Category: Business

The global mining landscape is poised for its most significant realignment in over a decade, as two of the industry’s most formidable titans, Rio Tinto Group and Glencore plc, have confirmed they are engaged in high-level preliminary talks regarding a potential mega-merger. If consummated, the union would create an unparalleled natural resources behemoth with a combined market value of approximately $207…

In a powerful signal of long-term confidence, the Public Investment Corporation (PIC), Africa’s largest fund manager, has significantly increased its strategic stake in Aspen Pharmacare, solidifying its position as the pharmaceutical giant’s anchor shareholder. The state-owned asset manager, which oversees nearly R2.6 trillion in funds on behalf of public sector clients including the Government Employees…

Minister Gwede Mantashe has announced that fuel prices in South Africa will be adjusted starting from 7 January 2026. These adjustments are based on both local and international factors. South Africa imports crude oil and finished petroleum products, and their prices are influenced by international markets, including shipping and import costs. The main reasons for…

In a landmark move set to reshape South Africa’s energy landscape, Transnet National Ports Authority (TNPA) has signed a decisive 25-year operator agreement for a new R1.4-billion liquefied petroleum gas (LPG) import terminal at the Port of Durban. The deal, struck with a powerful joint venture led by WASAA Gases and the state-owned Central Energy Fund (CEF), represents one of…

 In an extraordinary act of shareholder dissent, South African retail titan Mr Price Group is confronting a blistering public critique from one of its largest institutional investors over its proposed R9.6 billion acquisition of German discount retailer NKD. The asset management firm 36One, led by its outspoken co-founder Cy Jacobs, has issued a sharply worded…

 In a powerful demonstration of returning international confidence, South Africa’s National Treasury has successfully raised $3.5 billion (approximately R59 billion) through a heavily oversubscribed dollar-denominated bond sale. The transaction, which saw investor demand soar to over $8.5 billion—more than double the initial target—represents the government’s largest foreign currency issuance in years and a critical win…

 In a seismic, industry-altering move, streaming behemoth Netflix has emerged victorious from a fierce, multi-party bidding war, securing an agreement to acquire the core entertainment assets of Warner Bros. Discovery (WBD). The landmark cash-and-stock deal, valued at approximately $82.7 billion, positions Netflix to command an unprecedented share of the global streaming market by merging its powerhouse platform…

 In a decisive legal victory for inventor Nkosana Makate, the Johannesburg High Court on Monday dismissed an urgent application by Black Rock Mining (Pty) Ltd to freeze 40% of his long-awaited, multimillion-rand settlement from Vodacom. Acting Judge Don Mahon ruled that the mining firm had failed to provide any convincing evidence that Makate would dissipate…