Business

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 in the first quarter of 2026.

Two ‘houses’ in Cape Town sold for R100 million
Listed REIT Spear has announced the disposal of two commercial properties in Cape Town for over R100 million, resulting in a R26 million profit.

City of Johannesburg sued over its collapse
The Democratic Alliance (DA) has formally filed court papers in the South Gauteng High Court against the City of Johannesburg and its executives.

MTN shaking off prepaid problems in South Africa
South Africa’s MTN said on Tuesday its core earnings jumped 27.9% in the first quarter, outpacing revenue growth as tighter cost control and strong performances in Nigeria and Ghana boosted profit.

Snack giant switches to black and white packaging as Iran war hits ink supplies
The effective closure of the Strait of Hormuz has severely disrupted global supplies of energy and petrochemicals.

Rand takes a big hit
The rand has become the most volatile Emerging Market currency in the Bloomberg ranker of implied volatilities, making it one of the riskiest units for investors.

GoTyme Bank is no.1 app in SA as it hits one million app migrations
Less than three months since launching its new app, GoTyme Bank, formerly TymeBank, has successfully migrated over one million customers – marking a major milestone for South Africa’s fastest-growing digital bank.

Woolworths CEO responds to ending ties with its iconic chocolate maker after 34 years
Woolworths CEO Roy Bagattini has responded to claims that the retailer is a corporate bully after the liquidation of Beyers Chocolates.

Endowments and sinking funds – helping you plan smarter for the future
Endowments and sinking funds are both practical estate planning tools.

Shoprite CEO joins the chorus of warnings for South Africa, and DStv under threat
Here are five important things happening in and affecting South Africa on Tuesday, 12 May 2026.

China should stop hoarding food and fertiliser, says former World Bank chief
David Malpass’ comments come as US President Donald Trump and China’s Xi Jinping are due to meet in Beijing.

Not so dusty: How tech is changing woodworking
Woodworking shops have been transformed by tech to make tools safer and more precise.

Ramaphosa says he won’t resign, announces next move
President Cyril Ramaphosa announced that he has no intention of resigning from office in the wake of the Constitutional Court ruling on the Phala Phala saga.

Elon Musk and Tim Cook among CEOs expected to accompany Trump on China trip
A total of 17 US executives are set to join the president on his visit, where he will meet his Chinese counterpart Xi Jinping.