Big story
While everyone chased gold, the company that runs the JSE quietly cleaned up
JSE Ltd grew its half-year profit almost 17% by taking a small cut of a very busy market.
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 just opened its new tax-certainty deal to far more companies
After industry called the original bar unrealistic, the taxman cut the entry threshold for its new upfront pricing deals from R50bn to R10bn.
One metal is holding up two South African scoreboards at once
A climbing gold price did the heavy lifting for both the JSE and the rand last week — even as local factory data disappointed.
Coal is paying off again for Thungela
The miner expects its half-year profit to more than double — helped by firmer coal prices, a steadier Transnet, and a one-off asset sale.
Breaking
eNCA wants to cut more than half its newsroom
South Africa's first 24-hour news channel has begun a process that could axe 171 of its 309 staff — and its journalists are not taking it quietly.
The owner of SA's biggest mall got censured for a deal it never put to a vote
The JSE has publicly rapped Accelerate Property Fund and fined it R500,000 for appointing Fourways Mall's managers without asking shareholders.
A weak US jobs report quietly did South Africa a favour
American hiring stalled, gold hit new highs and the dollar slipped — and the rand, the gold miners and the Reserve Bank all felt the upside.
Buffett's Berkshire finally cracked open its cash mountain
In Greg Abel's second quarter as boss, Berkshire bought back stock, added $10 billion of Alphabet, and turned a buyer of shares for the first time in years.
Big story
Netcare wants to use AI to catch medical emergencies 8–10 hours early
South Africa's largest hospital group has asked the regulator to approve a tool that reads vital signs and flags danger up to ten hours early.
Spur set aside R129.5 million over a ribs deal it says never existed
A six-year fight with a food manufacturer just dented Spur's profits — but the restaurant group is appealing, and reckons it will get the money back.
Zimbabwe's dollar stock exchange wants to be a quarter bigger in a year
The Victoria Falls Stock Exchange is chasing a $5 billion valuation and building a new board to fund small mining explorers.
Global food prices just hit a three-year high — and your trolley will feel it later
The UN's food-price benchmark climbed again in July as heat, energy costs and grain-export fears lifted wheat, cooking oil and sugar.