Sanlam buys 25% stake in Patrice Motsepe’s financial firm
This acquisition will involve a combination of a cash subscription and an asset transfer. Specifically, Sanlam will pay R2.41...
Insights, trends and profiles of African businesses.
Shoprite sells its furniture unit to Pepkor for $178.2 million
Shoprite's decision to sell its furniture business comes as the company seeks to reallocate resources and focus on its...
7 ways to improve your business online visibility
In today’s super-connected world, every entrepreneur is eager to elevate their business 7 ways to improve your business online...
Boxer IPO: A lifeline for South African Pick n Pay?
Pick n Pay, a major South African grocery retailer, is aiming to raise up to 8 billion rand ($453...
Bamburi gets higher buyout offer after Tanzania’s Amsons Group
Savannah Clinker Limited has made a competitive offer to acquire 100% of Bamburi Cement’s shares, challenging an earlier offer...
African Energy Chamber endorses Oando’s $783M buyout of Nigerian Agip Oil Company
Nigerian energy company Oando PLC has successfully completed its acquisition of 100% of the shareholding interest in the Nigerian...
Ibex Group takes South African Reserve Bank to court over blocked $508 million payment
Ibex Group, previously known as Steinhoff, has filed a lawsuit against the South African Reserve Bank (SARB) after the...
South Africa’s leading second-hand clothing marketplace Yaga to expand into Kenya and Nigeria
South Africa’s leading marketplace for second-hand clothing, Yaga, has announced plans to expand its operations into Kenya and Nigeria,...
Sibanye Stillwater’s lifeline: Can a $101 million gold deal turn the tide?
South African mining giant Sibanye Stillwater has secured a 1.8 billion rand ($101 million) gold prepayment deal, a lifeline...
Why South African engineering firm Aveng is splitting into two companies
Multinational JSE-listed, engineering-led contractor Aveng has announced plans to divide its operations into two separate entities: McConnell Dowell and...