Daily Maverick – Business

Daily Maverick – Business

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South African business, economy and policy.

PAPER VICTORY: CPS Ordered to Pay Sassa R81.3m, but the Balance Sheet Says, Good Luck
NewsApr 8, 2026

PAPER VICTORY: CPS Ordered to Pay Sassa R81.3m, but the Balance Sheet Says, Good Luck

South Africa's Constitutional Court ordered Cash Paymaster Services (CPS) to repay R81.3 million (≈ $4.3 million) to the South African Social Security Agency (Sassa). However, CPS entered liquidation with only about R51 million (≈ $2.7 million) in undisputed assets against R779 million (≈ $41.5 million) in proved claims, meaning...

By Daily Maverick – Business
PERSONAL FINANCE : You Can Take More Cash Offshore — but Tax and Timing Traps Still Lurk
NewsApr 8, 2026

PERSONAL FINANCE : You Can Take More Cash Offshore — but Tax and Timing Traps Still Lurk

The 2026 South African budget raised the single discretionary allowance (SDA) to R2 million per adult—about $106,000—removing the need for a SARS tax clearance. Couples can now move up to R4 million (~$212,000) offshore each year, and when combined with the foreign...

By Daily Maverick – Business
PERMIT PARALYSIS: How a Single Administrative Error Sparked 10 Months of Critical Medication Shortages in Eswatini
NewsApr 8, 2026

PERMIT PARALYSIS: How a Single Administrative Error Sparked 10 Months of Critical Medication Shortages in Eswatini

An administrative error in November 2023 led Eswatini’s Ministry of Health to suspend Fortunate Bhembe, the sole official authorized to sign import permits for controlled medicines. With no successor appointed, the country’s primary supplier, SwaziPharm, could not secure new imports,...

By Daily Maverick – Business
GEOPOLITICS: When Diplomacy Fails — the Disastrous Cost of the US-Israeli War on Iran
NewsApr 8, 2026

GEOPOLITICS: When Diplomacy Fails — the Disastrous Cost of the US-Israeli War on Iran

The United States and Israel launched coordinated airstrikes that killed Iran’s supreme leader and senior officials, abruptly ending a fragile nuclear‑negotiation track mediated by Oman. The attacks violated Article 2(4) of the UN Charter and U.S. congressional requirements, undermining the legal...

By Daily Maverick – Business
MUNICIPAL SERVICE CHARGES: City of Cape Town Hid Its Budget Details in 39 Annexures
NewsApr 6, 2026

MUNICIPAL SERVICE CHARGES: City of Cape Town Hid Its Budget Details in 39 Annexures

Cape Town’s 2026/27 draft budget, a $4.6 billion plan spread across 39 annexes, promises a record $2.1 billion infrastructure spend while touting modest rate relief. In reality, the residential rate‑in‑the‑rand formula drops 10.2%, yet rising property valuations push total rate revenue up 7% (about $50 million)....

By Daily Maverick – Business
THE BIG CLAWBACK: VBS Bank Autopsy - Court Judgment: If You Can't Explain the Cash, You Have to Pay It...
NewsApr 6, 2026

THE BIG CLAWBACK: VBS Bank Autopsy - Court Judgment: If You Can't Explain the Cash, You Have to Pay It...

Six years after more than R2 billion (~$105 million) was siphoned from VBS Mutual Bank, a Johannesburg High Court judgment orders the repayment of R17.29 million (~$0.9 million). The court found former traditional leader Toni Mphephu, his nephew Oscar Thobakgale, and related trusts liable...

By Daily Maverick – Business
AMABHUNGANE: Robert Gumede — Tongaat Hulett’s Not-so-Sweet Suitor
NewsApr 1, 2026

AMABHUNGANE: Robert Gumede — Tongaat Hulett’s Not-so-Sweet Suitor

Robert Gumede, the public face of Vision Sugar’s bid for distressed Tongaat Hulett Limited, is now entangled in a Special Tribunal case brought by South Africa’s Special Investigating Unit. The SIU alleges that Gumede’s nephew‑run firm Red Roses Africa overcharged...

By Daily Maverick – Business
PANIC AT THE PUMPS: Fuel Supply Woes Persist as Government Reassurances Fail to Ease Motorists’ Fears
NewsMar 30, 2026

PANIC AT THE PUMPS: Fuel Supply Woes Persist as Government Reassurances Fail to Ease Motorists’ Fears

The Fuels Industry Association of South Africa says overall fuel supply is stable but diesel is tight ahead of the April 1 2026 price adjustment. A planned shutdown of the Cape Town refinery, set for mid‑April, will rely on imports and is...

