business news rss feed https://www.theafrica.co.za/rss/ https://www.theafrica.co.za/africanews/african-governments-draw-new-line-in-the-cloud-in-data-sovereignty-push-46216247 https://www.theafrica.co.za/africanews/african-governments-draw-new-line-in-the-cloud-in-data-sovereignty-push-46216247 For years, the economics of African cloud infrastructure followed a simple pattern. Data generated on the continent was processed and stored elsewhere, mostly in Europe or the United States, while sub Mon, 13 Jul 2026 19:11:41 GMT https://www.theafrica.co.za/africanews/nfo-urges-youth-financial-literacy-to-mark-mandela-month-46216245 https://www.theafrica.co.za/africanews/nfo-urges-youth-financial-literacy-to-mark-mandela-month-46216245 BUSINESS NEWS - As South Africa moves from commemorating the courage of the young people of 16 June 1976 to celebrating Mandela Month, the National Financial Ombud (NFO) believes there is a powerful Mon, 13 Jul 2026 09:58:52 GMT https://www.theafrica.co.za/africanews/why-englishspeaking-giants-are-conquering-francophone-africa-46208285 https://www.theafrica.co.za/africanews/why-englishspeaking-giants-are-conquering-francophone-africa-46208285 Ask any industry observer to name a Francophone company that has successfully established itself in Anglophone Africa, and the answer is almost always the same: Ecobank. The Togolese banking group, fo Sun, 05 Jul 2026 20:29:39 GMT https://www.theafrica.co.za/africanews/six-of-eleven-gp-municipalities-received-unqualified-audits-dunga-46208269 https://www.theafrica.co.za/africanews/six-of-eleven-gp-municipalities-received-unqualified-audits-dunga-46208269 Gauteng Finance MEC Nkuleko Dunga says six out of eleven municipalities in the province have received unqualified audit opinions. He says that overall, the audit outcomes of the province regressed i Sun, 05 Jul 2026 20:29:38 GMT https://www.theafrica.co.za/africanews/opec-approves-further-oil-output-increase-as-hormuz-exports-recover-46208268 https://www.theafrica.co.za/africanews/opec-approves-further-oil-output-increase-as-hormuz-exports-recover-46208268 OPEC+ has agreed a further increase in output targets from August, the group said in a statement on Sunday, adding to global supply at a time when oil prices are falling due to the gradual reopening o Sun, 05 Jul 2026 20:29:38 GMT https://www.theafrica.co.za/africanews/hidden-gems-a-love-letter-to-south-african-travel-462062179 https://www.theafrica.co.za/africanews/hidden-gems-a-love-letter-to-south-african-travel-462062179 BUSINESS NEWS - South African viewers have been treated to a smorgasbord of some of our most unique and beautiful destinations during the run of Hidden Gems: South Africa on BBC Lifestyle (DStv Fri, 03 Jul 2026 21:59:12 GMT https://www.theafrica.co.za/africanews/south-african-superstar-tyla-signs-multimillion-dollar-deal-with-jayzs-roc-nation-462062133 https://www.theafrica.co.za/africanews/south-african-superstar-tyla-signs-multimillion-dollar-deal-with-jayzs-roc-nation-462062133 Tyla, the South African singer who won a Grammy Award in 2024 for her hit Water and became the first solo African artist to win in the Best African Music Performance category, has signed a multi-milli Fri, 03 Jul 2026 21:59:10 GMT https://www.theafrica.co.za/africanews/south-african-billionaire-johann-ruperts-richemont-completes-baume-and-mercier-sale-to-italys-damian-462062132 https://www.theafrica.co.za/africanews/south-african-billionaire-johann-ruperts-richemont-completes-baume-and-mercier-sale-to-italys-damian-462062132 Johann Rupert`s Richemont has completed the sale of Baume and Mercier to Italy`s Damiani Group, transferring ownership of the 196-year-old Swiss watchmaker that has been part of Richemont`s portfolio Fri, 03 Jul 2026 21:59:10 GMT https://www.theafrica.co.za/africanews/south-africa-rejects-wealth-tax-in-win-for-billionaires-462062131 https://www.theafrica.co.za/africanews/south-africa-rejects-wealth-tax-in-win-for-billionaires-462062131 South Africa will not introduce a wealth tax. Finance Minister Enoch Godongwana confirmed the government`s position on July 2, 2026, rejecting proposals that would have imposed an annual levy on the c Fri, 03 Jul 2026 21:59:10 GMT https://www.theafrica.co.za/africanews/south-africas-wealthy-levy-brothers-lose-97-million-in-ten-months-on-cell-c-woes-462062130 https://www.theafrica.co.za/africanews/south-africas-wealthy-levy-brothers-lose-97-million-in-ten-months-on-cell-c-woes-462062130 Mark and Brett Levy, the South African