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.
Companies
The deals, results, leadership and strategy of the companies shaping South Africa.
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.
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.
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.
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.
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%.
Cigarettes Are Fading. Nicotine Pouches Just Rescued Big Tobacco's Year.
British American Tobacco lifted its profit outlook as booming Velo pouch sales and a strong US run offset shrinking cigarette demand — even as it cuts thousands of jobs.
Pep's Owner Says It's Building Its Own Bank — On Its Own
Pepkor shot down a report that it was teaming up with Standard Bank to take on Capitec, insisting its own bank is still on track for 2027.
Foschini's Boss Just Took a 59% Pay Cut. His Stores Are Next.
After a year of falling profit and a share price cut in half, The Foschini Group slashed its CEO's pay to R18.5 million and lined up hundreds of stores to close.