By Daily Maverick – Business
MISSING IN ACTION: AG Finds SANDF Can’t Keep Track of Military Assets as R823m Troop Deployment Begins
NewsMar 29, 2026

MISSING IN ACTION: AG Finds SANDF Can’t Keep Track of Military Assets as R823m Troop Deployment Begins

The South African Auditor‑General reported that the Department of Defence cannot locate many of its own movable assets, despite managing a $3.6 bn equipment base. This audit comes as the SANDF begins a $43 mn Operation Prosper deployment of about 2,200 troops...

By Daily Maverick – Business
VIDEO: Watch – How Cape Town's Municipal Bills Are Outrunning Its Middle-Class Residents
NewsMar 29, 2026

VIDEO: Watch – How Cape Town's Municipal Bills Are Outrunning Its Middle-Class Residents

Cape Town homeowners without income‑linked rebates are seeing municipal bills climb far faster than inflation and wage growth over the past decade. The surge stems from sharply rising property valuations and a suite of new fixed charges that didn’t exist...

By Daily Maverick – Business
THE WEEKEND WRAP: Winners and Losers in the Iran War, and Eugene De Kock as Ailing Witness
NewsMar 28, 2026

THE WEEKEND WRAP: Winners and Losers in the Iran War, and Eugene De Kock as Ailing Witness

The weekend wrap surveys the fallout from the Iran‑Israel conflict, flagging that no party truly wins as regional instability spikes. In South Africa, court appearances by Vusimuzi “Cat” Matlala and revelations of a Brian Molefe slush fund revive the state‑capture narrative,...

By Daily Maverick – Business
How Necropolitics Deepens the Crime and Inequality Crisis in Cape Town
NewsMar 26, 2026

How Necropolitics Deepens the Crime and Inequality Crisis in Cape Town

Cape Town’s housing crisis has intensified as gentrification and soaring property prices force Black and coloured residents from the City Bowl to the Cape Flats, deepening spatial segregation. The article applies Achille Mbembe’s necropolitics framework to argue that state policies and...

By Daily Maverick – Business
‘BLOODY SCARY’: Fire Chopper Crash Above Hout Bay Ends in Miraculous Escape
NewsMar 26, 2026

‘BLOODY SCARY’: Fire Chopper Crash Above Hout Bay Ends in Miraculous Escape

A yellow Huey firefighting helicopter operated by Kishugu Aviation clipped a cliffside above Hout Bay on March 25, flipped over and lost its rotors. The dramatic crash was captured on video, but pilot Mike Bothma escaped unharmed. The incident occurred...

By Daily Maverick – Business
Kim Meets Lukashenko as Russia Allies North Korea, Belarus Sign Friendship Treaty
NewsMar 26, 2026

Kim Meets Lukashenko as Russia Allies North Korea, Belarus Sign Friendship Treaty

North Korean leader Kim Jong Un and Belarusian President Alexander Lukashenko signed a Treaty of Friendship and Cooperation during Lukashenko’s first official visit to Pyongyang. The ceremony featured a 21‑gun salute, schoolchildren waving flags, and a military honor guard, underscoring...

By Daily Maverick – Business
Bus Falls Into River While Boarding Ferry in Bangladesh, Leaving 24 Dead
NewsMar 26, 2026

Bus Falls Into River While Boarding Ferry in Bangladesh, Leaving 24 Dead

A passenger bus carrying roughly 40 people capsized while attempting to board a ferry at Daulatdia in Bangladesh's Rajbari district, plunging about 30 feet (9 m) into the Padma River. Rescue teams recovered 22 bodies and confirmed 24 deaths, including women and...

By Daily Maverick – Business
Adolescents Are the Missing Middle Falling Through the Cracks of TB Care
NewsMar 25, 2026

Adolescents Are the Missing Middle Falling Through the Cracks of TB Care

Adolescents represent a hidden segment of the tuberculosis epidemic, with roughly 750,000 teens contracting TB worldwide each year and about 20,000 cases in South Africa alone. Because health data split patients into children or adults, teenagers fall between categories, leading...

