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Breaking News Today – Thursday 13 November 2025
Business News Today South African Rand hits 22-Month High The South African rand briefly strengthened to around 17.1 per USD, hitting its highest since January 2023, following the presentation of the country's mid-year budget review. Finance Minister Enoch Godongwana's statement revealed an improvement in fiscal outlook, despite projected slower growth this year and next. Stronger
Vodacom and Starlink Partner to Boost Africa’s Connectivity
Vodacom Group has announced an agreement with Starlink, the world’s largest satellite broadband provider, to deliver high-speed, low-latency internet to millions of businesses and rural communities across Africa. The partnership marks a decisive step toward bridging the continent’s digital divide and fostering inclusive economic growth, innovation, and education. By integrating Starlink’s satellite backhaul into Vodacom’s
Airtel Africa and Nokia Expand Fiber Network Across Central and East Africa
Airtel Africa has partnered with Finnish technology company Nokia to deploy a high-capacity fiber optic network across Central and East Africa. The project, managed by Airtel’s wholesale fiber subsidiary Telesonic, aims to boost regional connectivity and handle the continent’s rising data traffic. The project was unveiled during the 28th AfricaCom conference in Cape Town, marking
Highlights from the 2025 Medium-Term Budget Policy Statement Today
Finance Minister Enoch Godongwana, has just completed presenting the MTBPS in Parliament on November 12, 2025, provided a reasonably upbeat tone despite the forecast of continuing, low economic growth challenges. Key Highlights: The speech emphasized fiscal discipline, growth acceleration, and inclusive reforms under the GNU. Key Responses from Industry, Corporate Leaders, and Economists Initial reactions
BAIC Gears Up for Full SA Local Assembly of B30 SUV in 2026
Beijing Automotive Group (BAIC) South Africa will start assembling its newly launched B30 off-road SUV at its Eastern Cape factory as early as January, the company’s Chief Financial Officer announced. This move strengthens local vehicle production and supports South Africa’s automotive industrialization goals. Chinese Automakers Eye Africa for Growth Amid fierce price wars in their
Equinix to Launch $22 Million Data Center in Lagos by 2026
U.S.-based digital infrastructure giant Equinix has unveiled plans to establish a new $22 million data center in Lagos, Nigeria, marking a major milestone in its African expansion strategy. The facility, named LG3, is expected to go live in the first quarter of 2026, catering to the surging digital infrastructure needs of businesses driving Nigeria’s and
Lessons from Lean African Entrepreneurs on Managing Uncertainty
Among the incongruence one discovers in the tapestry of Africa’s entrepreneurship, lean entrepreneurs emerge as quiet architects of resilience thriving not in abundance, but in constraint. In a continent where economic volatility, currency fluctuations, and policy shifts are part of daily reality, these innovators have mastered the art of building adaptable, efficient, and purpose-driven businesses.
