Mail & Guardian
Mail & Guardian
absalatest news & developments
The M&G understands that the IDC has spent over R54 million in the last three years on various law firms just on ER matters alone.

Exclusive: Club Med deal exposes IDC governance failures

Allegations of governance failures have emerged over the IDC’s involvement in a R2.1bn Club Med Tinley leisure development

Risk response: When single women dominate the first-time buyer market in a country with chronic
unemployment and rising living costs it tells us that traditional safety nets have failed. Photo: Freepik/AI

Single women lead home buying

Many of them buy for control over their own lives and protection rather than prestige. That’s worrying

South Africa’s economy expanded by 0.8% during the second quarter of 2025, following a marginal increase of 0.1% during the first quarter.

Competition Competition has no evidence of rand manipulation, banks say

The commission says the case highlights the difficulty of prosecuting global and domestic cartels that exploit legal loopholes to delay proceedings

Empowering South African SMEs: Brand SA’s London Investment Week Initiative

The platform allowed the small businesses to pitch for funding, connect with potential partners and showcase their work to a global audience

Absa’s chief executive Arrie Rautenbach has agreed to take early retirement after discussions with the board

Absa head Arrie Rautenbach to step down after two years at the helm

Rautenbach’s appointment to replace Daniel Mminele was criticised by those who saw it as a setback in racially transforming the bank

File photo: Khaya Koko

No work done — but City Power blew R93.7m

The state claims that employees colluded in widespread fraud involving a substation project

Imtiaz Suliman, Head of Shari’ah, Sentio Capital Management

The practical, religion-agnostic world of Shari’ah financial services

A differentiated segment of financial solutions available to all consumers

In the second quarter of 2025, unemployment edged up to 33.2% in the second quarter of 2025 from 32.9% in the previous quarter, while of the 10.1 million people aged 15 to 24,  35.2% were not in employment

2024 economy: Some relief after a rocky road

Last year was dismal on a number of fronts. And although things probably won’t get exponentially better, there is some hope on the horizon

DHL GradStar Awards 2023 – Top100

The ceremony was a momentous occasion to honour these students and celebrate their accomplishments

Jason Quinn. Photo supplied

Jason Quinn to take the reins from Mike Brown at Nedbank

Quinn served as Absa’s interim chief executive after Daniel Mminele’s sudden departure

A recent 1,900-mile journey from mines in Congo and Zambia shows how, a century after commercial mining began here, the worlds hunger for copper is again reshaping the region. Photographer: Zinyange Auntony/Bloomberg via Getty Images

Zambia’s economy is controlled by foreigners

After nearly six decades of independence the need for real change in the country hasn’t diminished

Development of the R15 billion Westown “green city” in Shongweni, west of Durban, is moving swiftly ahead with the construction of a high street retail town square and a R730 million upgrade to roads and infrastructure now well underway.

Shongweni’s R15bn ‘green city’ forges ahead

The retail phase of the development is underway, including a high street space with 300 trees

Finance Minister Enoch Godongwana. (Photo: Mlungisi Louw/Gallo Images)

Public purse sees tail end of mining tailwind

Mining windfall helped SA’s financial position, but lower revenues and additional spending will delay the end of fiscal consolidation

Move with the times and you’ll defeat inequality

Unemployment retreats slightly to 32.6%

Despite the economy recovering to its pre-pandemic level, South Africa’s jobless rate is still higher than it was at the beginning of 2020

(Phill Magakoe/Getty Images)

El Niño, the next inflation frontline

South Africa, and the world, seem to be emerging out of an inflation-induced economic malaise. But as the world heats up, so will prices

After more than 10 months of uninterrupted electricity supply for most of the country, Eskom has issued an alert indicating a high risk of load-shedding this weekend.
 (Leon Sadiki/Bloomberg via Getty Images)

Fearing three-week blackout, banks ramp up contingency plans

Steps have been taken to control money flow in the event of a temporary grid collapse

Financial manager up for scamming North West maize mill of R9.1m

Reginald Scholtz allegedly created bogus companies and paid himself in more than 61 transactions

Food prices jumped by 50% from September 2020 to September 2024 (Dwayne Senior/Bloomberg via Getty Images)

Manufacturing output down 5.2% in February, says Stats SA

The report shows the production of food and beverages was the biggest contributor to the decrease in factory output

Sasfin told Al Jazeera it was taking vigorous action against suspended and former employees and clients of its foreign exchange unit. Photo: Supplied

Staff at Standard Bank, Absa and Sasfin implicated in money laundering

Al Jazeera reported that employees at the top South African banks were paid bribes to launder money for gold smugglers

Jason Foster is a co-director of the same company as Richard Marsden.

How R31.5 million was stolen from FNB and Rand Merchant Bank clients

British citizen Richard Marsden apparently orchestrated the defrauding of clients at FNB, Absa and Rand Merchant Bank