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ExxonMobil bets on Richards Bay in South Africa's first LNG import deal
The oil major has signed a preliminary deal to feed the proposed Zululand Energy Terminal, a cornerstone of the country's slow pivot away from coal.
Business Bagel News
Daily news from the Business Bagel desk — the markets, money and company stories shaping South Africa, reported fast and kept clear.
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Nearly half of South Africa's treated water never reaches a paying customer
Water Minister Pemmy Majodina has put a R26 billion price tag on the leaks, theft and broken billing draining municipal coffers every year.
BRICS bank tips $1 billion into South Africa's crumbling city infrastructure
The New Development Bank's loan will back water, electricity and sanitation upgrades across all eight metros, topping up a R54 billion Treasury programme.
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Mr Price seals R9.6bn European gamble with NKD takeover
The JSE retailer has taken full control of German value chain NKD, a bet that has split the market and added R7bn of debt to its balance sheet.
Motorists in line for a R1.10 petrol cut in July
Falling oil prices and a steady rand point to relief at the pumps next month, even as the Treasury restores the full fuel levy.
Eskom launches a renewables arm as its break-up gathers pace
The state utility's new Eskom Green division will chase utility-scale renewable projects and is slated to become an independent subsidiary.
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Tongaat Hulett dodges liquidation as IDC and Vision strike rescue deal
A last-minute agreement keeps the 134-year-old sugar producer trading and safeguards an estimated 250,000 jobs across its value chain.
SARS tightens the screws on South Africans trying to cut their tax ties
The taxman is demanding watertight proof of when expats stopped being residents — and old, missing paperwork is coming back to bite them.
Rupert’s Richemont rides high, but its fortunes still hinge on China
The Cartier owner is closing in on a $123 billion valuation, yet a stalled Chinese luxury market remains its biggest swing factor.
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Premier's bread-and-butter bet pays off as full-year earnings rise
The maize-meal-to-bread giant guided to a 20–30% jump in headline earnings, with a new mega-bakery and a looming R28bn RFG merger reshaping the group.
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Rand firms and gold glitters as US-Iran truce calms the markets
The rand pushed firmer and gold extended its rally on Monday after Washington and Tehran agreed an initial deal to end their war, knocking the dollar to a 10-day low.
Premier's 200-year-old recipe: earnings tipped to rise up to 30%
The maker of Blue Ribbon, Iwisa and Snowflake expects earnings to jump between 20% and 30% when it reports on 17 June, with cheaper global grain doing some of the heavy lifting.