Tag: South Africa

Tongaat Hulett
BusinessCompaniesHot News

South African sugar giant Tongaat Hulett to exit JSE after 74 years

Tongaat Hulett will leave the JSE after 74 years, ending its market presence as shareholders face no expected recovery from business rescue.

Oluwatosin Alao Oluwatosin Alao
South Africa's Boxer Retail Limited
BusinessCompaniesHot News

South Africa’s Boxer hits $1.46 billion in sales as bargain hunters fuel growth

Boxer hits $1.46 billion in sales, clearing debt and raising dividends as value shoppers flock to its discount aisles across Southern Africa.

Omokolade Ajayi Omokolade Ajayi
The Grasslands National Park
TourismBusiness

South Africa expands its nature tourism offering with new national park

South Africa declares a 10,000-hectare Eastern Cape national park to protect grasslands, secure water supplies and support cattle farmers.

Oluwatosin Alao Oluwatosin Alao
Standard Bank Office
BusinessCompaniesHot News

South Africa’s Standard Bank backs Nigeria-focused OPay with $185 million

Standard Bank is backing Nigeria-focused fintech giant OPay with a $185 million investment as the payments operator prepares for a New York listing.

Omokolade Ajayi Omokolade Ajayi
South African executive Mpumi Madisa
ExclusiveBusinessExecutivesHot News

Mpumi Madisa’s six-year Bidvest turnaround takes profit to $395 million from $11 million loss

Mpumi Madisa’s six-year Bidvest turnaround lifted profit from an $11.3 million loss to $395.4 million, as revenue and international operations grew.

Omokolade Ajayi Omokolade Ajayi
CEO Fani Titi
ExecutivesBusinessHot News

CEO Fani Titi’s Investec stake nears $3 million as executive share awards vest

Investec CEO Fani Titi’s stake rises to 384,704 shares valued at $2.96 million as executive incentive awards vest.

Omokolade Ajayi Omokolade Ajayi
Shoprite expands Sixty60 beyond groceries
Hot News

Shoprite expands Sixty60 beyond groceries with digital vouchers

Shoprite expands Sixty60 beyond groceries, adding instant airtime, data and digital vouchers as it targets South Africa’s $30 billion value-added services market.

Oluwatosin Alao Oluwatosin Alao
Ninety One CEO Hendrik du Toit
BusinessInvestments

Ninety One plans to back infrastructure projects to revive Johannesburg 

Ninety One aims to mobilize private capital to help repair Johannesburg’s infrastructure and restore investor confidence.

Timilehin Adejumobi Timilehin Adejumobi
Eskom
BusinessEnergy

Eskom launches 6 GW renewable energy programme in South Africa

Eskom is seeking private investors for a 6 GW renewable energy programme in South Africa, including solar, wind and battery storage projects.

Oluwatosin Alao Oluwatosin Alao
LekkeSlaap
BusinessTourism

South Africa’s LekkeSlaap sold to Consortium as founders exit

South African investors have acquired LekkeSlaap as its founders exit, with the 40,000-property platform targeting wider Southern African growth.

Oluwatosin Alao Oluwatosin Alao
Andersen Group
BusinessCompanies

Andersen Group buys South Africa’s Merchantec in three-acquisition push

Andersen Merchantec acquisition gives the firm a South African investment banking foothold as 19 deals add about $190 million in 2026.

Timilehin Adejumobi Timilehin Adejumobi
South Africa's platinum giant, Valterra Platinum
BusinessCompaniesHot NewsMining

South Africa’s platinum giant, Valterra, moves to seize Western supply shift

Valterra Platinum moves to supply Western buyers hunting critical minerals, aiming to turn shifting global supply chains into market gains.

Omokolade Ajayi Omokolade Ajayi