Shoprite’s Usave brand has rapidly expanded into South Africa’s informal economy and plans to deepen its presence in townships and rural areas in the coming years. South Africa’s informal economy is extremely lucrative and has caught the eye of larger, established businesses for over a decade. Many have tried to expand into the sector and have burnt their fingers in the process, as it is a very unique market that is hard to penetrate. The

Forty-one (41) of the country’s 257 municipalities (~16%) are currently under administration, up from the 32 reported at the beginning of 2024. This was outlined by Minister of Cooperative Governance and Traditional Affairs (CoGTA) Velenkosini Hlabisa in response to recent question posed to him in Parliament by ANC’s Annah Gela. The responsibilities of municipalities include effectively organising and executing their administration, budgeting, and planning to prioritise the community’s fundamental needs and support social and economic

Two of the largest shopping malls in South Africa, Fourways Mall and Brooklyn Mall, have suffered significant declines in vacancy rates. Brooklyn Mall is 75% owned by Growthpoint Properties, the largest South African real estate investment trust (REIT) listed on the JSE. Growthpoint’s results were disappointing. The REIT saw its net asset value per share decline by 6.1% to 2,020 cents per share. One of its worst performers was Brooklyn Mall, whose vacancy rate shot

Johannesburg, South Africa’s economic hub and largest city, has been on a downward spiral regarding basic service delivery, creating a stark contrast between its status as the wealthiest city in the country and the deteriorating conditions residents face. As South Africa’s financial epicentre, Johannesburg boasts the headquarters of numerous multinational corporations, critical financial institutions, and the largest stock exchange in Africa, the Johannesburg Stock Exchange (JSE). Despite its affluence and being home to an elite

Three top South African companies – MultiChoice, Cell C, and the South African Post Office – are technically insolvent. A company is technically insolvent when its liabilities outweigh its assets. In this situation, the company has negative equity. A technically insolvent company cannot settle all its liabilities if all its assets are liquidated. This means drastic measures are needed to improve the balance sheet. Although technical insolvency does not mean a company is bankrupt, it