Tag: South Africa

South Africa raises sugar import tariff to protect local producers
BusinessHot News

South Africa raises sugar import tariff to protect local producers

South Africa raises the sugar import reference price to $785 per ton as cheaper imports pressure local producers, jobs and investment.

Oluwatosin Alao Oluwatosin Alao
South African executive Abigail Mukhuba
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South African CFO Abigail Mukhuba’s Sanlam stake rebounds above $2.5 million

A rebound in Sanlam shares has lifted Group Finance Director Abigail Mukhuba’s stake back above $2.5 million, following a 4.5 percent rebound.

Omokolade Ajayi Omokolade Ajayi
Blu Label
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South Africa’s Blu Label rewards investors after Cell C market spinoff

Blu Label resumed dividend payouts and a share buyback after Cell C's JSE listing generated $169 million in cash, cutting debt to $292.2 million.

Omokolade Ajayi Omokolade Ajayi
Abey Kgotle
BusinessHot News

Toyota South Africa Motors appoints former Mercedes-Benz executive Abey Kgotle

Toyota South Africa Motors appoints former Mercedes-Benz executive Abey Kgotle as vice president of corporate affairs.

Omokolade Ajayi Omokolade Ajayi
MTN Group logo, representing the pan-African telecom operator.
TechnologyBusinessHot News

MTN considers banking licences to take on lenders across Africa

MTN Group plans to secure full banking licences across Africa to accept deposits, lend directly, and rival traditional commercial lenders.

Omokolade Ajayi Omokolade Ajayi
Eskom transmission lines carrying electricity across South Africa’s power grid.
BusinessHot News

South Africa pushes $16.5 billion in public works to revive stalled economy

South Africa plans to offer $16.53 billion in public works projects for private bidding to rebuild infrastructure and revive economic growth.

Omokolade Ajayi Omokolade Ajayi
Northam Platinum
BusinessHot News

Northam Platinum sparks takeover interest after unsolicited approach

Northam Platinum shares jump after an unsolicited takeover approach, as the JSE-listed miner opens a competitive process for potential deals.

Oluwatosin Alao Oluwatosin Alao
South African business leaders Noluthando Gosa and Mcebisi Jonas
BusinessHot News

Noluthando Gosa, Mcebisi Jonas-led NtisoAkhona takes stake in $40 billion trust firm

NtisoAkhona, led by Noluthando Gosa and Mcebisi Jonas, acquired a minority stake in FundRock Collective Investments, which manages $40 billion in assets.

Omokolade Ajayi Omokolade Ajayi
Transnet targets Carlton centre and 14 other properties for sale in South Africa
BusinessHot News

Transnet targets Carlton centre and 14 other properties for sale in South Africa

Transnet plans to sell 15 non-core properties across South Africa, including Johannesburg’s iconic Carlton Centre, shopping centres and golf courses.

Oluwatosin Alao Oluwatosin Alao
South African retail giant The Foschini Group
BusinessHot News

South Africa’s Foschini Group eyes job cuts, store closures in major overhaul

The Foschini Group has opened retrenchment talks and mapped out 100 store closures as a retail slump wipes over $600 million off its value.

Omokolade Ajayi Omokolade Ajayi
MTN Group logo, representing the pan-African telecom operator.
TechnologyBusinessHot News

MTN backs midterm targets with $374 million buyback as core cash holds up

MTN launches a $374 million share buyback as stronger African operations lift earnings, free cash flow, and medium-term growth prospects.

Omokolade Ajayi Omokolade Ajayi
Airlink to launch direct flights linking Gqeberha and Mbombela
TourismLuxury

Airlink to launch direct flights linking Gqeberha and Mbombela

Airlink will launch direct flights between Gqeberha and Mbombela from Nov. 16, connecting the Eastern Cape with the Kruger region.

Oluwatosin Alao Oluwatosin Alao