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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Three years of court-supervised rescue repaired the balance sheet, cost 4,342 jobs and 366 branches, and left the business still losing money.
Mike Bosman and deputy chair Shirley Zinn both left the Spar board on Monday, three months after the store owners asked for Bosman to go and were turned down.
Chief executive Carl Roothman says index funds and lending outside the banks carry the next decade, with a 2022 rule change on offshore limits behind the whole move.
Bankers valuing the AI company's listing have skipped this year's sales and gone to a forecast two years out, Reuters reports.
Balwin's founders and the fund that pays government pensions are taking the company private, and analysts say listed home builders have run out of road.
The prepaid airtime group blames accounting for an earnings drop of more than 80%, then published a Cell C-free version that lands lower still.
London's clearing house will convert every outstanding Jibar-linked contract to the new benchmark, Zaronia, on 21 November, six weeks before Jibar is published for the last time.
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Truecaller's half-year estimate is up 25.2% on last year, and the opt-out list meant to stop the calls is taking sign-ups but still has no start date.
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The Constitutional Court set aside the right Shell and Impact Africa have held since 2014, holding that more than R1 billion already spent cannot outweigh how badly the law was broken in granting it.
Four new European cities on top of Zagreb, no names, no timeline, and a plan to extend the same partnership into the Middle East.
Group retail sales for the year to 28 June slipped 0.9% to R21.8 billion, and the company says a consumer recovery that started in February was overtaken within days.
The former SARS commissioner has founded vEKtor Solutions Laboratory, a firm he pitches against the traditional consultancies he says are becoming irrelevant.