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National Treasury has rejected a request by the Gauteng Provincial Government for a waiver of the R3.3 billion interest payment on the province’s 30% contribution towards the South African National Roads Agency (Sanral) Gauteng Freeway Improvement Project (GFIP) e-toll debt. However, it approved a request for the province to borrow R4.1 billion for road maintenance …
South Africa is “definitely” getting an extension on its driver’s licence validity period from five to eight years. This was stated by Director-General Mathabatha Mokonyana, who informed the Parliament’s Select Committee on Public Infrastructure and the Minister in the Presidency that a decision had been made. “We have just concluded, although it took a little …
Malcolm Libera ·5 Dec 2025 Major property developers Pareto and Divercity Urban Property Group have started a project to turn offices in Menlyn Office Park into residential apartments. The R850 million development shows how sharply demand has shifted in South Africa’s property market towards residential opportunities. Office space in many areas continues to sit empty, …
President Cyril Ramaphosa has hailed the launch of Sasol’s new Integrated Processing Facility (IPF) in Inhassoro, Mozambique, as a landmark achievement in regional energy cooperation and a catalyst for long-term economic development. The IPF was officially launched during the 4th Mozambique–South Africa Bi-National Commission, with President Ramaphosa describing the facility as the product of years …
South Africa’s communications regulator has published draft amendments to the Official List of Regulated Standards for Technical Equipment and Electronic Communications Facilities Regulations. The draft amendments propose updating some existing standards while introducing new ones, with a primary focus on satellite equipment. The Independent Communications Authority of South Africa (Icasa) published the changes in a …
Three South African banks and one major payments facilitator have reported consumers increasingly using digital wallets and virtual cards over Black Friday 2025. Digital wallets allow users to link their card details and transact online or in-store. For in-person payments, the card is linked to a smart device like a phone or smartwatch. These must …
Construction started in 2011 on a new taxi rank for Thohoyandou
The Trump administration is poised to undo Biden-era fuel efficiency standards it blames for driving up the cost of new cars, according to people familiar with the matter. Executives from Detroit’s major automakers, including Stellantis Chief Executive Officer Antonio Filosa, are slated to attend a White House announcement of proposed fuel economy standards Wednesday, said …
Government of the Republic of South Africa launches Reconciliation Month 2025, deepening the national commitment to unity, healing, social cohesion and nation-building South Africa officially launches the Reconciliation Month 2025 campaign this month, with this year’s national commemoration taking place on Tuesday, 16 December 2025 at the Ncome Museum, Nquthu Local Municipality, within the uMzinyathi …
The 2025 Group of Twenty (G20) Summit, held at the Johannesburg Expo Centre in South Africa from 22 to 23 November, was the first G20 summit to take place on the African continent. Throughout the event, the South African Air Force (SAAF) maintained a highly visible presence. South Africa significantly beefed up its security posture …
South Africa has pushed back firmly against recent criticism from the United States, making it clear the country will not bow to Washington’s demands. The spat comes after the US took over the rotating presidency of the G20, following its boycott of the last summit hosted by President Cyril Ramaphosa in Johannesburg. US Secretary of …
Malcolm Libera ·5 Dec 2025 Finance Minister Enoch Godongwana revealed that more than 500 companies could soon be barred from doing business with the state. This forms part of a wider effort by the government to crack down on corruption, fraud, and non-performance in public procurement. In a recent parliamentary Q&A, Godongwana said that 509 …
NEWS: The Springboks will start their 2026 season with a mouth-watering clash against England at Ellis Park in Johannesburg, when the newly established Nations Championship kicks off. SA Rugby confirmed the three venues for the July Tests on Thursday. The Test against England is on Saturday, July 4, and will be followed by encounters against …
The Department of Home Affairs will run extended operating hours from 8 to 19 December 2025 and from 5 to 16 January 2026, with offices closing at 18:00 instead of 16:00. This is to enable South Africans to obtain the necessary documents, including smart ID cards and passports. “Services offered during the extended hours will …
Municipality says the shacks are built unlawfully and bylaws need to be enforced
Portfolio committee’s recommendation must be confirmed by national assembly, and then Minister Parks Tau has the final say
NBA Africa (www.NBA.com) today announced the five prize-winning startup companies from the second edition of NBA Africa Triple-Double Accelerator (https://TripleDoubleAccelerator.NBA.com), which the league launched last year to support the continent's technology ecosystem and the next generation of African entrepreneurs.
The five winning companies – 1) Reborn (Morocco), 2) Fitclan (Egypt), 3) Athlon Technology (Egypt), 4) Atsur (Nigeria) and 5) Songdis (Nigeria) – were awarded financial support and the opportunity to join Carnegie Mellon University Africa's (CMU-Africa) 12-month Business Incubation Program as part of its Innovation Hub, which helps African tech startups transform proof-of-concept prototypes and preliminary market assessments into scalable, market-ready products and services (valued at up to $70,000). The top three companies also each received $10,000 in Application Programming Interface (API) credits and an immersion day with the OpenAI engineering team at OpenAI's headquarters.
