Big problem for South Africans who order takeaways
Standard Bank has warned that South Africans are overspending on takeaways and fast food, with many burning through cash and having no emergency savings.
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Another harsh reality check for South Africans
A recent report shows that, despite a healthier outlook for salaries, households in South Africa are still turning to credit to make ends meet, and defaults on payments are rising.
Read MoreSouth Africa’s Pick n Pay reports 4.3% rise in turnover
South African grocery group Pick n Pay on Tuesday reported a 4.3% increase in group turnover, lifted by increased sales at its supermarkets and strong growth at discount chain Boxer, despite challenging consumer conditions.
Read MoreAfrican Markets – Factors to watch on Aug 5
The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Tuesday.
Read MoreSouth Africa’s Telkom profit rises on subscriber growth and fibre services
South Africa’s Telkom reported a 6.5% rise in quarterly core profit on Tuesday, helped by subscriber growth and increased use of its “next-generation network” (NGN) offerings as it ditched legacy services.
Read MoreNigeria’s capital inflows surge 67%, boosted by portfolio investments
Nigeria’s capital inflows surged 67% year-on-year to $5.64 billion in the first quarter of 2025, driven by an uptick in portfolio investments and renewed investor interest in the financial services sector, official data showed on Tuesday.
Read MoreBig trouble for McDonald’s, Burger King and Starbucks in South Africa
Nedbank Retail Services has warned that franchise businesses in South Africa will likely come under immense pressure after the US imposes its 30% tariff on the country.
Read MoreKamers/Makers: A new look, rooted in legacy
Kamers/Makers has officially launched a new chapter in its 23-year journey, featuring a refreshed visual identity and a powerful new seasonal theme.
Read MoreBok boss Rassie Erasmus reveals plan for Evan Roos and Salmaan Moerat
Springbok coach Rassie Erasmus revealed he had a phone call with Stormers boss John Dobson about the roles of Evan Roos and Salmaan Moerat.
Read MoreWoolies announces a retail first: Life-changing benefits for thousands of employees
Woolworths has announced a first-of-its-kind benefits package designed to change the lives of thousands of its employees.
Read MoreThe family that founded South Africa’s most famous biscuit company
The Baumann family went from manufacturing biscuits made for sailors to founding one of South Africa’s oldest and most beloved brands: Bakers.
Read MoreFormer SuperSport CEO to lead Megapro
Former SuperSport CEO Marc Jury has been appointed group CEO of sports marketing agency Megapro, effective 1 September 2025.
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