Nedbank has finalised its deal to buy 66% of NCBA, a full-service Tier 1 banking group based primarily in Kenya, with branches in Uganda, Tanzania, Rwanda and Côte d’Ivoire. Nedbank says the R13.9 bil...
Iran’s main oil-loading terminals have remained empty for weeks, adding to signs that a US naval blockade of the country is throttling Tehran’s exports. No tankers have docked at Kharg Island’s crude-...
Orion Minerals has secured the first $40 million (R658 million) required to commence development of its flagship Prieska Copper Zinc Mine (PCZM) in the Northern Cape. Work will start on the shallower ...
South African business sentiment steadied in September, underpinned by high precious-metal prices and a pickup in tourism and car sales, though inflationary pressures from high oil prices remain a con...
Lindt is on the search for a new chief executive officer as it revamps management to try to engineer a turnaround through one of the most challenging periods ever for the Swiss confectionary industry....
Lindt’s Chief Executive Officer Adalbert Lechner will leave the company with immediate effect, less than a month after the confectionery maker cut its guidance for a second time this year. Lechner led...
The violence that rocked France this weekend as cost-of-living protests degenerated into looting and burning nationwide is raising alert levels across Europe, where elections will be held in at least ...
Wheat rose after weekend strikes between Russia and Ukraine made any deal to restart exports from the two major producers increasingly unlikely. The most-active wheat contract in Chicago rose by as mu...
South Africa stands a good chance of regaining its investment-grade credit rating within two years and next week’s mid-term budget could take another step toward that goal, according to Investec Wealt...
Finance Minister Enoch Godongwana can approach Wednesday’s medium-term budget policy statement (MTBPS) with some relief, with economists estimating that tax collections could exceed expectation by bet...
When the government told Nomondo Mboyi, 67, three years ago that they would build her a new house after hers was destroyed in a storm, she didn’t bother waiting. She started building her own house, u...
Kayode Emmanuel was parked outside the biggest hotel in Nigeria’s capital, the Transcorp Hilton Abuja, waiting for ride requests on his Uber Technologies Inc app. When none came, he did what many Nige...
More than $3.5 trillion of AI infrastructure spending could be at risk of impairment by 2030 as the industry’s investment boom threatens to outpace the revenue required to justify it, according to an ...
About 12 million people voted for their municipal leaders on 1 November 2021, roughly 46% of registered voters. That was the lowest turnout in a local election since democracy. In most metro municipa...
Wits University will begin construction of its R341 million Cultural Precinct in Braamfontein on 1 January 2027, in partnership with Sabvest Capital Limited, a major investment in the arts that will c...
Elon Musk gave $158 million to the GOP’s main super PAC backing Senate candidates in September, making the world’s richest person the biggest US political donor for the second straight election cycle,...
The Royal Swedish Academy of Sciences has awarded this year’s Conor O’Kane in Economic Sciences to the American economists Robert E. Hall and Michael Woodford. The prize was awarded in recognition of...
After several years at McKinsey in South Africa and Nigeria, American-born Brooks Washington set out to build something of his own. His first venture was a beer bottle factory in Ethiopia. It was fo...
Netflix is replacing its chief creative officer with a veteran TV and film executive, Peter Rice, accelerating efforts to reinvigorate growth and reverse a slowdown in viewers and revenue at the strea...
White House Press Secretary Katie Zacharia acknowledged Thursday that she did not pass the California bar exam, but downplayed the results as she sought to get past mounting questions over her legal c...
Tencent Holdings said it identified unexpected behaviour from third-party AI models on its platform, after a research report this week uncovered rogue AI agents in China that originated from a sandbox...
Transnet Engineering and global equipment provider Wabtec have signed a long-term material and technical support agreement valued at approximately R6.6 billion to support Transnet’s Class 43D and 44D ...
South Africa will tighten vehicle-manufacturing rules to “phase out” the practice of importing cars as kits for assembly in the country, Trade Minister Parks Tau said. The country will also stop provi...
Ebola spread to an eighth province in the Democratic Republic of Congo, Reuters reported, as health workers confront a heavy toll among young children, adding new challenges to efforts to contain the ...
The awarding of the 2026 Nobel Peace Prize to distinguished South African jurist and international judge Navanethem ‘Navi’ Pillay is about more than just the recognition of an exceptional individual i...
Durban-headquartered private logistics property developer Newlyn Group has advanced construction on its approximately 150 000m² Newlyn Logistics Park in Gqeberha in the Eastern Cape, with the initial ...
The gap between the share price and the intrinsic net asset value (NAV) of Remgro shares has narrowed over the past 12 months, but it remains at about the same elevated level it was six years ago – at...
Joburg Mayor Dada Morero still does not know if he will be the ANC mayoral candidate in next month’s local government elections. He is nonetheless on the campaign trail, defending his two-year tenure ...
Challenging stock market conditions resulted in a 74% drop in performance fees at PSG Asset Management, as financial services group PSG Financial Services reported 5% growth in headline earnings in it...
Executive pay of CEOs increased 9% to R23.1 million in 2026, while short-term bonuses increased 42%, and long-term incentives increased 67%. In PwC’s 19th Directors Remuneration and Trends Report, the...
Luxury giant Richemont and US retailer Signet Jewelers are in talks to join a consortium that’s in prime position to buy diamond miner De Beers, according to five people familiar with the matter. The ...
Taiwan Semiconductor Manufacturing delivered a better-than-expected revenue outlook, sustaining torrid growth in defiance of rising concerns about the sustainability of a global AI buildout. The globa...
The Constitutional Court ruled in favor of the African National Congress in a dispute over candidates excluded from next month’s municipal elections, a judgment that may force the electoral commission...
Mauritius was calm on Thursday following unrest earlier in the week, the police said. “All the island’s roads are passable and free of any obstructions,” the police said in a statement on Thursday tha...
The thick haze blanketing Singapore as wildfires rage in neighbouring Indonesia is driving a surge in demand for air purifiers and face masks. Several models of air purifiers from brands including Xia...
The smartphone market suffered its worst decline on record in the September quarter, after rising memory costs pushed shipments down 22% with worse to come, according to market researcher IDC. The hig...
Anthropic PBC’s third-quarter results may strengthen the case for its expected initial public offering, though they are unlikely to dispel doubts over the global AI trade, according to some investors ...
The proportion of contributing members of Alexforbes-administered retirement funds who are projected to retire with an income of at least 75% of their final salary rose from 6% in 2021 to 10% in 2025,...
Retailer Clicks has overhauled its ClubCard proposition with instant 10% savings on more than 2 500 health, beauty and wellness products. The move follows rival Dis-Chem’s relaunch of its loyalty prog...
South Africa’s tax system is ill-suited to an economy trapped in low growth. Its complexity drives up compliance costs and creates unnecessary obstacles for businesses. While a broad tax mix gives go...
It’s been a week from hell for JSE bitcoin pioneer Africa Bitcoin Corporation (ABC), with the latest missile coming in the form of a fresh investigation being launched by the Financial Sector Conduct ...
A company linked to South African billionaire Patrice Motsepe said a Tanzanian court has struck out a long-running case brought by Pula Group LLC against him and affiliated firms, in which Pula sought...