Treasury freezes R13.5bn — and starts paying municipal creditors directly
National Treasury has withheld July's equitable share from 69 municipalities and will route the money straight to Eskom, water boards and pension funds, as Nelson Mandela Bay's business chamber warns of damage to investor confidence.