Tag: Featured

BusinessHot News

South African pharma giant Aspen hit by mRNA contract loss

South African pharma giant Aspen reports weaker results after mRNA contract loss, with commercial growth and debt reduction plans underway.

Omokolade Ajayi Omokolade Ajayi
Steinhoff FSCA $22 million fine
BusinessHot News

Ex-Steinhoff legal chief in Markus Jooste Scandal hit with $22 million fine

South Africa’s FSCA fines former Steinhoff executive Stehan Grobler $22 million over false financial statements.

Feyisayo Ajayi Feyisayo Ajayi
Nedbank NCBA takeover bid
BusinessHot News

Nedbank raises cash offer to $245 million in $856 million NCBA takeover bid

Nedbank lifts cash offer to $245 million in $856 million bid for 66% of NCBA, boosting flexibility for shareholders in cross-border deal.

Feyisayo Ajayi Feyisayo Ajayi
Caxton interim results 2025
BusinessHot News

Caxton profit slipped to $20 million in H1 2026

Caxton profit slips 4% to R332 million ($20 million) as ad slump hits publishing; packaging growth cushions decline in interim results.

Feyisayo Ajayi Feyisayo Ajayi
Hot NewsLuxury

Vukile’s $2 billion Spain retail portfolio cements Iberian market dominance

Vukile’s €1.7 billion ($1.98 billion) Spanish portfolio surpasses Lighthouse’s footprint, cementing Iberian retail dominance.

Feyisayo Ajayi Feyisayo Ajayi
Kenyatta family assets
BusinessHot News

10 businesses owned by Kenya’s largest landholders, the Kenyatta family

Inside the Kenyatta family empire: banking, dairy, land and a $5-billion Nairobi satellite city shaping Kenya’s economy.

Feyisayo Ajayi Feyisayo Ajayi
AfroCentric Activo Health disposal
BusinessHot News

AfroCentric flags wider annual loss despite surge in headline earnings

AfroCentric forecasts wider full-year 2025 loss on impairments and reporting shift, despite strong headline earnings growth.

Feyisayo Ajayi Feyisayo Ajayi
Shoprite Holdings, Africa’s largest retailer
BusinessHot News

Shoprite posts $8.6 billion revenue in H1 2026

Shoprite Holdings posts $8.6 billion H1 2026 revenue, up 7.2%, as Christo Wiese-backed retailer expands market share.

Feyisayo Ajayi Feyisayo Ajayi
Hot NewsLuxury

New $62 million Somerset West project taps Western Cape housing demand

The Charles launches 178 apartments in Somerset West, Western Cape, as demand grows for secure estates and lifestyle-driven housing.

Omokolade Ajayi Omokolade Ajayi
ExclusiveHot News

Tshepo Mahloele: South African tycoon behind $3 billion pan-African investment firm

South African tycoon Tshepo Mahloele leads Harith with $3 billion in African infrastructure and energy investments.

Omokolade Ajayi Omokolade Ajayi
Zimbabwe outbound travel to South Africa
Hot NewsTourism

Zimbabwe’s economic crisis fuels record travel to South Africa

Zimbabwe’s outbound trips to South Africa in 2024 underscore currency instability, inflation and weakening investor confidence.

Feyisayo Ajayi Feyisayo Ajayi
Aliko Dangote, Africa’s richest man
BusinessHot News

Dangote Cement pays $380 million in taxes in 2025

Dangote Cement paid $380 million in 2025 taxes as profit topped $730 million and revenue surged 20%, underscoring record earnings.

Feyisayo Ajayi Feyisayo Ajayi