South Africa’s Remgro Ltd (REMJ.J) said on Thursday it will buy hospital chain operator Mediclinic International (MDCM.L) in a consortium with Switzerland’s MSC Mediterranean Shipping for 3.7 billion pounds ($4.49 billion). The offer, which …
Lawyers for Elon Musk have subpoenaed JPMorgan Chase and Goldman Sachs for records relating to the billionaire’s plan to purchase Twitter. Musk has requested the banks turn over “documents and communications” relating to how …
Openserve, a South African wholesale network infrastructure provider officially split from its parent Telkom Group on Wednesday, according to an announcement from Telkom. As part of its Q1 SENS announcement, …
Massmart, the embattled owner of Game and Makro, expects its headline loss to increase by at least 51% for the 26 weeks to end-June, to a possible loss of R974 …
Sasol, South Africa’s biggest fuel producer, restarted the Natref refinery it owns with TotalEnergies after delayed oil deliveries last month resulted in a shutdown. The disruption caused Sasol to declare …
Digital Realty, a global real estate investment trust focused on cloud- and carrier-neutral data centres, colocation and interconnection solutions has completed acquisition of South Africa’s Teraco. In a similar field, …
Eskom applied to the National Energy Regulator of South Africa (Nersa) for a 32% electricity tariff increase from 1 April 2023 and will now have to adjust its application after President …
Eskom has provided more details on the contracts awarded to Hyosung Heavy Industries and Pinggao Group for its flagship Battery Energy Storage System (BESS) project. The utility recently confirmed the two …
Toyota South Africa Motors (TSAM) has commenced production of virtually all its models at its Prospection plant in Durban following the suspension of production on 12 April due to significant …
South Africa’s Treasury is finalizing a plan to take over a portion of Eskom’s R396 billion ($24 billion) debt as part of a process to place the struggling electricity company …
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