South Africa Turns Off the Money Tap to 69 Municipalities
South African municipalities lost their July transfers: Treasury froze R13.5 billion across 69 councils, including R3.6 billion for Johannesburg.
July 12, 2026Topic
South Africa
Pick n Pay Sells More of Boxer as Family Era Fades
Pick n Pay sold 11.5% of Boxer for R4.7 billion ($290 million), funding a turnaround that has already cost the...
July 11, 2026
Rain and Huawei Claim a World-First 5G Feat in South Africa
South Africa 5G milestone: Rain and Huawei deploy the world’s first multi-thousand-site sub-1 GHz massive MIMO network, lifting capacity up...
July 10, 2026
The Co-Founder of South African Bank Capitec Borrows $402 Million Against His Shares
Michiel le Roux raised $402 million against 1.37 million Capitec shares, a JSE filing shows - liquidity without selling for...
July 10, 2026
Motsepe Company Cleared in $195 Million Graphite Dispute
A Johannesburg court cleared Patrice Motsepe’s ARC in a $195 million graphite dispute with US-linked Pula, which now hinges on...
July 9, 2026
Abu Dhabi Buys Shell’s South African Network for $1 Billion
ADNOC Distribution will buy Shell’s South African downstream business for about $1 billion — 580 stations and the end of...
July 9, 2026
South Africa Leads Africa in AI Outsourcing, Ranks Eighth
South Africa ranks 8th globally and first in Africa for AI outsourcing, scoring 66.5, an Ataraxis 2026 index finds, led...
July 8, 2026
Richemont Sells Baume & Mercier to Italy After 38 Years
Richemont completed the sale of Baume & Mercier to Italy's Damiani Group on July 1, ending 38 years and sharpening...
July 7, 2026
Chinese Cars Stall Stellantis’s Big South African Factory
Stellantis South Africa paused its Gqeberha factory as Chinese cars took 19% of the market in Q1 2026, up 75%...
July 6, 2026