Aspen changes its chair as a weight-loss goldrush looms
Kuseni Dlamini is stepping down after 14 years, handing a now debt-free Aspen to banker Ben Kruger.
Companies
The deals, results, leadership and strategy of the companies shaping South Africa.
Telkom bets R100m on building AI skills, not just networks
The telecoms group is setting up an AI institute to train South Africans, though key details are still missing.
SA-founded Refiant launches an AI model that reads 10 million tokens at once
Refiant, built by a South African-led team, has released Protea — a family of AI models that can process up to 10 million tokens in a single prompt, dwarfing the memory of most mainstream chatbots.
Big story
The UAE's biggest bank beat FNB in court, and it's coming for South Africa
First Abu Dhabi Bank, sitting on R6.6 trillion in assets, has won the right to register its name locally and told the court it plans to apply for a South African banking licence.
Reinet sold its crown jewel, and the Rupert camp collected a R2.3bn thank-you
The Johann Rupert–linked investment company banked about R62bn selling its UK insurance stake, and a family-linked adviser pocketed a R2.3bn performance fee for the year.
A $1.5m fine for a $150m saving: how Elon Musk closed his SEC case
A US judge reluctantly approved a $1.5m settlement between Elon Musk and the securities regulator over a late Twitter-stake disclosure that saved him some $150m.
Transnet's trains are running like it's 2019 again, at least where coal is concerned
South Africa's freight rail operator has hauled its bulk-commodity volumes back to pre-Covid levels, even as containers stay stuck.
Big story
Pick n Pay wants to top up its boss's shares — even if the tills run dry
Pick n Pay plans to hand CEO Sean Summers a fresh batch of shares in August to replace the ones he forfeited when the turnaround slipped, and the way the targets are written, he could still be paid out even if the supermarket business is losing money in 2029.
Editor’s pick
The world's biggest investor is quietly buying South African platinum
As platinum shares slump and most investors head for the exit, BlackRock has raised its stake in miner Northam Platinum to just over 5%, a contrarian bet that the metal is due a comeback.
Samsung just booked a record profit. So why did its shares drop?
Samsung Electronics says its quarterly profit leapt roughly 19-fold to about 89.4 trillion won, likely the biggest three-month haul any tech company has ever posted, yet investors still sold.
Canal Walk's owner went looking for R500m. Investors handed it R739m.
Hyprop, the JSE-listed landlord behind malls like Canal Walk and Somerset Mall, set out to raise about R500m by selling new shares and closed with roughly R739m after demand ran hot.
Big story
Rupert's Remgro takes the whole hospital
On 1 July 2026, Johann Rupert's Remgro took full control of Mediclinic's Southern African hospitals in an equal-value swap that handed its Swiss arm to shipping giant MSC.