Business Bagel

In Today’s Roundup:
Retiring at 60 is starting to look a little less certain in South Africa. Momentum has pushed its retirement age to 63, while Standard Bank has also changed its rules as companies try to hold onto experienced employees for longer. But there’s a catch: when people at the top stay in their jobs for another few years, everyone waiting below them can end up waiting longer too. We unpack why retirement is shifting, and what it could mean for South African workers.

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In Today’s Roundup:
We’re doing things a little differently today. The Shoprite Group’s new State of the SMME 2026 report gives us a fascinating look at what it actually takes to start and build a business in South Africa. From where founders get their money and how long it takes to become profitable, to why some businesses survive for decades but never get much bigger, we unpack the numbers behind South Africa’s small businesses.

Full Report: https://www.shopriteholdings.co.za/newsroom/2026/smme-report-2026.html

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In Today’s Roundup:
A new AI app has overtaken ChatGPT to become America’s most downloaded free app, and it works very differently. Instead of simply answering questions, you can give it a job and let it open websites, fill in forms, negotiate and even shop on your behalf. Meanwhile, Bank Zero has turned its first monthly profit while charging customers almost nothing. Plus, Vumatel’s owner has swung into profit, Google is going premium with its new laptops, and diesel prices are heading higher again.

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In Today’s Roundup:
Stadio’s share price jumped 23% on Friday despite the company announcing no results, deals or major news. The reason was much stranger: it had just been added to the JSE All Share Index, forcing funds that track the index to buy its shares. Meanwhile, Eskom electricity is heading towards 10 times what it cost in 2008, and Lucky Star cannot get enough fish to fill its tins. Plus, ransomware gangs are now hacking each other, SA Corporate is selling some of its apartments, and Australia is betting on AI to help support its economy.

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In Today’s Roundup:Sasol is turning used cooking oil into jet fuel, with a luxury expedition company flying from Cape Town to Antarctica becoming its first commercial customer. Meanwhile, SPAR’s independent retailers have picked the man they want as the group’s next chairman, and Patrice Motsepe’s African Rainbow Capital is increasing its stake in Alexforbes. Plus, Chery is doubling down on South Africa, The Creamery has been saved from closure, and Stitch wants to make paying overseas suppliers a whole lot easier.

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