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.
European Central Bank announces monetary policy decisions
The European Central Bank announced decisions on monetary policy affecting interest rates and related measures. The announcement details the bank's stance and any adjustments to policy instruments to achieve price stability across the euro area.
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Financial News
Kumba signs 20-year on-site solar offtake with Envusa to power Sishen mine
Kumba Iron Ore, via subsidiary Sishen Iron Ore Company Proprietary Limited, has entered a 20-year Energy Offtake Agreement with Envusa Energy Proprietary Limited for a 72.5 megawatt-peak solar photovoltaic plant supplying 63 megawatts alternating current to the Sishen mine. The project is expected to begin supplying el
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Financial News
Kumba’s first-half output dips as Transnet shutdown and cost inflation bite
Kumba Iron Ore Limited reported total production of 17.7 million tonnes for the six months ended 30 June 2026, down 3% year on year, and sales of 18.6 million tonnes, down 1%. Company cited a Transnet logistics maintenance shutdown, higher input costs and rand strength versus the US dollar. Average realised export iron
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Financial News
June inflation jumps to 5.0% as fuel costs surge, the highest pace since June 2024
Statistics South Africa reports annual consumer inflation rose to 5.0% in June 2026 from 4.5% in May 2026, with month-on-month prices up 0.7%. Transport led increases, driven by higher fuel prices (diesel +50.8%, petrol +31.7% year on year). Food and non-alcoholic beverages inflation eased to 1.6%. Rents rose 4.1% annu
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Financial News
Mr Price’s Q1 sales jump 45.3% to R13.1bn, lifted by NKD deal; Africa up 3.2% with margin gains
For the 13 weeks to 27 June 2026 Mr Price Group Limited reported group retail sales up 45.3% to R13.1 billion, aided by the acquisition of NKD (Pegasus Group Holding GmbH). Excluding NKD, African retail sales rose 3.2% to R9.3 billion, with African gross margin up 40 basis points. NKD Europe sales were R3.8 billion. Th
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Financial News
UBS Group discloses 5.15% holding in Sibanye‑Stillwater, triggering TRP notice
Sibanye‑Stillwater has received formal notification that UBS Group AG now holds 5.15% of the company’s issued ordinary shares. The company will file the required notice with the Takeover Regulation Panel and the board accepts responsibility for the announcement.
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Financial News
FSCA flags four online investment sites as unauthorised in South Africa
The Financial Sector Conduct Authority (FSCA) warns the public that Lumia Bit AI, Instant ePrex XP South Africa, Lunexa Vault and Luaranivotheq are not authorised to provide financial services in South Africa. The FSCA advises consumers to avoid investing with these platforms and to report suspicious activity to the re
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Financial News
South Africa targets 2028 for sweeping labour law overhaul on disputes, bargaining and enforcement
The Department of Employment and Labour says proposed amendments to the Labour Relations Act and other employment laws are on track for promulgation in 2028. Changes aim to update dispute resolution, collective bargaining, workplace standards and enforcement mechanisms; further details and timelines will be published b
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Financial News
Small rise in take-home pay in June, but faster inflation leaves households worse off
BankservAfrica data shows South African employees received a small increase in nominal net salaries in June 2026. Rising consumer price inflation outpaced wage gains, reducing real take-home pay to its weakest level in about two years and weighing on consumer spending and economic growth.
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Financial News
Public Investment Corporation takes 20.469% stake in Northam Platinum Holdings
The Public Investment Corporation SOC Limited has notified Northam Platinum Holdings Limited that it holds a 20.469% beneficial interest in Northam Platinum Holdings Limited's issued share capital. The company will file required notices with the Takeover Regulation Panel and the Companies and Intellectual Property Comm
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Financial News
Pepkor to take 57% control of combined Flash–Shop2Shop fintech in R12.2bn deal
Pepkor will combine its Flash business with Shop2Shop to form a merchant commerce and financial technology platform (FintechCo) with annual throughput above R200 billion. Pepkor will acquire a 57.1% interest via a R1.57 billion cash subscription and contribution of Flash shares valued at R10.6 billion. The combined equ
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Financial News
Stats SA restarts insolvency series; Q2 2026 cases fall to 320 from Q1
Statistics South Africa has resumed publishing insolvency statistics after a suspension since 2021 due to a data disruption at the Department of Justice and Constitutional Development. The June 2026 release shows 320 insolvencies in the second quarter, down 113 from Q1 2026, and 61 insolvencies in June 2026, a 56.1% ye
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Financial News
World Bank inks US$1.5bn policy loan with South Africa to speed infrastructure fixes and jobs push
The National Treasury and the World Bank signed a development policy loan agreement of US$1.5 billion to support infrastructure modernization, economic recovery and job creation in South Africa. The funds aim to back reforms and investments to improve service delivery and private sector participation.
