> ## Content Index > Fetch the complete content index at: https://www.businessbagel.com/llms.txt > Use this file to discover other available public pages before exploring further. # The Roundup — Monday, 7 September 2026 - URL: https://www.businessbagel.com/the-roundup-monday-7-september-2026/ - Published: 2026-09-07T04:00:58.000Z - Updated: 2026-09-07T04:00:58.000Z - Author: Philip Ziegler - Tags: The Roundup Today's edition Golden Rule Good morning. The world's biggest money managers spent recent weeks buying gold back, and South Africa's contribution to that is a forgotten mine that somebody else already dug. Plus a couple other stories you’re going to want to hear. Let's get into it. --- MARKETS ![](https://storage.ghost.io/c/97/24/9724ffa3-48e9-48a7-a5f7-e38b7d2c9b36/content/images/2026/09/markets--36-.png) --- REOPENING ACT ![](https://storage.ghost.io/c/97/24/9724ffa3-48e9-48a7-a5f7-e38b7d2c9b36/content/images/2026/09/Articlesibanye-1.png) ## Sibanye-Stillwater is reopening a gold mine that somebody else built and abandoned in 2012 Gold has spent this year doing what gold does when investors get nervous. It trades above $4,400 an ounce, and Bloomberg reported this week that some of the big boys - Amundi, Pictet, Robeco and Fidelity - have all rebuilt positions they cut earlier in the year. Almost none of that money goes into the ground in South Africa, which now takes under 1% of the world's mine exploration spending. Sibanye-Stillwater's board approved a new gold mine anyway, and it is not a new discovery. Burnstone sits near Balfour in Mpumalanga, where a Canadian developer sank the shaft, poured gold in 2010 and gave up two years later after flooding. Sibanye inherited it with Wits Gold in 2014. **Why this one passed the vote:** - The shaft, the decline and the machines that work underground are all still standing, which is why mining can start next year rather than in a decade. - Sibanye approved R98 million for Burnstone this year, covering setup and recruitment rather than construction, with about R3.5 billion of infrastructure capital still to follow. - At full production the mine is planned for roughly 130 000 ounces of gold a year and about 2 500 jobs, against a reserve of 2.7 million ounces. Mining starts in 2027 and the processing plant only runs in the first quarter of 2029\. [**Read the full story →**](https://www.businessbagel.com/sibanye-stillwater-burnstone-gold-mine-approved/) --- CART BLANCHE ![](https://storage.ghost.io/c/97/24/9724ffa3-48e9-48a7-a5f7-e38b7d2c9b36/content/images/2026/09/Article-SA-retail-1.png) ## Online shopping is now about a tenth of South African retail, on a shrinking share of shoppers South Africans are expected to spend about R159 billion online this year, and World Wide Worx's annual study puts that at roughly a tenth of everything the country's retailers sell, for the first full year. The increase on its own is about R29 billion in twelve months, close to the size of the entire South African online market in 2020\. Retail as a whole grew about 4% over the first five months of the year. The share of adults who shop online went the other way, from 36% in 2024 to 34.2% in 2025. A delivery subscription is not really about delivery. Amazon Prime costs R59 a month here and Shoprite's Xtra Savings Plus R99, and the report is explicit that these plans exist to lift how often people shop and how many categories they buy across, not to absorb the courier bill. TakealotMORE carried more than a quarter of Takealot Group's sales within two years of launching. Checkers Sixty60 sold R25.5 billion of groceries in the year to June, a third of what Pick n Pay takes in a full year, and TFG's Bash produced the turnover of 195 physical stores. Takealot Group turned its first full-year trading profit, R171 million, about fifteen years in. The margin behind it runs near 1%, and Amazon started selling Prime here in June. [**Read the full story →**](https://www.businessbagel.com/online-retail-south-africa-2026-tenth-of-turnover/) --- BAGEL BITE **What is the medical term for ringing in the ears?** **A.** Vertigo **B.** Tinnitus **C.** Labyrinthitis --- DOING THE ROUNDS ![](https://storage.ghost.io/c/97/24/9724ffa3-48e9-48a7-a5f7-e38b7d2c9b36/content/images/2026/09/Article-competition-commision-1.png) **The Competition Commission has started publishing the gap between what food producers get and what you pay.** Its latest Cost of Living Report tracks 6 staples. Between January and June, the price farmers received for maize fell nearly 14%, while a 2.5kg bag of maize meal got only 5% cheaper. Frozen chicken prices didn’t change at the producer level, but rose 5.4% on supermarket shelves. Chief economist James Hodge says gaps like these may warrant the commission stepping in. No investigation has been opened. [**Full story →**](https://www.businessbagel.com/competition-commission-cost-of-living-report-food-spreads/) **Implats had the kind of year that makes a mining company look transformed, and almost none of it was its doing.** Headline earnings went up thirtyfold on revenue up 58%, after platinum, rhodium and palladium prices recovered hard. The company is handing back R17.1 billion, about 82% of the cash it had spare. What it has not fixed is the cost side, which crept up this year and is guided higher again next. Prices handed Implats this result, and prices can take the next one away. [**Full story →**](https://www.businessbagel.com/implats-fy2026-results-r17-1bn-dividend/) **From today, you can trade Capitec shares on 2 different South African stock exchanges.** The bank is keeping its main JSE listing, but is adding a secondary listing on A2X - a smaller, alternative exchange where companies like Naspers, Discovery and Standard Bank can also be traded. The exchange currently has 167 securities worth more than R13 trillion combined. [**Full story →**](https://www.businessbagel.com/jpmorgan-a2x-capitec-secondary-listing/) **Oura has filed to go public in the United States, built around a ring its customers barely take off.** Paying members wear it for a median of about 23 hours a day, and roughly 85% are still paying for the membership a year later. That helped revenue grow 74% to $1.21 billion in the 9 months to June, with Oura now profitable. And the market around it is getting crowded: Samsung, Ultrahuman, RingConn and Circular are all building smart rings of their own.[**Full story →**](https://www.businessbagel.com/oura-s1-filing-ring-subscription-rivals/) --- WEATHER ![](https://storage.ghost.io/c/97/24/9724ffa3-48e9-48a7-a5f7-e38b7d2c9b36/content/images/2026/09/weather--32-.png) --- BAGEL GAMES ![](https://storage.ghost.io/c/97/24/9724ffa3-48e9-48a7-a5f7-e38b7d2c9b36/content/images/2026/09/Wordle--35-.png) Have you got what it takes to win today’s Wordle? [**Play here →**](https://puzzel.org/beta/wordle/play?p=-P0q98zcYKORvJIqu5UN&ref=businessbagel.com) --- THE ANSWER As for the Bagel Bite, the answer is: **B. Tinnitus** Tinnitus is not a disease on its own but a symptom, often linked to hearing loss, ageing, or spending time around loud noise. The sounds are produced within the hearing system itself rather than coming from outside, which is why only the affected person can hear them. It is very common, and most people notice it at least briefly at some point in their lives. Protecting your ears from very loud sound is one of the best ways to lower the risk. --- That's your Monday done. Enjoyed it? Forward it on, a friend can subscribe in a click. Written by the Business Bagel crew.