How rich South Africans are protecting their money
Amid increasing uncertainty in global economies in 2025, experts stressed the need for diversification, particularly with offshore investments, which is how wealthy individuals protect their assets.
Finance
Well-known South African bank sold for R1.1 billion
Lesaka Technologies has announced the acquisition of Bank Zero for R1.1 billion, which it said will help it become a fully integrated fintech powerhouse in South Africa.
Read MoreGood times for Absa
Absa expects mid-teen earnings growth in its upcoming interim financial results, led by a strong performance in South Africa
Read MoreAfrica Energy sees first output from South Africa's largest gas field by 2033
Canada-listed Africa Energy Corp is aiming to start production from South Africa's largest gas discovery by 2033 as it forges ahead with a project former operator TotalEnergies walked away from.
Read MoreWorld Bank Group considers $500m boost for South Africa's transmission expansion
The World Bank Group is considering financing $500m of South Africa's participation in a new credit guarantee facility meant to unlock private financing for a massive transmission grid expansion plan, a senior bank official has confirmed.
Read MoreICT and financial services SMEs to compete for R4.2m
Old Mutual SMEgo has announced the second edition of the SMEGo Pitchathon, for companies in the ICT and Financial Services offering a prize money of R4,2m an increase of over R1m from the 2024 edition.
Read MoreVouchers open new doors for South African online shoppers
To pay for services and goods online, you need something many South Africans take for granted: a bank card.
Read MoreAfrica Finance Corp to sign $320m deal with Italy to bolster Lobito funding
Africa Finance Corporation, a Lagos-based continental financier, will sign a deal with Italy for $320m financing partly for a new transport corridor linking critical mineral fields with an Angolan port, its chief executive said on Thursday, 5 June 2025.
Read MoreSA gains access to $1bn green industry fund to accelerate industrial decarbonisation
South Africa has been selected as one of seven emerging economies to benefit from a $1bn concessional financing programme aimed at decarbonising heavy industry and supporting green economic development.
Read MoreMajor new bank launching in South Africa this year
Old Mutual is making progress with its new bank, as the company battles with increased client outflows. In a trading statement for Q1 2025, the group said that the launch of OM Bank remains on track.
Read MoreA 5-year first for South African investors
For the first time in five years, fund managers in South Africa have become net sellers of offshore assets, with many turning to domestic assets.
Read MoreThe R45 million luxury home for sale in Cape Town’s lifestyle hotspot
An architecturally striking family home in Camps Bay, Cape Town, is on sale for just under R45 million, with the area having seen a massive rise in house prices since the start of the decade.
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