Budget warning for South Africa’s government, and Anthropic sees $40 trillion opportunity Here are five important finance and investing stories happening in South Africa and globally on Wednesday, 28 October 2026. Investing • 28 October 2026
The South African man who promised to turn R300 into R1,000 has been hit with a R300,000 fine and a 20-year debarment Finance • 28 October 2026
AI spend without a visible return, rivals pulling ahead and POPIA risk from staff tools: the unease owners feel is reasonable, and fixable Industry News
New shopping mall with a Pick n Pay, Shoprite, and a KFC to open in R5 billion smart city Retail • 27 October 2026
South African gold mine has more tunnels than the entire New York subway system Mining • 27 October 2026
Gupta mansions with indoor swimming pool and a cricket pitch on sale for R32 million Property • 27 October 2026
Capitec’s winning plan: Sell only 12 products instead of 64 and make more money Banking • 27 October 2026
1,200 apartments coming next to popular shopping mall in South Africa’s capital city Property • 27 October 2026
New hotel with three restaurants and two bars opens at South Africa’s oldest working harbour Property • 27 October 2026
Pick n Pay CEO says something about his main competitor, Shoprite Checkers, which very few other leaders would do Retail • 27 October 2026
Don’t mess with SARS: Controversial businesswoman and TV personality can lose 5 Sandton houses to cover R125.9 million tax bill Finance • 27 October 2026
Credit upgrade on the cards for South Africa, and Microsoft to cut 60,000 jobs Investing • 27 October 2026
R528 million private hospital built in one of South Africa’s biggest cities Property • 27 October 2026
Five-star hotel which once hosted Nelson Mandela goes on sale along with everything inside it Property • 27 October 2026
The man who claimed to be from Sanlam Private Wealth and promised clients 36% returns debarred for 25 years and hit with R4.1 million fine Finance • 26 October 2026
Eastern Cape tuck shop forced to drop Sun City name after trademark dispute Business • 26 October 2026
