The small Western Cape fishing town known for producing salt where houses sell for as much as R15 million

The quaint fishing village of Velddrif is becoming a property hotspot, as demand for homes in small Western Cape towns continue to grow. View online Friday, 22 May 2026 Your daily update The small Western Cape fishing town known for producing salt where houses sell for as much as R15 million The quaint fishing village of Velddrif is becoming a property hotspot, as demand for homes in small Western Cape towns continue to grow. South Africa’s government is losing control Analysts have warned that the continued failure of the state to deliver services will result in the private sector replacing it and potentially result in South Africa fracturing into enclaves. Surprisingly good news about Pick n Pay Pick n Pay now expects its headline loss per share to narrow rather than worsen when it reports its 2026 financial results, driven mainly by stronger-than-expected performance from Boxer. Only two of South Africa’s most valuable companies were founded after 1994, and zero since BEE became law An analysis of South Africa’s most valuable companies showed that only two were founded after 1994, and none since BEE became law in 2004. Business and Technology News Johannesburg wants to become a smart city in one year but can’t pay its power bill Johannesburg Mayor Dada Morero said that the city must become fully digital by 2027, amid threats of widespread blackouts from Eskom due to unpaid debts. FlySafair responds to threat of massive fine in South Africa The National Consumer Commission has referred South African airline FlySafair to the National Consumer Tribunal for overbooking flights. Must read Allan Gray explains investment in Cell C Allan Gray believes Cell C’s transformation has made it an attractive investment despite its previously complex structure and troubled past. End of an era for spam calls in South Africa New amendments to South Africa’s Consumer Protection Act now require direct marketers to formally register, regularly clean marketing databases and honour opt-out requests. South Africa's richest city pays R21 billion in salaries while it owes Eskom R5.2 billion The City of Johannesburg paid R21 billion in salaries while failing to deliver services like electricity, with the City owing Eskom over R5.2 billion in debt. Johann Rupert is smiling from ear to ear Richemont’s full-year sales rose more than expected as shoppers splurged on its pricey Cartier bracelets and rings, helping the Swiss group weather a luxury market slowdown better than most rivals. Partner content 5 Best Regulated Forex Brokers in South Africa As competition between forex brokers continues to grow in South Africa, these are the five brokers that stand out from the crowd. Escape for Less with MSC Cruises’ Buy 1 Get Up to 70% Off Offer As travellers continue to seek greater value and flexibility from their holidays, promotions like MSC Cruises’ Buy 1 Get up to 70% Off the 2nd Passenger offer are making cruise travel more accessible than ever. South Africa’s top software development company helps businesses scale Codehesion is South Africa’s best software development company and the ideal partner for effective business scaling. More stories

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