Tag: South Africa

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Remgro posts $307 million half-year earnings; Mediclinic and Rainbow boost results

Remgro posts $307 million half-year earnings, boosted by Mediclinic, Rainbow Chicken, and strong portfolio performance.

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ADvTECH’s Africa expansion lifts operating profit past $120 million in 2025

ADvTECH Group, Africa’s largest private education provider, reported its strongest results to date, crossing the $120 million mark in operating profit for the year ended Dec. 31, 2025. The company said operating profit rose 14 percent to R2.04 billion ($120.7 million), up from R1.8 billion ($106.5 million) a year earlier, as steady enrollment gains and measured fee increases supported growth…

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Sandile Zungu: KZN businessman behind South Africa’s $10 billion lottery, sports license

KwaZulu-Natal businessman Sandile Zungu leads South Africa’s $10 billion National Lottery and Sports Pools license.

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Solar panels
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South Africa’s largest single-phase solar project secures Standard Bank backing

Standard Bank backs South Africa’s 475MW Notsi solar project, powering 140,000 homes and boosting Africa’s renewable growth.

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South African billionaire Patrice Motsepe.
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Gold slump cuts $700 million from South African billionaire Patrice Motsepe’s fortune

Patrice Motsepe loses $700 million as gold drops below $4,500, hitting mining stocks and cutting into his holdings in Harmony Gold and ARM.

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Hot NewsBusiness

Shoprite enters community banking, while Nigerian franchise shuts down

Shoprite acquires R&A Cellular, expanding neighborhood financial services, while its Nigerian operation under Tayo Amusan’s Ketron shuts down.

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Hot NewsBusiness

South Africa’s Exxaro reports $461 million earnings in 2025 as coal drives growth

Exxaro Resources Limited reports $461 million earnings in 2025 as coal output, exports and disciplined costs support growth.

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SPAR moves to rebuild revenue
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South Africa’s SPAR moves to cut jobs amid weak sales and rising costs

SPAR Group introduces retrenchments and cost-saving measures to strengthen operations amid weak trading conditions.

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South Africa’s Vukile buys $202 million stake in Barcelona mall

Vukile acquires a $202 million stake in Barcelona’s Splau mall, partnering with Unibail-Rodamco-Westfield to grow in Spain.

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Hot NewsBusiness

South Africa’s Woolworths to buy $300 million convenience foods supplier, in2food

Woolworths to acquire in2food, boosting premium food supply, supply chain efficiency, and innovation under its existing management.

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MTN CEO Ralph Mupita earns $4.1 million as telecom giant returns to profit

MTN Group posts $2.81 billion profit; CEO Ralph Mupita takes home $4.1 million in 2025 compensation.

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Hot NewsBusiness

Shoprite enters community banking through R&A Cellular acquisition

Shoprite acquires R&A Cellular to expand digital payments and financial services through local spaza shops.

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