The old phone company is now a data business, and it is paying shareholders more
Telkom lifted its dividend by two-thirds after a year in which data revenue climbed to nearly 60% of the total and cash flow strengthened.
Business Bagel News
Daily news from the Business Bagel desk — the markets, money and company stories shaping South Africa, reported fast and kept clear.
Why pork just got a lot cheaper at the till
A feared shortage turned into a glut, and wholesale pork has slid from about R40 a kilo back down to R30. Here is what happened.
Mr Price's German bet is paying off, just as local shoppers run out of room
A 45% jump in sales looks stellar, until you strip out the new German chain and see how hard South African consumers are being squeezed.
The fund guarding civil servants' pensions just lost most of its board
In a single week, six directors quit the Public Investment Corporation, the chair resigned and the finance minister stepped in. At the centre: a fight over top investment jobs and a R411 million payment.
Big story
Why the Reserve Bank left your loan repayments exactly where they are
Most economists bet on a rate hike this week. The Reserve Bank held steady instead, the rand tumbled, and even the governor admits he might be proven wrong.
South Africa wants to build electric-car batteries, not just dig up what goes in them
A five-year, UN-backed programme aims to give the country the labs, skills and recycling to claim a place in the electric-vehicle battery chain.
Forbes just put South Africa's most expensive homes in a global shop window
The invitation-only Forbes Global Properties network has launched locally, aiming to sell Atlantic Seaboard and Winelands trophy homes to foreign buyers.
Big story
Pepkor is betting R21 billion on banking South Africa's cash economy
The retailer behind Pep and Ackermans is merging Flash and Shop2Shop into a payments business aimed at the country's R1 trillion informal market.
South Africa's weight-loss jab market is about to get a lot more crowded
The country's medicine regulator is weighing a dozen generic copies of the drug behind Ozempic and Wegovy, and cheaper prices should follow.
South Africa's state bank is hunting an investor for a private-island resort
The Industrial Development Corporation has spent about R430m on a five-star Mozambican getaway, and now it wants a partner to help finish it.
London's stock exchange wants to trade through the night, with AI doing the buying
A new venue called LSE 24 would run from evening to dawn, built for algorithms and AI agents to trade around the clock.
France just became the first EU country to log its teenagers off
A new law bars under-15s from social media from September and kicks phones out of high schools, and the rest of Europe is watching.