Satellite internet service Starlink, owned by billionaire entrepreneur Elon Musk, officially launched in Lesotho on Monday under the local brand T-Connect Lesotho. This move comes at a time when the …
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South Africa’s Big Four Banks Face R60 Billion Lawsuit Over Alleged Unlawful Home Sales
South Africa’s four largest banks — Absa, Nedbank, Standard Bank, and FirstRand (FNB) — are facing a massive R60 billion class action lawsuit from former homeowners. The plaintiffs claim their …
- EconomyLabourManufacturingSouth AfricaTrade and Commerce
Potential Deadlock in South Africa’s Auto Sector Wage Talks
South Africa’s automotive sector, a vital part of the country’s manufacturing landscape, faces a possible shutdown as wage negotiations reach a critical point. The National Union of Metalworkers of South …
- BusinessEconomyGOVERNMENTMarketsSouth Africa
Dis-Chem’s Saltzman Brothers Inherit R6.8 Billion Shares
Brothers Dan and Mark Saltzman, sons of Dis-Chem founders Ivan and Lynette Saltzman, have recently inherited shares worth about R6.8 billion in the company. This development was made public through …
- Finance & ServicesSouth AfricaTechnology
SARS Launches ‘Express Access’ Feature to Simplify 2025 Tax Season Filing
The South African Revenue Service (SARS) is introducing a new tool called ‘Express Access’ on its eFiling platform, aimed at making the 2025 tax season faster and more user-friendly, especially …
Three persons have been interrogated by the police in Akure over allegations of illegal sale of farmland and destruction of valuable crops belonging to members of the Fasehun family in …
- Banking, Finance & InvestmentBusinessFinance & ServicesNigeriaStanbic IBTC
Stanbic IBTC Pension Urges Women to Start Retirement
Stanbic IBTC Pension Managers has advised Nigerian women to start planning for retirement early, regardless of their income level or employment status. The call was made during the 2025 edition …
- AfricaBusinessBusiness and EconomyEconomyFinance & ServicesGOVERNMENTNigeria
FITC Urges Nigerian, African Firms to Embrace ESG for Growth and Resilience
The Financial Institutions Training Centre (FITC) has called on Nigerian and African businesses to fully embrace Environmental, Social and Governance (ESG) principles as part of their corporate strategy to improve …
The Nigerian Exchange Limited (NGX) opened the week on a bullish note as market capitalisation rose by ₦279 billion on Monday, June 24, 2025, driven by renewed buying interest in …
- EconomyEnergyMarketsPoliticsSouth Africa
Global Shock as US Bombs Iran Nuclear Sites — Oil Prices, Inflation and Markets on Edge
The United States’ surprise decision to bomb nuclear enrichment facilities in Iran over the weekend has dramatically escalated tensions in the Middle East, triggering global market turmoil and raising alarm …