Pepkor, which owns brands such as PEP and Ackermans, managed to deliver a double-digit earnings increase even as the effects of the July 2021 unrest and KwaZulu-Natal flooding hit the …
South Africa
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Elon Musk reinstates Donald Trump’s Twitter accounts after online poll
The 24-hour poll garnered more than 15 million votes. Musk earlier reinstated accounts tied to conservative media personality Jordan Peterson and satirical website Babylon Bee. Trump’s reinstatement on Twitter is …
Eskom has been ordered by a court to scrap a R16 billion tender award for the maintenance of high-pressure boilers and pipes at its 15 coal-fired power stations after it …
- BusinessEconomyOil & GasSouth Africa
TotalEnergies is planning to explore for oil offshore South Africa’s West Coast
TotalEnergies is planning to explore for oil offshore South Africa’s West Coast, where environmental groups have increasingly opposed such activity. The French explorer proposes to drill one well, which could …
- BusinessEconomySouth Africa
SAB launches a new logo which represents it’s positive outlook for the country
South African Breweries (SAB) has launched a new logo which the company says represents its positive outlook for the country, with its CEO optimistic about local prospects – even as …
- BusinessCryptocurrencyMarketsSouth Africa
cryptocurrency market maker Ovex cancelled FTX financial services license in South Africa
South African cryptocurrency market maker Ovex has cancelled and removed FTX as a juristic representative, cutting off the international exchange’s access to its local Financial Service Provider (FSP) license. “FTX …
- BusinessEconomySouth AfricaTechnology
Elon Musk postponed the relaunch of twitter after fake account frenzy
Twitter’s new owner Elon Musk on Tuesday postponed the relaunch of the site’s paid subscription service after a first attempt saw an embarrassing spate of fake accounts that scared advertisers. …
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, …
- BusinessFinance & ServicesSouth Africa
Eskom generation boss resigns his position with immediate effect
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 …