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Financial News
Kumba flags 30–35% first-half EBITDA drop on rains, Transnet shutdown and stronger rand
Kumba Iron Ore Limited reports production down 3% and sales down 1% for the six months to 30 June 2026 after heavy rainfall and a Transnet logistics maintenance shutdown. Earnings before interest, tax, depreciation and amortization (EBITDA) is expected at R10,433–R11,194 million, down 30–35%. Headline earnings are like
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Financial News
Stats SA’s July Mbalo Brief maps migration trends after protests, with signals for jobs and demand
Statistics South Africa published the July 2026 Mbalo Brief, offering data‑driven analysis of migration patterns within and into South Africa. The release follows widespread anti‑immigrant protests and marches on 30 June 2026 in major South African cities and aims to inform public debate with official statistics.
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Financial News
Nedbank’s partial bid for NCBA draws 79.9% acceptances, mixing new shares with KSh23.24bn cash
Nedbank Group Limited says its offer to acquire approximately 66% of NCBA Group plc closed on 10 July 2026 with indicative acceptances covering 1 316 357 895 NCBA shares (79.90% of shares). Nedbank will issue about 43 626 646 new Nedbank ordinary shares and pay c. Kenyan shillings 23.24 billion (c. South African rand 2
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Financial News
Sasol lifts output and deliveries in FY26, buoyed by stronger Q4 and higher liquid fuels sales
Sasol published business performance metrics for the year ended 30 June 2026. The group reports improved production and delivery largely within or above market guidance, stronger fourth-quarter performance, progress on strategic initiatives, higher liquid fuels sales and increased chemicals revenue in parts of the busi
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Financial News
GCR Ratings issues South Africa sovereign rating update
Global Credit Ratings South Africa (GCR) published a sovereign rating update for the Republic of South Africa, outlining its assessment of the country’s creditworthiness and factors affecting the rating, including fiscal position, economic growth, and governance. The update notes risks and areas monitored by the rating
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Financial News
Aspen wins Health Canada nod for generic semaglutide injection in type 2 diabetes
Aspen Pharmacare Holdings Limited says its subsidiary Aspen Pharmacare Canada Inc. has received Health Canada approval for Aspen-Semaglutide, a generic semaglutide injectable indicated to improve blood sugar control in adults with type 2 diabetes mellitus alongside diet and exercise. Commercial launch depends on availa
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Financial News
Harmony reports fatal accident at TauTona service shaft; probe under way
Harmony Gold Mining Company Limited reports that an employee died following an incident at the TauTona service shaft near Carletonville on 19 July 2026. The Department of Mineral and Petroleum Resources and relevant stakeholders have been notified. Management is supporting the employee’s family and colleagues and says
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Financial News
FSCA takes enforcement action against 80 Eight South Africa, formerly Ela Asset Management
The Financial Sector Conduct Authority has announced regulatory action against 80 Eight South Africa (Proprietary) Limited, formerly Ela Asset Management (Proprietary) Limited. The regulator details enforcement measures and reasons for intervention in a public statement dated 17 July 2026.
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Financial News
Eskom switches on Mafikeng Provincial Hospital microgrid to keep care running for about one million people
State-owned electricity utility Eskom has commissioned a renewable energy microgrid at Mafikeng Provincial Hospital in North West province. The project aims to secure power for healthcare services and improve resilience for about one million people in the hospital’s catchment area.
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Financial News
Eskom lifts plant availability to 65.46% and trims targeted power cuts to fewer customers
State power utility Eskom says its energy availability factor increased to 65.46%, up 6.52 percentage points year on year, and that planned load reductions have been lowered and now affect about 7% of customers. One additional province is declared free of load reduction, benefiting over one million customers.