The 10 finalists, which were selected from more than 700 applicants across 32 African countries, pitched their products to a panel of international industry leaders at a Demo Day today at CMU-Africa in Kigali, Rwanda. The judges were CMU-Africa Director Dr. Conrad Tucker, OpenAI Africa Lead Emmanuel Lubanzadio, and ServiceNow Africa Vice President & Managing Director Cheick Camara and Head of Strategy & Operations Nikki van Gasse.
The Demo Day was supported by CMU-Africa, ServiceNow and OpenAI. ALX Ventures once again served as the Official Operating Partner of the program in its second year. Together, the partners are contributing distinct expertise to strengthen the support for early-stage African startups.
Below are the five winning companies:
“We continue to be amazed by the creative, talented and passionate entrepreneurs who participate in NBA Africa Triple-Double Accelerator,” said NBA Africa CEO Clare Akamanzi. “The 10 finalists and five prize-winning companies differentiated themselves through their bold and innovative solutions that are shaping the future of sport and entertainment in Africa. The support they receive from this program will help them scale their products and make a lasting impact on the continent and globally.”
Distributed by APO Group on behalf of National Basketball Association (NBA).
Contact:
Chumani Bambani
NBA Africa Communications
cbambani@nba.com
+27 65 548 1031
About NBA Africa:
NBA Africa is an affiliate of the National Basketball Association (NBA), a global sports and media organization with the mission to inspire and connect people everywhere through the power of basketball. NBA Africa conducts the league's business in Africa, including the Basketball Africa League (BAL), and has opened subsidiary offices in Cairo, Egypt; Dakar, Senegal; Johannesburg, South Africa; Lagos, Nigeria; and Nairobi, Kenya. The league's efforts on the continent have focused on increasing access to basketball and the NBA through youth and elite development, social responsibility, media distribution, corporate partnerships, NBA Africa Games, NBA Stores, the BAL, and more.
NBA games and programming are available in all 54 African countries, and the NBA has hosted three sold-out exhibition games on the continent since 2015. The BAL, a partnership between the International Basketball Federation (FIBA) and NBA Africa, is a professional league featuring 12 club teams from across Africa that concluded its fifth season in June 2025. Fans can follow @ NBAAfrica on Facebook and YouTube, @ nbaafricaofficial on Instagram, @ NBA_Africa on X, and @ theBAL on Facebook, Instagram, X and YouTube.
Prison escape trial, originally set down for February 2025, postponed to July 2026
Nairobi, Kenya – Latitude59, the flagship startup and tech event from Estonia, which also hosts international editions in Singapore and […]
South Africans are learning to live and thrive in a financially uncertain world. The latest TransUnion Consumer Pulse Study (Q2 2025) shows that while 39% of households expect they may miss at least one bill or loan payment, many are actively reshaping their habits to build financial resilience.
Encouragingly, 31% of consumers are paying down debt faster, 24% are boosting emergency savings, and 37% plan to increase their retirement or investment contributions. These trends suggest that South Africans are not only reacting to pressure, but they are also taking proactive steps to protect their financial futures.
Ayesha Hatea, director of research and consulting at TransUnion South Africa shares some tips and tricks to help you manage debt and interest rates more effectively in 2025:
1. Pay Off High-Interest Debt First
The study highlights that more consumers are accelerating debt repayment and for good reason. Credit cards and personal loans often carry the highest interest rates when looking at consumers with multiple products in their wallet.
“In a high-interest environment, every rand you pay off today saves you from paying more interest tomorrow,” says Hatea
Tip: List your debts and focus on paying off the ones with the highest rates first, while keeping up with minimum payments on the rest.
2. Be Strategic About Borrowing
Access to credit remains crucial. 92% of South Africans believe it’s important for achieving their goals. Yet only 36% intend to apply for credit in the next year, reflecting caution amid high borrowing costs and income uncertainty.
If you do borrow, make it purposeful. The study found that demand is strongest for credit cards (30%), personal loans (28%), and Buy Now, Pay Later services (25%) but remember, these are all unsecured products that can quickly become costly if not managed well.
Tip: Compare interest rates, fees, and repayment terms before taking on new credit. Avoid unnecessary borrowing for short-term wants when rates are high or if you aren’t sure you’ll be able to make the necessary repayments.
3. Build a Safety Net, Even Small Steps Count
Nearly one in four consumers (24%) increased contributions to emergency savings or stokvels in Q2. In addition, 37% plan to grow their retirement or investment savings in the coming months.
Tip: Start with a modest, consistent contribution to an emergency fund, even R200 a month can create a buffer that reduces reliance on credit when life throws curveballs.
4. Strengthen Your Financial Awareness
The study shows that 70% of South Africans check their credit reports at least quarterly, with Gen Z and Millennials leading the way. Those who actively monitor their credit tend to feel more confident and have a better understanding of their overall financial commitments.
Tip: Check your credit report regularly, track your score, and make sure all information is accurate. Awareness is power when it comes to negotiating better credit terms.
