
The end of prime in South Africa
The South African Reserve Bank seeks to replace prime, the main reference commercial banks use to price trillions of rands of loans, with its benchmark interest rate.
FRIDAY, 20 FEBRUARY 2026, 21:04

The South African Reserve Bank seeks to replace prime, the main reference commercial banks use to price trillions of rands of loans, with its benchmark interest rate.

South Africa’s weak state finances and heavily indebted SOEs are forcing reforms that open key sectors to private investment, effectively resulting in companies taking over roles once dominated by the state.
The South African Weather Service has warned of hot and humid conditions in parts of the Eastern Cape, while most parts of the country will be cool to warm.

Following a JSE rule change, billionaire Patrice Motsepe will make a switch from executive to non-executive chairman of African Rainbow Minerals.
Too many ambassadorial posts have been treated as rewards for loyal or difficult cadres rather than positions requiring serious economic and trade expertise, argues Busisiwe Mavuso.
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Mpact is set to shut its Springs cartonboard mill at the end of March 2026, citing cheaper imports and weak demand, though ongoing electricity and water disruptions also significantly undermined the plant’s viability.

EasyEquities has begun onboarding live users to its Global Stocks offering in the Philippines through its partnership with GCash, with it seeing strong initial interest.

Ranga Chivaviro is doing the most for Saudi Arabian outfit Al-Adalah, and he has now scored six goals in his last six matches.

OM Bank has made a strong early entry into South Africa’s banking market by rapidly growing its customer base through Old Mutual’s existing network.

Well-known attorney Willie Spies has officially entered the mayoral race for the City of Tshwane and returned to the Freedom Front Plus after 16 years.

Orlando Pirates have turned Orlando Amstel Arena into a real slaughterhouse after recording their 11th consecutive win this past weekend.

The rally in South African bonds is set to gain further impetus when Finance Minister Enoch Godongwana unveils his budget later this month.

Thembinkosi Lorch handed Al-Ittihad Tripoli a 1-0 win over Al Shamooa in the Libyan Cup in what was his first official match.

More than a year after an outbreak of foot-and-mouth disease began devastating South African herds, the country finally has the beginnings of a plan to tackle the disaster and stave off a food crisis.