Tag: South Africa

Thomas Holtz hands over the Multotec CEO role to Johan Robbertse at Electra Mining Africa 2026.
BusinessHot News

South Africa’s Multotec names new CEO after 20 years under Thomas Holtz

Multotec appoints Johan Robbertse as Group CEO after Thomas Holtz’s 20-year tenure, as the South African mining equipment maker expands globally.

Oluwatosin Alao Oluwatosin Alao
Kropz
BusinessGlobal News

Kropz restructures South Africa phosphate operation amid Middle East pressure

Kropz is restructuring its South African phosphate operation after weak prices and rising costs pushed Elandsfontein deeper into financial pressure.

Oluwatosin Alao Oluwatosin Alao
MTN Group
BusinessGlobal News

MTN tests investor appetite as IHS Towers deal raises funding needs

MTN Group is testing investor appetite as it prepares to fund its $2.2 billion purchase of IHS Towers shares and weighs new debt options.

Oluwatosin Alao Oluwatosin Alao
Capitec
BusinessTechnology

Capitec expands Smart ID services to 242 branches across South Africa 

Capitec now offers Smart ID services at 242 branches across South Africa as Home Affairs expands its bank-based digital rollout.

Oluwatosin Alao Oluwatosin Alao
South African businessman Adrian Gore
BusinessHot News

South African tycoon Adrian Gore to bag $7.5 million dividend as Discovery profit soars

South African tycoon Adrian Gore will receive a $7.56 million final dividend after Discovery’s annual profit surged 38.3 percent to $827.92 million.

Omokolade Ajayi Omokolade Ajayi
South African retail giant The Foschini Group
BusinessHot News

South Africa’s Foschini cuts jobs, plans 280 store closures across Africa

The Foschini Group plans to close 280 stores by 2029 as online sales surge 54 percent and corporate job cuts deepen its retail restructuring.

Omokolade Ajayi Omokolade Ajayi
South Africa's National Treasury
BusinessHot News

South Africa lands $349 million international funding to reform municipal utilities

South Africa municipal reform funding totals $349 million as Germany and France back city infrastructure and essential services.

Timilehin Adejumobi Timilehin Adejumobi
Tramshed Mall
LuxuryBusiness

Inside South Africa’s 114-year-old tram depot turned shopping mall

Discover how Pretoria’s 114-year-old Tramshed evolved from an electric tram depot into a modern shopping mall in South Africa.

Oluwatosin Alao Oluwatosin Alao
South Africa’s Implats posts $2 billion profit, delivers over $1 billion to shareholders
BusinessHot News

South Africa’s Implats posts $2 billion profit, delivers over $1 billion to shareholders

Implats generated $1.38 billion in free cash and returned $1.06 billion to shareholders as stronger PGM prices lifted FY2026 earnings.

Oluwatosin Alao Oluwatosin Alao
South African billionaire Patrice Motsepe.
BusinessHot News

South African billionaire Patrice Motsepe’s ARM lifts payout as profit hits $200 million

Patrice Motsepe’s African Rainbow Minerals lifted its full-year dividend after headline earnings rose 19 percent to $200.2 million on a PGM price rebound.

Omokolade Ajayi Omokolade Ajayi
South Africa’s state-owned logistics operator Transnet.
BusinessHot News

South Africa reopens vital rail corridor to world markets after storm damage

Transnet has fully reopened South Africa’s Cape Mainline after May storms disrupted freight services for more than two months.

Omokolade Ajayi Omokolade Ajayi
Standard Bank Office
BusinessHot News

Standard Bank targets East Africa after $1.61 billion first-half earnings

Standard Bank is targeting deeper growth in East Africa after reporting $1.61 billion in first-half earnings, as Absa and Nedbank expand in Kenya.

Omokolade Ajayi Omokolade Ajayi