Wednesday, 5 August 2026

JSE rose strongly as resource shares, especially gold miners, offset weakness in industrials and financials; David Shapiro linked the move to lower oil, softer rates and a weaker dollar.

The Public Investment Corporation’s CEO reinstatement was called procedurally unsurprising, but the board was warned to follow due process on outstanding whistleblower issues and overhaul governance.

Sub-Saharan Africa is expected to add almost 30 gigawatts of solar, wind and battery capacity by 2030, with off-grid hybrid systems seen as the likely model: solar for light loads, gas for heavy use.

Dangote Petroleum’s planned listing was framed as potentially Africa’s biggest IPO, with a possible valuation near $40 billion and a case for a Johannesburg secondary listing if paperwork and due diligence hold.

South Africa has been hit with a 12.5% tariff under the US forced-labour investigation, but the Department of Trade, Industry and Competition is pushing for exemptions for sectors like platinum, citrus, wine and nuts.