Another South African billionaire linked to presidency
As South Africa’s political succession debate intensifies ahead of President Cyril Ramaphosa’s expected exit in 2029, billionaire businessman Tokyo Sexwale is increasingly being linked to conversations about the country’s future leadership and political direction.
South Africa’s unemployment rate gets worse as over 300,000 people lose their jobs
The unemployment rate in South Africa has increased by 1.3 percentage points to 32.7% in the first quarter of 2026, as 301,000 people lost their jobs.
South Africa hikes fuel prices sharply as Middle East tensions disrupt global supply
Petrol prices will rise by $0.19 (R3.27) per litre, while diesel will jump more sharply by $0.37 (R6.19) per litre.
South Africa loses $45 million Nissan investment to Egypt
Nissan is doubling down on production capacity in Egypt, where it sees stronger export potential and lower operating costs.
Uber commits to invest $300 million in South Africa
Uber has committed to investing US$300 million (R5 billion) in South Africa, focusing on mobility, delivery, and digital platform growth.
SA rand, Nigerian naira ranked among global currencies soaring against US dollar
The South African rand and Nigerian naira have been ranked among the global currencies posting strong gains against the U.S. dollar over the past year, reflecting shifting market dynamics and improving domestic conditions.
US, SA move to reset ties amid diplomatic tensions
South Africa and the United States have taken a cautious step towards rebuilding strained relations, as President Cyril Ramaphosa formally received the credentials of the new US Ambassador, Leo Brent Bozell, in Pretoria.
Important legal ruling for foreigners with assets in South Africa
A landmark ruling by the Supreme Court of Appeal (SCA) means foreigners with assets in South Africa could see surplus local funds transferred abroad to satisfy foreign creditors once local debts are settled.
Stay home to reduce fuel demand: South Africans told
Officials from the Department of Mineral and Petroleum Resources (DMPR) have proposed an astonishing, surface-level solution to concerns around the expected surge in fuel costs and looming supply constraints, calling on motorists to stay at home.
Don’t call it a fuel crisis, but prepare to pay
Despite government assurances, South Africa’s fuel supply is strained due to the Middle East conflict, resulting in shortages and soaring prices that threaten agricultural yields.