Tag: South Africa

LuxuryHot News

Tsogo Sun buyback tops $14 million as shares fall 33% on JSE

Tsogo Sun repurchases $14.1 million in shares amid 33% stock decline, maintaining financial stability and operational growth.

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Hot News

Unemployment in South Africa falls to lowest level since 2020

South Africa’s unemployment rate drops to 31.4 percent in fourth quarter 2025, lowest since 2020, as hiring improves modestly.

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BusinessHot News

South Africa fast-tracks $3 billion Durban LNG power plant

South Africa accelerates a $3 billion Durban LNG plant, combining power generation, gas pipelines, and industrial LNG supply.

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African Rainbow Minerals profit
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Patrice Motsepe steps down from ARM executive duties under new JSE rules

South African billionaire Patrice Motsepe steps down from ARM executive role, stays as chairman.

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Natie Kirsh, Eswatini and South African billionaire and majority owner of Jetro Holdings.
BusinessHot News

Africa’s oldest billionaire hits $10.4 billion after $1.55 billion bid fails

Natie Kirsh adds $734 million in 2026, pushing Africa’s oldest billionaire to $10.4 billion despite $1.55 billion bid fallout.

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BusinessHot News

Vukile targets more Spain, South Africa deals after $127 million Berceo mall buy

Vukile expands in Spain and South Africa after $127 million Berceo mall acquisition, targeting high-yield retail assets and strong tenants.

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BusinessHot News

Africa’s first Black billionaire recovers $100 million after $400 million drop

Africa’s first Black billionaire Patrice Motsepe rebounds $100 million after a $400 million drop, boosted by gold and mining stakes.

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Hot NewsBusiness

Thousands of jobs at risk as South Africa’s Tongaat Hulett faces liquidation

Thousands of jobs are at risk as South African sugar producer Tongaat Hulett faces liquidation after a failed $737 million rescue plan.

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Johann Rupert, chairman of Richemont and Remgro Limited.
BusinessHot News

South Africa’s richest man Johann Rupert gains $900M; net worth rises to $19.1B

South Africa’s Johann Rupert sees fortune rebound by $900 million, lifting his net worth to $19.1 billion amid Richemont stock gains.

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BusinessHot News

Hyprop sells half of Woodlands Boulevard for $49.6 million, keeps stake for future growth

Hyprop sells half of Woodlands Boulevard for $49.6 million while keeping a 50% stake to support future growth.

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South Africa’s Eskom gets $3.4 billion boost from revised electricity tariffs

South Africa’s Eskom gains $3.4 billion from tariff correction, boosting finances and funding power plant upgrades.

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Hot NewsBusiness

Discovery acquires Sandton head office for $252.7 million, cancels Phase 2 lease

Discovery acquires 1 Discovery Place for $252.7 million, cancels Phase 2 lease, and strengthens its Johannesburg headquarters ownership.

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