Jeremy Maggs on 25/06/2026

Business welcomes Sachs appointment as reform momentum builds

‘He'll no doubt be able to use his authority, given his proximity to the president, and the influence that he'll be able to bring to bear with regard to economic policy in the months ahead,’ says Martin Kingston, CEO of Business for South Africa.

J Jeremy Maggs
Antony Sguazzin and Prinesha Naidoo, Bloomberg on 25/06/2026

Johannesburg adds 700 managers as city struggles to pay bills

Since Godongwana sent his letter on April 23 to Morero the city has been in talks with the National Treasury about its financial management.

A Antony Sguazzin and Prinesha Naidoo, Bloomberg
Sidhartha Shukla, Bloomberg on 25/06/2026

Bitcoin’s $10bn options expiry risks deepening selloff

Bitcoin dipped below $60 000 in New York trading Wednesday to $59 023, its lowest since October 2024, and was at $60 800 at 12:30 p.m. Thursday in Singapore.

S Sidhartha Shukla, Bloomberg
Simon Brown on 25/06/2026

Real take-home pay at a two-year low

‘I think we're going to see more of that sort of luxury spending still under pressure in the second half of the year and more of a focus on the essential spending’ – Independent economist Elize Kruger.

S Simon Brown