South Africa

Eskom applied to the National Energy Regulator of South Africa (Nersa) for a 32% electricity tariff increase from 1 April 2023 and will now have to adjust its application after President …

Vumatel holding company, Community Investment Ventures Holdings (CIVH) wants to increase its share in Herotel from 48% to 100% to help it reach “secondary” cities. Vutamel acquired a 45% stake …

Peter Moyo lost his last bid to claim R250 million damages from Old Mutual, potentially closing all doors for the former CEO to continue fighting the insurer. The Johannesburg High Court …

The owner of Mdantsane City Mall and Cape Town’s Gugulethu Square has acquired one of Alexandra’s biggest shopping centers. Vukile Property Fund has bought Pan Africa Shopping Centre and its future extension …

South Africa’s Treasury is finalizing a plan to take over a portion of Eskom’s R396 billion ($24 billion) debt as part of a process to place the struggling electricity company …

Pick n Pay has launched a new premium range under its private label, targeting customers in its newly revamped middle to top-end stores. The label – The Crafted Collection by …

Opposition parties in the Nelson Mandela Bay Municipality have signed a coalition government agreement, taking the first step to oust the ANC-led alliance governing the metro. On Thursday, parties met …

State-owned ports and rail logistics monopoly Transnet has posted a recovery from the Covid-19 financial fallout, reporting a R5 billion profit for its full-year ended 31 March 2022. This means it has …

Altron System Integration, a leading South African technology solutions provider, has been appointed as an official Aruba Networks Managed Service Provider (MSP). This achievement highlights Altron’s position as an expert …

South Africa’s banking regulator said there is a high risk of money laundering and terrorist financing activity in the industry, citing the extensive use of cash and exposure to overseas …