RC 260824SAfm
Monday, 24 August 2026
South Africa’s market outlook was shaped by a stronger rand, surging electrified-vehicle sales, corporate restructuring, and proposed changes to electricity pricing.
- 18:14
The rand reached a five-month high near R16 to the US dollar, supported by carry-trade demand and roughly R25 billion in foreign purchases of South African government bonds.
- 18:53
South African electrified-vehicle sales rose 268% year to date, with 2,360 pure EVs and 5,851 plug-in hybrids recorded; BYD led reported EV sales.
- 18:47
Eskom’s proposed pricing-policy changes would unbundle electricity tariffs, separating energy, network, metering, billing, fixed and backup costs for all customers.
- 18:18
AdverTech reported enrolments up 13%, tertiary revenue up 17% and operating profit up 19%, while private education benefited from failures in the state sector.
- 18:28
Cell C said its restructuring had eliminated most debt, restored full control of its post-paid business and improved network quality ahead of further growth across prepaid, enterprise and MVNO operations.