Coty posts resilient Q1 2025 results; revenue hits $1.67 billion
The modest increase in revenue came despite a 1 percent foreign exchange impact and the divestiture of the Lacoste license.
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InfraCredit secures $30 million to fund renewable energy projects in Nigeria
The funding will enable InfraCredit to expand renewable energy infrastructure, strengthening energy access in underserved communities.
Motsepe sees $100-million wealth boost amid $195-million lawsuit in Tanzania
This marks a $300 million increase in Motsepe's fortune so far in 2024, up from $200 million at the start of November.
Lowe’s launches $2.5-million relief fund for small businesses in Western North Carolina
Lowe's introduces $2.5 million initiative to expedite recovery for small businesses impacted by Hurricane Helene.
IBL Group to offload stake in Mauritian bank to Access Holdings’ UK subsidiary
Mauritian conglomerate led by Arnaud Lagesse seeks to unlock value from early investment in regional bank.
John Coumantaros’ stake in Flour Mills tops $100 million
This follows a $31.57-million increase in his stake earlier this year, between Sept. 5 and Oct. 9, when his holdings increased from $68.11 million to $99.68 million.
Brait reports $56.45-million profit in first half of 2025 fiscal year
Brait demonstrated notable resilience, with significant profitability and revenue growth.
Adrian Gore’s stake in Discovery tops $500 million
Adrian Gore, one of South Africa’s most affluent executives, owns a 7.19-percent stake in Discovery.
AXIAN Energy expands solar power network in Senegal with $89-million deal
The financing will support the construction of the region's largest battery storage system alongside a photovoltaic array.
TFG takes on Shein, Amazon with faster delivery in South Africa
TFG aims to slash delivery times, setting itself apart from rivals whose shipments to South Africa often stretch to 10 days.
Masiyiwa’s Liquid extends partnership with Western Cape Government in $111-million deal
Liquid aims to improve internet access, supporting mobile learning, job creation, and entrepreneurship.
TAQA Arabia reports $266-million revenue in first nine months of 2024
TAQA Arabia's revenue surged to $266 million in the nine months of 2024, up from $198.3 million during the same period in 2023.
Investor Baloobhai Patel increases stake in Co-op Bank with $1.6-million investment
Baloobhai Patel increases his shareholding in Co-op Bank, strengthening his position as one of the bank’s largest individual investors.
Oprah Winfrey denies $1-million payment for endorsing Kamala Harris’ campaign
The media mogul clarifies she was not compensated for supporting the Democratic candidate.
Pick 'n Pay’s Boxer subsidiary prepares for historic JSE listing
Discount grocery chain Boxer to launch IPO on Johannesburg Stock Exchange, aiming to raise substantial capital for expansion.
Safaricom suspends advertising on Nation Media Group platforms amid critical coverage
Kenya's largest telecom halts ads on major publications following critical reports on data privacy practices.