MTN Group has settled US$300-million (R5.2-billion) in Eurobonds that were due in 2024 early, helping deleverage its balance sheet. The early repayment brings MTN’s dollar-denominated debt down to 35% of total …
The Johannesburg Stock Exchange’s (JSE’s) clearinghouse, JSE Clear, has been granted a licence approved by the Financial Sector Conduct Authority (FSCA), in agreement with the Prudential Authority (PA) and the …
China has lifted its 5-month-long ban on wool products importation from South Africa. The ban, which began in April, was occasioned by the outbreak of foot-and-mouth disease (FMD) in three …
BMW South Africa previewed its latest luxury class vehicles, including the all-new electric i7 xDrive60, on Wednesday, 31 August 2022. While the i7 xDrive60 boasts impressive performance stats for a …
The Internet Service Providers’ Association of South Africa (Ispa) has warned that proposed new domain regulations could severely damage the .ZA brand. The .ZA Domain Name Authority (Zadna) has suggested …
A South African court has delivered a judgement putting an end to the use of seismic waves by energy giant Shell to explore for oil and gas off the Wild …
Barclays, a British multinational universal bank has sold its entire remaining 7.4% holding in South African lender Absa, completing its exit from the continent after more than 90 years. Barclays announced …
Amazon Web Services (AWS) has opened a new office in Johannesburg, to support growing demand for AWS technology in the country. “The new office will support South Africa’s burgeoning cloud …
Cashbuild, the largest retailer of building materials and associated products operating in South Africa, Namibia, Lesotho, Botswana, Swaziland, Malawi, and Zambia is closing its two underperforming stores in Zambia, over …
Pepkor Holdings Ltd, a South African retailer announced Monday that Chief Executive Leon Lourens will resign from the board on Sept. 30 as he intends to retire by March 31, …