According to a Special Tribunal judgment delivered on 13 July 2026, the Mshandukani Foundation received a R4 million National Lotteries Commission grant in 2019 intended for installing boreholes at rural Eastern Cape schools and clinics, but Special Investigating Unit probes revealed the boreholes had actually been constructed three years earlier in 2016. Fraudulent Borehole Grant … Read more
Mauritius faces a crucial test of its long-standing status as a low-tax gateway for cross-border capital as a raft of new corporate taxes threatens to erode bank profitability, according to Moody’s Ratings. Banking Sector Profitability Under Pressure in Mauritius Lenders across the Indian Ocean financial hub are grappling with a tightening fiscal regime designed to … Read more
Claire Swanson, a former food product developer at Woolworths, successfully launched the confectionery brand ARK Provisions after identifying a market gap for spicy, fruit-flavored sweets inspired by Mexican dulces enchilados. According to an interview on the Business Week podcast, the brand transitioned from a home-based kitchen project to a national retail presence in Shoprite Group … Read more
South Africa has secured a $1.5 billion loan from the World Bank to accelerate infrastructure modernization and job creation. This capital marks the fourth development policy loan provided to the country since 2022, aimed at resolving long-standing infrastructure bottlenecks that have constrained economic growth for a decade. Did You Know? The World Bank reports that … Read more
Anti-migrant protests in South Africa have triggered a mass departure of foreign workers, disrupting essential services and threatening the stability of Africa’s largest economy. Authorities have processed around 67 000 migrants for repatriation in recent weeks, while Zimbabwe reports almost 100 000 of its citizens have returned since late May, according to government data. The … Read more
The transition to a new computerised learner’s licence testing (CLLT) system in South Africa has resulted in a significant decline in pass rates, with Western Cape data showing that only 17% of applicants now pass the test. The Road Traffic Management Corporation (RTMC) is the entity responsible for the learner’s licence test process in the … Read more
South Africa’s economy is entering a period of recovery as structural reforms in energy and logistics begin to take hold, according to Standard Bank Group. Chief economist Goolam Ballim projects the nation’s growth will reach 1.7% by 2027, outpacing the International Monetary Fund’s 1.3% forecast, as institutional capacity improves and infrastructure bottlenecks ease. Infrastructure Efficiency … Read more
The National Skills Fund (NSF) awarded R148 million to Wonderboom-based Flyfofa Aviation Training in 2024 to train residents from impoverished Gauteng schools, but later discovered the school inflated student flight hours to pocket an estimated R3,879,159.89, according to the NSF. Why did the NSF issue noncompliance letters to Flyfofa? The NSF issued noncompliance letters after … Read more
South African companies with extensive operations across the continent are facing mounting diplomatic and economic pressure as anti-immigrant protests trigger backlash in neighboring nations. More than 2,700 foreign nationals from countries including Ghana, Nigeria, Mozambique, and Malawi have returned home following reports of looting and violence, while regional governments are now considering retaliatory measures against … Read more
Mozambique could see its annual economy grow by as much as $11 billion (R183 billion) through the development of its natural-gas deposits, according to a report by Standard Bank Group and Conningarth Economists. The proposed Exxon Mobil Rovuma liquefied natural gas project is expected to boost the country’s economic growth to 4.1% once production begins … Read more