Cape Town's Job Surge: Policy Wins, Migration Magnetism, or Just Good Vibes? Lessons for SA's Struggling Metros
Cape Town's latest quarterly jobs report, released November 11, 2025, underlines a tale of two South Africas. While the national unemployment rate ticks toward 34%, exacerbated by Q3's sluggish 0.3% GDP growth and persistent structural woes, the Mother City added 40,000 jobs in Q3 alone, the highest among metros, pushing year-on-year gains to 70,000 and
Breaking News Today – Wednesday 12 November 2025
Business News Today Global EV Sales See Growth While US EV Sales Fall Global sales of fully electric and plug-in hybrid vehicles rose by 23% in October to 1.9 million units, driven by strong demand across major markets, according to a report released by market research firm Rho Motion today. Europe sales were the market
TNM Launches Major Initiatives on 30th Anniversary
Telekom Networks Malawi (TNM) has rolled out a series of strategic initiatives aimed at strengthening its network and improving service quality, coinciding with its 30th year of operations. The company has already invested over 1 trillion Malawian kwachas (about $577.5 million) in expanding network infrastructure, upgrading technology, and modernizing operations. Expanding Connectivity Nationwide CEO Michel
Mercedes-Benz South Africa CEO-Designate Steps Down
Mercedes-Benz South Africa has announced that CEO-designate Abey Kgotle is resigning due to personal reasons, less than a month before he was scheduled to assume the position. Kgotle, who has been with Mercedes-Benz South Africa since 2017, was appointed in June to succeed Andreas Brand as head of the company’s South African operations. Brand, originally
Finance and Equipment Challenges for African Mining MSMEs
Among the intricate threads of Africa’s economy, mining-linked Micro, Small, and Medium Enterprises MSMEs quietly stand out, weaving resilience, innovation, and opportunity into the continent’s mineral value chain. These businesses supply critical services equipment maintenance, logistics, safety gear, and mineral processing yet, despite their centrality, they face persistent barriers that constrain their growth. Access to
Spendl Money: Bridging Crypto and Everyday Spending in South Africa
Spendl Money, launched on October 29, 2025, by the team behind Cardware Wallet (Africa's first air-gapped hardware wallet), have introduces a licensed crypto-to-fiat debit card tailored for South Africans. As an authorized Financial Service Provider, it allows users to deposit up to 12 cryptocurrencies (e.g., BTC, ETH) from wallets or exchanges, convert to ZAR with
South Africa Deepens Digital Infrastructure with Teraco CT2 Expansion
Teraco, a subsidiary of Digital Realty, has strengthened South Africa’s role in Africa’s fast-evolving digital economy through the expansion of its CT2 hyperscale data centre in Cape Town. The upgraded facility now delivers an IT load of 50 megawatts, providing the power to run tens of thousands of servers simultaneously a critical boost for cloud
Rail Investments in Africa: The Iron Backbone of Trade and Economic Revival
On a continent where logistics costs are devouring up to 18% of GDP, double the global average, Africa's rail networks are staging a long-overdue and a most welcome comeback. Released today by Terrapinn ahead of Africa Rail 2026, the Africa Rail Market Report paints a vivid picture of this resurgence, projecting a $50 billion market
Breaking News Today – Tuesday 11 November 2025
Business News Today Bank of America Downgrades Nvidia Amid AI Hype Skepticism Bank of America has slashed its Nvidia price target from $180 to $150, citing overblown AI infrastructure spending and potential demand slowdowns in 2026. Shares dipped by 1.2% in pre-market trade, erasing last week's 5% rally. BofA's Vivek Arya has warned that hyperscalers
No Free Lunch Podcast – The Journey of a Young Entrepreneur – Mamello Mofokeng Interview
In This episode of No Free Lunch, Host Greg Stewart chats with Mamello Mofokeng, founder and CEO of IT company Saturated. Its a great conversation about the journey of an entrepreneur and Mamello shares her journey from a small-town upbringing to becoming a leading young Women leader in South Africa's tech industry. Despite her background
Competency Based Training for Technological Transitions in African Mining
African mining is navigating a wave of technological disruptions that have transformed how minerals are extracted, managed, and processed. In South Africa, advanced automation streamlines platinum and gold operations, while Ghanaian gold mines increasingly adopt drones and real-time monitoring systems. Guinea’s bauxite and Botswana’s diamond industries leverage predictive maintenance and digital tools to enhance efficiency
Telecel Zimbabwe Completes Corporate Rescue Amid Telecom Sector Challenges
Telecel Zimbabwe, the country’s third-largest mobile operator, has successfully completed corporate rescue proceedings, a legal mechanism that will enable the financially distressed company to continue operations under judicial protection. This comes after years of commercial and technological decline, which had severely weakened the company’s financial position and its ability to meet obligations to creditors. The
Designing Digital Services for SMEs in Low-Connectivity Environments
Across emerging markets, Small and Medium Enterprises (SMEs) are increasingly turning to digital tools to improve efficiency, expand market access, and streamline operations. However, many of these enterprises operate in areas where internet access is unreliable, expensive, or entirely unavailable. For such businesses, digital transformation remains a distant goal, as most online platforms are designed