Insurance group Clientèle has made a significant move in the industry by acquiring peer group 1Life in a deal valued at approximately R1.9 billion. The acquisition aims to enhance Clientèle’s market presence and create scale in the highly competitive financial services sector.
Author: Staff Writer
Toyota has made a groundbreaking announcement, revealing its plans for an electric version of the iconic Land Cruiser and a fully electric bakkie (pickup truck), signaling a significant shift towards sustainable mobility in the off-roading segment.
Ryan Noach, the outgoing CEO of Discovery Health, has found a new home as the CEO of the DNI Group, a telecommunications and technology holding company. The appointment will be effective from March.
JAC Motors South Africa has introduced the highly anticipated T9 double-cab range, representing the pinnacle of its T-Series line-up.
Standard Bank, one of Africa’s leading financial institutions, is strategically targeting a significant investment in the Democratic Republic of the Congo (DRC), a mineral-rich country in Central Africa.
Volkswagen Group South Africa (VWSA) received the prestigious SJM Flex Environmental award for the 10th time at the 28th annual Exporters Eastern Cape awards on October 20, 2023.
The Nissan Hyper Tourer Concept is a visually striking space-age bus that pushes the boundaries of automotive design. With sharp creases, bold frontal aspect, and fared-in head- and taillamps, it exudes a futuristic and dynamic aesthetic.
South Africa’s largest privately owned insurance group, Hollard, has acquired a significant stake in Simply Financial Services, an insurtech start-up. The move signals Hollard’s commitment to digital transformation and its intent to disrupt the mass-market insurance landscape.
Pick n Pay, the JSE-listed food retailer, has reported a significant half-year loss, leading to a 13% drop in its share price. The company blames the loss on elevated load-shedding costs and intense competition in the market.
Eskom, the state power utility of South Africa, is set to receive a second debt relief payment of up to 20 billion rand ($1.06 billion) from the National Treasury next week, according to the company’s interim CEO, Calib Cassim.