Forbes just put South Africa's most expensive homes in a global shop window
The invitation-only Forbes Global Properties network has launched locally, aiming to sell Atlantic Seaboard and Winelands trophy homes to foreign buyers.
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
Pepkor is betting R21 billion on banking South Africa's cash economy
The retailer behind Pep and Ackermans is merging Flash and Shop2Shop into a payments business aimed at the country's R1 trillion informal market.
South Africa's weight-loss jab market is about to get a lot more crowded
The country's medicine regulator is weighing a dozen generic copies of the drug behind Ozempic and Wegovy, and cheaper prices should follow.
South Africa's state bank is hunting an investor for a private-island resort
The Industrial Development Corporation has spent about R430m on a five-star Mozambican getaway, and now it wants a partner to help finish it.
London's stock exchange wants to trade through the night, with AI doing the buying
A new venue called LSE 24 would run from evening to dawn, built for algorithms and AI agents to trade around the clock.
France just became the first EU country to log its teenagers off
A new law bars under-15s from social media from September and kicks phones out of high schools, and the rest of Europe is watching.
A rising oil price just made Thursday's rate call a lot harder
Brent crude is back above $90 as US-Iran tensions flare, and South African economists warn the Reserve Bank could answer with another hike.
Editor’s pick
Transnet Wants Someone Else to Run Cape Town's Docks
Transnet's ports authority has invited private bidders to rebuild and run the Port of Cape Town's multipurpose terminal for 25 years, a year after fruit exporters lost R1 billion to delays there.
Everyone Is Talking About the De Beers Sale Except Anglo
A Botswana cabinet minister told parliament that Anglo American has picked a buyer for De Beers, Namibia's mines minister says that is incorrect, and Anglo itself is saying nothing at all.
Big story
The arms industry its own government stopped buying from
More than 600 South African firms make defence equipment and earn over 80% of their money abroad, while the state-owned company at the centre of the sector has lost money for a decade and is now advertising for outside investors.
Editor’s pick
Home Affairs Would Rather Vet the Company Than the Person
South Africa's work visa system now asks employers to sit a scored test, and only those clearing 80 out of 100 get their foreign hires waved through.
Editor’s pick
The Fibre Deal That Cost Pensioners R100 Million
South Africa's state pension manager paid half of a R200 million commitment to a small lender financing fibre subcontractors, stopped the rest when red flags appeared, and laid criminal charges; the first R100 million has not come back.