The high court has placed SA Express (SAX) in final liquidation on Wednesday, after it went into provisional liquidation already in April 2020 when a business rescue attempt failed. It …
BusinessSouthern AfricaTransportation & Logisitics
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Southern Africa
- AfricaAFRICA NEWSBusinessGlobal NewsNewsSouth AfricaSouthern AfricaSpotlightTechnology
Twitter shareholders vote in favour of Musk’s $44bn offer
Twitter shareholders approved billionaire Elon Musk’s proposed $44 billion buyout, paving the way for a trial next month to determine the deal’s fate. A majority of Twitter shareholders voted in …
- AfricaAFRICA NEWSBusinessNewsSouth AfricaSouthern AfricaSpotlight
France’s Canal+ doubles stake in MultiChoice in a year
Canal+, a unit of France’s $9.7 billion Vivendi SE, has been speeding up its acquisition of shares in South African television and entertainment company MultiChoice Group, with its stake having …
- AfricaAFRICA NEWSMobile Telecommunications Network (MTN)NewsSouth AfricaSouthern AfricaTechnologyTelecommunications
Operators call for consultation over government’s plan to shut 2G and 3G services in South Africa
South Africa’s biggest telecommunications operators, Vodacom, MTN and Telkom, have called for more consultation over government’s plan to terminate 2G and 3G services by 2025. The companies have warned that further …
- AfricaAFRICA NEWSEconomyEnergyNewsSouth AfricaSouthern Africa
South African government turns to wind amid energy crisis
The South African government has increased the wind energy allocation for Renewable Energy Independent Power Producer Procurement Programme bid window six to 3.2GW due to the urgent need for increased capacity …
- AfricaAFRICA NEWSEconomyNewsSouthern AfricaSponsoredTransportation & Logisitics
South Africa imposes higher anti-dumping duties on tyres from China
The South African government has announced new anti-dumping duties of 38.8% on imported tyres from China. Currently, the duties on eight sizes of tyres, for cars as well as large …
- AfricaAFRICA NEWSBanking, Finance & InvestmentBusinessEconomyNewsSouth AfricaSouthern Africa
AFDB appoints Nomfundo Xenia Ngwenya as the new executive director for South Africa, Eswatini, and Lesotho.
The African Development Bank(AFDB) has named five women including South Africa’s Nomfundo Xenia Ngwenya as executive directors for a three-year term. In total, 12 executive directors were appointed, according to …
- AfricaAFRICA NEWSBusinessNewsSouth AfricaSouthern Africa
Massmart begins shutting unviable Game stores across South Africa
Massmart, subject to a full buyout offer from parent Walmart Inc, has begun shutting unprofitable and unviable Game stores across South Africa. In December 2021, it announced that it had …
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South African Rand firms as dollar weaken before US inflation data
The rand strengthened in early trade on Monday, as the dollar weakened ahead of key US inflation data this week that might give the Federal Reserve room to slow the …
- AfricaAFRICA NEWSBusinessNewsSouth AfricaSouthern Africa
Major damages as dam collapse at South African Diamond mine
A dam at South Africa’s abandoned Jagersfontein diamond mine collapsed early Sunday, triggering heavy flooding that damaged property and killed at least three people. About nine houses were swept away …