Eskom a South African electricity public utility said that it had fully recovered the funds which were unlawfully paid to its former CEO, Brian Molefe. The R30 million was paid …
AfricaAFRICA NEWSBusinessEnergyNewsSouth AfricaSouthern Africa
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South Africa
- AfricaAFRICA NEWSBusinessFood ProductionNewsSouth AfricaSouthern Africa
Tiger Brands SA recalls baby powder products after traces of asbestos were detected
South Africa’s largest food company Tiger Brands Ltd is recalling its Purity Essentials baby powder products as a precautionary measure after traces of asbestos were detected in test samples, it said …
- AfricaAFRICA NEWSBusinessNewsSouth AfricaSouthern Africa
South Africa halts exports of Valencia oranges to the European Union
South Africa, the world’s second largest exporter of citrus fruit after Spain will voluntarily stop the exports of Valencia oranges, from areas in South Africa affected by a fungal disease …
- AfricaAFRICA NEWSAviationBusinessNewsSouth AfricaSouthern AfricaTransportation & Logisitics
SA low-cost airline Mango a step closer to sale as preferred bidder delivers proof of funding
South Africa’s low-cost airline Mango is one step closer to being sold as its preferred bidder delivered proof of funding, according to business rescue practitioner Sipho Sono. In his latest …
- AfricaAFRICA NEWSBanking, Finance & InvestmentBusinessFinance & ServicesNewsSouth AfricaTechnology
Be Mobile, a new no-fee bank launches in South Africa
Be Mobile Africa, a low to no-fee banking product provider has announced its official launch in South Africa. The Canadian-based “neobank” offers several benefits for South Africans, including no monthly …
- AfricaAFRICA NEWSBuildingEconomyNewsSouth AfricaSouthern Africa
South Africa’s GDP shrinks as load shedding continues to hurt the economy
After a surprise growth in the first quarter of the year, South Africa’s gross domestic product (GDP) decreased by 0.7% in the second quarter of 2022, Statistics South Africa reported …
- 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 …
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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 …