Monday, 14 September 2026

Omnia’s board backed India’s Sola Group’s proposed R21.8 billion all-cash acquisition, saying it would accelerate global growth while retaining South African production facilities, jobs and investment.

DBSA reported record profit above R7.8 billion, up from R5.3 billion, supported by asset quality, R20 billion in disbursements and strong collections despite geopolitical and municipal pressures.

South African vehicle sales rose 15.8% year on year, while Chinese brands captured 22.4% of passenger and light commercial sales; consumers are prioritising affordability, warranties and total ownership costs.

Healthy soil moisture, dam levels near 95.5% and high grain stocks provide South African agriculture with a buffer against El Niño, although October-to-January rainfall and heat remain critical risks.

Dangote’s refinery IPO could raise more than US$2 billion to fund expansion towards 1.4 million barrels daily, but Nigeria’s reliance on imported crude remains a major policy concern.