The startup that rented you a phone is now fighting to survive
Rentoza, which let thousands of South Africans subscribe to a smartphone instead of buying one, has entered a formal rescue process after running out of money.
Companies
The deals, results, leadership and strategy of the companies shaping South Africa.
The people minding South Africa's pensions just walked out
Most of the board overseeing the retirement money of the country's government workers resigned in a single week, forcing the finance minister to step in.
Editor’s pick
A symbol of state capture is back to shipping coal
The Mpumalanga mine at the centre of South Africa's state-capture scandal has been rebuilt with billions of rands and is exporting coal to Asia again.
Intel just posted its best growth in over 15 years, powered by AI
Second-quarter revenue jumped 25% as demand for AI chips surged, though the market still wants proof the turnaround can last.
The old phone company is now a data business, and it is paying shareholders more
Telkom lifted its dividend by two-thirds after a year in which data revenue climbed to nearly 60% of the total and cash flow strengthened.
Mr Price's German bet is paying off, just as local shoppers run out of room
A 45% jump in sales looks stellar, until you strip out the new German chain and see how hard South African consumers are being squeezed.
The fund guarding civil servants' pensions just lost most of its board
In a single week, six directors quit the Public Investment Corporation, the chair resigned and the finance minister stepped in. At the centre: a fight over top investment jobs and a R411 million payment.
Forbes just put South Africa's most expensive homes in a global shop window
The invitation-only Forbes Global Properties network has launched locally, aiming to sell Atlantic Seaboard and Winelands trophy homes to foreign buyers.
Big story
Pepkor is betting R21 billion on banking South Africa's cash economy
The retailer behind Pep and Ackermans is merging Flash and Shop2Shop into a payments business aimed at the country's R1 trillion informal market.
South Africa's weight-loss jab market is about to get a lot more crowded
The country's medicine regulator is weighing a dozen generic copies of the drug behind Ozempic and Wegovy, and cheaper prices should follow.
South Africa's state bank is hunting an investor for a private-island resort
The Industrial Development Corporation has spent about R430m on a five-star Mozambican getaway, and now it wants a partner to help finish it.
Everyone Is Talking About the De Beers Sale Except Anglo
A Botswana cabinet minister told parliament that Anglo American has picked a buyer for De Beers, Namibia's mines minister says that is incorrect, and Anglo itself is saying nothing at all.