Discovery Bank and Visa data shows ride-hailing growth is now outpacing fuel spend, especially among younger urban consumers. South Africans are increasingly turning to ride-hailing services, as convenience, shifting economics and changing mobility habits reshape urban transport behaviour. This is according to the latest edition of the SpendTrend26 report, compiled by Discovery Bank and Visa, which…
Lincoln Mali, CEO of Lesaka Southern Africa. (Photograph by: Lesley Moyo) Fintech group Lesaka’s consumer division, which caters for South African Social Security Agency (SASSA) grant beneficiaries, is continuing to make gains. This emerged when the JSE- and Nasdaq-listed company today published its third quarter results for 2026. At segment level, the consumer division delivered…
PRETORIA — The government of South Africa has strongly condemned the circulation of what it termed “fake videos and images” allegedly portraying attacks on foreign nationals, as diplomatic tensions rise across several African states over concerns of xenophobic violence. Authorities in Pretoria dismissed the online content, stating that it was being misrepresented and misused to…
The volatile saga of GameStop has taken a dramatic turn following reports from the Wall Street Journal that the retailer is preparing a potential bid to acquire eBay. While no formal proposal has been submitted, sources suggest an offer could be presented to the e-commerce giant as early as late May 2026. Read: ASUS launches…
The government will extend fuel tax cuts for another two months to cushion the impact of the Iran war on households, but that the relief would end after that and it would recoup the lost tax revenue in other ways. The US-Israeli war against Iran has caused the biggest oil supply disruption in history, the…
DEVELOPING STORYDEVELOPING STORY, A huge increase in Pakistan’s fuel import bill from $300 to $800 billion is putting more pressure on the economy. Published On 30 Apr 202630 Apr 2026 The most serious fuel price shock to hit Pakistan in more than half a century threatens to unleash a flood of cascading crises that could…
As global energy markets remain volatile and the price of oil high due to instability and conflict in the Middle East, more countries are looking at investing in renewables to shield their economies from the shocks caused by fossil fuel reliance, rein in import bills – and meet key climate action targets. Unlike oil and…
Tangier, Morocco — Fearing the Middle East war could drive millions into hunger and cripple economies, Africa’s leading institutions are drafting a strategy to mobilise domestic and “innovative” finance and harness national competitiveness to stabilise food, fuel, and fertiliser supplies. The African Union Commission (AUC), the Economic Commission for Africa (ECA), the African Development Bank…
The German airline says 20,000 short-haul flights would be removed from its schedule through October. Published On 23 Apr 202623 Apr 2026 German aviation company Lufthansa Group says it would cut 20,000 short-haul flights up until October as the Iran war drives up oil prices and deepens worries that some countries may run low on…
The blockade of the Strait of Hormuz is causing concern in Europe, which relies heavily on imported jet fuel. Published On 21 Apr 202621 Apr 2026 The European Union is mulling jet fuel imports from the United States and new minimum reserve quotas as it eyes options amid a supply crunch due to the Iran…
