Tag: South Africa

South Africa's Boxer Retail Limited
BusinessHot News

Boxer eyes 1,000 stores after $1.46 billion half-year sales as shoppers hunt value

Boxer Retail is speeding toward 1,000 stores after posting $1.46 billion in half-year sales, leaning on discounter demand and strategic conversions.

Omokolade Ajayi Omokolade Ajayi
Durban-born executive Sayurie Naidoo
ExecutivesBusinessHot News

Valterra’s CFO Sayurie Naidoo leans on AI, underground tech after $724M cost overhaul

Valterra CFO Sayurie Naidoo reveals how AI, underground mining technology and $724.3 million in cost savings are boosting profitability.

Omokolade Ajayi Omokolade Ajayi
Telkom
BusinessTechnology

Telkom upgrades Soweto school with a new digital learning hub

Telkom has opened a 40-computer digital learning hub at its CEO Serame Taukobong’s former primary school in Soweto, with further upgrades planned.

Oluwatosin Alao Oluwatosin Alao
Eskom
BusinessEnergy

Eskom seeks partner for South Africa’s 1,500 MW hydropower project

Eskom seeks private investors for its $2.4 billion Tubatse hydropower project, designed to deliver 1,500 MW and 14 hours of energy storage.

Oluwatosin Alao Oluwatosin Alao
South African billionaire Koos Bekker, chairman of Naspers and Prosus.
Hot NewsBusinessHospitalityLuxury

South Africa’s $3.2 billion man buys 2,700 acres of English countryside

South African billionaire Koos Bekker has quietly acquired over 2,700 acres in Somerset, turning rural England into an ultra-luxury playground.

Omokolade Ajayi Omokolade Ajayi
Vitality boss Neville Koopowitz
BusinessExecutivesHot News

Vitality boss Neville Koopowitz offloads Discovery stake worth over $2.4 million

Vitality CEO Neville Koopowitz sells a $2.44 million stake in Discovery as the global insurer reports double-digit international profit growth.

Omokolade Ajayi Omokolade Ajayi
Standard Bank Office
BusinessBankingHot News

Standard Bank underwrites $545 million to overhaul South Africa’s Gautrain network

Standard Bank underwrites a $545 million deal to upgrade South Africa’s Gautrain rail network under a new 15-year pact.

Omokolade Ajayi Omokolade Ajayi
Aspire Waterfall tower exterior
LuxuryBusinessLifestyle

South Africa’s new $38 million luxury hub sells out 76% before construction

Aspire Waterfall City sells 76% of its R624 million ($38 million) units before construction, proving strong demand for secure Gauteng luxury living.

Omokolade Ajayi Omokolade Ajayi
Vodacom
TechnologyBusiness

Vodacom, UJ and AWS extend AI partnership with student hackathon

Vodacom, UJ and AWS expand their AI partnership with a hackathon attracting more than 150 students to develop solutions for Africa.

Oluwatosin Alao Oluwatosin Alao
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