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 Eskom’s challenge of its sixth multi-year price determination (MYPD6). The regulator conceded it had underestimated Eskom’s costs, allowing the utility

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 reserve asset, following the playbook of firms like Michael Saylor’s MicroStrategy and Japan’s Metaplanet Inc. Both saw valuations surge after

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 on 30 September 2025. During this time, the Company has engaged closely with the Industrial Development Corporation (IDC), government, and

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 function properly in a failed state.” She points to government’s inability to provide reliable services, the decline of state control,

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 posted in the previous year and was welcomed by investors. Sasol makes up 5% of the BizNews Shyft model portfolio,