Business Report

25/06/2026

Today's edition of Business Report is ready for you to read, make sure you get yourself a copy! You can also catch up on the latest business news throughout the day by visiting our website: businessreport.co.za

24/06/2026

Chinese automotive brands are rapidly reshaping South Africa’s vehicle market, capturing nearly one in every five new passenger and light commercial vehicle sales and emerging as one of the most significant competitive forces in the country’s automotive sector.

Chinese automotive brands are rapidly gaining market share in South Africa, capturing nearly 20% of new vehicle sales. This article explores their impressive growth, evolving consumer preferences, and the implications for traditional manufacturers.

24/06/2026

Anglo American and Codelco have completed the Los Bronces - Andina agreement, paving the way for 2.7 million tons of additional copper production - environmental permits are still outstanding.

Anglo American and Codelco have reached a significant agreement to enhance copper production in Chile, pending environmental permits, amidst concerns over sustainability and community impacts.

24/06/2026

South African airline LIFT has expanded its digital offering by introducing Apple Pay, Google Pay and cryptocurrency payments, giving travellers more flexibility when booking flights online.

From digital wallets to crypto, LIFT is changing how South Africans pay for flights as consumer demand for faster and more flexible payment solutions grows.

24/06/2026

KwaZulu-Natal's tourism industry is anticipating a strong July school holiday season, with more than 920,000 visitors expected to travel to the province and spend close to R1.9 billion, according to the KZN Tourism and Film Authority.

KwaZulu-Natal is gearing up for a record-breaking July holiday season, with over 920,000 visitors expected to generate nearly R1.9 billion in tourism expenditure, showcasing the province's resilience and appeal as a top travel destination.

24/06/2026

Construction of the R8 billion Phase 1 of the Cape Winelands Airport, being co-developed in a partnership with JSE-listed Growthpoint Properties, and which will become Cape Town’s second major international gateway, is expected to start this year.

Growthpoint Properties announces a strategic partnership to co-develop the R8 billion Cape Winelands Airport, set to become Cape Town's second major international gateway, with construction expected to start later this year.

24/06/2026

The City of Johannesburg is facing mounting financial, governance and service delivery challenges that threaten its ability to fulfil its role as South Africa’s economic powerhouse, Auditor-General Tsakani Maluleke has warned.

Auditor-General Tsakani Maluleke warns that Johannesburg's financial governance is deteriorating, with significant challenges in service delivery and accountability threatening the city's role as South Africa's economic hub.

24/06/2026

Nedbank Group earnings guidance for 2026 remains on track even though geopolitical tensions and trade disruptions have weighed on confidence and investment through the first five months of the year.

Nedbank Group's latest earnings guidance for 2026 reflects resilience amid geopolitical tensions and trade disruptions, with mixed economic indicators in South Africa influencing its outlook.

24/06/2026

South African Reserve Bank (Sarb) Deputy Governor, Rashad Cassim, has highlighted the crucial role of financial markets and the government bond yield curve in shaping monetary policy.

Rashad Cassim, Deputy Governor of the South African Reserve Bank, highlights the importance of financial markets and the government bond yield curve in shaping monetary policy, while discussing recent improvements in inflation and fiscal stability.

24/06/2026

South Africa’s citrus industry has revised its lemon export forecast sharply upward for the 2026 season, buoyed by favourable weather conditions, improved fruit development and stronger-than-expected production across key growing regions.

The Citrus Growers’ Association of Southern Africa has revised its lemon export estimates for the 2026 season upwards, citing favourable growing conditions and effective logistical management, despite challenges posed by recent floods.