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Financial News
PayInc highlights digital payments' benefits for South Africa's informal 'kasi' economy
PayInc, writing on BankservAfrica, argues South Africa's informal township or 'kasi' economy is large but underserved by national digital payment systems because those systems were not designed for informal trade. The piece says cash remains dominant, outlines barriers to digital adoption, and highlights potential bene
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Financial News
DTIC aligns infrastructure, zoning and incentives to seed provincial industrial hubs
The Department of Trade, Industry and Competition announces plans for spatial industrial development to support regional manufacturing and investment. The initiative aims to coordinate infrastructure, zoning and incentives to promote industrial hubs and job creation across provinces.
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Financial News
Eskom wins go‑ahead to set up Eskom Green, a funding-ready renewable energy subsidiary
State-owned power utility Eskom Holdings has received required approvals to create Eskom Green as a wholly owned subsidiary. The approval allows Eskom Green to raise funding and accelerate renewable energy projects, marking a key milestone in Eskom's unbundling process.
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Financial News
Prosus to sell remaining 16.8% Delivery Hero stake to Uber at €41.50 if bid clears
Prosus N.V., majority-owned by Naspers Limited, has given an irrevocable undertaking to Uber Technologies, Inc. to sell its remaining 16.8% stake in Delivery Hero SE if Uber’s offer to acquire Delivery Hero at €41.50 per share becomes unconditional. Prosus says the price is fair, will use proceeds for general corporate
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Financial News
Finance, real estate and business services: 23% of value added, 2m jobs in 2024
Stats South Africa report finds the finance, real estate and business services industry accounted for 23% of value added in 2024 and employed just over 2.0 million people, up 146,095 since 2020. Investigation and security activities led job creation; real estate lost jobs but saw profit margins recover. Computer relate
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Financial News
Stats SA says real estate and business services income jumped 31.6% since 2020 as margins recovered
Statistics South Africa reports total income for enterprises in real estate, activities auxiliary to financial intermediation and business services rose from R1 401.2 billion in 2020 to R1 843.4 billion in 2024, a 31.6% increase. Profit margin recovered from 5.5% in 2020 to 12.2% in 2024; real estate activities had the
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Financial News
BHP hits record iron ore and about 2 Mt copper while keeping costs low despite inflation
BHP delivered around 2 million tonnes of copper for the second year and record iron ore production to 30 June 2026, with unit costs largely at the bottom of guidance despite inflation and higher diesel. The group progressed copper growth projects globally, advanced strategic partnerships and made executive team changes
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Financial News
New Development Bank appoints Monale Ratsoma as vice-president and chief risk officer
The New Development Bank has appointed Mr Monale Ratsoma as its vice-president and chief risk officer, effective immediately. The appointment was announced by the South African National Treasury. No further details on term length or responsibilities were provided in the statement.
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Financial News
FSCA opens probe into Public Investment Corporation; details and timeline undisclosed
The Financial Sector Conduct Authority has opened an investigation into the Public Investment Corporation regarding potential regulatory breaches. The regulator did not disclose details of alleged misconduct, the scope or timing of the probe. The investigation is ongoing and further statements may follow.
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Financial News
Richemont’s June quarter sales jump 20% at constant exchange rates, led by jewellery
Compagnie Financière Richemont SA reported group sales of €6.3 billion for the quarter to 30 June 2026, up 20% at constant exchange rates and 17% at actual rates. Jewellery maisons led growth (+24%), specialist watchmakers improved (+8%), retail channel strong (+24%), and all regions delivered gains; net cash €9.1 bill
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Financial News
US Fed minutes from June 8 and 17 spotlight discount window talks and liquidity signals
The United States Federal Reserve released the minutes of the Board of Governors' discount rate meetings held on 8 June and 17 June 2026. The documents record discussions by Federal Reserve directors and reserve bank presidents regarding discount window lending and related policy considerations.
