Uber has switched off in Nigeria and Uganda after more than a decade
The company gave no reason for leaving Lagos, and says the decision stops at those two markets.
Business Bagel News
Daily news from the Business Bagel desk — the markets, money and company stories shaping South Africa, reported fast and kept clear.
Albany is selling bread off the pavement, and wants 3 000 stands doing it
Tiger Brands supplies the stand and the daily delivery, the vendor supplies the labour, and the company puts the income at about R1 300 a month.
Medical schemes want South Africa to consider compulsory membership to bring the cost of cover down
An association whose members include Discovery Health, Momentum and Fedhealth says forcing everyone above the tax threshold to join would cut the cost of cover by between 10% and 30%.
Big story
Discovery Bank has stopped costing its parent money and started feeding it customers
The bank turned its first full-year profit, R370 million, and seven in ten of its new customers had no other Discovery product.
Africa's duty-free access to America gets two more years, tucked inside a shutdown bill
The extension runs to the end of 2028 and still needs President Trump's signature, and even with it South African exporters keep paying industry tariffs.
Cashbuild wants 15 new stores next year, but says there is almost nowhere left to put them
Revenue and margin both rose at the building-materials chain, and operating profit fell 15%.
Aspen made 14% more money without growing sales, while Mounjaro helped lift its biggest division
A R28 billion disposal, R4.6 billion of restructuring and writedowns, and a weight-loss injection carrying the biggest division.
Woolworths is shrinking its clothing floors as food increasingly becomes the retailer’s biggest growth engine
Food earns less on each rand and far more in total, so the new chief executive is sending the capital and the floor space its way.
GoPro is merging with an optics company as it pivots towards AI, defence and aerospace
GoPro shareholders get $285 million and keep about a tenth of the business, and the buyer's plan is aimed at AI data centres rather than cameras.
Volkswagen and Ford want new rules to help locally built cars compete with Chinese imports
Two carmakers spent this week calling for a level playing field against imports, and the thing they want changed is a support programme most South Africans have never heard of.
Big story
DStv looks set to launch a standalone sports package in South Africa
Pages MultiChoice briefly published show five packages replacing the old ladder on 17 September, at the same five prices subscribers already pay.
One of the world’s biggest banks thinks South Africa could escape junk status by 2028
The bank's case rests on three more years of the fiscal discipline that already earned South Africa its first Fitch upgrade in two decades.