Tag: South Africa

Wanatu ride
TechnologyBusiness

Wanatu ride-hailing app rolls out major upgrade across Africa

Wanatu upgrades its ride-hailing app in South Africa with new features, improved UX, and expanded mobility services.

Oluwatosin Alao Oluwatosin Alao
Evening skyline of Johannesburg, South Africa, showcasing the city’s financial district and urban landscape.
Hot NewsBusiness

South Africa’s GDP rises 0.5% in Q1, but spending and investment weaken

South Africa’s economy grew 0.5 percent in Q1, beating survey estimates despite a sharp drop in consumer spending and rising fuel costs.

Omokolade Ajayi Omokolade Ajayi
Africa’s first Black billionaire Patrice Motsepe.
BillionairesBusinessHot News

Africa’s first Black billionaire Patrice Motsepe loses $800 million in under five months

Patrice Motsepe loses $800 million in under five months as Harmony Gold and ARM shares tumble on the JSE amid a broader precious metals retreat.

Omokolade Ajayi Omokolade Ajayi
South Africa's ghost mall
BusinessLuxury

South Africa’s ‘ghost mall’ gets new life after 16 years of delays

South Africa's ghost mall may finally reopen as Nova seeks investors to complete Pretoria's stalled $45 million project.

Oluwatosin Alao Oluwatosin Alao
Hot NewsBusiness

FlySafair cuts fuel surcharge 40 percent amid overbooking probe

FlySafair slashed its dynamic fuel surcharge by 40 percent amid an intense overbooking investigation by South African consumer watchdogs.

Omokolade Ajayi Omokolade Ajayi
South African asset manager Ninety One profit.
Hot NewsBusiness

Profits jump at Ninety One as managed assets eclipse $230 billion

Ninety One operating profit rises 12 percent as a landmark Sanlam transaction boosts total assets under management to $230.8 billion.

Omokolade Ajayi Omokolade Ajayi
South African property investment company Putprop Limited.
Hot NewsBusiness

South African property firm Putprop buys Johannesburg retail center for $7.6 million

Putprop expands its Gauteng portfolio with a $7.6 million retail center acquisition in Johannesburg’s Kramerville design and commercial district.

Omokolade Ajayi Omokolade Ajayi
Prosus wins more time for Delivery Hero sale
TechnologyBusinessHot News

Koos Bekker-led Prosus wins more time for Delivery Hero sale following rejected $11.6B Uber bid

Prosus wins a crucial EU deadline extension to October 11, giving it time to block Uber from acquiring Delivery Hero after a rejected $11.6 billion bid.

Omokolade Ajayi Omokolade Ajayi
Nigerian business executive Oghale Elueni.
Hot NewsBusiness

PZ Cussons Nigeria names Oghale Elueni new CEO following 246 percent profit surge

PZ Cussons Nigeria appoints Oghale Elueni as managing director and CEO following a stellar 246 percent net income recovery to $28.6 million.

Omokolade Ajayi Omokolade Ajayi
Cape Town, South Africa's second-largest city.
Hot NewsBusiness

South Africa’s business confidence slips as oil surge, rate hike weigh on companies

South African business confidence slips to 39 as oil prices, Middle East tensions and rate hikes pressure spending, hiring and investment decisions.

Omokolade Ajayi Omokolade Ajayi
Cape Town-based executive Alan Keet, a regional leader at Apex Group overseeing African operations.
Hot NewsBusiness

Alan Keet eyes next growth phase after Apex Group hits $300 billion in South African assets

Following a massive $300 billion asset milestone, Alan Keet outlines Apex Group's next phase: driving growth through on-chain tokenization.

Omokolade Ajayi Omokolade Ajayi
Telkom SA SOC Limited.
TechnologyBusinessHot News

Telkom SA revenue grows to $2.74 billion on consumer demand strength

Telkom SA posts higher revenue to R44.48 billion ($2.74 billion), driven by strong data demand, consumer growth, and improved efficiency.

Omokolade Ajayi Omokolade Ajayi