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.
Business Bagel News
Daily news from the Business Bagel desk — the markets, money and company stories shaping South Africa, reported fast and kept clear.
Stor-Age is buying its biggest rival's sites, and a competitor is crying foul
South Africa's largest self-storage company has struck a R387 million deal to absorb ten Xtraspace properties, but a rival says it hands Stor-Age a national monopoly.
Amazon just joined a five-company club worth three trillion dollars
Amazon's market value topped three trillion dollars for the first time after a booming quarter, but its own boss says the AI spending is only getting started.
Big story
A mining windfall has Goldman betting on another SA ratings upgrade
Company tax is pouring in far ahead of budget, and Goldman Sachs thinks Moody's and S&P will reward South Africa with upgrades within a year.
The Premiership kicked off. The SABC couldn't show it.
A stalled sub-licensing deal with DStv's new French owner left free-to-air viewers staring at blank screens on opening weekend.
Wall Street braces for a jobs report, a Fed puzzle and SpaceX's debut
A busy week of US data and megacap earnings could set the tone for global markets, with shares near record highs and little room for disappointment.
Capitec built an empire on consumers. Now it wants your business.
With profit up 23% to R16.8 billion, Capitec says its tiny share of business banking is the biggest growth opportunity of the next three years.
Editor’s pick
The AI boom is about to make your next laptop more expensive
A global memory shortage nicknamed RAMaggedon has delayed Apple's MacBook Air and pushed gadget prices sharply higher, with cars possibly next.
Editor’s pick
South Africa's driving licences are about to last twice as long
Cabinet has approved doubling the validity of ordinary licences to ten years, but the familiar five-year renewal still applies until the law catches up.
Mondi Is Shutting Factories After a Painful Half — and Investors Cheered
Profits fell hard at the packaging giant, so it sped up plant closures and cut spending. The market read it as discipline, sending the shares sharply higher.
South Africans Are Drinking Less Beer. SAB Still Made More Money.
By steering drinkers towards premium brands like Corona, SAB grew revenue and margins even as beer volumes fell — the same playbook powering parent AB InBev worldwide.
Big story
MTN's Best Numbers in Years Triggered Its Worst Day on the JSE
A 71% profit jump in Nigeria should have been a triumph — but a mobile-money stumble and a surprise Ghana lawsuit sent MTN's shares down almost 10%.