Oceana, South Africa’s Fishing group will be selling its commercial cold storage (CCS) business to a consortium of investors in a R760 million deal, a transaction that it says will …
South Africa
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Massmart in talks to close Game stores in East, and West Africa
South African retailer Massmart said on Wednesday that it had begun staff consultations about closing its Game stores in East and West Africa, after efforts to find domestic buyers for the stores failed. Massmart Chief Executive Officer …
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AfricaEconomyGlobal NewsNewsSouth AfricaSouthern Africa
UN goal to eliminate poverty, hunger, and gender inequality won’t be realised by 2030, a report shows
Seven years ago, the world set an ambitious target to reach UN Sustainable Development Goals (SDGs) by 2030. Halfway to that target year, however, nearly all indicators are off track. …
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AfricaAFRICA NEWSGlobal NewsNewsSouth AfricaSouthern AfricaTechnology
Prosus terminates R85 billion deal to buy India’s BillDesk
Prosus, the consumer internet arm of Naspers, a South African multinational technology company, says its $4.7 billion (R84.8 billion) deal to buy Indian digital payments provider BillDesk has fallen through …
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AfricaAFRICA NEWSBusinessMobile Telecommunications Network (MTN)NewsSouth AfricaSouthern Africa
MTN SA launches green energy programme
MTN South Africa has launched a request for proposal (RFP) which will see the MTN Headquarters becoming a completely “green” office. The operator, whose head office is located on the MTN …
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AfricaAFRICA NEWSBusinessNewsSouth AfricaSouthern AfricaTechnologyTelecommunications
Rain tables formal proposal for Telkom merger
South Africa’s data-only network provider Rain has tabled a formal nonbinding proposal to merge with mobile and fixed-line operator Telkom. Rain’s public expression of interest in a merger in August …
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AfricaAFRICA NEWSBusinessNewsSouth AfricaSouthern Africa
fentanyl enough to kill more than 220,000 people found in a shipment from South Africa
The US Customs and Border Protection agency says it has seized a large quantity of deadly fentanyl in a shipment from South Africa it detained on 21 September. In total, the fentanyl …
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AfricaAFRICA NEWSBusinessEconomyNewsSouth AfricaSouthern Africa
Eskom employees receive an additional 1.5% wage increase
Employees of troubled South African power company Eskom have been awarded a further 1.5% wage increase, backdated to July 2021. The Commission for Conciliation, Mediation and Arbitration (CCMA) ruled on Thursday (29 …
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AfricaAFRICA NEWSBusinessNewsSouth AfricaSouthern Africa
South Africa bans Bain & Co. from public sector contracts for a decade
National Treasury has banned global consultancy firm Bain & Co. from tendering for public sector contracts for a period of 10 years, citing fraud. “The effective date of restriction is …
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AfricaAFRICA NEWSEnergyNewsSouth AfricaSouthern Africa
Turkish Karpowership aims for environmental ruling in SA by April
Karpowership, the Turkish company seeking to supply 1 220 megawatts of power to South Africa, will refile an application to the environment department in a bid to move its project …