After almost a century of operating in South Africa, Coca-Cola Co. is deepening its investment in the market with a fresh 17.6 billion-rand ($1 billion) commitment to expand capacity and distribution through 2030.
Cans of cherry Coca-Cola for sale at a store in Miami Beach, Florida, US, on Monday, Feb. 9, 2026. Coca-Cola Co. is scheduled to release earnings figures on February 10. Photographer Zak Bennett/Bloomberg Photographer: Zak Bennett/Bloomberg
Pepkor Holdings Ltd. hired Merwe Scholtz to lead a new banking push as Africa’s largest clothing and mobile phone retailer prepares to launch an independent lender as early as next year.
South Africa approved new import taxes to protect its steel industry after a probe found that cheap imports of some products from China and Thailand unfairly undercut local manufacturers.
A construction worker stands on a steel reinforcement structure at a construction site in Sandton, South Africa.
Pepkor Holdings Ltd. is weighing plans to abandon a possible partnership with Investec Bank Ltd. and instead launch a lender on its own, according to a person familiar with the matter.
Clothes for sale at a PEP store, operated by Pepkor Holdings Ltd., in Boksburg, South Africa. Photographer: Leon Sadiki/Bloomberg
Mr Price Group Ltd. faced investor skepticism over the clothing chain’s purchase of the retail business of NKD Group in Europe, a deal that has wiped about a quarter off the South African retailer’s share price since it was announced.
Pepkor Holdings Ltd. is seeking a banking chief as Africa’s biggest seller of clothing and mobile phones plans to open branches using its store network in South Africa to reach millions of lower-income customers.
Woolworths Holdings Ltd. said trading in its Australian apparel business slowed sharply at the end of the first half, while stepped-up investment in its South African food division weighed on margins.
A Woolworths Group Ltd. logo Photographer: Carla Gottgens/Bloomberg
British American Tobacco Plc warned South Africa’s government for years that it would be forced to end production there if illegal cigarette sales weren’t stamped out, according to the chief executive officer.
A man buys a cigarette from a woman at in South Africa. Photographer: EMMANUEL CROSET/AFP
South Africa will withdraw its troops from the United Nation’s peacekeeping mission in the Democratic Republic of Congo as the continent’s largest economy seeks to “realign” the resources of its armed forces.
Uruguayan soldiers of the United Nations Organization Stabilization Mission in the Democratic Republic of the Congo (MONUSCO) travel on their armored personnel carrier (APC) in Nzulo, on the main road linking the North Kivu capital Goma to the town of Sake, on January 25, 2025. Three South African soldiers were killed and 18 injured in clashes with M23 forces in the east of the Democratic Republic of Congo, where they were part of a southern African mission, a political party and a military union said Saturday. (Photo by Jospin Mwisha / AFP) (Photo by JOSPIN MWISHA/AFP via Getty Images)
South Africa’s $4 billion beauty market is fast becoming a key battleground for retailers grappling with a sluggish economy, weak consumer confidence and intensifying competition.
Popsicle Professional Nails opened two salons in December.
Mr Price Group Ltd. slumped amid market concerns that the South African clothing chain is overpaying for the retail business of NKD Group to expand in central and eastern Europe.
Pepkor Holdings Ltd. got approval from South African authorities to establish a banking presence there as the continent’s biggest seller of clothing and mobile phones using prepaid seeks to offer its millions of lower-income customers more financial services.
A Pep store, operated by Pepkor Holdings in Boksburg, South Africa.
China will finance HIV-prevention programs in South Africa for the first time, taking a small step into the massive void left by US funding cuts earlier this year.
A woman queues at a clinic during the launch of an anti-AIDs drug in South Africa.
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