Tuesday, 29 September 2026

South Africa shed 95,000 jobs between June 2025 and June 2026, while youth unemployment reached 47.4%, with structural weaknesses and skills mismatches worsening the outlook.

British International Investment will commit $10 billion through 2030, with more than half earmarked for Africa and $65 million targeting financial markets in Zambia and Zimbabwe.

European banks are retreating from Africa amid weaker profitability, volatility and rising compliance costs, creating openings for African, Gulf and Middle Eastern banks and fintechs.

Residential property transactions declined across almost every province as higher inflation and interest rates reduced purchasing power; Gauteng accounted for almost half of RE/MAX sales.

Markets recovered some losses as investors bought weaker mining shares, but US bond yields above 5% and oil above $100 a barrel continued to unsettle equities.