South Africa

On Tuesday, it was announced that Cell C lenders have voted in favor of a compromise cash out offer of 20c for every R1 of debt, bringing the company’s recapitalization …

SA Startup Zapper is considering options to raise capital, including a stake sale, that could value it to nearly $1 billion. The Cape Town-based mobile payments business hired Ernst & …

Last week, Spur launched the very first RocoMamas drive-through outlet opened in South Africa last week, giving the corporation another boost in its efforts to expand its quick service offerings.  …

The Southern African Clothing and Textile Workers’ Union (Sactwu) has said it settled its wage negotiations in the woven cotton sector for a two-year deal, which includes a 7% increase. …

South Africa’s pivotal steel sector will get some much-needed attention at the Steel and Engineering Federation of Southern Africa’s (SEIFSA’s) Mainstreaming the Steel Master Plan Conference to be held in …

Futuregrowth Asset Management, a South African fixed-income money manager with R193 billion of assets, is raising a fund to invest in startups with a strong developmental impact. The company aims …

FNB customers have been left stranded and frustrated as the bank’s online systems were down for hours. Customers could not process any transactions on the bank’s app and online banking. …

Life insurers and unit trust companies South Africa are holding some R33.5 billion for policyholders, investors and their beneficiaries who have failed to claim their benefits. This is in addition …

FNB has announced additional eBucks incentives to help its rewards customers to offset record-high fuel prices. For the next three months, it will give qualifying customers an additional R2 per …

Local automotive subsidiary Mercedes-Benz South Africa (MBSA) has launched a photovoltaic (PV) technology pilot project at its East London plant. It says 360-kilowatt peak (KWp) solar panels were installed on …