Wall Street's winning streak hits a chip-sized snag
After a record-setting Monday, US stocks slipped on Tuesday as a sell-off in chip shares, pricier oil and pre-earnings jitters cooled the mood.
Business Bagel News
Daily news from the Business Bagel desk — the markets, money and company stories shaping South Africa, reported fast and kept clear.
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Rupert's Remgro takes the whole hospital
On 1 July 2026, Johann Rupert's Remgro took full control of Mediclinic's Southern African hospitals in an equal-value swap that handed its Swiss arm to shipping giant MSC.
Sky wants ITV's channels — and more than half the UK ad market
Comcast-owned Sky has agreed to buy ITV's channels and its ITVX streaming service for up to £1.6 billion, betting a British broadcasting champion can stand up to Netflix, Amazon and Disney.
Tencent cashes out of Kuaishou to chase AI — and Naspers is along for the ride
Tencent has sold about $1.5bn of Kuaishou in Hong Kong's biggest block trade this year to fund its AI push, a capital reshuffle that runs straight through the Tencent stake anchoring JSE giants Naspers and Prosus.
Gemfields hits its lowest price ever — and the CEO is on his way out
A record-low share price this week caps three brutal years of conflict, taxes and cash calls for the ruby and emerald miner, just as its long-serving chief executive prepares to leave.
Turkish Airlines is flying more South Africans to its Istanbul hub
From late October, Turkish Airlines lifts both its Joburg and Cape Town routes from seven to ten weekly flights, taking its total South African schedule from 14 to 20.
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Johannesburg gets a rare bit of good financial news, with strings attached
Moody's has moved the city's outlook to positive, a vote of confidence in a municipality that's still dangerously close to running out of money.
South32 is quitting aluminium, and the ratings agencies aren't clapping
The miner is selling almost its entire aluminium business to Alcoa for up to R92 billion, and Moody's has responded by putting it on watch for a downgrade.
South Africa's biggest companies are quietly building their way off Eskom
At least 40 listed firms have shared plans this year to power themselves with renewables, and the shift is starting to reshape Eskom's role.
The first pure humanoid-robot company is about to hit the stock market
Agility Robotics is going public at about $2.5 billion, and its CEO is refreshingly honest about how far off a household robot really is.
Microsoft is done subsidising Xbox, and the cuts are coming
After more than $20 billion in five years and a 3% profit margin, Microsoft's new Xbox boss says the business 'cannot continue' as it is.
MTN's Ralph Mupita gets a seat at the UN's new AI table
MTN Group CEO Ralph Mupita has been named a founding commissioner of the UN's AI for Good Global Commission, joining Nvidia's Jensen Huang and Amazon's Andy Jassy on the 44-member body that meets for the first time in Geneva this week.