RC 260902SAfm
Wednesday, 2 September 2026
Market Update focused on corporate results, Nedbank’s African expansion, tax-residency implications for retirement savings, and an entrepreneur’s lessons from building businesses across South Africa and America.
- 18:25
Nedbank received South African and Kenyan regulatory approval to pursue a 66% stake in NCBA Kenya, a transaction worth nearly R14 billion and exposing it to four faster-growing African markets.
- 18:18
Aspen reported 14% growth in normalised EBITDA and moved into a net cash position; its Mounjaro sales exceeded R1 billion, with generic semaglutide registrations under way.
- 18:43
South Africans who formally cease tax residency and spend three continuous years abroad can access retirement savings before 55, although funds are making the process difficult through paperwork and bureaucracy.
- 18:35
Cash Build reported R12.1 billion revenue and normalised operating profit of about R311 million, while planning more than 40 store openings over the next three to four years.
- 18:53
Entrepreneur Nick Miller said his Silicon Valley social-media company failed after R14 million in investment, but the experience helped him build Teach Me Too and Coachbit.