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G20 risks collapse amid US-South Africa rift, analysts warn

Geopolitical analysts have issued a warning that the G20 may fracture into rival blocs as diplomatic tensions between the United States and South Africa reach their highest point in years. These concerns arose following Washington’s decision to exclude South Africa, an existing full member, from the 2026 G20 Summit, choosing instead to extend an invitation […]

S.Africa signs wind energy deal to ease power outages
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Ramaphosa rejects handing over G20 presidency to US without Trump’s presence

South Africa President Cyril Ramaphosa will not hand the next presidency of the G20 to a US embassy representative after President Donald Trump refused to attend this weekend’s summit, the South African government said Saturday. The Trump administration has boycotted the Johannesburg meeting that wraps up on Sunday and said it would send the charge […]

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Shettima departs Abuja to represent Tinubu at G20 summit in S’Africa

Vice President Kashim Shettima on Friday departed Abuja to represent President Bola Tinubu at the G20 Leaders’ Summit scheduled to hold in Johannesburg, South Africa. This travel follows a postponement of President Tinubu’s earlier planned trip to Johannesburg, South Africa, due to the need to await further security briefings on the recent security incidents in […]

Seven banks paid N392.53bn in taxes in first half of 2024
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South Africa to tax social media influencers

The South African Revenue Service has announced that social media influencers are now included in its taxpayer segmentation model, emphasising the need for compliance with tax regulations. The agency clarified that all forms of income, whether received as cash, products, services, or travel perks, must be declared. Influencers are encouraged to report earnings from brand […]

South African auto industry suffers closures, 4,000 jobs lost
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South African auto industry suffers closures, 4,000 jobs lost

Low domestic sales, an influx of imported vehicles, and stagnant local content levels have forced 12 company closures and cost more than 4,000 jobs in South Africa’s motor industry over the past two years, Trade Minister Parks Tau said on Wednesday. Speaking at an auto parts conference, Tau noted that South Africa produced 515,850 vehicles […]

Truecaller faces South African probe over privacy breaches
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Truecaller faces South African probe over privacy breaches

The widely used caller identification app, Truecaller, is under investigation in South Africa over allegations of false blacklisting of phone numbers and potential violations of the country’s data privacy law. The Information Regulator confirmed it has received multiple complaints about the app, which allows users to identify incoming calls and block spam. Some businesses allege […]

MTN winds down BEE scheme, pay out modest returns to investors
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MTN winds down BEE scheme, pay out modest returns to investors

South Africa’s largest telecoms firm, MTN, will close its Black Economic Empowerment investment vehicle, Zakhele Futhi, on 28 July 2025, marking the end of a nine-year initiative aimed at broadening economic inclusion for Black South Africans. MTNZF shareholders will receive a total payout of $1.10 per share—the value of their initial investment—along with modest gains […]

Temu deepens African footprint with local warehouse launch
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Temu deepens African footprint with local warehouse launch

Chinese e-commerce giant Temu has opened a local warehouse in South Africa, marking its most aggressive move yet in the country since entering the market in early 2024. The new facility promises faster shipping for customers, with some orders now eligible for next-day delivery and others arriving within two days. However, Temu has yet to […]

Takealot revenue rises 15% amid rising Amazon competition
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Takealot revenue rises 15% amid rising Amazon competition

South Africa’s largest online retailer, Takealot Group, recorded a 15% rise in full-year revenue, reaching $872 million (in local currency terms) for the fiscal year ending March 31, according to its parent company, Naspers, on Monday. The growth was underpinned by strategic investments in logistics, improved customer offerings, and the company’s loyalty-based subscription service. However, […]

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S’Africa now Africa’s top fuel importer – Report

Nigeria is no longer Africa’s top importer of refined petroleum products, following increased output from the Dangote Petrochemical Refinery, a new report reveals. According to fresh data from energy consultancy CITAC, South Africa has now taken the lead as the continent’s largest fuel importer—marking a significant transformation in Africa’s downstream oil market. The Dangote Refinery, […]

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