Big story
One entrepreneur's plan to let firms buy their way to a BEE score
Alan Knott-Craig wants companies to pay 3% of revenue for automatic empowerment credentials. Not everyone calls it a levy.
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
Netflix just put a $587m price tag on Hollywood's AI anxiety
A regulatory filing reveals what Netflix paid for Ben Affleck's AI startup, and what the tools actually do.
Sasol is riding the oil spike, and the Reserve Bank is watching
A collapsed Middle East ceasefire has lit a fire under oil, Sasol shares and the odds of another rate hike.
Why the mood in commercial property just soured overnight
FNB's brokers went from upbeat to gloomy in a single quarter as war-driven costs and rate fears bit.
The foreigners quietly buying up Cape Town's priciest streets
Overseas buyers have poured R153bn into Cape Town homes in a decade, and they are clustered right at the top of the market.
Uber wants to own takeaways almost everywhere, and it's buying Delivery Hero to do it
Uber's ~$14.8bn cash offer for Delivery Hero would fold Glovo, foodpanda and talabat into its empire, with a Glovo-shaped thread running through Africa.
Big story
Amazon takes the door Starlink slammed, bringing satellite internet to SA in 2027
Amazon Leo will reach South African homes through Herotel's new Evry service, using a licensing route that neatly sidesteps the rules keeping Starlink out.
Editor’s pick
Toyota builds the new Hilux at home, and bets on Durban over the doubters
The carmaker switched on a new Hilux line at its flood-hit Durban plant, its biggest capital project there since 2022, as Chinese rivals crowd into South Africa.
Old Mutual's R300m CEO prize just drew a shareholder rebuke
A third of shareholders refused to back the pay deal that offers CEO Jurie Strydom R300m to lift a share price stuck near R14.
The Ozempic price war reaches South Africa
Sun Pharma has won SAHPRA approval for a generic semaglutide, making SA the second market after India to clear a cheaper Ozempic rival.
Virgin Active is betting big that luxury gyms sell, right before it plans to list
A R130m flagship, R2,499 fees and a 37-club plan: inside Virgin Active's premium bet ahead of a Brait listing.
PayJustNow lands on TFG's Bash, and buy now, pay later creeps further into your cart
From 15 July, shoppers on TFG's Bash can split purchases into three, as buy now, pay later chases the retailer's 49% online-sales surge.