Tag: South Africa

The Capital Boardwalk aparthotel by Capital Hotels in Gqeberha.
Hot NewsLuxury

Capital Hotels opens $17 million Boardwalk aparthotel in Gqeberha

Capital Hotels has opened The Capital Boardwalk in Gqeberha, a $17 million aparthotel with 145 rooms in Nelson Mandela Bay.

Omokolade Ajayi Omokolade Ajayi
Microsoft
BusinessTechnology

Microsoft expands Africa footprint with $329 million South Africa investment

Microsoft invests $329 million in South Africa to expand cloud infrastructure, scale AI capacity, and strengthen the digital skills pipeline.

Timilehin Adejumobi Timilehin Adejumobi
Shell logo on a fuel nozzle at a retail station.
BusinessHot News

Shell in $1 billion talks to sell South African fuel outlets to UAE’s ADNOC

Shell is in talks to sell about 600 South African fuel outlets to UAE's ADNOC in a $1 billion deal, ending a century-long presence.

Omokolade Ajayi Omokolade Ajayi
12th German-South African Bi National Commission
BusinessGlobal News

Germany backs South Africa with $235 million climate loan, minerals deal

Germany backs South Africa with a $235 million climate loan, boosting renewables and critical minerals amid U.S. tensions.

Timilehin Adejumobi Timilehin Adejumobi
Sim Tshabalala, CEO of Standard Bank Group.
BusinessExclusiveHot News

South African executive Sim Tshabalala earned $6.4 million from Standard Bank in 2025

Standard Bank CEO Sim Tshabalala earned $6.4 million in 2025 as profit rose to $3.43 billion and dividends increased.

Omokolade Ajayi Omokolade Ajayi
Capitec Bank
BusinessHot News

Capitec’s market cap tops $30 billion, regains title as Africa’s most valuable bank

Capitec Bank’s market cap climbs above $30 billion, reclaiming its position as Africa’s most valuable lender after share price gains in Johannesburg.

Omokolade Ajayi Omokolade Ajayi
MTN-Group-Limited
BusinessHot News

Why African conglomerates are spinning off units to unlock value

African conglomerates are spinning off units to unlock value, reduce conglomerate discounts, and attract deeper global capital markets.

Timilehin Adejumobi Timilehin Adejumobi
Founders of Refiant AI, including Viroshan Naicker, Siddharth Gutta, and Mathew Haswell, leading the South African AI startup focused on efficiency.
Hot NewsTechnology

South African AI startup Refiant raises $5 million to cut AI energy and data costs

South African AI startup Refiant raises 5 million seed funding to cut AI energy use and data costs through model compression technology.

Omokolade Ajayi Omokolade Ajayi
Optasia’s AI-powered fintech solutions support credit access and digital financial services across Africa and emerging markets.
BusinessHot NewsTechnology

JSE-listed Optasia raises over $300 million in refinancing to boost Africa’s fintech growth

Optasia raises over $300 million in refinancing backed by Standard Bank to scale fintech services across Africa and emerging markets.

Omokolade Ajayi Omokolade Ajayi
Outgoing Chief Executive Officer John Lamola
BusinessHot News

After reports reveal quiet $58 million bailout, SAA CEO John Lamola resigns

During John Lamola's tenure, the airline said it focused on restoring core operations and rebuilding its network.

Omokolade Ajayi Omokolade Ajayi
Nompumelelo Zikalala, CEO of Kumba Iron Ore, leading the South African mining company.
BusinessExclusiveHot News

Nompumelelo Zikalala: Durban-born mining executive leading $6.4 billion mining giant

Durban-born Nompumelelo Zikalala leads $6.4 billion Kumba Iron Ore, boosting profits and social initiatives.

Omokolade Ajayi Omokolade Ajayi
Coca-Cola headquarters.
BusinessHot News

Coca-Cola expands South African operations with $1 billion investment plan

Coca-Cola invests $1 billion to modernize operations and boost distribution in South Africa’s consumer market.

Omokolade Ajayi Omokolade Ajayi