brothers who built Blue Label Telecoms from a high school side hustle into one of the JSE`s most recognisable technology and telecoms companies, have lost a comb Fri, 03 Jul 2026 21:59:10 GMT https://www.theafrica.co.za/africanews/us-aidfordata-deals-meet-african-resistance-462062124 https://www.theafrica.co.za/africanews/us-aidfordata-deals-meet-african-resistance-462062124 In December last year the United States signed a "data sharing agreement" with Kenya which purported to support "collaboration between the US government and government of Kenya to detect, prevent and Fri, 03 Jul 2026 21:59:10 GMT https://www.theafrica.co.za/africanews/rand-trades-at-r1621-cents-to-the-dollar-46206292 https://www.theafrica.co.za/africanews/rand-trades-at-r1621-cents-to-the-dollar-46206292 The rand is trading at 16-rand-21-cents to the dollar; 21-rand-63-cents to pound sterling; 18-rand-55-cents to the euro ; and at eleven-rand-24-cents to the Australian dollar. The euro is trading at o Fri, 03 Jul 2026 21:59:09 GMT https://www.theafrica.co.za/africanews/medical-aid-members-what-you-should-do-this-week-before-tax-season-starts-462032100 https://www.theafrica.co.za/africanews/medical-aid-members-what-you-should-do-this-week-before-tax-season-starts-462032100 BUSINESS NEWS - Belonging to a registered medical scheme doesn t just protect your health, it also comes with a built-in tax benefit. The South African Revenue Service (SARS) refunds part of Tue, 30 Jun 2026 14:37:31 GMT https://www.theafrica.co.za/africanews/local-refineries-import-2m-barrels-of-libyan-crude-for-first-time-46203282 https://www.theafrica.co.za/africanews/local-refineries-import-2m-barrels-of-libyan-crude-for-first-time-46203282 Local Refineries Imports 2m Barrels of Libyan Crude for First Time Nigeria has imported two million barrels of crude oil from Libya in May 2026, marking the country`s first recorded import of Libyan Tue, 30 Jun 2026 14:37:31 GMT https://www.theafrica.co.za/africanews/petrol-and-diesel-prices-set-to-drop-from-wednesday-46203266 https://www.theafrica.co.za/africanews/petrol-and-diesel-prices-set-to-drop-from-wednesday-46203266 Motorists will receive some relief at the fuel pumps from Wednesday, following a decrease in the prices of petrol, diesel and illuminating paraffin. The Department of Mineral and Petroleum Resources Tue, 30 Jun 2026 14:37:30 GMT https://www.theafrica.co.za/africanews/quantifind-raises-200m-to-expand-ai-risk-intelligence-4620321 https://www.theafrica.co.za/africanews/quantifind-raises-200m-to-expand-ai-risk-intelligence-4620321 Quantifind has officially announced a massive $200 million growth investment . Global growth equity powerhouse Summit Partners led the funding round. A highly strategic syndicate of financial, data, a Tue, 30 Jun 2026 14:37:24 GMT https://www.theafrica.co.za/africanews/best-of-george-haycock-meyer-attorneys-462022282 https://www.theafrica.co.za/africanews/best-of-george-haycock-meyer-attorneys-462022282 BUSINESS NEWS - Since 1998, Haycock Meyer Attorneys has proudly stood as a cornerstone of the George community, delivering legal solutions with clarity and care. With nearly three decades of Mon, 29 Jun 2026 23:37:14 GMT https://www.theafrica.co.za/africanews/best-of-george-curro-george-462022280 https://www.theafrica.co.za/africanews/best-of-george-curro-george-462022280 BUSINESS NEWS - At Curro George, children learn, explore and grow in a safe and nurturing environment. Small, age-based classes, supported by dedicated teachers and assistants, ensure every child Mon, 29 Jun 2026 23:37:14 GMT https://www.theafrica.co.za/africanews/best-of-george-rauch-gertenbach-inc-462022278 https://www.theafrica.co.za/africanews/best-of-george-rauch-gertenbach-inc-462022278 BUSINESS NEWS - Rauch Gertenbach Inc, with a broad spectrum of legal expertise, more than a century of experience and a proven track record of success, has positioned itself as a well-established Mon, 29 Jun 2026 23:37:14 GMT https://www.theafrica.co.za/africanews/best-of-george-norgarivier-nursery-462022276 https://www.theafrica.co.za/africanews/best-of-george-norgarivier-nursery-462022276 BUSINESS NEWS - For three years, the public has voted us the top nursery in George and we ve been extremely honoured to wear the Best of George badge! After 26 years of growing plants, 2026 has Mon, 29 Jun 2026 23:37:14 GMT https://www.theafrica.co.za/africanews/best-of-george-grace-grind-coffee-shop-462022275 https://www.theafrica.co.za/africanews/best-of-george-grace-grind-coffee-shop-462022275 