The R700 million sieve behind Sasol's best year in five
Sasol spent R700 million taking the rocks out of its own coal, and Secunda promptly turned in its highest annual output in five years.
Business Bagel News
Daily news from the Business Bagel desk — the markets, money and company stories shaping South Africa, reported fast and kept clear.
The Taps Join the Queue: Inside South Africa's Newest World Bank Loan
Treasury has signed a US$1.5 billion World Bank loan, its fourth since 2022, and the first to put money behind water and sanitation alongside electricity and freight.
Samsung Watched Apple Hand Out a Credit Card for Seven Years. Now It Has One.
Samsung's first US credit card, issued by Barclays and running on Visa, pays 5% back on Samsung purchases and lands inside Samsung Wallet on the same day as its next big phone launch.
Editor’s pick
Aspen Won The Right To Sell An Ozempic Copy It Cannot Yet Make
Health Canada has approved Aspen's copy of Ozempic, but the supplier of its key ingredient has halted production until at least late October, leaving the company with a licence and no launch date.
Editor’s pick
Down To One Saltzman
Saul Saltzman has resigned from the Dis-Chem board after a 25-year career at the company, leaving his father Ivan as the only member of the founding family still holding a seat.
BP is selling off some of the startup bets it spent 20 years making
The oil major is offloading most of its venture portfolio to Nordic investor Verdane, a quiet unwinding of its energy-transition experiment.
African Bank's buying spree has caught up with it as job cuts announced
The lender wants to cut up to 1,200 jobs and close 90 branches after acquisitions left its costs running ahead of its income.
Coronation is walking away from the world's hottest trade
The R773 billion manager has cut its bet on AI chipmakers and moved the money to India, warning the price of hope has climbed too high.
More South Africans are planning for retirement, but far fewer are ready for it
FNB's latest survey finds a jump in retirement planning — and a warning from those already retired that it costs far more than they budgeted.
Big story
Cartrack’s subscriber growth sped up when many expected it to slow down
A record 142,472 new subscribers in three months pushed owner Karooooo to record profit — even as a stronger rand worked against it.
South Africa's tech jobs are going unfilled — and it isn't only about degrees
Recruiters say most IT applicants don't meet the bar for the roles on offer, but others argue the real gap is experience, not qualifications.
Editor’s pick
Absa is bankrolling electric cars, and quietly staging a comeback
A BYD finance deal and a set of much-improved results are two halves of the same turnaround story.