The news that moves markets.
Markets, the economy and the regulation that shapes your money — covered as it happens by the Mosaic newsroom.
Original analysis from the Mosaic specialists.
Updated as new articles publish.
Company confirms court-ordered winding-up, appoints liquidators; trading still frozen with no timeline
The company issued a supplemental announcement updating prior resumption guidance and confirming a winding-up petition and subsequent winding-up order. Joint official liquidators have been appointed and trading in the company’s securities remains suspended. No timetable for resumption of trading was provided.
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Financial News
Eskom races to restore power after storms, testing a fragile distribution network
State-owned power utility Eskom said it has deployed additional personnel, equipment and repair teams to restore electricity supply safely following severe weather disruptions across several South African provinces. The company is prioritising safety and rapid repairs while assessing damage and coordinating with local
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Financial News
Resilient REIT lifts interim dividend 11.7% to 274.38c as SA net property income grows
Resilient Real Estate Investment Trust declared an interim dividend of 274,38 cents per share, up 11,7% year-on-year, for the six months to 30 June 2026. South African net property income rose 6,0% like-for-like; group benefited from lower interest rates and favourable forward exchange rates on offshore earnings. Net a
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Financial News
South Africa moves to tighten employer duties and speed up labour dispute resolution
The Department of Employment and Labour has published proposed amendments to labour legislation aimed at strengthening worker protections, clarifying employer obligations and improving dispute resolution processes. The consultation seeks stakeholder input before finalising the changes.
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Financial News
Hong Kong Listing Review Committee upholds decision; trading suspension to continue
The Hong Kong Stock Exchange Listing Review Committee has issued a decision upholding a prior ruling concerning the company. Trading in the company’s securities will remain suspended pending further developments. No financial details or timetable for resumption were provided in the announcement.
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Financial News
PayInc index shows South African economic activity rose in July after two months of decline
PayInc Economic Index from BankservAfrica reports an increase in South African economic activity in July 2026 after falls in May and June. Lower fuel prices and record transaction volumes supported the rise, though underlying economic pressures persist.
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Financial News
Interim results for six months to 30 June 2026 announced
Company announced interim results for the six months ended 30 June 2026. The announcement reports financial performance and operational highlights for the period and may include profit or loss, revenue, and other key metrics plus management commentary and subsequent events. No forward-looking guidance or specific figur
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Financial News
South Africa’s jobless rate climbs to 33.6% in Q2 2026 as youth unemployment hits 47.4%
Statistics South Africa reports the official unemployment rate rose to 33.6% in the second quarter of 2026 as unemployed persons increased by 345 000 to 8.5 million and employed persons fell by 16 000 to 16.7 million. Youth (age 15–34) unemployment increased to 47.4% as unemployed youth rose by 264 000 to 5.0 million.
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Financial News
Shoprite lifts full-year sales 7.2% to R270.8bn, led by South African supermarkets and digital growth
Shoprite Holdings increased sales from continuing operations by 7.2% to about R270.8 billion for the 52 weeks ended 28 June 2026. South African supermarkets drove most growth (7.1%), with non-South African supermarkets up 11.0% in rand (7.1% in constant currency). Net store openings and strong growth in digital and adj
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Financial News
Implats flags sharp jump in full‑year earnings and cash as prices and volumes recover
Impala Platinum Holdings Limited expects a substantial improvement in both basic and headline earnings for the year ended 30 June 2026 versus the prior year. Higher precious and base metal prices lifted revenue per six‑element ounce and group production rose 5%. Group earnings benefited from an R8.1 billion reversal of
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Financial News
Northam lifts revolving credit facility to R15bn, keeps August 2027 term intact
Northam Platinum Holdings and its group have increased their revolving credit facility from R13.3 billion to R15.0 billion, maintaining the August 2027 maturity and other material terms. Total available banking facilities now R16.0 billion, supporting planned brownfield expansions and third‑party business growth to rai
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Financial News
Naspers spends ZAR577m to buy back 641,547 shares, backs JSE ‘Claim It’ dividend drive
Naspers reports it repurchased 641,547 ordinary shares between 3 and 7 August 2026 at an average price of ZAR 899.4143 per share, costing ZAR 577,016,538 (US$35,317,608). The group also reminds shareholders to use the Johannesburg Stock Exchange Claim It portal to recover unpaid or unclaimed dividends.
