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Nedbank unaudited interim financial results for the 6 months ended 30...

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The US-Iran war and the closure of the Strait of Hormuz weighed on the global economy in the second quarter of 2026. Higher energy prices pushed global inflation higher. Consequently, some markets adopted a more hawkish monetary policy stance. The operating environment in South Africa (SA) during the first half of 2026 was mixed. Real GDP growth in the first quarter surprised on the upside.

Group reporting – can it keep pace with M&A?

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After a measured few years, Mergers and Acquisitions (M&A) activity has regained momentum in South Africa. The country, in fact, led the continent in deal value in 2025. It accounted for roughly 35% of Africa’s total M&A value. Meanwhile, inbound deal value rose by over 40%, and outbound activity increased by nearly 85% year on year.

Hospitality bookings – the cost of empty seats, tables or rooms

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For hospitality businesses, a reservation is much more than a booking. It represents a prepared room, a reserved table, an allocated guide or a carefully planned experience. When guests fail to arrive, businesses lose the opportunity to generate revenue from that space. Ultimately, the cost of an empty seat extends well beyond the booking itself.

African trade is growing despite the obstacles

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Businesses are expanding across borders. New trade corridors are emerging. Regional ambition also remains strong. However, liquidity, payment and execution challenges continue to shape the reality of doing business across Africa. Six months into 2026, African trade is growing, but it appears to be telling two stories at once.

Loyalty strategy – can one size fit all?

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Most loyalty programmes are built once and then applied across the board. While this approach may seem logical from an efficiency perspective, what works in aviation does not carry into hospitality or retail. Yet many programmes are still built as though customer behaviour follows a single pattern.

Responsible entrepreneurship – is capital only the beginning?

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In a tough economic environment where capital is scarce, we continue to back responsible entrepreneurs who build sustainable, high-impact businesses that create opportunity and resilience in South Africa. We have released our 2025 Impact Report. The report outlines the organisation's work in backing responsible entrepreneurs, supporting portfolio resilience and contributing to economic inclusion through a long-term investment model.

SME funding gap – are lenders asking the wrong questions?

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Small and Media Enterprises (SMEs) are regularly rejected for funding, even when their businesses are profitable, because the system was not designed with their business reality in mind. SMEs contribute around 40% of the country's gross domestic product (GDP) and 60% of employment. Yet they face the SME funding gap, which is estimated at R350 billion. There is no shortage of funding in the system.

Hiring CMOs – fortified for the future?

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The Chief Marketing Officer role has transformed - but most organisations are still hiring as if it hasn’t. Artificial intelligence (AI), smartphones, social media, influencers and shifting customer expectations have transformed the way growth is achieved. Yet many organisations continue to misunderstand the evolution of the role.

Prosus profitability jumps 84%, free cash flow up US$2bn in 3...

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FY26 marked a year of delivery, with strong results, disciplined capital allocation and accelerating Artificial Intelligence (AI) innovation. Prosus delivered across its AI-powered Lifestyle Ecosystem of delivery, finance and experiences, while all regional ecosystems achieved profitability.

Naspers profitability jumps 84%, free cash flow up US$2bn in 3...

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FY26 was a year of delivery: strong results, disciplined capital allocation and accelerating Artificial Intelligence (AI) innovation. Naspers delivered across its AI-powered Lifestyle Ecosystem of delivery, finance and experiences, with all regional ecosystems profitable.

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