By Daily Maverick – Business
Africa Needs to Build an Economic Architecture that Renders It Immune to US Extortion
NewsMar 25, 2026

Africa Needs to Build an Economic Architecture that Renders It Immune to US Extortion

A leaked U.S. State Department memo threatens to cut HIV aid for roughly 1.3 million Zambians unless the government grants American firms access to its copper, lithium and cobalt mines. The document frames the move as a direct “America First” extortion...

By Daily Maverick – Business
AGE OF ACCOUNTABILITY: Anti-Corruption Directorate Arrests 12 Police Officers over R360m ‘Cat' Matlala Contract
NewsMar 24, 2026

AGE OF ACCOUNTABILITY: Anti-Corruption Directorate Arrests 12 Police Officers over R360m ‘Cat' Matlala Contract

South Africa’s National Prosecuting Authority’s Independent Directorate Against Corruption (Idac) arrested 12 police officers for their role in a R360‑million (≈ $19 million) health‑services contract awarded to Vusimusi “Cat” Matlala’s company Medicare 24. The contract, covering wellness screenings and injury‑on‑duty assessments for the...

By Daily Maverick – Business
RADIO SILENCE: A Failure to Communicate: Nelson Mandela Bay Mayor in Parliament’s Crosshairs
NewsMar 24, 2026

RADIO SILENCE: A Failure to Communicate: Nelson Mandela Bay Mayor in Parliament’s Crosshairs

Parliament’s Portfolio Committee on Cooperative Governance and Traditional Affairs confronted Nelson Mandela Bay mayor Babalwa Lobishe after she failed to respond to at least six letters and multiple phone calls seeking audit results, contracts and forensic investigation details. The mayor’s...

By Daily Maverick – Business
TRC Roulette : Khampepe Inquiry: Former NPA Head Menzi Simelane Challenges Senior TRC Prosecutor’s ‘Scapegoating’
NewsMar 23, 2026

TRC Roulette : Khampepe Inquiry: Former NPA Head Menzi Simelane Challenges Senior TRC Prosecutor’s ‘Scapegoating’

Former senior TRC prosecutor Anton Ackermann publicly apologized to ex‑NPA head Menzi Simelane, admitting his earlier testimony may have mischaracterised Simelane’s involvement in Ackermann’s removal from TRC cases. The Khampepe Commission revealed a 2003 internal memo was later falsified to...

By Daily Maverick – Business
Slovenia Limits Fuel Purchases as some Pumps Run Dry
NewsMar 22, 2026

Slovenia Limits Fuel Purchases as some Pumps Run Dry

Slovenia has imposed daily fuel purchase caps—50 litres for private cars and 200 litres for companies—to curb shortages after a sudden demand spike. Prime Minister Robert Golob assured that national reserves are sufficient, but many stations remain closed, prompting the government to order...

By Daily Maverick – Business
JOBURG NEWSLETTER: Doja Cat to Jazz in the Lights – Your Joburg Weekend Gig Guide
NewsMar 20, 2026

JOBURG NEWSLETTER: Doja Cat to Jazz in the Lights – Your Joburg Weekend Gig Guide

Johannesburg’s weekend cultural guide highlights a star‑studded lineup, headlined by Grammy‑winner Doja Cat’s first South African concert at Sunbet Arena, with tickets ranging from R1,000 to R1,696. The city also hosts the Jazz In The Lights festival at the Johannesburg Zoo,...

By Daily Maverick – Business
Serbia Secures US Sanctions Waiver for Its NIS Oil Firm, Energy Minister Says
NewsMar 20, 2026

Serbia Secures US Sanctions Waiver for Its NIS Oil Firm, Energy Minister Says

Serbia secured a U.S. Treasury waiver extending sanctions relief for the Russian‑owned Naftna Industrija Srbije (NIS) until April 17, 2026, allowing continued crude oil imports amid the war on Iran. The waiver comes as Serbia imposed a ban on crude and...

By Daily Maverick – Business
UAE Says It Dismantled 'Terrorist Network' Funded by Iran, Hezbollah
NewsMar 20, 2026

UAE Says It Dismantled 'Terrorist Network' Funded by Iran, Hezbollah

The United Arab Emirates announced it has dismantled a terrorist network allegedly funded by Iran and Lebanon’s Hezbollah, arresting several operatives. The cell used a fictitious commercial front to launder money, finance terrorism and threaten national security. Lebanon’s foreign ministry...

