South African outsourcing company SoluGrowth has opened a new office in Egypt, becoming the first of its kind from South Africa to invest in the country.
Author: Staff Writer
The Renewable Energy Independent Power Producers Procurement Programme (REIPPPP) in South Africa is making a positive socio-economic impact on the industry and the country’s economy, according to Dr Kgosientsho Ramokgopa, the Minister in the Presidency for Electricity.
Prosus, the technology investment arm of Naspers, plans to sell or list businesses that no longer meet its high-return expectations after shareholders voted to untangle its complex cross-holding structure with Naspers.
Woolworths, the food, clothing, and homeware retailer, has announced a significant increase in its total dividend, reaching 313 cents per share for the 52 weeks ending in June 2023. This represents a 36.4% increase compared to the previous period, as the company’s shareholders benefit from the sale of the Australian business, David Jones.
Dis-Chem, a pharmacy and retailer in South Africa, has been instructed by the country’s Information Regulator to take corrective measures or face a fine of up to R10 million after a data breach that occurred over a year ago.
Harmony Gold Mining, South Africa’s largest gold producer, is seeking board approvals to deepen its flagship Mponeng mine in an effort to extend its lifespan.
Mini has introduced two important new models, the all-new Cooper electric hatchback and Countryman SUV, signaling a significant move towards the brand’s electrification goals. The models also feature updated design aesthetics and modern interior electronics.
Afristrat Investment Holdings Limited, a financially distressed JSE-listed financial services company, is awaiting the outcome of a high court application to liquidate the company while its JSE listing remains suspended.
Former Old Mutual CEO Peter Moyo’s application for leave to appeal a ruling against his R250 million damages claim has been denied by the Constitutional Court.
Blue Label Telecoms, listed on the JSE, reported a more than 60% decline in full-year profits as it completed a recapitalization exercise to rescue its struggling subsidiary, Cell C, from its debt burden. Despite the challenges faced, Blue Label Telecoms reported a 6% increase in group revenue to R18.9 billion and highlighted efforts to mitigate the effects of load shedding. The company’s share price experienced a slight lift during early morning trade.