SA economy springs a surprise as GDP beats the forecasts
South Africa's economy grew a stronger-than-expected 0.5% in the first quarter, lifting the rand — though the figures predate the oil shock now rippling through the economy.
Business Bagel News
Daily news from the Business Bagel desk — the markets, money and company stories shaping South Africa, reported fast and kept clear.
EV Startup Zimi Charges Up With $2.6m to Grow Battery-Swap Network
South African EV-infrastructure startup Zimi has raised $2.6m to expand its battery-swapping and charging network for commercial fleets.
Absa Shareholders Stage Historic Revolt Over R148m CEO Pay
More than 43% of Absa shareholders voted against the bank's pay report after new CEO Kenny Fihla's R148m package, one of SA banking's biggest remuneration rebukes.
Fitch Hands South Africa Its First Credit Upgrade in 21 Years
Fitch has lifted South Africa's sovereign rating to BB, the first upgrade in nearly 21 years, rewarding years of hard-won fiscal discipline.
Pick n Pay Hits Pause on 22,000-Job Retrenchment After Government Steps In
A six-hour showdown between the retailer, unions and the Labour Minister has bought 22,000 workers time — but the retrenchment threat is far from over.