Eskom Holdings SOC Ltd said it will give the transmission unit that it’s transforming into a separate entity a R39.9 billion ($2.6 billion) loan to make sure it can complete …
South Africa
-
-
AfricaBusinessHealthcareSouth Africa
GSK targets delivery of first RSV vaccine after positive results
RSV is one of the few major infectious diseases without a vaccine. the virus causes hundreds of thousands of hospitalizations in older adults each year. GSK Plc said its vaccine …
-
A group of businesses and researchers have announced plans to test electric mini-bus taxis in South Africa beginning from 2023. The pilot programme is set to initially begin around the …
-
BusinessFEATURED NEWSWestern Africa
Alexander Nwuba becomes a non-executive director at African Alliance Insurance.
African Alliance Insurance Plc has appointed Alexander Nwuba as the non-executive director of the insurer. According to a disclosure filed to The Exchange, the appointment has been approved by the …
-
A solar-based internet service provider, Tizeti Network Limited has announced the appointment of Emmanuel Ikazoboh as its board chairman. Mr. Ikazoboh is an independent/Non-Executive Director for Nampak Packaging Limited South …
-
BusinessSpotlight
Active Showmax subscribers surges due to Devilsdorp, Real Housewives and other local shows
Active Showmax subscribers surged to 68% year-on-year, while overall monthly online users increased a pleasing 28% and this was all thanks to local productions such as DevilsDorp, the Real Housewives …
-
Profits for the 52 weeks to end April at Mr. Price has experienced a sales growth due to strong retail sales growth and the acquisitions of Power Fashion and Yuppiechef …
-
AgricultureEconomySouth Africa
South Africa prepares for hard locust season, plans to use US tracking tech
South Africa is banking on a tracking technology backed by the institute of Microsoft’s late co-founder, Paul Allen to tackle the infestation, bracing for a repeat of last season’s locust …
-
BusinessINVESTMENTSouth Africa
Jumbo Steel Mill in a multi million dollar investment with New Kisumu Plant
Kisumu, A local steel manufacturer, Jumbo Steel Mill, has invested Sh2 billion in a new mattress and polyvinyl chloride (PVC) water tank factory in Kisumu. The plant which sits on …
-
Jasure a out on-demand has been bought by Santam by purchasing the remaining 49% stake in the group which it did not already own. Earlier in 2020, the country’s largest …