South Africa

Sanlam has made an offer to buy a controlling stake in black-owned JSE-listed investment group AfroCentric, which owns medical aid administrator Medscheme. Sanlam wants to acquire at minimum 36.6%, or …

Glencore faces a raft of class-action style lawsuits from investment and pension funds in the UK, months after the mining giant pleaded guilty to market manipulation and bribery.  Mubadala Investment …

The Supreme Court of Appeal (SCA) has ruled that Airports Company South Africa (ACSA) is not entitled to amend an objection against an additional assessment of its 2011 tax year …

Top global diamond producer De Beers has announced oil and energy industry executive Al Cook as the new CEO of the group, taking over from Bruce Cleaver who will move …

Kumba Iron Ore, a subsidiary of Anglo American, has warned its production will be hit by the organization-wide strike at Transnet. Kumba on Monday said it had received a notice …

PetroSA is taking steps to end a legacy of mismanagement and continuing annual losses as it plans a project with TotalEnergies , according to its interim chairman. The state-owned oil …

South African Airways (SAA) has resumed its operations in Kenya after shutting down for the last two years. The South-African national carrier has opened a new booking office in Yaya …

South African retail giant Massmart, which operates the Game Stores, plans to shut down its three outlets in Kenya, after rival supermarkets snubbed sale offers, giving a new dimension to …

Oceana, South Africa’s Fishing group will be selling its commercial cold storage (CCS) business to a consortium of investors in a R760 million deal, a transaction that it says will …

The value of Safaricom at the Nairobi bourse has dipped below the Sh1 trillion mark on foreign investors’ flight in the wake of rate hikes in the US. The telco …