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The Eskom executive whose salary increased by 90% in a year and was paid more than CEO Dan Marokane

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Wednesday, 2 September 2026
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The Eskom executive whose salary increased by 90% in a year and was paid more than CEO Dan Marokane
Eskom CFO Calib Cassim’s pay package grew by 90.78% to R13.52 million in the 2026 financial year, as the finance chief readies for his retirement.
South Africa’s most important company left because of BEE and aggressive trade unions
Fearing nationalisation and mounting political and labour pressure, Anglo American moved its headquarters to London and embarked on a decades-long withdrawal from South Africa.
The online service that makes more money than Takealot
Shoprite’s Sixty60 service has become a significant revenue and sales driver for the retailer, having made R25.5 billion in sales in the 2026 financial year.
End of an era for South Africa’s biggest coffee shop chain
Vida e Caffè, South Africa’s biggest coffee shop chain, is being bought by Shoprite, endings it 25-year history of being independently owned.
Business and Technology News
Total DStv overhaul in South Africa
MultiChoice accidentally leaked the details of a planned revamp of DStv on its website, which includes a dedicated Sports package and a new Movies & Series bouquet.
Nedbank gets approval for R13.9 billion acquisition
The Central Bank of Kenya has officially approved Nedbank Group's proposed acquisition of a 66% stake in the Kenyan NCBA bank.
South African municipality owes Eskom R108 million, cannot pay its creditors within 30 days, and projects are stalled
The Musina Local Municipality owes Eskom R108 million, cannot pay its creditors within the statutory 30-day period, and projects will only achieve a funded budget in 2028/29.
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Shock resignations and suspensions of CEO and other directors at JSE-listed company
Africa Bitcoin Corporation CEO Warren Wheatley and other directors resigned from certain positions after the Financial Sector Conduct Authority (FSCA) disbarred them.
Important South African city in severe financial trouble with current liabilities exceeding current assets by R4.7 billion
The City of Matlosana’s current liabilities exceed current assets by R4.67 billion, which places it under severe financial pressure.
Eskom increased prices so much that revenue rose 118% despite it selling less electricity
Eskom sold less electricity in 2026 than it did 10 years ago, but its revenue from the sale of electricity has risen 118% during that time due to large tariff increases.
Top economist warns about higher inflation and interest rates for South Africa
Stanlib chief economist Kevin Lings expects South Africa's inflation to rise back towards 5% in the short term, prompting one more interest rate hike this year before easing in the second half of 2027.
Partner content
The illusion of diversification: hidden concentration risk in JSE index trackers
Many South African investors assume that holding a low-cost JSE equity index tracker provides broad, safe diversification for their retirement savings.
Arlo & Co. Brings a New Generation of Hosted City Living to Cape Town’s Historic Heart
Following the official launch of sales on 20 August, Arlo & Co. has seen a strong early response from the market, with buyers moving quickly to secure residences at one of Cape Town's most distinctive new city-centre addresses.
Where Real Growth Begins: Find the Right Business Lending Solution with an Overdraft Facility
Growing a business requires access to cash, but managing cash flow can be challenging. For qualifying businesses, a business overdraft can provide additional flexibility to manage short-term funding needs and keep operations moving.
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