Daily news from the Business Bagel desk — the markets, money and company stories shaping South Africa, reported fast and kept clear.
South Africa's biggest investor has suspended chief executive Patrick Dlamini while it examines whistleblower allegations, deepening a leadership crisis at the manager of more than R3-trillion in state money.
Shoprite says 98% of paying Sixty60 members have used Pixie, its swipe-to-shop assistant, three months after launch, though the eye-catching numbers are the retailer's own.
A new twelve-month tender would put more than a thousand guards, K9 dogs and water-resistant drones on Transnet's central rail corridor, where thieves and vandals strike about nine times a day.
The platinum and chrome miner lifted quarterly output of its precious metals by 15.5% after weather setbacks, keeping full-year targets in reach despite softer prices and heavy spending.
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De Beers will suspend production at Venetia, its flagship Limpopo mine, for two years — and on the same day, one of the leading bidders for the company walked away.
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My Woolies Chef turns "what's for dinner?" into a ready-to-buy basket, arriving after Checkers and Pick n Pay have already switched their own assistants on.
A new Old Mutual study finds nine in ten young workers have savings goals, but rising costs mean far fewer are actually putting money away.
Six years after its shares were frozen, the insurer is moving its Zimbabwe listing to a young, dollar-only exchange, betting the currency risk is finally worth shedding.
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A new draft plan would rebuild the country's emergency fuel reserves to 60 days' worth, after years of running them down left barely two weeks in the tank.
A judge found the structure Stor-Age used to buy a rival was really a share sale dressed up to cut tax, in a ruling lawyers say could reshape how mergers are taxed.
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National Treasury has withheld July's equitable share from 69 municipalities and will route the money straight to Eskom, water boards and pension funds, as Nelson Mandela Bay's business chamber warns of damage to investor confidence.
A draft policy now out for comment would force fuel manufacturers and wholesalers to hold 14 days of refined stock, put 90 days of crude in state hands at Saldanha, and spell out when the minister can declare a fuel emergency and start rationing.