Tag: South Africa

ArcelorMittal South Africa (ArcelorMittal SA)
BusinessCompaniesHot News

IDC launches bold $607 million steel buyout to save factory heartland

South Africa’s IDC launches a $607 million takeover of ArcelorMittal’s local unit, securing critical plants to protect industrial jobs.

Omokolade Ajayi Omokolade Ajayi
Close-up of South African Airways aircraft.
Hot News

South African Airways gets $61 million state safety net as operation pressures surge

South African Airways secures a $61 million state safety net to protect operations against rising fuel costs and mounting financial pressure.

Omokolade Ajayi Omokolade Ajayi
South Africa’s Famous Brands
BusinessCompaniesHot News

South Africa’s Famous Brands, owner of Wimpy, posts $264 million in half-year sales

Famous Brands posted $264.34 million in half-year sales, leaning on strong cash flow and supply chain gains to raise interim dividends.

Omokolade Ajayi Omokolade Ajayi
De Beers
BusinessMining

De Beers raises 2026 diamond target despite South Africa mine shutdown

De Beers raises its 2026 diamond production target as prices plunge 37%, while Botswana, Namibia and Angola seek a bigger stake in the group.

Oluwatosin Alao Oluwatosin Alao
Lithium Africa
BusinessMining

Lithium Africa attracts $60 million offer for Northern Cape project

Lithium Africa has received a $60 million offer for its South African Springbok lithium project as it targets production in 2027.

Oluwatosin Alao Oluwatosin Alao
Eskort
BusinessCompanies

Eskort names Lactalis executive Herman Janse van Rensburg as new CEO

Eskort names Lactalis executive Herman Janse van Rensburg as CEO, succeeding Arnold Prinsloo after 22 years as the South African food brand targets growth.

Oluwatosin Alao Oluwatosin Alao
Ninety One
BusinessCompaniesHot News

South Africa’s Ninety One buys back $29 million in shares across UK, JSE

Dual-listed asset manager Ninety One repurchased $29 million in shares across the UK and South Africa, permanently retiring equity to reward holders.

Omokolade Ajayi Omokolade Ajayi
Glencore
MiningBusinessCompaniesHot News

Glencore backs South Africa copper revival with $40 million bet

Glencore is backing Orion Minerals with $40 million to kick-start South Africa’s Prieska copper-zinc mine, targeting first ore by late 2027.

Omokolade Ajayi Omokolade Ajayi
Discovery Health
BusinessHot News

Discovery Health secures SCA ruling against RAF over medical expense claims 

Discovery Health wins an SCA ruling blocking RAF deductions for medical expenses already covered by medical aid schemes.

Timilehin Adejumobi Timilehin Adejumobi
Pepkor Building
BusinessCompanies

Pepkor brings Boardmans back to South Africa with seven store rebrands

Boardmans returns to South African stores with seven rebrands as Pepkor expands its homeware, furniture and technology business.

Oluwatosin Alao Oluwatosin Alao
Clicks
BusinessCompanies

Clicks targets shoppers with ClubCard offer amid Dis-Chem rivalry

Clicks is offering 10% discounts on 2,500 products as South Africa’s pharmacy rivalry with Dis-Chem intensifies over 12.9 million ClubCard members.

Oluwatosin Alao Oluwatosin Alao
South African executive Rui Morais
ExecutivesBusinessHot News

Dis-Chem CEO Rui Morais says unwritten acts of care define staff well-being

Dis-Chem CEO Rui Morais champions daily acts of empathy over balance-sheet growth, even as revenue climbed to $2.64 billion.

Omokolade Ajayi Omokolade Ajayi