In a strategic move signaling its evolution from a disruptive startup to a mature financial institution, TymeBank has announced the appointment of Cheslyn Jacobs as its new Chief Executive Officer, effective 1 January 2026. The appointment, which has received the necessary approval from the Prudential Authority of the South African Reserve Bank, marks a pivotal leadership transition for…
In a powerful defense of brand integrity and entrepreneurial effort, prominent South African businessman Lekau Sehoana has publicly championed DJ Zinhle’s jewellery line, Era, amidst a swirling online debate that saw social media users unfavorably comparing her products to cheaper lookalikes found on the fast-fashion platform Shein. The controversy ignited when users on platforms like X (formerly Twitter) and TikTok began…
In a robust display of financial resilience, Anheuser-Busch InBev, the world’s largest brewer, popped the cork on third-quarter results that comfortably surpassed analyst expectations, signaling a powerful return to pre-pandemic norms of shareholder rewards. The Leuven-based beermaker announced a sweeping $6-billion share buyback program over the next two years and, in a move hailed by investors, restored its…
In a major financial and reputational turnaround, South African pharmaceutical giant Aspen Pharmacare has clinched a decisive win in a high-stakes contractual dispute, with the opposing party ordered to pay it €25 million (approximately R500 million). The settlement, announced on Friday, 31 October, brings to a close a saga that has weighed heavily on the…
In a high-stakes legal battle that pits one of South Africa’s most prominent business leaders against the nation’s tax authority, Pieter Erasmus, CEO of Pepkor Holdings, is set to take his fight to the Supreme Court of Appeal (SCA) in a bruising R300 Million dispute with the South African Revenue Service (SARS). The case, which…
In a landmark judgment that fundamentally reshapes the future of online gambling in South Africa, the Supreme Court of Appeal (SCA) has delivered a decisive ruling, drawing a clear and uncompromising line between sports betting and casino-style games. The verdict, handed down on October 30, 2025, explicitly prohibits online sports betting platforms from offering games…
In a significant step towards addressing energy poverty and embracing renewable solutions, the Kingdom of Eswatini has officially opened the search for a private partner to bring electricity to a remote, off-grid community. The Eswatini Energy Regulatory Authority (ESERA) has issued a formal invitation for bids to develop a comprehensive solar-plus-battery minigrid in Bulimeni, a…
In a strategic move set to redefine South Africa’s travel retail landscape, Big Five Duty Free has embarked on a bold new growth chapter. The company, a familiar name to travellers passing through the nation’s airports, is now under the majority stewardship of Maponya Investment Holdings, one of the country’s most prominent and respected black-owned…
A new partnership between the global betting giant Betway and major South African retail chains has ignited a firestorm of public criticism, placing the nation’s complex relationship with gambling under a harsh new light. The initiative, which allows customers to purchase prepaid betting vouchers—ranging from a seemingly innocuous R1 to a substantial R5,000—at Dis-Chem pharmacies…
In a bold move that could redefine the future of a struggling industry, South Africa’s sugar growers have taken a page from the craft beverage playbook, launching Shesha, a groundbreaking energy drink made directly from raw sugarcane juice. This innovative product, born from the heart of the KwaZulu-Natal sugar belt, is more than just a new…
