Nedbank announced a downgrade to its 2026 domestic economic output outlook, attributing this change to a mixed economic environment observed in the first five months of the year. The bank also indicated that the central bank is expected to maintain current interest rates in response to rising inflation.

Bridgement has obtained R330 million from major banks to enhance funding accessibility for South Africa's SMEs, aiming to transform traditional lending practices. The initiative is expected to facilitate quicker and easier access to financing for small and medium enterprises, with a focus on the role of AI in evolving business finance in the country.

South African power utility Eskom is set to pay almost R1.42 billion in interest over two days next week, according to IOL. The payments form part of the state-owned company's ongoing efforts to reduce its substantial debt burden and strengthen its financial position. Eskom has been working to stabilise its finances following years of fiscal strain, with debt servicing remaining a significant cost for the utility as it pursues its turnaround strategy.

A member of the Monetary Policy Committee (MPC) has called on the Central Bank of Nigeria (CBN) to implement further actions aimed at lowering lending rates for both households and businesses. This appeal comes in the context of recent recapitalization efforts within the banking sector.

Kenya Insights reports that lawyer Miguna Miguna's criticism of the Sh110 billion sale of NCBA by the Kenyatta and Ndegwa families overlooks unresolved scandals on the buyer's side. According to the outlet, South Africa's Nedbank, which is acquiring the stake, also carries unresolved controversies of its own. The piece frames Miguna's "laundry cycle" allegation as one-sided, arguing that scrutiny of the transaction should extend to both parties involved in the deal.

A court has issued a ruling that halts Eskom's ultimatum regarding the cut-off or take-over of services in the Dr Beyers Naudé Municipality. The decision confirms the legal requirements necessary for the Distribution Agency Agreement, clarifying the obligations and processes involved in the municipality's dealings with Eskom.