Big story
MTN is buying back the towers it once sold off
A shareholder vote has pushed MTN a step closer to taking full control of Africa's biggest tower company in a R101-billion deal.
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
The plan to police crypto at the border, and why VALR says it backfires
Treasury and the Reserve Bank want cross-border crypto routed through approved channels; the country's biggest exchange warns it will push the money out of sight.
A court just ordered the boss of South Africa's biggest fund manager reinstated
The High Court set aside Patrick Dlamini's suspension, ruling the PIC board never had the power to remove him.
The JSE wants to go digital and take itself across Africa
New boss Valdene Reddy has set out a five-year plan to reinvent the 139-year-old exchange as a pan-African digital marketplace.
New-car sales just hit a 12-year high, and Chinese brands are rewriting the leaderboard
South Africans bought more new cars in July than in any month since 2014 — but the bigger story is who they bought from.
Editor’s pick
The headlines say bleak August for the rand. The smart money is betting the other way
As bond outflows and a shock rate hold darken the mood, options traders have quietly cut their bets against the rand to a year low.
Apple finally fixed Siri, so why does the launch feel flat?
Apple's long-promised Siri overhaul has reached iPhones in beta and it actually works well, but critics say it arrives too late to feel exciting.
Telkom is pulling BCX out of the corner and betting on “One Telkom”
Telkom has put acting BCX boss Hasnain Motlekar in charge of merging BCX, Telkom Business and Openserve into one offering for business customers, after a decade of lost ground.
Your peanut butter could get a 20% import tax, and the regulator is watching prices
South Africa's trade regulator wants to lift the import duty on peanut butter to 20% to protect local makers, while warning shops not to use it as cover for price hikes.
Big story
Nedbank's profit looks flat, but the real number is 12%
Nedbank's half-year profit barely moved on paper, yet strip out a business it sold and it grew double digits, even as the bank scraps one of its most senior jobs.
Capitec is changing its name, and you probably won't notice
Capitec Bank Holdings is becoming Capitec Limited after shareholders and the corporate registrar signed off, but the share code, listing and history all stay put.
Coronation is buying Absa shares while openly doubting its comeback
One of South Africa's largest fund managers has taken a stake in Absa, betting a cheap price outweighs its long-held doubts about the bank's retail turnaround.