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Financial News
Northam flags record earnings per share and lifts dividend policy after output hits new high
Northam Holdings expects record basic earnings per share of 3 488.0–3 564.2 cents and record headline earnings per share of 3 006.1–3 082.3 cents for the year to 30 June 2026. The group reported record equivalent refined platinum group metal production of 938 754 ounces, record chrome concentrate production of 1 690 49
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Financial News
MTN flags 20–30% EPS drop on impairments; adjusted headline EPS seen up 18–23% for H1 2026
MTN Group anticipates basic earnings per share to decline 20–30% versus H1 2025 due mainly to asset impairments, while headline earnings per share are expected to be flat to down 10%. Adjusted headline earnings per share are forecast to rise 18–23%. Interim results due about 24 August 2026.
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Financial News
Gold Fields flags 72–90% jump in H1 2026 headline EPS as cash flow roughly doubles
Gold Fields expects headline earnings per share (HEPS) of US$1.98–US$2.18 for the six months to 30 June 2026, up 72–90% year-on-year. Basic earnings per share are expected at US$1.97–US$2.17. Adjusted free cash flow before discretionary investments is forecast at US$2,385m–US$2,636m, up about 91–111%. Higher sales volu
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Financial News
HSBC’s half-year scorecard puts rate-cycle risks and Asia exposure in sharper focus
The company released interim financial results for the six months ended 30 June 2026. The announcement provides performance metrics, revenue and profit figures, and commentary from management on operations and market conditions during the period.
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Financial News
Mianzo Asset Management takes 10.30% beneficial stake in The SPAR Group
Mianzo Asset Management has notified The SPAR Group Limited that it acquired a beneficial interest representing 10.30% of the company’s issued ordinary share capital. The company filed required notices with the Takeover Regulation Panel and the Companies and Intellectual Property Commission.
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Financial News
NEPI Rockcastle clinches €250m green loan from European Bank for Reconstruction and Development
NEPI Rockcastle's subsidiary NE Property B.V. signed a €250 million senior unsecured green term loan with the European Bank for Reconstruction and Development, maturing 2034 and available to draw until March 2027. Proceeds will fund certified green building works, low‑carbon installations and employee training, complem
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Financial News
Public Investment Corporation lifts Woolworths stake to 20.192%, triggers takeover panel filing
Woolworths Holdings Limited says it received formal notification that Public Investment Corporation State-Owned Company Limited acquired a total interest of 20.192% in its ordinary shares. The required regulatory notice has been filed with the Takeover Regulation Panel.
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Financial News
Census shows steady rise in South African women’s education and work since 1996
Statistics South Africa finds that between 1996 and 2022 women’s numbers and working‑age share rose, school attendance and matriculation increased, post‑matric qualifications doubled, and women surpassed men in some progression rates to higher education. Marital patterns shifted toward more never‑married and cohabiting
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Financial News
Hong Kong exchange halts trading in HSBC Holdings shares without giving a reason
The Hong Kong Exchanges and Clearing Limited has issued a notice that trading in the securities of a listed company has been suspended. No further details about the company, reason for suspension or expected resumption time were provided in the notice excerpt.
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Financial News
Eskom hails Kusile corruption convictions, details tougher anti‑fraud drive
State-owned power utility Eskom said convictions were secured in a corruption case related to the Kusile power station and described steps it is taking to strengthen fraud and corruption prevention, investigation and internal controls across the organisation.
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Financial News
Eskom posts best year‑to‑date energy availability in six years, easing power risk
State-owned power utility Eskom says its year-to-date energy availability factor, a measure of generation capacity available for dispatch, is the strongest in six years, citing improved plant reliability and maintenance outcomes to support supply and sustainability goals.
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Financial News
24/7 dollar settlement: Stablecoins jump from crypto sideshow to African trade rails
Dollar-backed stablecoins are increasingly used across Africa by importers, exporters and corporate treasury teams to work around foreign currency shortages, slow correspondent banking and local currency volatility, shifting the tokens from crypto-trading products to commercial payment infrastructure.
