Big story
The Foschini Group is cutting back and closing stores. Could Bash become the retailer’s saviour?
Moneyweb reports that the Foschini owner has begun consulting on head-office job cuts, in a year when about 100 shops closed and Bash sales grew 49.2%.
Abu Dhabi’s oil company is buying South Africa’s 580 Shell stations, and it’s just picked it’s local partner
Reatile Group takes a minority holding in a business with 580 forecourts once ADNOC's $1bn purchase closes, and neither side will say how big a minority.
Government is asking private companies to fund the R2 trillion pipeline it cannot pay for itself
Government says the budget cannot build the pipeline alone, so the work now is turning proposals into something private money will fund.
Nvidia is reportedly raising AI server prices by more than 15% as memory costs surge
Servers built around its AI chips are going up more than 15% from early next year, according to Bloomberg, because three companies cannot make memory fast enough.
MTN will spend R6 billion buying back its own shares after declaring no interim dividend
Underlying earnings rose 21.3%, the reported profit line fell on an Iranian writedown, and the money going back to shareholders comes as a buyback.
Eskom has reportedly cut its diesel bill by 83% as South Africa goes 462 days without load shedding
The emergency turbines that ran nearly 9% of the time last year are running about 1% of the time now, and the coal fleet is the reason.
Platinum lifted African Rainbow Minerals' earnings, and the rand took some of it back
The miner told the market its core earnings should land between R3.02bn and R3.29bn for the year to June, with full results due on 4 September.
Cell C's fastest-growing business rents its network to banks and retailers
Wholesale revenue rose 20% in the operator's first full year as a listed company, and an independent read of the numbers says one-offs did most of the rest.
The Roundup — Monday, 24 August 2026
Bitcoin surged 22% in its biggest week in over two years. Here’s what was behind the run.
The Treasury said it would double its buybacks of long-dated debt, yields fell, and the largest cryptocurrency added 22% over five days.
Big story
A Malaysian retail giant worth over R56 billion is rapidly expanding across South Africa
The Malaysian chain says it wants that at 20%, and has set out how it decides which South African suppliers get onto the shelf.