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Financial News
Naspers buys back 1.12m shares for ZAR965m, joins national unclaimed-dividend “Claim It” drive
Naspers Limited says the group bought 1,121,078 Naspers ordinary shares between 6 July 2026 and 10 July 2026 at an average price of ZAR 861.1487 per share, costing ZAR 965,414,856 (US$59,141,054). The company is also participating in the market-wide Claim It campaign to help shareholders recover unpaid or unclaimed div
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Financial News
Old Mutual to engage shareholders after pay votes miss 75% support threshold
Old Mutual Limited says two non-binding remuneration votes at its annual general meeting received majority support but did not meet the 75% threshold under JSE Limited Listings Requirements: 68.39% for the Remuneration Policy and 70.72% for the Remuneration Implementation Report. The company invites shareholders to a v
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Financial News
Statistics South Africa to release 2024 results for real estate and business services industry
Statistics South Africa will publish the 2024 results of the real estate, activities auxiliary to financial intermediation and business services industry on 15 July 2026. The large sample survey covers tax-registered enterprises mainly engaged in real estate, financial support services and other business services, repo
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Financial News
Northam posts record FY26 output: 938,754 ounces refined, 1.69m tonnes chrome, 1.09m ounces sold
Northam Platinum reports record annual production for the year ended 30 June 2026: 938,754 ounces of equivalent refined metal from own operations, 158,138 ounces purchased from third parties, and 1,690,495 tonnes of chrome concentrate produced and sold. Total metal sold was 1,087,327 ounces. Operations at Zondereinde,
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Financial News
Public Investment Corporation lifts Sasol stake to 20.189%, triggering regulator filings
Public Investment Corporation State-Owned Company Limited has notified Sasol Limited that it has increased its beneficial holding in Sasol ordinary shares to 20.189% of issued ordinary share capital, up from 15.049%. Sasol will file required takeover and company regulator notices.
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Financial News
AngloGold Ashanti seeks nod for $2bn, five‑year share buyback to match peer practice
AngloGold Ashanti plc requests shareholders vote FOR a resolution at the 23 July 2026 general meeting to approve share repurchase contracts for a market buyback programme of up to $2.0 billion over five years. The board says a multi‑year mandate aligns with its capital allocation, matches peers primarily in North Ameri
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Financial News
South Africa marks World Population Day with 30-year census shift toward an older, urban nation
Census data show South Africa’s population rose from 40.6 million in 1996 to over 62.0 million in 2022, averaging 1.7% annual growth. Females were 51.5% of the 2022 population. The elderly cohort grew fastest (3.0% annually); children aged 0–14 grew slowest (0.7%). Gauteng became most populous in 2011 and had over 15 m
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Financial News
Quilter steps up dual‑market buyback, set to cancel shares bought in London and Johannesburg
Quilter plc purchased ordinary shares on the London Stock Exchange and the Johannesburg Stock Exchange through Goldman Sachs International between 6 and 10 July 2026 and intends to cancel the shares bought. Since 4 March 2026 it has bought 28,889,746 shares in London for £53,695,452.02 and 7,598,370 shares in Johannesb
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Financial News
Construction’s GDP share halves since 2008 as industry shrinks; small firms gain ground
Statistics South Africa reports the construction sector’s contribution to gross domestic product fell from 4.2% in 2008 to 2.4% in 2024 and 2.3% in 2025. Industry size declined from R156.0 billion (constant prices) in 2016 to R99.1 billion in 2025. Small and micro enterprises increased their share of income (25.0% in 2
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Financial News
Biotech secures US$60m upfront from UCB for ATG-201 licence, boosting cash and validation
The company announced receipt of a US$60 million upfront payment from UCB SA for a licence and collaboration on its ATG-201 antibody therapy. The arrangement covers development and commercialisation rights; further payments or milestones may be payable under the agreement. No financial guidance was provided.
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Financial News
Eskom lifts load reduction in five provinces as winter availability improves
State-owned power utility Eskom said it sustained an upward trajectory in energy availability factor and continued to deliver energy security during winter, enabling it to lift load reduction measures in five South African provinces as of July 10, 2026.
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Financial News
Sanofi wins US approval for wearable-injector Sarclisa Escena, a first in cancer dosing
Sanofi announced United States regulatory approval of Sarclisa Escena, the subcutaneous formulation of the cancer drug Sarclisa, for administration using a portable injector. The approval makes this the first anticancer treatment authorised for use with a wearable portable injector in the United States. Sanofi said the
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Financial News
Old Mutual shifts Zimbabwe secondary listing to Victoria Falls Stock Exchange for U.S. dollar liquidity
Old Mutual Limited's board has resolved to migrate its secondary listing in Zimbabwe from the Zimbabwe Stock Exchange to the Victoria Falls Stock Exchange, subject to regulatory approvals. The company cites improved liquidity, rising turnover on the Victoria Falls Stock Exchange, dollar denominated trading and procedur
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Financial News
HKEX halts trading in a Hong Kong-listed company; reason and timeline not disclosed
The Hong Kong Exchanges and Clearing Limited has issued a notice of a trading halt in a listed company. No further details on the reason for the halt, duration or affected securities were provided in the notice excerpt.
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