R80 billion down the drain for South Africa’s failed public transport system

After spending R80 billion in two decades, the Department of Transport is ceasing its grant payments to South Africa's bus rapid transit system over low commuter numbers. View online Saturday, 16 May 2026 Your daily update R80 billion down the drain for South Africa’s failed public transport system After spending R80 billion in two decades, the Department of Transport is ceasing its grant payments to South Africa's bus rapid transit system over low commuter numbers. The top South African business leader who moved to Australia and now chairs a big private equity firm Former Investec Group CEO Stephen Koseff shares his views on leadership, persistence, and the power of culture. R580 million Eskom settlement helps South African construction giant triple earnings Stefanutti Stocks expects its earnings per share from continuing operations to grow by as much as 210% for the 2026 financial year. Business and Technology News SARS warns of possible weekend downtime for upgrades The taxman has scheduled maintenance on its digital platforms to implement upgrades. The one thing carrying South Africa right now South Africa's tourism sector has played a major role in improving the country's GDP. Must read Tiny island base is the first victim of South Africa’s looming petrol and diesel shortage South Africa said it’s evacuating researchers at a sub-Antarctic Marion Island base after the Iran war delayed fuel deliveries needed for the operations.  Discovery Bank has almost eliminated EFT fraud Since introducing its TRUST Alert system, Discovery Bank has slashed EFT fraud by 85%. South Africa’s most important industry that was left for dead is now coming back to life South Africa's mining sector appears to be bouncing back after decades of stagnation. However, analysts warn its recovery may not be sustained unless significant reform occurs. Partner content Cash Converters – The franchise opportunity that makes sense in uncertain times The demand for access to cash, now, will always be there. The best software development partner in South Africa Codehesion believes in building software that stands the test of time – no matter how fast your business grows, or the scale to which it expands. How to reach an affluent audience of 2.5 million South Africans Sponsored articles promote your products and services, and let you share valuable thought leadership with your industry. More stories

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