Tag: South Africa

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Tshepo Mahloele: South African tycoon behind $3 billion pan-African investment firm

South African tycoon Tshepo Mahloele leads Harith with $3 billion in African infrastructure and energy investments.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

South Africa cuts Eskom tariffs to revive chrome jobs, boost $4.77 billion exports

South Africa cuts Eskom tariffs for ferrochrome, aiming to restore smelters, create 11,400 jobs, and boost $4.77 billion in exports.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Over 400 Nestlé employees in South Africa face layoffs

Nestlé starts layoffs in South Africa, part of a global restructuring affecting 16,000 jobs to boost performance and efficiency.

Omokolade Ajayi Omokolade Ajayi
African Rainbow Minerals profit
Hot NewsBusiness

South African billionaire Patrice Motsepe returns to Forbes top 1,000 richest

South African billionaire Patrice Motsepe returns to Forbes 1,000 richest after $300 million mining surge and fintech growth.

Omokolade Ajayi Omokolade Ajayi
Hot NewsBusiness

South Africa’s Octodec to sell Killarney Mall for $25 million

Octodec agrees to sell Killarney Mall in Johannesburg for $25 million, reshaping its property portfolio and freeing capital.

Omokolade Ajayi Omokolade Ajayi
Hot NewsBusiness

WeBuyCars holds off on new vehicle sales despite market growth

WeBuyCars focuses on used vehicles despite South Africa’s new car sales surge, prioritizing systems and customer experience.

Omokolade Ajayi Omokolade Ajayi
Hot NewsBusiness

Days after Spar exit call, South African retail leader Angelo Swartz cites family as priority

South African retail leader Angelo Swartz steps back from Spar to focus on family and oversee a smooth leadership transition.

Omokolade Ajayi Omokolade Ajayi
Hot NewsTechnology

Elon Musk, South Africa clash deepens over Starlink, 14,000 users at risk

Starlink dispute in South Africa deepens as 14,000 users risk service cutoff amid regulatory standoff.

Omokolade Ajayi Omokolade Ajayi
Hot NewsBusiness

Spar Group CEO Angelo Swartz exits, CFO Reeza Isaacs set to take over

Spar Group CEO Angelo Swartz exits; CFO Reeza Isaacs takes over, inheriting a leaner, more focused retailer navigating tech and competition.

Omokolade Ajayi Omokolade Ajayi
Standard Bank's office in South Africa.
BusinessHot News

Standard Bank raises $124.8 million to cover financial loss

Standard Bank raises $124.8 million with new FLAC notes.

Timilehin Adejumobi Timilehin Adejumobi
BusinessHot News

Anglo American takes $2.3 billion De Beers hit as restructuring deepens

Anglo American books $2.3 billion De Beers writedown as restructuring deepens, with a shift toward copper and iron ore.

Omokolade Ajayi Omokolade Ajayi
Johann Rupert, chairman of Richemont and Remgro Limited.
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South Africa’s richest man, Johann Rupert, slips below $19 billion

South Africa’s richest man, Johann Rupert, chairman of Swiss luxury giant Richemont, has seen his net worth slip below the $19 billion mark, tempering earlier expectations that he could soon join the small circle of Africans worth more than $20 billion. At the start of the year, his fortune climbed as high as $19.7 billion, putting him within reach of…

Omokolade Ajayi Omokolade Ajayi