Business Report

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Chinese automotive brands are rapidly reshaping South Africa’s vehicle market, capturing nearly one in every five new passenger and light commercial vehicle sales and emerging as one of the most significant competitive forces in the country’s automotive sector.

Chinese carmakers tighten grip with nearly 20 percent share on South Africa’s vehicle market Chinese automotive brands are rapidly gaining market share in South Africa, capturing nearly 20% of new vehicle sales. This article explores their impressive growth, evolving consumer preferences, and the implications for traditional manufacturers.

Anglo American and Codelco have completed the Los Bronces - Andina agreement, paving the way for 2.7 million tons of additional copper production - environmental permits are still outstanding.

Anglo American and Codelco finalise copper agreement in Chile, environment permit awaited Anglo American and Codelco have reached a significant agreement to enhance copper production in Chile, pending environmental permits, amidst concerns over sustainability and community impacts.

South African airline LIFT has expanded its digital offering by introducing Apple Pay, Google Pay and cryptocurrency payments, giving travellers more flexibility when booking flights online.

LIFT expands flight payment options with Apple Pay, Google Pay and cryptocurrency From digital wallets to crypto, LIFT is changing how South Africans pay for flights as consumer demand for faster and more flexible payment solutions grows.

KwaZulu-Natal's tourism industry is anticipating a strong July school holiday season, with more than 920,000 visitors expected to travel to the province and spend close to R1.9 billion, according to the KZN Tourism and Film Authority.

KZN braces for busy winter as July holiday visitors set to top 920,000 KwaZulu-Natal is gearing up for a record-breaking July holiday season, with over 920,000 visitors expected to generate nearly R1.9 billion in tourism expenditure, showcasing the province's resilience and appeal as a top travel destination.

Construction of the R8 billion Phase 1 of the Cape Winelands Airport, being co-developed in a partnership with JSE-listed Growthpoint Properties, and which will become Cape Town’s second major international gateway, is expected to start this year.

Growthpoint Properties' partnership on a new R8 billion international gateway for Cape Town Growthpoint Properties announces a strategic partnership to co-develop the R8 billion Cape Winelands Airport, set to become Cape Town's second major international gateway, with construction expected to start later this year.

The City of Johannesburg is facing mounting financial, governance and service delivery challenges that threaten its ability to fulfil its role as South Africa’s economic powerhouse, Auditor-General Tsakani Maluleke has warned.

Auditor-General raises alarm over Joburg’s financial decline and service delivery risks Auditor-General Tsakani Maluleke warns that Johannesburg's financial governance is deteriorating, with significant challenges in service delivery and accountability threatening the city's role as South Africa's economic hub.

Nedbank Group earnings guidance for 2026 remains on track even though geopolitical tensions and trade disruptions have weighed on confidence and investment through the first five months of the year.

Nedbank hold 2026 earnings outlook despite geopolitical tensions and low GDP growth Nedbank Group's latest earnings guidance for 2026 reflects resilience amid geopolitical tensions and trade disruptions, with mixed economic indicators in South Africa influencing its outlook.

South African Reserve Bank (Sarb) Deputy Governor, Rashad Cassim, has highlighted the crucial role of financial markets and the government bond yield curve in shaping monetary policy.

Reserve Bank says lower inflation, fiscal reform key to reducing South Africa’s borrowing costs Rashad Cassim, Deputy Governor of the South African Reserve Bank, highlights the importance of financial markets and the government bond yield curve in shaping monetary policy, while discussing recent improvements in inflation and fiscal stability.

South Africa’s citrus industry has revised its lemon export forecast sharply upward for the 2026 season, buoyed by favourable weather conditions, improved fruit development and stronger-than-expected production across key growing regions.

South Africa raises lemon export forecast as favourable conditions boost crop prospects The Citrus Growers’ Association of Southern Africa has revised its lemon export estimates for the 2026 season upwards, citing favourable growing conditions and effective logistical management, despite challenges posed by recent floods.