South African billionaire Dr. Christo Wiese has sold a stake worth R1 billion in Shoprite Holdings, reducing his shareholding in the retail giant.
Author: Staff Writer
Dr. Ryan Noach, the CEO of Discovery Health, has announced his resignation, leaving the medical aid administrator at the end of this year. His departure comes as a surprise, considering the uncertain future of the healthcare industry with the imminent implementation of National Health Insurance (NHI).
African Bank Holdings has acquired Sasfin Bank’s capital equipment finance unit and Sasfin Private Equity Investment Holdings Proprietary’s commercial property finance business for R3.2 billion.
The South African Revenue Service and other government agencies have successfully disrupted a coal smuggling syndicate operating across five provinces in South Africa.
KPMG, one of the world’s “big four” auditors, has been slapped with a record fine of £21 million ($26 million) by Britain’s accounting regulator, the Financial Reporting Council (FRC).
British automaker Jaguar has made a significant announcement that marks the end of an era for the brand’s sports cars. The company revealed that it will be producing its final petrol-powered sports car in 2024, signaling a shift towards becoming an all-electric car manufacturer by 2025.
South African private equity firm Harith General Partners has announced its acquisition of a 46% stake in Mergence Investment Managers, a larger rival in the industry. The deal aims to leverage the combined assets of R59 billion to support infrastructure projects and other investments across Africa.
The National Prosecuting Authority’s (NPA) Asset Forfeiture Unit (AFU) has obtained a preservation order in the Northern Cape, freezing assets worth R27 million in connection with an alleged Personal Protective Equipment (PPE) corruption case.
Chery, the renowned automobile manufacturer, recently made a significant announcement regarding its upcoming models, the Tiggo 7 and 8 Pro plug-in hybrids.
Cameroonian fintech startup Koree has emerged as the winner of the annual Ecobank Fintech Challenge, securing a top prize of $50,000. The competition, organized by pan-African bank Ecobank Group, aims to support and promote innovative startups in the fintech sector.