Tag: South Africa

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South Africa’s Eskom explores World Bank backing for multibillion-dollar nuclear build

Eskom explores World Bank support for a multibillion-dollar nuclear project aiming to add up to 5,200 megawatts to South Africa’s power grid.

Omokolade Ajayi Omokolade Ajayi
Spear REIT’s 2 Long Street commercial property in Cape Town CBD, part of its Western Cape income-generating portfolio.
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Spear REIT expands Western Cape push with new acquisition talks after $60 million raise

Spear REIT advances Western Cape expansion plans after raising R1 billion ($60.2 million), pursuing new income-generating property acquisitions.

Omokolade Ajayi Omokolade Ajayi
South Africa’s CHARGE rolls out off-grid solar EV stations on key highway
BusinessTechnology

South Africa’s CHARGE rolls out off-grid solar EV stations on key highway

South Africa’s electric vehicle infrastructure rollout is gaining ground along one of its most important freight routes, as private developers move to work around persistent limits in the country’s electricity system. The latest step comes from Zero Carbon Charge (CHARGE), which has begun deploying off-grid, solar-powered EV charging stations on the Johannesburg-to-Durban N3 corridor.  The initiative highlights a practical shift…

Oluwatosin Alao Oluwatosin Alao
Gary Nagle, CEO of Glencore, leading the global mining and commodity trading company.
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South African executive Gary Nagle takes $7.4 million pay from Glencore in 2025

Gary Nagle received $7.47 million pay from Glencore in 2025 as profits rose and copper expansion boosted earnings.

Omokolade Ajayi Omokolade Ajayi
KFC bets big on South Africa with 100 new restaurant openings
BusinessExclusive

KFC bets big on South Africa with 100 new restaurant openings

KFC, the world's second-largest restaurant chain is planning a major expansion in South Africa, adding 100 new restaurants over the next year as it doubles down on its largest market on the continent. The move is expected to strengthen the chain’s lead in the country’s highly competitive fast-food industry.  The fried chicken brand already operates more than 1,200 outlets in…

Oluwatosin Alao Oluwatosin Alao
South African billionaire Patrice Motsepe.
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South African billionaire Patrice Motsepe’s net worth slips $100 million to $3.8 billion

Patrice Motsepe’s fortune declines to 3.8 billion as African Rainbow Minerals shares weaken after recent trading pressure.

Omokolade Ajayi Omokolade Ajayi
OPEC Fund for International Development.
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South Africa secures $150 million loan from OPEC Fund for infrastructure reforms

South Africa secures a $150 million OPEC Fund loan to advance infrastructure reforms in energy, rail, and port systems.

Omokolade Ajayi Omokolade Ajayi
Prosus wins more time for Delivery Hero sale
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Prosus, led by South African billionaire Koos Bekker, targets $3.6 billion Just Eat revenue

Prosus, led by South African billionaire Koos Bekker, targets $3.6 billion revenue from Just Eat within a year as it streamlines operations.

Omokolade Ajayi Omokolade Ajayi
Africa’s first Black billionaire Patrice Motsepe.
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Africa’s first Black billionaire Patrice Motsepe says partnerships boost South Africa’s mining sector

Africa’s first Black billionaire Patrice Motsepe says public-private partnerships are improving South Africa’s mining output and investor confidence.

Omokolade Ajayi Omokolade Ajayi
Gary Nagle, CEO of Glencore, leading the global mining and commodity trading company.
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Gary Nagle: South African executive leading $90 billion London-listed giant, Glencore

Glencore CEO Gary Nagle leads a $90 billion commodity giant reporting stronger earnings and expanding copper projects worldwide.

Omokolade Ajayi Omokolade Ajayi
Westbrooke Investment Management logo representing the South African private equity firm.
BusinessHot News

Westbrooke secures $102 million for UK private equity push with South African capital

Westbrooke raises £75 million ($102 million) in a UK private equity fund backed by South African investors targeting mid-market companies.

Omokolade Ajayi Omokolade Ajayi
South African billionaire Michiel Le Roux.
Hot NewsBillionairesBusiness

South African billionaire Michiel Le Roux loses $300 million despite Capitec’s growth

The decline follows a strong 2025, when Le Roux’s net worth surged by $1.6 billion alongside a broad rally in Capitec Bank shares.

Omokolade Ajayi Omokolade Ajayi