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...
Southern Africa
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...
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...
Johann Rupert overtakes Dangote to become Africa’s richest man
South African billionaire Johann Rupert has overtaken Nigerian tycoon Aliko Dangote to become Africa’s richest man, according to 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...
Stephen Saad: The sportsman who built Africa’s largest pharmaceutical empire
In his youth, Stephen Saad envisioned himself either as a professional sportsman or a game ranger, never imagining that...
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...
Qatar Airways acquires 25% stake in South African airline Airlink
Qatar’s flag carrier, Qatar Airways has acquired a 25% stake in South African regional airline Airlink in a bid...
SA’s Technical Systems wins 7-year copyright infringement case against ex-employee
After a protracted seven-year legal battle, South Africa’s Western Cape High Court has ruled in favour of Technical Systems,...