Southern Africa

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, …

U.S retail giant Walmart Inc has launched a 6.4 billion rand ($377.6 million) offer to buy the remaining shares of South African retailer, Massmart. They bought the initial 51% in 2011 …

Rebosis Property Fund founded by Sisa Ngebulana is going into business rescue, and its shares have been suspended on the JSE with immediate effect. The property company has been working on …

Transnet announced on Friday a deadlock in wage negotiations, with two labor unions raising the prospect of a strike that could further cripple the state-owned logistics company and impact Africa’s …

Cognition Holdings has announced that it is selling its 50.01% stake in Private Property for R150 million. The shares will be sold to BetterHome, ooba, and Fledge Capital in a single indivisible …

African Bank has come to the rescue of the troubled Ubank. The bank announced on Friday that it is the successful bidder to acquire the majority of Ubank’s disclosed assets …

JSE, The Johannesburg Stock Exchange has disqualified Steinhoff’s former chief financial officer Ben la Grange from acting as a company director for 10 years and fined him a total of …

Nedbank has been ordered to cough up a R2 million penalty for implementing a transaction before competition authorities approved the deal, the Competition Tribunal said on Thursday. In a statement, …

Pick n Pay has migrated its entire on-premises information technology infrastructure to Amazon Web Services (AWS). The retailer worked with Lemongrass Consulting an AWS premier consulting partner with migration and …

Sibanye-Stillwater’s profit for the six months to end-June, slumped by 51% to R12.3 billion from a record level last year. Its latest half-year profit performance is still the third-largest on …