Big story
SA's two-speed economy: mining surges as factories slip
Mining output jumped 8.2% in April while manufacturing fell 2.9%, laying bare an uneven South African recovery.
Big story
Mining output jumped 8.2% in April while manufacturing fell 2.9%, laying bare an uneven South African recovery.
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Alexforbes grew its closing assets 22% to R733 billion and lifted normalised profit 22%, though headline earnings stayed muted.
The rand firmed to R16.52 against the dollar even as renewed US-Iran strikes and a closed Strait of Hormuz sent oil prices jumping.
Nedbank, Investec, FNB and Standard Bank are pouring resources into winning over medium-sized companies — a once-overlooked segment now delivering returns of up to 30%.
Surging gold exports pushed South Africa's current account surplus to 2.4% of GDP in the first quarter — the largest in more than four years.
Strong fuel over-recoveries, softer oil after the Iran-Israel ceasefire and a resilient rand point to petrol falling around R1.10 a litre in July — even with the full fuel levy back.
Eskom has launched Eskom Green, a utility-scale renewable energy business with 17 priority projects aimed at delivering roughly 6 GW of new capacity at its coal-fired sites by 2030.
Government has set an end-March 2027 target to fully launch South Africa's long-delayed mining rights database, with only one province migrated so far.
South Africa's economy grew a stronger-than-expected 0.5% in the first quarter, lifting the rand — though the figures predate the oil shock now rippling through the economy.
South African EV-infrastructure startup Zimi has raised $2.6m to expand its battery-swapping and charging network for commercial fleets.
More than 43% of Absa shareholders voted against the bank's pay report after new CEO Kenny Fihla's R148m package, one of SA banking's biggest remuneration rebukes.
Fitch has lifted South Africa's sovereign rating to BB, the first upgrade in nearly 21 years, rewarding years of hard-won fiscal discipline.