Business Report

02/06/2026

The South Gauteng High Court in Johannesburg has delivered a landmark judgment confirming that Bitcoin constitutes both "capital" and "money" under South Africa’s exchange control regime, a ruling that could have significant implications for cryptocurrency users seeking to move assets offshore.

The South Gauteng High Court has ruled that Bitcoin is both capital and money under South Africa's exchange control regulations, a decision that could reshape the landscape for cryptocurrency transactions in the country.

02/06/2026

The Auditor-General has raised serious concerns about governance failures, weak compliance controls, deteriorating infrastructure and poor information technology management at the City of Johannesburg, warning that urgent intervention is needed to prevent further decline in service delivery and financial management.

The Auditor-General has raised alarming concerns regarding governance failures, weak compliance controls, and deteriorating infrastructure in Johannesburg, urging immediate action to enhance service delivery and financial management.

02/06/2026

Telkom lifted its dividend a sector-beating 65.7%, to 270 cents per share, for the year to March 31 after reporting another 12 months of strong earnings growth and healthy cash flows in the third year of its transformation strategy.

Telkom has announced a remarkable 65.7% increase in dividends, driven by strong earnings growth and a strategic shift towards mobile and fibre services. CEO Serame Taukobong highlights the company's transformation strategy and its focus on enhancing shareholder returns.

02/06/2026

The company that helped democratize digital payments for hundreds of thousands of small businesses across South Africa has officially handed the reins to Carsten Höltkemeyer.

Yoco, South Africa's fintech pioneer, embarks on a new chapter as Carsten Höltkemeyer takes the helm. Discover how this leadership transition could redefine digital payments for small businesses across Africa.

02/06/2026

South Africa needs stronger economic growth and more focused policy interventions to make meaningful progress in reducing poverty, unemployment and inequality, according to a new report by the Bureau for Economic Research (BER).

South Africa faces significant challenges in poverty, unemployment, and inequality. A new report from the Bureau for Economic Research highlights the need for targeted economic policies and the potential of moderate growth to alleviate these issues.

02/06/2026

South Africa’s economic growth is expected to have slowed in the first quarter of 2026, with economists forecasting that Gross Domestic Product (GDP) growth will come in below the levels recorded during the same period last year.

Economists predict that South Africa's GDP growth will slow in Q1 2026, with various sectors showing mixed performance. Key insights from the Nedbank Group Economic Unit and other experts highlight potential challenges and opportunities for the economy.

02/06/2026

South African consumers are becoming increasingly cautious and calculated when purchasing new vehicles, with affordability, fuel efficiency and long-term ownership costs now playing a bigger role in buying decisions than ever before.

South African consumers are increasingly cautious in their vehicle purchases, focusing on affordability and fuel efficiency amid rising costs. This article explores the latest trends in the vehicle market and the factors influencing buyer decisions.

02/06/2026

Pan African Resources will reach its record gold production target for financial year to June 30, by increasing gold output by some 40% year-on-year, CEO Cobus Loots said Monday.

Pan African Resources Funding Company reports a remarkable 40% increase in gold production, reaching approximately 275,000 ounces ahead of its financial year-end, as CEO Kous Loots outlines future growth plans.

02/06/2026

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01/06/2026

Momentum Group reported “pleasing earnings delivery” in the 9 months to March 31, after positive contributions from all its operating units and strong performances in particular from Africa, Momentum Investments and a turnaround in the India business.

Momentum Group has reported impressive earnings growth across its operating units, with significant contributions from Africa and a turnaround in India, as detailed in their latest financial update.