Eskom wants to go green — mostly with other people's money
Its year-old renewables arm is about to tender a 2GW solar and 1GW battery project, and plans to keep the cost off Eskom's strained balance sheet by leaning on private partners.
Companies
The deals, results, leadership and strategy of the companies shaping South Africa.
Pick n Pay's recovery is real — but its own supermarkets aren't the engine
Online sales jumped 37.5% and clothing clawed back, yet the core Pick n Pay supermarkets stayed flat — and a contested retrenchment fight still stands between the group and break-even.
Emirates and SAA turn a 30-year partnership into a two-way street
With regulators signed off, Emirates can now sell seats on South African Airways flights across nine domestic and regional routes — and Johannesburg gets to play gateway.
EasyEquities is about to move into Absa's banking app
The investing platform will embed inside Absa's app from September, handing the bank's millions of customers a route into the market — without Absa having to build a broker of its own.
Sasol's profit is about to leap — but not the number that counts most
A fresh trading statement points to statutory earnings nearly doubling, yet the cleaned-up figure investors actually track barely moves — and a friendlier oil price, not a turnaround, did the lifting.
SpaceX doubled its revenue, and it wasn't the rockets that did it
In its first results since a record IPO, SpaceX's revenue jumped 92% — driven by renting out AI computing power to Anthropic and Google, and by Starlink.
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.
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.
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.
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.
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.