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Financial News
356% surge in impersonation fraud drives SA banks to verified messaging, device‑bound logins
Bank impersonation fraud in South Africa has risen sharply, reported at 356% increase, prompting banks to secure customer communications through verified channels and device-bound authentication rather than focusing only on transaction security. The shift follows guidance from the South African Fraud Prevention Service
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Financial News
BankservAfrica’s PayInc says cash must stay as mobile wallets and instant payments surge
PayInc, citing BankservAfrica research, says as digital payments like mobile wallets, contactless cards and real-time networks expand, maintaining consumers' ability to pay with cash is vital for accessibility, resilience and financial inclusion.
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Financial News
Stitch plugs into PayShap Request to power consumer‑approved instant payments
Payments infrastructure provider Stitch has launched PayShap Request, enabling enterprise customers to send payment requests that consumers approve to make real-time payments across major South African banks. The integration supports collection workflows and aims to simplify instant bank-to-bank payments for businesses
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Financial News
MTN’s IHS bid narrows to Africa as IHS sells Latin American towers
MTN Group says IHS Holding Limited has sold its Latin American tower operations, consistent with MTN’s aim to acquire only IHS’s African assets. The broader acquisition remains subject to ongoing regulatory approvals. Further details on IHS filings available on its website.
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Financial News
South Africa secures US$500m AIIB loan to harden climate‑vulnerable city services
The Asian Infrastructure Investment Bank and the South African government signed a US$500 million loan to support climate-resilient urban services. Funds will finance projects to improve resilience of urban infrastructure and services against climate impacts. Further implementation details were not provided in the stat
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Financial News
Glencore adds US$0.085 special cash distribution alongside second tranche payout
Glencore plc declared a further special cash distribution of US dollars 0.085 per ordinary share (about US dollars 1 billion) to be paid with the previously approved second tranche. Payments are in US dollars, with currency election options for Jersey register holders and local currency payment for Johannesburg registe
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Financial News
Glencore scraps prior timetable, locks in US$0.085/share extra payout to land with 2026 second tranche
Glencore plc cancelled previously published timetable and confirmed a further cash distribution of US dollar 0.085 per ordinary share (about US$1 billion) to be paid with the second tranche approved at its annual general meeting on 28 May 2026. Timetable and currency election details for Jersey, Johannesburg and Hong K
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Financial News
Statistics South Africa sets 11 August release for Q2 2026 labour survey
Statistics South Africa will present the Quarterly Labour Force Survey for the second quarter of 2026 at a media briefing in Tshwane on Tuesday 11 August. The report covers labour market activity for persons aged 15 to 64, including employed, unemployed and discouraged jobseekers. Embargoed data lockup at 10:30 and pre
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Financial News
SA bill aims to prioritise citizens in hiring while tightening labour migration rules
The Department of Employment and Labour proposes the Employment Services Amendment Bill to prioritise South African citizens in employment while safeguarding workers' rights. The bill seeks to regulate labour migration, strengthen employment services and balance employer needs with protections for vulnerable workers.
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Financial News
Glencore adds US$0.085/share cash distribution, to be paid with second tranche
Glencore plc declared a further cash distribution of US$0.085 per ordinary share, about US$1 billion, to be paid concurrently with the previously approved second tranche. Payments are declared in US dollars with currency election options for Jersey and former Computershare Hong Kong holders; Johannesburg register payme
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Financial News
Stats SA flags 2024 construction slump amid weak growth, low investment and power cuts
Statistics South Africa released the July 2026 edition of Stats Biz, featuring the Construction Industry 2024 statistical report. The report updates employment and financial data and discusses factors affecting the sector including slow economic growth, low investment, electricity outages, labour shortages, the COVID-1
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Financial News
2026 interim results announced by Hong Kong Exchange-listed company
The company released interim results for the six months to 2026, reporting financial performance and operational highlights for the period. The announcement outlines revenue, profit, balance sheet position and key business developments without providing forecasts or guidance.
