Tag: South Africa

Woolworths’ Foodstop partnership with Engen reaches 101 stores
BusinessLuxury

Woolworths’ Foodstop partnership with Engen reaches 101 stores

Woolworths has expanded its Engen Foodstop network to 101 stores, strengthening its convenience retail and on-demand delivery strategy in South Africa.

Oluwatosin Alao Oluwatosin Alao
Ex-Vodacom dealmaker Mamokete Ramathe
BusinessHot News

Ex-Vodacom dealmaker Mamokete Ramathe leads Mamor Capital to $18.8 million raise

Mamor Capital, led by former Vodacom dealmaker Mamokete Ramathe, raised $18.8 million in its debut fund's first close to back South African startups.

Omokolade Ajayi Omokolade Ajayi
RCL Foods Limited
BusinessHot News

Cheap sugar imports hit Johann Rupert-backed RCL Foods as profit drops 47% to $47.5 million

Cheap sugar imports and pet food recalls hit Johann Rupert-backed RCL Foods as full-year profit tumbled 47.4 percent to $47.5 million, forcing dividend cuts.

Omokolade Ajayi Omokolade Ajayi
South African executive Mpumi Madisa
BusinessHot News

Mpumi Madisa steers Bidvest to $810 million trading profit, lifts dividend

Mpumi Madisa leads Bidvest to $810.3 million trading profit as strong cash flow supports a 6.6% dividend increase.

Omokolade Ajayi Omokolade Ajayi
Air France Cape Town-Paris flights.
TourismBusiness

Cape Town-Paris direct flights return as Air France expands Africa service

Air France will resume direct Cape Town-Paris flights in September 2026, increasing service to five weekly flights from November

Oluwatosin Alao Oluwatosin Alao
Truworths International
BusinessHot News

Truworths full-year profit falls to $165 million as fuel costs squeeze consumer spending

Truworths International’s full-year net profit fell 4.7 percent to $165 million as fuel costs and weaker consumer spending weighed on sales.

Omokolade Ajayi Omokolade Ajayi
Transnet seeks Private partners to revive 9,098km of South Africa rail
BusinessHot News

Transnet seeks Private partners to revive 9,098km of South Africa rail

Transnet seeks private partners to revive 9,098km of South Africa’s rail network as the government pushes to improve freight logistics and capacity.

Oluwatosin Alao Oluwatosin Alao
From small beginnings in 1967, as a Polokwane-based family business, Moolman Group has grown into a major property investment firm managing portfolios across South Africa and abroad.
BusinessHot News

How South Africa’s Moolman family unlocked $124 million from 9 mega malls

Moolman Group agreed to sell nine retail malls to Dipula Properties for $124 million, freeing up capital to fund a fresh pipeline of retail builds.

Omokolade Ajayi Omokolade Ajayi
Volvo
BusinessHot News

Volvo expands South Africa footprint with Century City dealership

Volvo South Africa expands in Cape Town with a new Century City dealership as demand for premium electric vehicles grows.

Timilehin Adejumobi Timilehin Adejumobi
New Development Bank
BusinessHot News

South Africa secures $405 million BRICS-backed loan for infrastructure

South Africa NDB loan worth $405 million will fund a 488-bed hospital and water infrastructure in Limpopo and North West.

Timilehin Adejumobi Timilehin Adejumobi
South African billionaire Patrice Motsepe.
BillionairesBusinessHot News

South African billionaire Patrice Motsepe’s net worth gains $100 million in 10 days

Patrice Motsepe’s net worth rose to $3.7 billion following a $100 million ten-day gain, lifted by an 87 percent earnings jump at Harmony Gold.

Omokolade Ajayi Omokolade Ajayi
South Africa’s Rainbow Chicken
BusinessHot News

South Africa’s Rainbow Chicken profit surges to $82.9 million, declares special dividend

Rainbow Chicken’s profit surged 134.8 percent to R1.34 billion ($82.9 million) in 2026, driven by firmer pricing, lower feed costs and improved farming efficiency.

Omokolade Ajayi Omokolade Ajayi