South African retail giant Massmart has sold its Games Discount World stores in Nigeria. The assets were sold to the controlling shareholder of PricePointe Wholesale Club, an organisation that operates …
Southern Africa
- AfricaAFRICA NEWSBusinessNewsNigeriaSouth AfricaSouthern Africa
- AfricaAFRICA NEWSBusinessNewsSouth AfricaSouthern AfricaTransportation & Logisitics
South Africa get biggest petrol price cut since 2020
The price of both 93 and 95 unleaded petrol will be lowered by R2.04 a litre on Wednesday (September 7), the Department of Mineral Resources and Energy announced on Monday. This …
- AfricaAFRICA NEWSBusinessInsuranceNewsSouth AfricaSouthern Africa
South African insurance giant Old Mutual acquires Genric Insurance
Old Mutual Insure on Monday announced a 100% acquisition of Genric Insurance Company, a licensed non-life and specialist insurer focused on bringing innovative and niche insurance solutions to market. According …
- AfricaAFRICA NEWSBusinessEnergyNigeriaOil & GasSouth AfricaSouthern Africa
South Africa joins the list of LNG producers as Renergen begins production
South Africa has joined the list of countries producing Liquefied natural gas ( LNG) as Renergen has started up its production facility at the Virginia gas project. The company announced …
- AfricaAFRICA NEWSBusinessMobile Telecommunications Network (MTN)NewsNigeriaSouth AfricaSouthern AfricaTelecommunicationsWestern Africa
MTN repays billions in foreign debt due 2024
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 …
- AfricaAFRICA NEWSBusinessNewsSouth AfricaSouthern Africa
Johannesburg Stock Exchange Clearinghouse becomes independent
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 …
- AfricaAFRICA NEWSAgricultureBusinessEconomyNewsSouth AfricaSouthern Africa
China lifts 5-month-long ban on wool imports from South Africa
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 …
- AfricaAFRICA NEWSAmazonBusinessNewsSouth AfricaSouthern AfricaSpotlightTechnologyTransportation & Logisitics
BMW previews all-new i7 in South Africa
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 …
- AfricaAFRICA NEWSAmazonBusinessNewsSouth AfricaSouthern AfricaSpotlightTechnology
New rules for .ZA domain in SA could damage the brand in favour of competitors like .COM
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 …
- AfricaAFRICA NEWSBusinessEnergyNewsOil & GasScienceSouth AfricaSouthern AfricaTechnology
South African court stops energy giant Shell from seismic survey along wild coast
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 …