Tag: South Africa

ADNOC
BusinessHot News

ADNOC Distribution expands in Africa with $1 billion Shell South Africa deal

ADNOC Distribution Shell South Africa deal expands its African footprint through a $1 billion acquisition of Shell's fuel business.

Timilehin Adejumobi Timilehin Adejumobi
South African banker Ben Kruger.
Hot NewsBusiness

Former Standard Bank CEO Ben Kruger’s stake tops $4 million as shares climb

Former Standard Bank CEO Ben Kruger’s stake in Africa’s largest lender climbs past $4 million as JSE shares rise 11.67 percent this year.

Omokolade Ajayi Omokolade Ajayi
10 oldest publicly listed company
BusinessHot News

10 oldest publicly listed companies in South Africa

South Africa’s oldest listed firms trace over a century of resilience, evolving from gold mining roots into diversified global businesses.

Feyisayo Ajayi Feyisayo Ajayi
Club-Med-South-Africa beachfront resort
LuxuryTourism

Club Med opens $129 million South Africa beach resort, luxury safari lodge 

Club Med South Africa resort opens with a $129 million beach resort and luxury safari lodge in KwaZulu-Natal.

Timilehin Adejumobi Timilehin Adejumobi
Gauteng-born CEO Mpumi Madisa.
Hot NewsBusiness

Gauteng-born CEO Mpumi Madisa hits $3-million milestone with Bidvest shares

Mpumi Madisa hits a $3 million milestone as Bidvest Group shares climb on the JSE, driven by strong half-year earnings.

Omokolade Ajayi Omokolade Ajayi
Chery Autos
Hot NewsBusiness

China’s Chery takes over South Africa plant to drive pan-African auto expansion

Chery takes over Nissan's former South African plant, investing millions of dollars to build an export hub and hit 100,000 annual vehicle sales.

Omokolade Ajayi Omokolade Ajayi
FirstRand chair Johan Burger
Hot NewsBusiness

FirstRand chair Johan Burger’s stake tops $30 million despite UK regulatory drag

Johan Burger's stake has climbed above $30 million, driven by rising South African banking stocks and a stronger rand.

Omokolade Ajayi Omokolade Ajayi
Stellantis NV
BusinessHot News

Stellantis weighs future of $183 million South Africa factory amid strategy shift

Stellantis will decide the fate of its $183 million South Africa factory as the automaker shifts strategy toward affordable cars.

Omokolade Ajayi Omokolade Ajayi
Super Star supermarket brand under SPAR Group, showcasing retail presence and store operations.
Hot NewsBusiness

SPAR highlights retail’s role in tackling South Africa’s youth unemployment

SPAR Group shows how South African retail drives youth employment, skills development, and small business growth.

Omokolade Ajayi Omokolade Ajayi
Jerry Soko
Hot NewsBusiness

MTN hands Jerry Soko Eswatini CEO role following $7.1 million Q1 revenue

MTN names Jerry Soko CEO of Eswatini, reinforcing an internal succession strategy as the unit reports $7.1 million in Q1 revenue.

Omokolade Ajayi Omokolade Ajayi
Vodacom Centre
TechnologyBusinessHot News

South Africa’s Vodacom takes control of Kenya’s Safaricom with stake worth $2.1 billion

South Africa's Vodacom completes the acquisition of a majority stake in Safaricom following a key Kenyan court ruling.

Omokolade Ajayi Omokolade Ajayi
FMO
BusinessHot News

FMO invests $27 million to revive South Africa’s Gledhow sugar mill

Gledhow sugar mill secures $27M from FMO to modernize operations, cut emissions and support farmers in KwaZulu-Natal.

Timilehin Adejumobi Timilehin Adejumobi