Latest Business News and Insights

Keeping up with the business world can feel like a full-time job, but staying informed is key if you want to understand how changes affect your wallet and opportunities. On Daily Herald Scope, we bring you straightforward coverage of South Africa’s business scene and major global stories shaping the market.

What’s happening with social grants and tariffs?

Starting April 2025, South Africa’s social grants are rising, helping many families feel a little less squeezed by inflation. The boost impacts old age, disability, foster care, and child support grants without changing social relief funding. It’s a move to help those who really need it, reflecting the reality of how much more things cost today.

Meanwhile, over in Nigeria, telecom giant MTN recently stirred up controversy by hiking call and data prices by 50%. Customers feel the pinch and aren’t shy about voicing their frustration online. This increase, the company says, is due to inflation and economic pressures. Many are watching closely to see how this will affect consumer loyalty and if legal challenges might follow.

Big moves in industry and finance

Companies like Aston Martin aren’t sitting still either. Faced with financial worries and a recent profit warning, they’re raising £210 million to steady their ship. For luxury brands linked to big names like James Bond, this kind of shift is a clear sign that even the fanciest companies need to keep their finances in check.

On the energy front, Nigeria’s Dangote Refinery just sent out its first shipment of locally produced petrol, aiming to reduce reliance on imports. This move could help ease petrol shortages and boost the local economy significantly.

In South Africa, auctions are turning heads as luxury cars owned by businessman Hamilton Ndlovu, involved in a scandal, go up for sale. These cars, including Lamborghinis and Porsches, are expected to bring in millions but may not cover all debts tied to the controversy.

And let’s not forget the finance sector shakeups – Nigeria’s Central Bank took the rare step of revoking Heritage Bank’s licence due to ongoing financial issues. Protecting depositors and stability is the priority, showing regulators aren't hesitant to act when needed.

From grants to auctions and tariffs to major fundraisers, South Africa and the wider region’s business landscape is buzzing with activity. Whether you’re following market moves or curious about how global trends touch your community, we keep it real and relevant here. Scroll through our latest updates anytime and get the latest straight, without the fluff.