Big story
Tongaat Hulett dodges liquidation as IDC and Vision strike rescue deal
A last-minute agreement keeps the 134-year-old sugar producer trading and safeguards an estimated 250,000 jobs across its value chain.
Business Bagel News
Daily news from the Business Bagel desk — the markets, money and company stories shaping South Africa, reported fast and kept clear.
Big story
SARS tightens the screws on South Africans trying to cut their tax ties
The taxman is demanding watertight proof of when expats stopped being residents — and old, missing paperwork is coming back to bite them.
Rupert’s Richemont rides high, but its fortunes still hinge on China
The Cartier owner is closing in on a $123 billion valuation, yet a stalled Chinese luxury market remains its biggest swing factor.
Big story
Premier's bread-and-butter bet pays off as full-year earnings rise
The maize-meal-to-bread giant guided to a 20–30% jump in headline earnings, with a new mega-bakery and a looming R28bn RFG merger reshaping the group.
Big story
Rand firms and gold glitters as US-Iran truce calms the markets
The rand pushed firmer and gold extended its rally on Monday after Washington and Tehran agreed an initial deal to end their war, knocking the dollar to a 10-day low.
Premier's 200-year-old recipe: earnings tipped to rise up to 30%
The maker of Blue Ribbon, Iwisa and Snowflake expects earnings to jump between 20% and 30% when it reports on 17 June, with cheaper global grain doing some of the heavy lifting.
Shoprite shrugs off the gloom with 268 new stores
Shoprite opened 268 stores and spent R3.9 billion expanding in just six months, even as Pick n Pay and SPAR scaled back.
Business lobby questions the Reserve Bank's rate hike
Sacci says the Reserve Bank's 25-basis-point hike to 7% is hard to justify in a stagnant economy, though economists back the pre-emptive move.
Shareholders get teeth on executive pay as new company law bites
New sections of the Companies Amendment Act introduce a two-strike rule on executive pay votes, with directors risking their remuneration-committee seats.
Breaking
US tariffs on SA exports appear to be backfiring
Despite Washington's tariffs, the value of South African exports to the United States has risen 11% since the levies took effect in August 2025.
Big story
SA's two-speed economy: mining surges as factories slip
Mining output jumped 8.2% in April while manufacturing fell 2.9%, laying bare an uneven South African recovery.
Editor’s pick
Alexforbes assets swell to R733 billion as profit jumps 22%
Alexforbes grew its closing assets 22% to R733 billion and lifted normalised profit 22%, though headline earnings stayed muted.