Transnet's trains are running like it's 2019 again, at least where coal is concerned
South Africa's freight rail operator has hauled its bulk-commodity volumes back to pre-Covid levels, even as containers stay stuck.
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
Pick n Pay wants to top up its boss's shares — even if the tills run dry
Pick n Pay plans to hand CEO Sean Summers a fresh batch of shares in August to replace the ones he forfeited when the turnaround slipped, and the way the targets are written, he could still be paid out even if the supermarket business is losing money in 2029.
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The world's biggest investor is quietly buying South African platinum
As platinum shares slump and most investors head for the exit, BlackRock has raised its stake in miner Northam Platinum to just over 5%, a contrarian bet that the metal is due a comeback.
Why a Cape Town money manager is shopping in the world's worst market
Allan Gray has started buying beaten-down Indonesian shares, beginning with an instant-noodle giant, betting that this year's brutal selloff has left real bargains on the table.
Samsung just booked a record profit. So why did its shares drop?
Samsung Electronics says its quarterly profit leapt roughly 19-fold to about 89.4 trillion won, likely the biggest three-month haul any tech company has ever posted, yet investors still sold.
Canal Walk's owner went looking for R500m. Investors handed it R739m.
Hyprop, the JSE-listed landlord behind malls like Canal Walk and Somerset Mall, set out to raise about R500m by selling new shares and closed with roughly R739m after demand ran hot.
Wall Street's winning streak hits a chip-sized snag
After a record-setting Monday, US stocks slipped on Tuesday as a sell-off in chip shares, pricier oil and pre-earnings jitters cooled the mood.
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Rupert's Remgro takes the whole hospital
On 1 July 2026, Johann Rupert's Remgro took full control of Mediclinic's Southern African hospitals in an equal-value swap that handed its Swiss arm to shipping giant MSC.
Sky wants ITV's channels — and more than half the UK ad market
Comcast-owned Sky has agreed to buy ITV's channels and its ITVX streaming service for up to £1.6 billion, betting a British broadcasting champion can stand up to Netflix, Amazon and Disney.
Tencent cashes out of Kuaishou to chase AI — and Naspers is along for the ride
Tencent has sold about $1.5bn of Kuaishou in Hong Kong's biggest block trade this year to fund its AI push, a capital reshuffle that runs straight through the Tencent stake anchoring JSE giants Naspers and Prosus.
Gemfields hits its lowest price ever — and the CEO is on his way out
A record-low share price this week caps three brutal years of conflict, taxes and cash calls for the ruby and emerald miner, just as its long-serving chief executive prepares to leave.
Turkish Airlines is flying more South Africans to its Istanbul hub
From late October, Turkish Airlines lifts both its Joburg and Cape Town routes from seven to ten weekly flights, taking its total South African schedule from 14 to 20.