Tables have turned on South Africa

The war in Iran has flipped South Africa’s economic script, with forecasts of much faster growth being replaced by another year of flat 1% GDP growth.  View online Sunday, 23 August 2026 Your daily update Tables have turned on South Africa The war in Iran has flipped South Africa’s economic script, with forecasts of much faster growth being replaced by another year of flat 1% GDP growth.  International retailer worth more than Mr Price and Pick n Pay rolling out new stores across South Africa Malaysian home improvement retailer Mr DIY has opened two new stores in South Africa as a part of its efforts to expand its national footprint. Wealthy buyers are flocking to these South African luxury estates Wealthy buyers are increasingly choosing Gauteng’s luxury estates for their security, infrastructure and lifestyle amenities, with some homes now selling for over R60 million. Allan Gray views Shoprite, Mr Price, and Dis-Chem as high-quality businesses trading at meaningful discounts to their history. Allan Gray backs Shoprite, Mr Price, and Dis-Chem Business and Technology News End of an era for ATMs in South Africa The South African Reserve Bank is pushing ahead for its new ATM strategy in South Africa, but further details are still on the way. Eskom in trouble for breaking the law at its R233 billion power station The Supreme Court ordered Eskom's board of directors to come up with a plan to rectify a pollution problem at Kusile power station within 30 days. Billionaire Christo Wiese’s message to people who want to leave South Africa Billionaire Christo Wiese said that he encourages his children and grandchildren to make their lives in South Africa, as it is a privilege to live in the country. Must read R54 billion state-run scheme under investigation A report from the Public Protector has revealed rampant misfunding at NSFAS, with R5.1 billion being given to 40,000 students who did not qualify. Great news about food prices in South Africa South Africa's food price inflation hit its lowest point in 16 years last month, but risks such as weather, fuel prices, and disease outbreaks still remain. The private sector is the only thing creating value in South Africa South Africa’s declining state capacity and mismanagement have undermined private-sector productivity and investment, with collapsing SOEs, rising regulation and weak business confidence threatening long-term economic growth. Johannesburg pays its R5.26 billion Eskom bill The City of Johannesburg paid R5.26 billion it owed South African electricity utility Eskom in overdue power bills. More stories

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