The new Mercedes-AMG GT 63 S E Performance has landed in South Africa, delivering hypercar-rivalling acceleration with a 0-100km/h sprint in just 2.8 seconds. Priced at R4,369,287, it undercuts the G63 and S63 but packs even more performance thanks to its hybrid powertrain. The car made its local debut at the 2025 Simola Hillclimb, where it dominated the road and supercar category, proving its track-ready credentials. Under the hood, the GT 63 S E Performance combines a 4.0-litre twin-turbo V8 with a 150kW electric motor, producing a staggering 600kW and 1,420Nm—more than even the track-focused GT Black Series and the F1-inspired AMG One. Independent tests at Gerotek confirmed its blistering pace, clocking 0-100km/h in 2.76…
Author: Staff Writer
Sygnia has reported an impressive 18.8% surge in assets under management (AuM), surpassing R405.6 billion in the six months ending March 2025. The growth was driven by strong net inflows of R43.1 billion and market gains of R12.4 billion, a sharp turnaround from the previous period’s outflows. CEO Magda Wierzycka credited the performance to diversified client growth, with institutional AuM rising to R326.7 billion and retail assets climbing to R78.7 billion. The group also increased its interim dividend by 8.9% to 98 cents per share. Despite global political turbulence—including Donald Trump’s unpredictable US presidency—South African markets thrived, with the JSE…
Tongaat Hulett has appointed Gavin Dalgleish as its new CEO to steer the company through its critical business rescue phase. His role, effective from 1 June, focuses on executing the approved turnaround strategy and overseeing the transfer of assets and operations under the “Alternative Transaction.” The move comes as the embattled sugar producer continues efforts to stabilise after entering voluntary business rescue in October 2022. Dalgleish brings extensive experience in reviving struggling sugar businesses, having previously led the Vision Group. However, he will not join Tongaat’s board, instead working directly with the business rescue practitioners (BRPs) to implement recovery plans.…
Momentum’s share price reached an all-time high of R36.11 as the company unveiled its ambitious growth strategy, targeting R7bn in earnings by 2027. Executives, including CEO Jeanette Marais, presented their plans at an investor event in Cape Town, highlighting partnerships with major churches and expansion into new markets. The group aims for a 20% return on equity, with key business units already making progress toward their 2027 goals. One notable partnership is between Momentum’s subsidiary, Metropolitan Life, and the Nazareth Baptist Church, which has around 8 million members. The collaboration will offer tailored funeral insurance and later expand to full…
Renowned South African health and skincare education provider, Isa Carstens® Academy (ISA), is set to join the NetEd private higher education group in terms of a recent transaction between the ISA founders and NetEd Group. This acquisition will enable this iconic wellness education brand to move further into higher education with an expanded reach and new offerings. South Africa’s beauty and personal care sector is experiencing unprecedented growth with an expected compound annual growth rate (CAGR) of 7.2% from 2025 to 2030. ISA, a leader in health and skincare education for over 45 years, is aligning with the industry’s evolution. The…
Raubex Group, a leading infrastructure and construction materials company, reported impressive financial results for the year ending February 2025, sparking an 8.8% surge in its share price. The group’s revenue rose by 21% to R21.08 billion, driven by strong performances across most divisions, particularly its Roads and Earthworks Division, which saw a 19.9% revenue increase to R6.80 billion. Despite global geopolitical tensions and local economic challenges, Raubex maintained a robust balance sheet, with a healthy cash position and a R28.28 billion order book—up 10.3% from the previous year. CEO Felicia Msiza credited the company’s success to its long-term diversification strategy,…
Toyota South Africa Motors (TSAM) recently hosted its thriving Dealer Network for the annual National Dealer of the Year Awards. The pivotal event marked 45 years of market leadership – a celebration of dedication and resilience of a successful partnership with the Toyota Dealer Network. Acknowledging the 45-year partnership milestone, President and CEO of TSAM, Andrew Kirby said: “45 years of market leadership means that Toyota South Africa Motors and it’s Dealer Network have embraced a whirlwind of many high and lows, requiring grit and agility. What sets us apart is the Toyota Way of doing things: collaboration and the…
Irrespective of whether you are an investment manager, financial advisor, wealth manager or another stakeholder in the South African financial services sector, these two words are core to your value proposition and your ability to win and retain clients. In the past, you may have been able to control much of this through hiring the right people or developing a disciplined internal ethos or culture. Today these can be crushed by a rising new threat which can cripple firms overnight. Cybersecurity. Some 65% of South African investment management firms report having no cybersecurity cover according to recent insights by…
A partnership between The United Nations Development Programme (UNDP) and UVU Africa via UVU Accelerate, the entrepreneurial development and incubation arm, has launched the timbuktoo Creative Hub Ideation Incubation Programme, a virtual incubator designed for early-stage creative entrepreneurs across Africa. The six-week intensive programme will provide structured support to help creative founders validate their business concepts, develop entrepreneurial capabilities, and prepare for market entry and investment opportunities. This virtual incubation initiative forms a key component of UNDP’s flagship timbuktoo platform — a bold pan-African initiative designed to unlock Africa’s innovation potential by investing in youth-led startups across the continent. As one of ten…
Maia Capital Partners (www.maiacapital.co.za) and Kholo Capital Mezzanine Debt Fund I (www.kholocapital.com/) announced that they have provided R250 million mezzanine debt funding to Catapult Group (“Catapult”) to fund growth capital expenditure and to refinance a portion of existing senior debt to create cashflow headroom for the business as it embarks on its next growth phase. Catapult is a leading South African manufacturer and distributor of specialized building products, with a strong presence in the commercial, industrial, and residential real estate sectors with a 3,000-store retail distribution footprint. Catapult expanded in the past few years through strategic acquisitions, including the acquisition of…