Southern Africa business news from South Africa, Zambia, Zimbabwe, Botswana, Namibia, Mozambique and the SADC region.
Glencore Plc, the mining and commodity trading giant, agreed to supply coal to a Japanese customer at one of the highest prices ever paid by the nation, threatening to further …
Shoprite witnessed an increase in share price by almost 5% on Tuesday morning after the company reported strong sales growth for the 52 weeks to 3 July 2022. Sales climbed …
Pick n Pay’ on Tuesday witnessed a jump in share price from 3% after the group posted sales growth of almost 11% for the 18 weeks to 3 July. Its …
Standard Bank will provide Metrofibre Network with R5 billion in financing to facilitate its fiber roll-out and expand its connectivity into homes and businesses in underserviced communities across the country. …
Huawei has managed to retain a relatively large share of South Africa’s mobile vendor market, despite having lost access to Google Services in May 2019. The manufacturer’s vice president of …
JSE-listed Kibo Energy has extended its conditional 10-year take-or-pay power purchase agreement (PPA) for a 2.7 megawatt (MW) plastic-to-syngas power plant in Gauteng, to 20 years. Kibo CEO Louis Coetzee notes …
JSE-listed chemicals and energy giant Sasol says it expects production of petroleum products at its Natref refinery – which it owns with Total Energies SE – to resume by the …
Mr. Price Group has granted CEO Mark Blair a R32.931 million bonus in the year to 2 April 2022, in the form of an allocation in its group forfeitable share …
Telkom is in the process of auctioning off the unused commercial property in its real estate portfolio, with the next batch of buildings set to go under the hammer in …
Twitter reported disappointing second-quarter sales on Friday, another blow to a company that is already fighting a high-profile legal battle with Elon Musk over the fate of the social network. …
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