Business

Iconic 90-year-old company in South Africa goes from hero to zero
Analysts say South African pulp and paper group Sappi risks a $2 billion debt spiral as its losses mount.

The South African man who NASA named a planet after
South African energy-engineering expert, entrepreneur, and founder, Siyabulela Xuza, has a minor planet named after him.

Most South Africans can’t afford to buy new cars
More than 90% of South Africans report that economic pressures are forcing them to keep their vehicles for longer.

A rural town in South Africa where people make R25,000 a month has higher food prices than Joburg, Durban, and Cape Town
In May 2026, a historic city in the Eastern Cape is the most expensive place among South Africa’s major towns and cities for groceries.

Taxis saying goodbye to cash in Cape Town
The Cape Organisation for the Democratic Taxi Association (Codeta) has announced the launch of a new cashless payment system, which is set to launch on June 1.

Warning over DStv-owner’s next move in South Africa
Market analysts warn that DStv’s new owner, Canal+, is facing significant challenges in turnaround and integration following its acquisition of MultiChoice.

South Africans throwing money into a black hole
South Africa’s growing gambling use is sapping income that would ordinarily be flowing into groceries, entertainment and mobile phone bills.

City of Joburg secures R3.8 billion loan, and new tax on the cards for vehicle license renewals in South Africa
Here are five important things happening in and affecting South Africa on Saturday, 30 May 2026.

Big changes for spam calls in South Africa
New amendments to the Consumer Protection Act impose a series of changes for direct marketers in South Africa.

Universal rejects billionaire Bill Ackman’s takeover bid
The music giant said Pershing Square’s offer fundamentally undervalued the business.

Popular shopping mall in South Africa’s capital sold for R148 million
A 50% stake in Mamelodi Square has been sold to JSE-listed Exemplar, bringing its stake in Tshwane mall to 100%.