
Ramaphosa sends a message to Elon Musk
President Cyril Ramaphosa said billionaire Elon Musk could use equity-equivalence programs to meet South Africa’s racial-equity rules and roll out his Starlink internet service locally.
SUNDAY, 24 MAY 2026, 15:27

President Cyril Ramaphosa said billionaire Elon Musk could use equity-equivalence programs to meet South Africa’s racial-equity rules and roll out his Starlink internet service locally.

Despite inflationary tax relief in the 2026 Budget, rising costs for medical aid, fuel, and electricity are eroding take-home pay, leaving many South African employees worse off in real terms.

Rising electricity prices and falling demand are trapping Eskom in a downward spiral as customers increasingly turn to solar and other alternatives.

Mahindra & Mahindra is at an advanced stage of assessing plans to upgrade its South African plant, as India’s second-largest automaker looks to capitalise on rising demand for affordable vehicles.

Efficient Group chief economist Dawie Roodt says South Africa can bolster its economy by cleaning the place up and following the road rules.

Resisting payment for government services that are unreliable or of poor quality is a predictable response to South Africa’s broken service delivery system.

A former Pick n Pay staff member is facing fraud allegations, which are now being investigated by the Hawks.

Citadel CEO Andrew Möller is set to retire from the helm at the start of July 2026, three decades after he first joined the wealth management firm.

Rising fuel prices in South Africa are driving up operating costs in the logistics sector, with some smaller operators on the brink of closure as a result.

Most of South Africa’s smelters have shut over the past 15 years due to rising electricity prices and unreliable supply, with only a few surviving through discounted power deals.

President Cyril Ramaphosa has chosen Roelf Meyer, a former chief government negotiator during talks to end white minority rule in the 1990s, to be his country’s next ambassador to the United States.

Two major developments over the past few months could present a significant risk to South Africa’s electricity sector reforms and the price of solar panels in the country.

President Cyril Ramaphosa is poised to tap veteran political negotiator Roelf Meyer as the country’s next envoy to the US, as Pretoria seeks to steady relations with Washington after a turbulent year.

The Competition Commission has approved AttBid’s bid to acquire RMB Holdings, paving the way for the Van der Walt brothers to gain control of the company.

Shell is in advanced talks with Abu Dhabi National Oil Company to sell its retail fuel stations in South Africa, where it has operated since 1902.

Astron Energy has reached a major milestone in its rebranding program with the unveiling of its 700th site in Villiersdorp, Western Cape.

A new ranking revealed that Delaire Graff Lodges & Spa in Stellenbosch and Oyster Box in Durban were among the top 20 most beautiful spas in the world.

South African investors are increasingly using “rent-vesting” to live in high-cost coastal areas like Cape Town while investing in higher-yield inland markets.

Over R1.6 billion has been paid out to customers of Ithala, equating to around 32% of the company’s customer base.

Foyle Farm, under Ian Webster, was world-class and supplied a significant portion of Zimbabwe’s national dairy needs. However, the Mugabe family destroyed the farm.

While national property sales volumes have declined, prices have surged, especially in one major city, where a R1 million home in 2014 now exceeds R2 million.