Editor’s pick
Absa is bankrolling electric cars, and quietly staging a comeback
A BYD finance deal and a set of much-improved results are two halves of the same turnaround story.
Companies
The deals, results, leadership and strategy of the companies shaping South Africa.
Editor’s pick
Netflix just put a $587m price tag on Hollywood's AI anxiety
A regulatory filing reveals what Netflix paid for Ben Affleck's AI startup, and what the tools actually do.
Uber wants to own takeaways almost everywhere, and it's buying Delivery Hero to do it
Uber's ~$14.8bn cash offer for Delivery Hero would fold Glovo, foodpanda and talabat into its empire, with a Glovo-shaped thread running through Africa.
Big story
Amazon takes the door Starlink slammed, bringing satellite internet to SA in 2027
Amazon Leo will reach South African homes through Herotel's new Evry service, using a licensing route that neatly sidesteps the rules keeping Starlink out.
Editor’s pick
Toyota builds the new Hilux at home, and bets on Durban over the doubters
The carmaker switched on a new Hilux line at its flood-hit Durban plant, its biggest capital project there since 2022, as Chinese rivals crowd into South Africa.
Old Mutual's R300m CEO prize just drew a shareholder rebuke
A third of shareholders refused to back the pay deal that offers CEO Jurie Strydom R300m to lift a share price stuck near R14.
The Ozempic price war reaches South Africa
Sun Pharma has won SAHPRA approval for a generic semaglutide, making SA the second market after India to clear a cheaper Ozempic rival.
Virgin Active is betting big that luxury gyms sell, right before it plans to list
A R130m flagship, R2,499 fees and a 37-club plan: inside Virgin Active's premium bet ahead of a Brait listing.
PayJustNow lands on TFG's Bash, and buy now, pay later creeps further into your cart
From 15 July, shoppers on TFG's Bash can split purchases into three, as buy now, pay later chases the retailer's 49% online-sales surge.
Union vows to fight De Beers over 1,214 job cuts at its only SA diamond mine
The National Union of Mineworkers has vowed to fight 1,214 job cuts after De Beers moved to halt production at Venetia, its only South African mine, for two years.
Editor’s pick
Young South Africans are buying Chinese cars — but not Chinese clothes
Standard Bank's 2026 Youth Barometer shows Chery and Haval deals up 423% in five years, with young buyers choosing new Chinese cars — while local retailers still beat Shein.
Cartier's boom just sent Richemont sparkling on the JSE
Richemont's quarterly sales jumped 20% to €6.3bn on runaway jewellery demand, and its Johannesburg-listed shares leapt 7.5% to the top of the JSE.