Tuesday, 15 September 2026

Kenya’s High Court declared Vodacom’s purchase of the government’s 15% Safaricom stake unconstitutional, ordering its return; Vodacom plans to appeal the ruling.

ATAC reported distributable income per share up 15.5% and its dividend 17.2%, with stronger occupancy, lower finance costs and sustainability investment supporting results.

South Africa’s major banks recorded combined headline earnings of R82.3 billion, up 9.3%, while higher fuel costs interrupted the consumer recovery and credit pressure varied by segment.

Cosatu’s 15th National Congress collapsed after unions withheld credentials and quorum was not reached; the federation must reconvene within 30 days to elect new leadership.

Roots Investments chairman Tabo Moloto warned that foreign funding for critical minerals could determine where processing and beneficiation happen unless South Africa controls exploration information and finances its own development.