Tag: South Africa

Prosus wins more time for Delivery Hero sale
TechnologyBusinessHot News

Koos Bekker-led Prosus wins more time for Delivery Hero sale following rejected $11.6B Uber bid

Prosus wins a crucial EU deadline extension to October 11, giving it time to block Uber from acquiring Delivery Hero after a rejected $11.6 billion bid.

Omokolade Ajayi Omokolade Ajayi
Nigerian business executive Oghale Elueni.
Hot NewsBusiness

PZ Cussons Nigeria names Oghale Elueni new CEO following 246 percent profit surge

PZ Cussons Nigeria appoints Oghale Elueni as managing director and CEO following a stellar 246 percent net income recovery to $28.6 million.

Omokolade Ajayi Omokolade Ajayi
Cape Town, South Africa's second-largest city.
Hot NewsBusiness

South Africa’s business confidence slips as oil surge, rate hike weigh on companies

South African business confidence slips to 39 as oil prices, Middle East tensions and rate hikes pressure spending, hiring and investment decisions.

Omokolade Ajayi Omokolade Ajayi
Cape Town-based executive Alan Keet, a regional leader at Apex Group overseeing African operations.
Hot NewsBusiness

Alan Keet eyes next growth phase after Apex Group hits $300 billion in South African assets

Following a massive $300 billion asset milestone, Alan Keet outlines Apex Group's next phase: driving growth through on-chain tokenization.

Omokolade Ajayi Omokolade Ajayi
Telkom SA SOC Limited.
TechnologyBusinessHot News

Telkom SA revenue grows to $2.74 billion on consumer demand strength

Telkom SA posts higher revenue to R44.48 billion ($2.74 billion), driven by strong data demand, consumer growth, and improved efficiency.

Omokolade Ajayi Omokolade Ajayi
South Africa’s gasoline prices rise to a record as fuel relief measures are rolled back.
Hot NewsBusiness

South Africa gasoline prices hit record with relief rollback

South Africa’s gasoline prices rise to a record as fuel relief measures are rolled back amid Middle East conflict and rising global oil costs.

Omokolade Ajayi Omokolade Ajayi
South African packaged foods giant Tiger Brands Limited.
Hot NewsBillionairesBusiness

South Africa’s Tiger Brands reports $1.1 billion H1 revenue on volume growth

Tiger Brands reports $1.1 billion revenue as operating income rises 26.1 percent, driven by volume growth, margin gains, and efficiency improvements.

Omokolade Ajayi Omokolade Ajayi
Alan Dickson
BusinessHot News

South Africa’s AECI names Alan Dickson as new group CEO

South African chemicals and explosives group AECI has appointed Alan Dickson as its new Group Chief Executive Officer and executive director, selecting a long-time industrial executive to steer the company through its next phase of restructuring and growth.  The appointment, effective July 1, 2026, follows a board-led selection process overseen by AECI’s nominations, governance and directors affairs committee. Dickson will…

Oluwatosin Alao Oluwatosin Alao
Komati Power Station-in South Africa.
Hot NewsBusiness

South Africa may extend coal plants as gas delays slow power transition

South Africa considers extending coal plant life as gas project delays threaten its shift to cleaner power generation.

Omokolade Ajayi Omokolade Ajayi
South African property investment company Putprop Limited.
Hot NewsBusiness

Putprop agrees to sell Gauteng properties for $10.3 million in portfolio shift

Putprop agrees to sell Mamelodi Square and Dobsonville assets in Gauteng for $10.3 million, advancing portfolio rebalancing strategy.

Omokolade Ajayi Omokolade Ajayi
South African pharmacy retailer Dis-Chem Pharmacies.
Hot NewsBillionairesBusiness

Dis-Chem revenue climbs 9% to $2.64 billion on retail and wholesale growth

Dis-Chem revenue rises 9% to $2.64 billion as retail and wholesale growth, store expansion and healthcare investments lift performance.

Omokolade Ajayi Omokolade Ajayi
Green bonds
BusinessHot News

South Africa targets green bonds in $228 billion ESG push 

South Africa plans a $228 billion ESG funding framework using green bonds and climate finance to support its long-term energy transition.

Timilehin Adejumobi Timilehin Adejumobi