By Daily Maverick – Business
MIDDLE EAST SPILLOVER: Don’t Call It a Fuel Crisis, but Prepare to Pay
NewsMar 19, 2026

MIDDLE EAST SPILLOVER: Don’t Call It a Fuel Crisis, but Prepare to Pay

South Africa is confronting an acute fuel supply shock after the Strait of Hormuz closure disrupted Middle‑East oil flows. The government assures no station shutdowns, yet industry‑level allocation bans have left diesel pumps dry in several provinces. A strategic petroleum...

By Daily Maverick – Business
DIPLOMATIC RELATIONS: No Ambassador, No Problem — SA’s Unorthodox Approach to the US
NewsMar 17, 2026

DIPLOMATIC RELATIONS: No Ambassador, No Problem — SA’s Unorthodox Approach to the US

President Cyril Ramaphosa has kept South Africa’s embassy in Washington without a formally appointed ambassador for over a year, opting to run the mission through Deputy Ambassador Thabo Thage as chargé d’affaires. Senior adviser Alistair Ruiters, based in Pretoria, has become the...

By Daily Maverick – Business
CYBERSECURITY: Gauteng Was Lucky with Latest 3.8TB Data Breach, but the Luck Will Run Out
NewsMar 17, 2026

CYBERSECURITY: Gauteng Was Lucky with Latest 3.8TB Data Breach, but the Luck Will Run Out

A ransomware‑as‑a‑service group called XP95 exfiltrated roughly 3.8 TB of data from the Gauteng Provincial Government, exposing over 3.6 million files of IDs, passports and résumés. The breach originated from an unsecured, internet‑facing scanner server rather than a phishing error. More than...

By Daily Maverick – Business
Trump Says NATO's Refusal to Help on Iran Is "Very Foolish Mistake"
NewsMar 17, 2026

Trump Says NATO's Refusal to Help on Iran Is "Very Foolish Mistake"

President Donald Trump criticized NATO allies for refusing to join the U.S.–Israeli military effort against Iran, calling the decision a “very foolish mistake.” He urged nations to help secure the Strait of Hormuz, where Iran’s attacks have threatened a key...

By Daily Maverick – Business
BUSINESS REFLECTION: After the Bell: Is This the Moment to Drill, Baby, Drill?
NewsMar 17, 2026

BUSINESS REFLECTION: After the Bell: Is This the Moment to Drill, Baby, Drill?

South Africa’s Mineral and Petroleum Resources Minister Gwede Mantashe announced plans to ease regulations and accelerate oil and gas drilling, including fracking, as global oil prices spike amid the Iran conflict. The move aims to reduce the country’s heavy reliance...

By Daily Maverick – Business
PATIENT CARE: National Health Laboratory Service System Out of Action, Causing ‘Massive Disruptions’ to Health Facilities
NewsMar 17, 2026

PATIENT CARE: National Health Laboratory Service System Out of Action, Causing ‘Massive Disruptions’ to Health Facilities

On 17 March the National Health Laboratory Service (NHLS) in South Africa lost access to its TrakCare information system after a power outage at its Johannesburg head office, revealing the absence of backup power. NHLS provides diagnostic pathology for over 80 %...

By Daily Maverick – Business
RETAIL SECTOR: Woolworths Bets In2food Can Unlock Offshore Growth Where David Jones Could Not
NewsMar 17, 2026

RETAIL SECTOR: Woolworths Bets In2food Can Unlock Offshore Growth Where David Jones Could Not

Woolworths announced a cash acquisition of 100% of prepared‑foods manufacturer in2food, a supplier that generates over R5 billion in annual revenue across ready‑meals, bakery and ambient lines. The deal is described as earnings‑, margin‑ and valuation‑accretive, and it secures Woolworths' largest...

By Daily Maverick – Business
CRYPTO IN THE SKY: SAA Passengers Get Another Way to Pay for Flights — Bitcoin
NewsMar 15, 2026

CRYPTO IN THE SKY: SAA Passengers Get Another Way to Pay for Flights — Bitcoin

South African Airways (SAA) has become the first major African carrier to embed Bitcoin payments directly into its booking platform, partnering with fintech Ozow and crypto‑bridge MoneyBadger. The checkout generates a Lightning Network QR code, instantly converting the digital asset...

