Business

South Africa’s biggest retailer is killing it
South Africa’s biggest retailer, Shoprite, says it expects earnings to shoot up by more than 20% for the full year ending June 2025, with over 190 new stores opening across the country.

Why tokenised stocks matter for all South Africans
Tokenised stocks launched globally in May this year and are now available to South Africans through Luno, starting with 40+ US stocks and ETFs.

Massive restructuring for Nedbank
Nedbank has finalised its organisational restructuring as the group streamlines its offerings.

Major shipping company cuts direct line from South Africa to US, and good news about Mercedes-Benz plant
Here are five important things happening in South Africa on Tuesday, 5 August.

Increase in fires sparks urgent intervention by Auto&General
Auto&General Insurance has embedded a tried and tested three-tiered firefighting approach into its insurance policies.

First UK-based firm gets space launch licence
The CAA licence allows Skyrora to launch its rocket from the SaxaVord Spaceport in Shetland.

Debt support group given National Lottery funding
A group offering debt advice to people in Newton Abbot receives £300,000 National Lottery funding.

South Africa’s public sector productivity versus Canada, Singapore, and Rwanda
A new report shows that South Africa’s public service struggles with implementation, corruption, and innovation, lagging behind Canada, Singapore, and Rwanda’s governance progress.

Trump attacks ‘woke’ Jaguar as firm appoints new boss
The UK-based brand has caused controversy with its plan to transform itself into an electric carmaker.

BP says it makes biggest oil and gas find in 25 years
The announcement comes as the UK-based energy giant refocuses its business on fossil fuels.

Why Donald Trump is talking about actress Sydney Sweeney
The actress stars in a controversial American Eagle advert that has become a political flashpoint in the US.

Will new greener brake pads be more expensive?
Automotive industry will have to change techniques and materials as new EU rules come into force in 2026

Why were US job numbers which riled Trump revised down by so much?
President Trump has fired the head of the US Bureau of Labor Statistics after the department revised down job numbers which he said were “rigged”.

Eurostar passengers told to ‘postpone’ journeys
The train firm has told passengers to delay their journeys between London and Paris due to a closure on the network