The deals, results, leadership and strategy of the companies shaping South Africa.
Editor’s pick
South Africa's state pension manager paid half of a R200 million commitment to a small lender financing fibre subcontractors, stopped the rest when red flags appeared, and laid criminal charges; the first R100 million has not come back.
Sasol spent R700 million taking the rocks out of its own coal, and Secunda promptly turned in its highest annual output in five years.
Samsung's first US credit card, issued by Barclays and running on Visa, pays 5% back on Samsung purchases and lands inside Samsung Wallet on the same day as its next big phone launch.
Editor’s pick
Health Canada has approved Aspen's copy of Ozempic, but the supplier of its key ingredient has halted production until at least late October, leaving the company with a licence and no launch date.
Editor’s pick
Saul Saltzman has resigned from the Dis-Chem board after a 25-year career at the company, leaving his father Ivan as the only member of the founding family still holding a seat.
The oil major is offloading most of its venture portfolio to Nordic investor Verdane, a quiet unwinding of its energy-transition experiment.
The lender wants to cut up to 1,200 jobs and close 90 branches after acquisitions left its costs running ahead of its income.
Big story
A record 142,472 new subscribers in three months pushed owner Karooooo to record profit — even as a stronger rand worked against it.
Editor’s pick
A BYD finance deal and a set of much-improved results are two halves of the same turnaround story.
A regulatory filing reveals what Netflix paid for Ben Affleck's AI startup, and what the tools actually do.
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 Leo will reach South African homes through Herotel's new Evry service, using a licensing route that neatly sidesteps the rules keeping Starlink out.