South African stocks jumped the most in almost seven months, carried higher by a surge in precious metals producers as the price of gold soared. The FTSE/JSE All Share Index rose as much as 5.2%, the most since April 8, catching up with gains in global markets following the Democratic Party’s victory in the US […] More
South African business confidence has fallen to its lowest level since August 2020, according to a private-sector survey released on Thursday. The S&P Global South Africa Purchasing Managers’ Index (PMI) remained at 49.0 in October, unchanged from September. A reading below 50 indicates deteriorating private-sector business conditions, rather than a contraction across the entire South […] More
South Africa’s AGOA status and access to duty-free trade with the US ends on 31 December 2026. Trump’s administration announced as much just one day before American voters handed Democrats control of both the House and Senate. This raises a hopeful question, of course: Will the new Congress reverse the decision? SOUTH AFRICA’S AGOA STATUS […] More
The US dollar and oil prices dropped on Wednesday as traders digested President Donald Trump’s heavy defeat in US midterm elections that saw his Republican party lose control of Congress. Democrats seized control of both houses in a landslide victory that gives them the power to block legislation, launch investigations into Trump’s administration and thwart […] More
Kruger National Park is facing a R481 million funding shortfall as it attempts to repair extensive damage caused by the devastating floods in January 2026. The total cost of the recovery programme is estimated at R950 million, with roads, bridges and tourist accommodation among the infrastructure damaged by torrential rain. According to figures provided by […] More
A new report finds that more than one-million South African homeowners don’t have the title deed papers that prove they own their homes. Plus, at the current pace of processing, it will take upwards of four decades to clear … That’s the finding of Business Leadership South Africa (BLSA) Reform Tracker in the third quarter […] More
Shoprite Holdings’ proposed new incentive plan for chief executive Pieter Engelbrecht is facing opposition from shareholder advisers and major investors ahead of the retailer’s annual general meeting on Friday, 6 November. Institutional Shareholder Services (ISS) and Glass Lewis, two leading proxy advisory firms, have recommended that shareholders reject the proposed long-term incentive for Engelbrecht. Incentive […] More
It will be a matter of weeks rather than months before Hilton College in KwaZulu-Natal confirms its 2027 school fees. Hilton College, founded on 29 January 1872, is an independent all-boys, all-boarding school in the town of Hilton between Howick and Pietermaritzburg. Most expensive The school has consistently topped the lists when it comes to ‘Most expensive […] More
Have you noticed any of the four new R2 coins circulating in South Africa? The South African Reserve Bank (SARB) says the series of four commemorative coins is all about important milestones in history and democracy. Known as the Milestones of Freedom campaign, the four new R2 coins were launched by President Cyril Ramaphosa at […] More
US Trade Representative Jamieson Greer said on Monday that Washington intends to suspend South Africa and Rwanda from duty-free access to the US market under the African Growth and Opportunity Act (AGOA). “President Trump found that the governments of Rwanda and South Africa are engaging in practices that are inconsistent with AGOA’s eligibility criteria. “These […] More
Believe it or not, but a growing number of South Africans are coming home after living abroad for a period of time. “Pack your bags a trek Ferreira,” still applies, but not to leave, rather to return to their country of origin. This is according to TEFL Academy’s 2026 Emigration report. As such, this ‘reverse […] More
South Africa’s eight wealthiest individuals have a combined fortune of approximately $42.1 billion (around R700 billion), according to the latest Forbes Real-Time Billionaires List. The ranking highlights the enormous wealth accumulated by some of the country’s most prominent business figures, whose interests span luxury goods, diamonds, mining, banking, media, financial services and retail. Johann Rupert […] More
