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News
ECONOMIC WEEK AHEAD | Inflation survey to offer more clues for Reserve Bank on rates
15+ hour, 52+ min ago (570+ words) The Bureau for Economic Research’s (BER) third-quarter inflation expectations survey on Wednesday will provide guidance for the South African Reserve Bank when it holds its policy meeting in the following week to decide on interest rates. The Bank, which raised…...
Aviation’s high costs and safety gaps hamper African integration
15+ hour, 52+ min ago (526+ words) Africa still records the world’s highest aviation accident rate, while intracontinental air connectivity remains far below its potential and aviation operating costs are among the highest globally. Taxes and charges are at least 15% above the global average and African airlines…...
Lesaka tasks Kagiso Khaole with leading Africa expansion
15+ hour, 52+ min ago (495+ words) Fintech group Lesaka Technologies continues to look for acquisitions that will help to extend its reach outside South Africa. This comes as the group refines its strategy around the types of businesses it plans to retain and grow in its…...
DARRYL MOODLEY | How multimanagers are redefining returns
15+ hour, 52+ min ago (224+ words) The following forces have driven this evolution: Sanlam Investments Multi-Manager continuously scans the South African and global investment universes to identify skilful managers who can collectively give clients the highest probability of achieving their long‑term outcomes. Markets are volatile…...
GUY LUNDY | Springboks show how important it is to get succession planning right
15+ hour, 52+ min ago (380+ words) The recent Springboks-All Blacks series offers a fascinating case study in succession. The All Blacks drew first blood with a convincing victory at Ellis Park, sparking debate about player selection, tactics and whether South Africa was able to win without…...
Refinery closures cost South Africa R76bn in extra fuel imports
15+ hour, 52+ min ago (758+ words) South Africa spent about R76bn more than it would have importing refined petroleum products between 2021 and 2024 had it not allowed its refining capacity to wither away, exposing the economy to the vulnerability of external shocks. The economy also paid the price…...
Benin seeks to keep more value from its raw cotton at home
1+ day, 3+ hour ago (961+ words) Parakou — The “Made in Benin” tags on Fatoumata Dosso’s fabrics represent an ambition much bigger than her fashion business: keeping more of the value of Africa’s largest cotton producer at home. The founder of DAF Collection said that the tag…...
Lesaka’s plan to improve performance in merchant business
1+ day, 7+ hour ago (495+ words) Lesaka Technologies’ plan to improve performance in its merchant business relies on a similar playbook used for the consumer division. The company until recently consisted of two divisions: a merchant unit and a consumer segment. The consumer unit focuses on…...
OpenAI’s Altman calls AI extinction risk ‘unacceptable’
1+ day, 6+ hour ago (500+ words) OpenAI will not go public in 2026, CEO Sam Altman said in remarks published on Saturday, citing safety concerns over artificial intelligence that render “unacceptable” even a 10% risk that AI could cause human extinction by decade’s end. The comments come as…...
Smart-energy company founders detail investment plan for R260m war chest
1+ day, 8+ hour ago (687+ words) Local energy technology start-up Plentify, which had earmarked part of its nearly R260m war chest to expand internationally, says South Africa remains a key area of growth. Plentify is a smart-energy company operating in South Africa and the US that specialises…...