Tag: South Africa

I&M Group headquarters at 1 Park Avenue, Nairobi, Kenya.
BankingBusinessHot News

I&M Bank wins $5.5 million tax battle against Kenya Revenue Authority

I&M Bank wins a $5.5 million tax battle against Kenya Revenue Authority over bad debt provisions, securing relief for the East African lender.

Omokolade Ajayi Omokolade Ajayi
South African tycoon Mzi Khumalo
BusinessHot NewsMining

South African tycoon Mzi Khumalo may lose Zimbabwe gold mines over $70 million debt

South African tycoon Mzi Khumalo risks losing his Zimbabwean gold mines over an unpaid $70.3 million buyout debt as creditors circle.

Omokolade Ajayi Omokolade Ajayi
South African business leader Mteto Nyati
BusinessExecutivesHot News

South Africa must lead Africa’s commercial rise, Eskom chair Mteto Nyati says

Eskom chair Mteto Nyati urges South Africa to cut red tape and position itself as Africa’s top gateway for global multinationals seeking scale.

Omokolade Ajayi Omokolade Ajayi
Tongaat Hulett
BusinessCompaniesHot News

South African sugar giant Tongaat Hulett to exit JSE after 74 years

Tongaat Hulett will leave the JSE after 74 years, ending its market presence as shareholders face no expected recovery from business rescue.

Oluwatosin Alao Oluwatosin Alao
South Africa's Boxer Retail Limited
BusinessCompaniesHot News

South Africa’s Boxer hits $1.46 billion in sales as bargain hunters fuel growth

Boxer hits $1.46 billion in sales, clearing debt and raising dividends as value shoppers flock to its discount aisles across Southern Africa.

Omokolade Ajayi Omokolade Ajayi
The Grasslands National Park
TourismBusiness

South Africa expands its nature tourism offering with new national park

South Africa declares a 10,000-hectare Eastern Cape national park to protect grasslands, secure water supplies and support cattle farmers.

Oluwatosin Alao Oluwatosin Alao
Standard Bank Office
BusinessCompaniesHot News

South Africa’s Standard Bank backs Nigeria-focused OPay with $185 million

Standard Bank is backing Nigeria-focused fintech giant OPay with a $185 million investment as the payments operator prepares for a New York listing.

Omokolade Ajayi Omokolade Ajayi
South African executive Mpumi Madisa
ExclusiveBusinessExecutivesHot News

Mpumi Madisa’s six-year Bidvest turnaround takes profit to $395 million from $11 million loss

Mpumi Madisa’s six-year Bidvest turnaround lifted profit from an $11.3 million loss to $395.4 million, as revenue and international operations grew.

Omokolade Ajayi Omokolade Ajayi
CEO Fani Titi
ExecutivesBusinessHot News

CEO Fani Titi’s Investec stake nears $3 million as executive share awards vest

Investec CEO Fani Titi’s stake rises to 384,704 shares valued at $2.96 million as executive incentive awards vest.

Omokolade Ajayi Omokolade Ajayi
Shoprite expands Sixty60 beyond groceries
Hot News

Shoprite expands Sixty60 beyond groceries with digital vouchers

Shoprite expands Sixty60 beyond groceries, adding instant airtime, data and digital vouchers as it targets South Africa’s $30 billion value-added services market.

Oluwatosin Alao Oluwatosin Alao
Ninety One CEO Hendrik du Toit
BusinessInvestments

Ninety One plans to back infrastructure projects to revive Johannesburg 

Ninety One aims to mobilize private capital to help repair Johannesburg’s infrastructure and restore investor confidence.

Timilehin Adejumobi Timilehin Adejumobi
Eskom
BusinessEnergy

Eskom launches 6 GW renewable energy programme in South Africa

Eskom is seeking private investors for a 6 GW renewable energy programme in South Africa, including solar, wind and battery storage projects.

Oluwatosin Alao Oluwatosin Alao