245 more companies shut down in South Africa
South Africa has seen 245 more liquidations in 2026, with June figures accelerating from May. Year-to-date, 1,361 businesses have been shuttered.
Africa’s biggest bank warns South Africa against restricting migration, citing Brexit’s economic damage
Standard Bank Group CEO Sim Tshabalala said migrants support South Africa’s economy as workers, consumers, taxpayers and entrepreneurs.
South Africa officially rolls out ‘locals first’ hiring
South Africa has formally embraced a “locals first” approach to employment, introducing new rules that require participating employers to prioritise South African citizens and permanent residents while offering faster visa processing to businesses that meet strict government criteria for recruiting foreign talent.
Migrant exodus leaves gap South Africa may battle to close
A South African app that links households with domestic workers is reeling, delivery drivers are fleeing, and a key textile hub has lost workers as anti-migrant protests push tens of thousands of people to leave the country, sending tremors through a strained economy.