Van der Walt brothers trim stake for diversification, reaffirm long-term commitment The founders of WeBuyCars (WBC), brothers Faan and Dirk van der Walt, have sold shares worth about R866.4 million in their first significant disposal since the company listed on the JSE in April 2024. A SENS announcement released after market close on Monday revealed that the executive directors sold a combined 18.7 million shares between 28 January and 2 February 2026. The sale was

The Economist argues that, after years of decline, South Africa could be approaching a turning point. For much of its modern history, South Africa’s economy has been shaped by extremes. The riches of diamond and gold mining once powered its rise as Africa’s most industrialised nation. In recent years, however, the country has fallen into a different kind of hole. GDP per person is lower now than it was two decades ago, and South Africa

MultiChoice’s high-stakes bet to turn Showmax into its primary growth engine has backfired badly, with mounting losses and missed targets exposing the strategy’s failure. Nearly three years ago, the group declared that its video streaming service would drive future growth, as its traditional pay-TV businesses DStv and GOtv slid into subscriber decline under pressure from global rivals such as Netflix and Amazon Prime Video. Faced with an existential threat, MultiChoice went all in on Showmax.

Dear Gwede Or as some people kowtow – The Honourable Minister Gwede Mantashe, I write to you today not merely as a critic, as you know my views on the destructive and incompetent ANC, but as a deeply concerned South African witnessing the managed decline of an industry that is not only our national heritage but also our most critical asset for the future. The global landscape is undergoing a profound transformation, one that places

SpaceX has expanded its Starlink satellite Internet service across Africa, but regulatory hurdles—particularly in South Africa—have slowed its broader rollout. By the end of December 2025, Starlink was operational in 24 African countries, up from 14 a year earlier. However, this fell well short of the company’s ambitions. In December 2024, Starlink’s coverage map indicated plans to launch in 24 additional African countries during 2025—meaning fewer than half of those targets were met. This was