South Africa’s energy regulator, Nersa, is facing mounting criticism after admitting to a R54-billion error in its calculations for Eskom’s revenue, a mistake that could result in steep electricity tariff hikes for consumers over the next two years. On Wednesday, 10 September 2025, Nersa appeared before Parliament to account for the error, which arose during [...]
Altvest Capital Ltd., a South African financial services firm, plans to raise $210 million to buy Bitcoin and establish a crypto treasury reserve. The company will also rebrand as Africa Bitcoin Corp, CEO and founder Warren Wheatley confirmed. With this shift, Altvest becomes the first listed African company to adopt Bitcoin as its primary treasury [...]
Newcastle blast furnace placed on care and maintenance following unsuccessful stakeholder negotiations Issued by ArcelorMittal South Africa Limited ArcelorMittal South Africa (“the Company”) today announced that, despite extensive efforts over several years, no sustainable solution has yet been found to secure the future of its Long Steel Business beyond the current deferral period, which ends [...]
The question of whether South Africa has become a “failed state” has resurfaced in recent weeks, with business leaders, economists, and political analysts weighing in. Growing Concerns A number of commentators argue that South Africa already meets the criteria of state failure. Busi Mavuso, CEO of Business Leadership South Africa (BLSA), warns that “businesses cannot [...]
Operational challenges persist despite strong earnings recovery Sasol’s [JSE:SOL] share price jumped 7% to above R90 in early trade on Tuesday after the energy and chemicals group issued a trading update flagging a dramatic swing back into profit for the year ended 30 June 2025. The announcement marks a sharp turnaround from the heavy losses [...]