By Daily Maverick – Business
ISS TODAY: Agoa Extension Offers Little Relief as US Trade Chaos Rattles African Exporters
NewsMar 13, 2026

ISS TODAY: Agoa Extension Offers Little Relief as US Trade Chaos Rattles African Exporters

The U.S. Congress extended the African Growth and Opportunity Act (Agoa) only until 31 December 2026, a modest reprieve after President Trump’s 2025 tariffs eroded its benefits. Tariffs imposed under the International Emergency Economic Powers Act and a new 10% surcharge under...

By Daily Maverick – Business
Poland's Tusk Vows to Use EU Defence Loans Despite President's Veto
NewsMar 13, 2026

Poland's Tusk Vows to Use EU Defence Loans Despite President's Veto

Poland’s president Karol Nawrocki vetoed a bill that would have unlocked €43.7 billion in EU Security Action for Europe (SAFE) loans, citing long‑term debt risks. Prime Minister Donald Tusk responded by promising to tap the same financing through existing armed‑forces funds,...

By Daily Maverick – Business
Trump Claimed in G7 Call that Iran Is "About to Surrender," Axios Reports
NewsMar 13, 2026

Trump Claimed in G7 Call that Iran Is "About to Surrender," Axios Reports

Former President Donald Trump told G7 leaders in a virtual meeting that Iran is "about to surrender," citing the ongoing U.S.-Israel Operation Epic Fury. He boasted that the campaign had eliminated a threat and dismissed Iranian leadership as "deranged scumbags."...

By Daily Maverick – Business
HEALTH INEQUITY: Red Cross Children’s Hospital Doctor Using Donated ‘Miracle’ Cystic Fibrosis Drug to Save Lives
NewsMar 13, 2026

HEALTH INEQUITY: Red Cross Children’s Hospital Doctor Using Donated ‘Miracle’ Cystic Fibrosis Drug to Save Lives

South Africa’s Red Cross Children’s Hospital is using donated Trikafta, a $300,000‑a‑year cystic fibrosis therapy, to keep seven‑year‑old Jaylin Leitjies alive after his lungs were severely damaged in infancy. The drug, produced by Vertex Pharmaceuticals, is not registered with SAHPRA...

By Daily Maverick – Business
WEATHERING STORMS: OUTsurance Says War May Bruise Growth, but Its Risk Engine Is Built for Turbulence
NewsMar 11, 2026

WEATHERING STORMS: OUTsurance Says War May Bruise Growth, but Its Risk Engine Is Built for Turbulence

Outsurance Holdings posted a 7.7% rise in normalised earnings to R2.324 bn for the six months to 31 December 2025, while its return on equity improved to 32.3%. The insurer’s claims ratio jumped to 58.6% as natural‑perils losses in Australia doubled, yet cost...

By Daily Maverick – Business
SUSTAINABLE DEVELOPMENT: From Scarcity to Ambition — Reimagining Global Health Strategies
NewsMar 11, 2026

SUSTAINABLE DEVELOPMENT: From Scarcity to Ambition — Reimagining Global Health Strategies

Traditional aid models are losing traction as funding shrinks and health needs grow, prompting a call for bold, sovereign leadership in global health. The High‑Level Council argues that ambition, not scarcity, should drive system design, emphasizing people‑centred, integrated services. Examples...

By Daily Maverick – Business
GROUNDUP: Joburg Residents Dispute Massive Electricity Bills as City Power Tackles Broken Billing System
NewsMar 10, 2026

GROUNDUP: Joburg Residents Dispute Massive Electricity Bills as City Power Tackles Broken Billing System

Johannesburg’s City Power assumed municipal electricity billing in July 2025 to address a decade‑long broken system and a R20‑billion deficit. The handover uncovered widespread meter errors, tariff misclassifications and unbilled accounts, prompting a city‑wide audit that recovered about R1.1 billion and...

By Daily Maverick – Business
Canada Says It Will Let TikTok Continue Operations in the Country
NewsMar 10, 2026

Canada Says It Will Let TikTok Continue Operations in the Country

Canada’s federal court overturned a 2024 order to dissolve TikTok’s Canadian business, allowing the short‑video app to continue operating. TikTok Canada has agreed to legally binding undertakings, including maintaining a physical presence, investing in Canada’s cultural sector, and deploying new...

By Daily Maverick – Business
Much of Iran's Near-Bomb-Grade Uranium Likely to Be in Isfahan, IAEA's Grossi Says
NewsMar 9, 2026

Much of Iran's Near-Bomb-Grade Uranium Likely to Be in Isfahan, IAEA's Grossi Says

The IAEA chief Rafael Grossi said Isfahan likely holds just over 200 kg of 60 % enriched uranium, the bulk of Iran's near‑bomb‑grade stock after the June attacks. Iran has not disclosed the current location or condition of this material, and inspectors...

