The process aimed at recapitalizing Cell C hit a snag this week after a large lender failed to meet a deadline for the submission of instructions, the company announced on …
South Africa
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BusinessSouthern AfricaTechnologyTelecommunications
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AmazonBusinessEnergySouthern AfricaTechnology
Game witnesses sales boost by 27% on generator and inverter as load shedding continues
The annual sales for retailers got boosted by 27% because consumers have been flocking to Game stores to stock up on generators and inverters as load shedding continues. Game said …
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BusinessEnergySouthern Africa
Harith General partners launches new R4.8bn to fund renewable energy projects.
A new $300 million (R4.8 billion) fund has been established to help accelerate the adoption of renewable energy in Africa. Infrastructure investment firm Harith General Partners, and power company Anergi …
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AmazonBusinessSouthern AfricaSpotlight
Amazon expands into South Africa, plans to launch an online marketplace
Amazon plans to launch an online marketplace in South Africa as part of a global expansion in the coming year. Leaked documents seen by Business insider shows (paywalled) shows the …
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BusinessSouthern Africa
Omnia’s turnaround strategy proves successful, annual earning increases by 86%
Omnia’s chemicals producer’s results for the year ended 31 March 2022 showed that its headline earnings per share had jumped from to 361 cents in 2021, to 672 cents which …
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JSE-listed mining company Gemfields has netted a record $95.6 million (around R1.5 billion) at a range of auctions in Bangkok over the past three weeks. The gemstones were all extracted …
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As announced last year at COP26, COP president Alok Sharma will travel to South Africa from 19 to 21 June to support the implementation of the South Africa Just Energy …
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Companies in South Africa focused on employee-centric propositions have embraced global maternity leave policies over country-specific policies, says Nicol Mullins, executive committee member of the South African Reward Association (SARA). …
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Glencore Plc’s first half-profit from trading commodities will be bigger than it typically reports for an entire year, putting it on course for a record 2022 as the resources giant …
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Banking, Finance & InvestmentBusinessSouth AfricaTechnology
Kenya Archives In Diaspora Inflows As It Emerges Worldremit’s Top 3 Markets
Kenya has established itself as a market with increased diaspora inflows after a report by global payments company, World remit indicated that it was among the top 3 countries in …