South Africa

Shares of JSE-listed grocery chain Spar slumped on Wednesday, after it reported muted operating profit growth for its year to end-September, hit by surging costs including for fuel and promotions, …

Eskom’s general executive for generation, Rhulani Mathebula, has resigned from his position and will leave the utility at the end of November 2022. Eskom chief operating officer Jan Oberholzer announced …

Prosus gave up its stake in Russia’s largest social network for nothing, walking away from a company run by an executive under US sanctions.  VK sold the shares acquired from …

SA’s largest mobile operator Vodacom, which has been battling power challenges and the effects of rising inflation, says it spent a record R5.8 billion on its local network in its …

While Samsung is the most dominant smartphone brand in South Africa, companies like Honor, Oppo, and Xiaomi have recently released flagship handsets they hope will help them compete with the …

The Passenger Rail Agency of South Africa (Prasa) has suspended its chief information officer, David Mphelo, in the wake of claims that he was involved in “irregularities in recruitment and …

Amazon.com Inc. is the world’s first public company to lose a trillion dollars in market value as a combination of rising inflation, tightening monetary policies and disappointing earnings updates triggered …

Twitter launched two new verification tools Wednesday but “killed” one of them hours later in a messy start to owner Elon Musk’s campaign to revamp the influential platform following his …

Adidas on Tuesday named Bjorn Gulden, chief of rival outfitter Puma, as its new CEO as the German sportswear giant seeks to emerge from months of turbulence. The Norwegian former …

The developers behind the R4.6-billion multi-purpose complex in Cape Town set to house Amazon’s new African headquarters scored a major court win on Tuesday. The Supreme Court of Appeal dismissed …