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Financial News
Public input opens on South Africa’s 2027 minimum wage review, with business costs in the balance
The South African Department of Employment and Labour has opened a public consultation on the 2027 national minimum wage, inviting submissions from workers, employers and civil society to inform the review process. Details on submission methods and deadlines were provided by the department.
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Financial News
Finance minister hails High Court ruling clarifying powers around Public Investment Corporation
Minister of Finance Enoch Godongwana welcomed a High Court judgment concerning the Public Investment Corporation. The minister said the judgment clarifies legal questions and supports the rule of law in matters involving the state asset manager, and committed to implementing the court’s directions while safeguarding pu
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Financial News
Glencore’s H1 profit surges 86%; unveils special payout and plans Australian secondary listing
Glencore plc reported Group adjusted earnings before interest, tax, depreciation and amortisation of $10.1bn for H1 2026, up 86% year on year, driven by stronger commodity prices and marketing performance. Net income attributable to equity holders rose to $4.4bn. Net debt fell to $10.2bn. The company announced an $8.5
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Financial News
IHS shareholders back sale to MTN, clearing a key condition as approvals loom
IHS Holding Limited shareholders approved the special resolution to sell the remaining shares to MTN Group Limited at their extraordinary general meeting held 4 August 2026, satisfying a condition precedent. Completion remains subject to required regulatory approvals which are still in progress.
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Financial News
Sasol lifts FY26 earnings outlook on stronger oil and higher volumes
Sasol expects earnings per share to be R17.50–R19.50 (prior year R10.60), headline earnings per share to be R36–R40 (prior year R35.13) and adjusted earnings before interest, tax, depreciation and amortisation to be R58bn–R62bn (prior year R51.8bn). Increases were driven by higher sales volumes, stronger Brent crude oi
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Financial News
Tencent flags stronger-than-expected first-half profit, lifting read-through for Prosus and Naspers
The company issued a positive profit alert for the six months ended 30 June 2026, indicating expected profits above previous guidance or market expectations. No specific figures or causes were disclosed in the announcement.
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Financial News
NAAMSA’s July flash report flags monthly shifts across production, showroom demand and exports
The National Association of Automobile Manufacturers of South Africa published its July 2026 automotive business council flash report summarising industry production, sales and export trends for the month. The report provides data and commentary on vehicle manufacturing, domestic market demand and trade flows.
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Financial News
July 2026 registrations point to shifting mix between passenger and commercial demand — naamsa
The National Association of Automobile Manufacturers of South Africa released July 2026 new vehicle sales figures for the South African automotive industry. The report presents monthly registration totals and trends for passenger vehicles, light commercial vehicles, medium and heavy commercial vehicles and buses.
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Financial News
Treasury floats draft cross‑border crypto rulebook, sets out reporting and oversight
National Treasury issued a draft Crypto Asset Manual for Cross-Border Activities, seeking comments. The manual outlines proposed rules and guidance for cross-border crypto asset transactions and related compliance, supervision and reporting expectations for market participants and authorities.
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Financial News
Eskom backs Presidency task team progress, flags Phase II push on cash, municipal arrears and lender terms
State-owned power utility Eskom said it supports Phase I outcomes of the Presidency’s Eskom Restructuring Task Team and expects Phase II to address financial sustainability, municipal debt and obligations to lenders. The company welcomed engagement on restructuring and highlighted these priorities for further work.
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Financial News
Nedbank to scrap chief operating officer role as Mfundo Nkuhlu retires end-2026
Nedbank Group announces that Mfundo Nkuhlu, group chief operating officer and executive director, will take early retirement at age 60 effective 31 December 2026. His role will be discontinued and responsibilities reallocated within the existing Group Executive Committee. The board thanked him for over 22 years of serv
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Financial News
Stats SA restarts insolvency data: filings fall even as inflation and output pressures build
Statistics South Africa resumed monthly insolvency statistics, showing insolvencies fell 11.1% in Jan–Jun 2026 versus same period 2025; liquidations fell 0.9%. May business indicators were mixed: mining, manufacturing and electricity weakened while retail and some transport categories improved. Consumer inflation rose
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