Wall Street braces for a jobs report, a Fed puzzle and SpaceX's debut
A busy week of US data and megacap earnings could set the tone for global markets, with shares near record highs and little room for disappointment.
Capitec built an empire on consumers. Now it wants your business.
With profit up 23% to R16.8 billion, Capitec says its tiny share of business banking is the biggest growth opportunity of the next three years.
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The AI boom is about to make your next laptop more expensive
A global memory shortage nicknamed RAMaggedon has delayed Apple's MacBook Air and pushed gadget prices sharply higher, with cars possibly next.
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South Africa's driving licences are about to last twice as long
Cabinet has approved doubling the validity of ordinary licences to ten years, but the familiar five-year renewal still applies until the law catches up.
Mondi Is Shutting Factories After a Painful Half — and Investors Cheered
Profits fell hard at the packaging giant, so it sped up plant closures and cut spending. The market read it as discipline, sending the shares sharply higher.
The Roundup — Monday, 3 August 2026
The business day in five minutes — Monday, 3 August 2026.
South Africans Are Drinking Less Beer. SAB Still Made More Money.
By steering drinkers towards premium brands like Corona, SAB grew revenue and margins even as beer volumes fell — the same playbook powering parent AB InBev worldwide.
Big story
MTN's Best Numbers in Years Triggered Its Worst Day on the JSE
A 71% profit jump in Nigeria should have been a triumph — but a mobile-money stumble and a surprise Ghana lawsuit sent MTN's shares down almost 10%.
Cigarettes Are Fading. Nicotine Pouches Just Rescued Big Tobacco's Year.
British American Tobacco lifted its profit outlook as booming Velo pouch sales and a strong US run offset shrinking cigarette demand — even as it cuts thousands of jobs.
Pep's Owner Says It's Building Its Own Bank — On Its Own
Pepkor shot down a report that it was teaming up with Standard Bank to take on Capitec, insisting its own bank is still on track for 2027.
Foschini's Boss Just Took a 59% Pay Cut. His Stores Are Next.
After a year of falling profit and a share price cut in half, The Foschini Group slashed its CEO's pay to R18.5 million and lined up hundreds of stores to close.
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Apple's Record Quarter Came With a Near-$500 Billion Hangover
The iPhone maker posted its strongest-ever June quarter, then watched a looming memory-chip shortage knock almost 10% off its share price.