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Headline earnings plummeted by 43 percent, falling from R5.17 billion ($275.5 million) in the first half of 2023 to R2.96 billion ($157.8 million) in the same period of 2024.
Speaking at the group’s annual results presentation, Froneman stressed that such an offer would be a last resort measure.
Sanlam CEO Paul Hanratty, a notable figure in South Africa’s business landscape, lauded the company’s robust delivery in the face of extraordinary challenges during the past fiscal year.
While Starlink has not officially addressed the reasons behind the price increment, the timing of the move coincides with Nigeria’s recent currency devaluation.
The initiative aims to provide free access to digital training courses through the newly unveiled Mzansi Digital Learning platform.
As the legal battle unfolds, the retail industry watches closely to see the implications and outcomes of Pick ‘n Pay’s unprecedented move to liquidate a major franchisee in its extensive network.
Thanks to the recent upswing in Dis-Chem’s shares, the Saltzman family’s stake in Dis-Chem has surged by R776.36 million ($41.42 million) since Feb. 19.
Elumelu urged the government to facilitate the transfer of idle gas assets or fields to capable Nigerian investors, fostering gas-related investments and efficient electricity production.
Under the leadership of Hiridjee, Axian Telecom has achieved remarkable growth since 2015, ranking as Africa’s seventh-largest mobile operator.
The sale comes amid NCBFG’s plans for an additional public offering (APO) aimed at issuing between 300–450 million new shares to raise over $20 billion.
Union’s ventures reflect her multifaceted persona, spanning haircare, nutrition, fashion, and beyond, all infused with her signature activism.
Masiyiwa emphasized the significance of responsible AI in fostering economic opportunities and empowering individuals and businesses across Africa.
The pre-Series-A funding round brings MDaaS Global’s total funding since its inception to $6.8 million.
The ambitious plan involves injecting $50 million into planting hybrid tea for export and an additional $100 million into Rwandese companies across vital sectors.
Egyptian businessman Medhat Khalil, the founder and chairman of Raya Holding holds a majority stake of 58.1 percent in the Cairo-based investment conglomerate
This surge solidifies his standing as one of South Africa’s leading businessmen and investors.