BUSINESS NEWS - Grace Grind Coffee Shop, a hidden gem nestled at Norgarivier Nursery, has just celebrated its first birthday. Here, the passionate 21-year-old barista Hendrik Lochner, together Mon, 29 Jun 2026 23:37:14 GMT https://www.theafrica.co.za/africanews/best-of-george-loerie-bakery-462022274 https://www.theafrica.co.za/africanews/best-of-george-loerie-bakery-462022274 BUSINESS NEWS - Loerie Bakery has once again been nominated in the Best of George Readers Choice Awards, and we could not be more grateful. For almost three decades, George has welcomed us into Mon, 29 Jun 2026 23:37:14 GMT https://www.theafrica.co.za/africanews/best-of-george-charlenes-fabric-462022273 https://www.theafrica.co.za/africanews/best-of-george-charlenes-fabric-462022273 SAKENUUS - Charlene s dien reeds vir meer as 50 jaar die Karoo en Tuinroete en het oor die jare n betroubare naam geword vir gehalte materiaal, naaldwerkbenodigdhede en uitstekende diens. Wat Mon, 29 Jun 2026 23:37:14 GMT https://www.theafrica.co.za/africanews/idc-bets-r25-billion-on-robert-gumedes-tongaat-rescue-and-doubles-down-462022225 https://www.theafrica.co.za/africanews/idc-bets-r25-billion-on-robert-gumedes-tongaat-rescue-and-doubles-down-462022225 South Africa`s Industrial Development Corporation is not pulling back from Tongaat Hulett. It is going deeper. A week after a binding rescue agreement averted the liquidation of the 134-year-old sug Mon, 29 Jun 2026 23:37:11 GMT https://www.theafrica.co.za/africanews/south-african-billionaire-ivan-saltzman-built-dischem-into-a-17-billion-empire-but-bloomberg-says-th-462022224 https://www.theafrica.co.za/africanews/south-african-billionaire-ivan-saltzman-built-dischem-into-a-17-billion-empire-but-bloomberg-says-th-462022224 The advertisement ran in the 1980s and asked a simple question. Does the price of medicine make you sick? It was cheeky, direct and aimed squarely at a South African consumer being squeezed by pharmac Mon, 29 Jun 2026 23:37:11 GMT https://www.theafrica.co.za/africanews/dangote-refinery-imports-first-uae-crude-cargoes-from-middle-east-462022223 https://www.theafrica.co.za/africanews/dangote-refinery-imports-first-uae-crude-cargoes-from-middle-east-462022223 The Dangote Petroleum Refinery has purchased two cargoes of crude oil from the United Arab Emirates, marking the first time Africa`s largest refinery has sourced crude from the Middle East and signall Mon, 29 Jun 2026 23:37:11 GMT https://www.theafrica.co.za/africanews/toyin-ajayi-raised-891-million-to-fix-american-healthcare-for-the-people-everyone-else-gave-up-on-462022222 https://www.theafrica.co.za/africanews/toyin-ajayi-raised-891-million-to-fix-american-healthcare-for-the-people-everyone-else-gave-up-on-462022222 Toyin Ajayi grew up in Nairobi watching her father work. He was a general physician navigating the AIDS epidemic in East Africa, a period defined by overwhelming need and inadequate resources, and she Mon, 29 Jun 2026 23:37:11 GMT https://www.theafrica.co.za/africanews/africas-richest-man-is-weighing-major-new-investments-in-tanzania-462022221 https://www.theafrica.co.za/africanews/africas-richest-man-is-weighing-major-new-investments-in-tanzania-462022221 Tanzania has formally instructed government ministries and agencies to begin technical discussions with Aliko Dangote`s team on a series of potential large-scale investments in fertiliser production, Mon, 29 Jun 2026 23:37:11 GMT https://www.theafrica.co.za/africanews/billionaire-tony-elumelus-heirs-energies-commissions-a-digital-nerve-centre-to-run-nigerias-oml-17-o-462022220 https://www.theafrica.co.za/africanews/billionaire-tony-elumelus-heirs-energies-commissions-a-digital-nerve-centre-to-run-nigerias-oml-17-o-462022220 Tony Elumelu`s Heirs Energies has commissioned an Integrated Operations Monitoring Centre at its OML 17 asset in Rivers State, bringing together production data, security surveillance, facility perfor Mon, 29 Jun 2026 23:37:11 GMT https://www.theafrica.co.za/africanews/ghanaian-multimillionaire-papa-kwesi-nduom-wants-to-buy-standard-chartereds-local-retail-business-462022219 https://www.theafrica.co.za/africanews/ghanaian-multimillionaire-papa-kwesi-nduom-wants-to-buy-standard-chartereds-local-retail-business-462022219 Papa Kwesi Nduom wants back in the banking business, and he has identified his target. The founder and chairman of Groupe Nduom has disclosed that his conglomerate is exploring the possibility of acqu Mon, 29 Jun 2026 23:37:11 GMT