South Africa’s wheat harvest faces pressure as severe rainfall shortages in Swartland cut crop potential and deepen concerns over food security and imports.
Southern Africa
South Africa's rand edged higher as investors awaited Kevin Warsh's Jackson Hole speech and July budget data for fresh policy and fiscal signals.
South Africa's rand held steady near 15.95 per dollar as investors awaited July producer inflation data and signals from the Jackson Hole symposium.
South Africa’s rand holds near 16.02 per dollar as investors await the June leading business cycle indicator and later producer inflation and budget data.
Equinor says Namibia’s offshore PEL 90 in the Orange Basin could hold significant resources as it acquires a 17.4% stake ahead of planned drilling.
Offshore investors sold South African stocks while buying bonds, signalling stronger demand for fixed-income assets amid shifting global market sentiment.
African Rainbow Minerals expects FY2026 headline earnings per share to rise to 1,544–1,682 cents, supported by stronger portfolio performance and gains.
South African mobile operator Cell C reported a 57.4% rise in headline earnings, supported by stronger prepaid revenue and lower debt after restructuring.
Truworths International chairman Hilton Saven will retire at the retailer’s November 2026 AGM, with lead independent director Hans Hawinkels succeeding him.
Exxaro Resources reported a 20% drop in half-year profit as higher production costs and a stronger rand weighed on the South African miner’s earnings.