5. Protect Yourself Against Digital Fraud
Fraud remains a real risk with 58% of South Africans saying they were targeted by scams in Q2, and 13% fell victim. Younger generations are more likely to adopt safeguards like multi-factor authentication, but 21% of consumers took no action at all.
Tip: Use strong, unique passwords, enable two-factor authentication, and monitor your accounts for unusual activity. Protecting your identity is just as important as protecting your money.
The Bottom Line
The TransUnion Consumer Pulse Study shows that while many households remain under pressure, South Africans are becoming more selective in how they spend, strategic in how they borrow, and vigilant in how they protect themselves.
“Resilience comes from balance: focus on responsible spending and borrowing, reduce costly or unsustainable debt, and build savings to protect against future shocks,” Ayesha concludes.
By taking small, deliberate steps today, households can better manage debt and interest rate uncertainty and build financial stability for tomorrow.
As South Africa counts down to the holidays, most industries are winding down for the year. But retail is doing the opposite. While other sectors move toward closure and rest, retail accelerates. Stores extend hours. Customer volume surges. The strain builds before the season even begins. This contradiction reveals something essential about peak season that …
The African Energy Chamber (AEC) (https://EnergyChamber.org) strongly supports Eco Atlantic's newly announced Strategic Partnership with Navitas Petroleum, which stands to reinvigorate exploration activity across Southern Africa and reinforce investor confidence in the continent's most prospective offshore basins. Signed on December 3, 2025, the framework and option agreements mark a major step forward in aligning financial strength, technical capability and long-term vision to advance high-impact opportunities in South Africa's Orange Basin.
Navitas' initial $2 million payment grants exclusive farm-in options for both Block 1 CBK in South Africa and the Orinduik Block offshore Guyana, underscoring the breadth of the strategic alliance. At Block 1 CBK – where Eco currently holds a 75% operated interest through its subsidiary Azinam South Africa – Navitas' $4 million option, if exercised within the six-month window, would see the company assume operatorship and secure up to a 47.5% working interest. Eco would be fully carried through the exploration work program under a gross $15 million carry.
Block 1 CBK lies within the Orange Basin, one of the most sought-after petroleum frontiers today. Following major discoveries offshore Namibia and renewed momentum on the South African side of the basin, investor appetite is surging. Yet early-stage opportunities still require companies willing to commit real resources, rigorous technical work and operational depth. The AEC views Navitas' willingness to enter as a clear indication of confidence in the basin's long-term potential.
“This partnership is a strong vote of confidence in South Africa's upstream potential. Eco Atlantic has been a committed explorer for more than a decade, and Navitas brings technical excellence and financial capacity that can accelerate drilling and unlock long-awaited exploration activity. This is exactly the type of collaboration Africa needs – bold, well-funded, and focused on execution,” states NJ Ayuk, Executive Chairman of the AEC.
In addition to the direct potential for Block 1 CBK, the agreement includes provisions for Navitas to participate in Eco's broader African portfolio, including a possible 25% stake in PEL97, PEL99 and PEL100 offshore Namibia, as well as in Azinam Limited's Block 3B/4B offshore South Africa. This multi-asset alignment signals a long-term commitment to the continent, ensuring that exploration momentum is sustained across multiple licenses rather than concentrated on a single prospect.
For South Africa, the timing could not be better. The country is seeking to reduce its dependence on imports, stabilize its electricity supply and develop domestic energy value chains. Accelerated upstream activity is essential to achieving these goals. The AEC has repeatedly emphasized that South Africa must convert prospective geology into producing assets, and partnerships like Eco–Navitas are critical pathways toward that outcome.
The Chamber also supports the financial mechanisms built into the partnership. Eco's carry under both the Block 1 CBK Option and the Orinduik Option in Guyana demonstrates a pragmatic approach to risk allocation that enables smaller independents to participate meaningfully in high-impact drilling campaigns. Such structures should be encouraged across the African exploration landscape, as they reduce barriers to entry and strengthen the overall competitiveness of the region's upstream sector.
Eco Atlantic's leadership, including CEO Gil Holzman, has consistently demonstrated unwavering commitment to African frontiers. With Navitas joining as a potential operator, the Orange Basin gains another capable player ready to move assets forward at pace. As the partnership advances, the AEC encourages swift regulatory facilitation to ensure drilling progresses without delay. The continent's energy future depends on ambitious exploration, pragmatic partnerships and a clear commitment to investment, with the Eco–Navitas alliance embodying all three.
Distributed by APO Group on behalf of African Energy Chamber.
Why Leadership Hiring Demands More Than a Quick CV Hunt In each organisation, there are moments that shape the next decade. A major acquisition. A new strategy. A shift in culture. And, invariably, a leadership appointment that either accelerates the business forward… or quietly unravels much of what has been built, writes Jeremy Bossenger of …
Mr Mark Alexander, the President of SA Rugby, expressed immense pride and gratitude at the end of what has been a very good year for South African rugby during the General Meeting held in Cape Town on Friday. Lauding the collective strength of the organisation, Mr Alexander thanked all stakeholders for their roles in making …