
South Africa’s turnaround is happening
South Africa is behaving like a ‘safe haven’, with reforms, better finances and an independent Reserve Bank lighting the way.
SATURDAY, 06 JUNE 2026, 08:12

South Africa is behaving like a ‘safe haven’, with reforms, better finances and an independent Reserve Bank lighting the way.

US investment firm Castlelake says it is considering an offer for the budget airline.

The Department of Petroleum and Mineral Resources has published the official fuel price adjustments that will take effect on Wednesday, 3 June 2026.

The Glencore-Merafe Chrome Venture has cancelled its retrenchment process after regulators agreed to a massive cut in electricity prices for the smelter.

South Africa has lost its title as Africa’s most industrialised economy.

From 1 June 2026, the South African Revenue Service (SARS) requires one group of vehicle owners to register on its Traveller Management System (TMS).

Tiger Brands is selling the Beacon brand, with the group rapidly reducing its exposure to chocolate.

The debate over the merits of non-combustible alternatives to cigarettes in helping smokers to quit and reduce their health risks has increasingly focused on concerns relating to youth and non-smokers’ uptake, both of which are important public health considerations.

SPAR Group’s share price plunged 15% in a single day after issuing a trading statement warning of a sharp decline in earnings.

With youth unemployment in South Africa still hovering above 40%, the need to create meaningful technical career pathways for young people has never been more urgent.

Here are five important things happening in and affecting South Africa on Monday, 1 June 2026.