By Daily Maverick – Business
STABILITY PAYS: Eastern Platinum Belt Peace Boosts Mining Output, Investment Confidence
NewsMar 8, 2026

STABILITY PAYS: Eastern Platinum Belt Peace Boosts Mining Output, Investment Confidence

Peace has returned to South Africa’s eastern platinum belt, ending three years of production losses at Northam’s Booysendal mine. From 2023 to 2025 the mine recorded zero output interruptions despite a lingering security incident count. A three‑pronged strategy—enhanced policing, joint...

By Daily Maverick – Business
TRC Roulette : Mbeki and Zuma: Two Presidents, One Commission and the Lawfare over TRC Accountability
NewsMar 8, 2026

TRC Roulette : Mbeki and Zuma: Two Presidents, One Commission and the Lawfare over TRC Accountability

Former presidents Thabo Mbeki and Jacob Zuma have petitioned the Gauteng High Court to remove retired Constitutional Court judge Sisi Khampepe as chair of the commission investigating political interference in Truth and Reconciliation Commission prosecutions. They argue her prior roles on...

By Daily Maverick – Business
ANALYSIS: Trump Tariff Snotklap Is a Jolt of Note for SA’s Economy
NewsFeb 24, 2026

ANALYSIS: Trump Tariff Snotklap Is a Jolt of Note for SA’s Economy

The US Supreme Court rebuked President Trump’s broad tariff authority, prompting a 10% across‑the‑board duty that replaces the 30% reciprocal tariff South Africa faced. The reduction levels the playing field for SA exporters, while gold surged to a three‑week high...

By Daily Maverick – Business
PHANTOM SHARES: The Finance Ghost: The Deal Machine Hums Into Life
NewsFeb 22, 2026

PHANTOM SHARES: The Finance Ghost: The Deal Machine Hums Into Life

The article reviews recent M&A activity across South African and African markets, highlighting Grindrod's post‑divestiture earnings boost, Sirius and Vukile's sizable REIT capital raises, MTN's $2.2 billion bid for IHS tower assets, and Araxi's R1 billion purchase of payments firm Pay@. It...

By Daily Maverick – Business
WATTS UP: Inside the Paarl Solar Panel Plant Trading on Local Agility to Challenge Imported Panels
NewsFeb 17, 2026

WATTS UP: Inside the Paarl Solar Panel Plant Trading on Local Agility to Challenge Imported Panels

Ener‑G‑Africa inaugurated a solar‑panel assembly plant in Paarl, Western Cape, with an annual capacity of about 150 MW, capable of producing panels from 5 W to 620 W. The facility differentiates itself through a locally trained, all‑female workforce and a focus on the...

By Daily Maverick – Business
CYRIL’S ARMY: Ramaphosa’s Decision to Deploy the SANDF Is Deeply Flawed. Here’s Why
NewsFeb 16, 2026

CYRIL’S ARMY: Ramaphosa’s Decision to Deploy the SANDF Is Deeply Flawed. Here’s Why

President Cyril Ramaphosa announced the withdrawal of roughly 700 South African soldiers from the MONUSCO mission in the Democratic Republic of Congo, ending a 27‑year peace‑keeping presence. He simultaneously ordered the South African National Defence Force to support the police...

By Daily Maverick – Business
MONETARY POLICY: Sarb Proposes Major Reform — Ditching Prime Lending Rate for Repo Rate
NewsFeb 16, 2026

MONETARY POLICY: Sarb Proposes Major Reform — Ditching Prime Lending Rate for Repo Rate

The South African Reserve Bank (Sarb) has released a consultation paper proposing to scrap the prime lending rate (PLR) and use the repo rate, known as the SARB policy rate (SPR), as the benchmark for loan pricing. The PLR currently...

By Daily Maverick – Business
France Aims to Boost Decarbonised Power Production by 20% over Decade, Encourage Demand
NewsFeb 13, 2026

France Aims to Boost Decarbonised Power Production by 20% over Decade, Encourage Demand

France’s new energy planning law (PPE) sets a decarbonised electricity goal of 650‑693 TWh by 2035, up from 540 TWh today, and aims for 70% of total energy consumption to come from clean power. The decree trims wind and solar targets by...

By Daily Maverick – Business