Hilton is opening its first-ever hotel in Zimbabwe, and a South African developer is behind it
Hilton's first hotel in Zimbabwe will be built by Terrace Africa, and neither side will say what the deal is worth.
Business Bagel News
Daily news from the Business Bagel desk — the markets, money and company stories shaping South Africa, reported fast and kept clear.
Tesla’s new driverless taxi has no steering wheel or pedals, and regulators aren’t happy
American carmakers certify their own vehicles as road-legal, and the safety regulator wants to see how Tesla did it for one with no controls.
South Africa’s worst foot-and-mouth outbreak on record has turned into a fight over the price of vaccines
Onderstepoort Biological Products is not allowed to profit on foot-and-mouth doses, and the minister has put allegations about their pricing to its board.
Sun International is riding South Africa’s gambling boom, growing its casinos while cutting jobs at the same time
The group used its best casino numbers in three years to disclose a retrenchment process it has been running since July.
America’s AI spending spree has created an unlikely opportunity for South Africa’s Bell Equipment
The Richards Bay truck maker is absorbing American tariffs on the machines America is buying, and paid shareholders anyway.
Europe is putting R5.6 billion behind fixing basic services in South Africa’s biggest cities
The money goes to a Treasury programme for the eight metros, and Treasury says in the same statement that it will not be enough.
Editor’s pick
South Africans are spending more online than ever, and it’s creating a R159 billion market
World Wide Worx expects R159 billion of online spending this year, an increase almost the size of the entire 2020 market, coming from a slightly smaller share of adults.
Big story
Sibanye is bringing a South African gold mine back to life after more than a decade
Burnstone was mined for two years, flooded, and mothballed in 2012, and the shaft still standing there is most of the reason the project passed a board vote in 2026.
The Competition Commission is questioning why cheaper crops aren’t translating into cheaper groceries
Its third Cost of Living Report finds record gaps on maize meal, sunflower oil and frozen chicken, and its chief economist says margins like these may be worth a look.
Oura turned a tiny health-tracking ring into a billion-dollar business, and now it’s going public
The smart-ring maker booked $1.21 billion of revenue in nine months and a real profit behind it, and it is listing into a market four rivals are already crowding.
Capitec is joining a second stock exchange as the JSE’s smaller rival keeps gaining ground
A2X says its members now handle 85% of the listed-share trades executed in South Africa, and from Monday Capitec's shares trade there as well as on the JSE.
A huge platinum price recovery just turned Impala Platinum into a R17.1bn payday for shareholders
Implats went from R732 million of headline earnings to R22.9 billion in a year, and is handing back about 82% of its spare cash while warning that costs keep climbing.