In a transformative move that underscores a profound vote of confidence in the African continent, Coca-Cola HBC AG has announced a landmark agreement to acquire a 75% stake in Coca-Cola Beverages Africa (CCBA) from The Coca-Cola Company in a deal valued at $2.6 billion. This strategic acquisition, which values the entire African bottler at approximately…
JOHANNESBURG – In a strategic move that blends heartfelt nostalgia with sharp business acumen, MultiChoice has announced a grand celebration for DStv’s 30th anniversary, headlined by a return of the beloved “Open Time” concept and a significant price reduction on its hardware. The initiative is being viewed as a powerful thank you to a loyal subscriber…
In a landmark achievement for the African telecommunications industry, MTN Group has announced it has become the first mobile operator on the continent to surpass 300 million subscribers, cementing its position as a defining force in Africa’s digital transformation. This milestone, reached in its 30th anniversary year, marks the culmination of a three-decade journey that began…
October 20, 2025 – The digital world experienced a massive, simultaneous shudder in the early hours of Monday, as a significant outage at Amazon Web Services (AWS) brought down a vast swath of the internet, from popular games and social media platforms to critical financial and travel services. The incident, originating in the pivotal US-East-1 region,…
FOR IMMEDIATE RELEASE TEMBISA, EKURHULENI – The national spotlight turns to Tembisa this year for the most anticipated gathering on the South African economic calendar: the Township Economy Summit 2025. This premier two-day event, set against the vibrant backdrop of one of South Africa’s most dynamic townships, is poised to solidify its role as the country’s definitive…
In the heart of Limpopo, in the village of Ngwaritsi, the rhythmic clang of steel and the hum of entrepreneurial spirit are embodied in one remarkable young woman: Nonhlanhla “Nature” Magagula. Defying stereotypes and embracing a portfolio of ventures that would daunt even the most seasoned businessperson, Magagula is not just building structures; she is…
In a strategic move emphasizing continuity and internal development, JSE-listed logistics giant Grindrod has announced a leadership transition, naming Kwazi Mabaso as its new Group Chief Executive Officer, effective December 1. He will succeed Xolani Mbambo, stepping into the role from his current position as CEO of Grindrod Terminals. The appointment, confirmed in a statement…
In a dramatic legal maneuver that has sent shockwaves through South Africa’s political and economic landscape, civil rights group AfriForum has successfully obtained a high court interdict, temporarily halting a monumental R54 billion settlement between the National Energy Regulator of South Africa (Nersa) and the beleaguered state-owned power utility, Eskom. The move freezes a deal…
The smartphone landscape of late 2025 has become a stage for a compelling drama of contrasting fortunes, pitting the established hegemony of Apple against the relentless ascent of Xiaomi. At the center of this narrative are their flagship devices—the iPhone 17 Pro Max and the Xiaomi 17 Pro Max—whose recent launches have sparked very different…
In a display of resilient growth that defies the strain on South African consumers, discount retail powerhouse Boxer has reported a robust interim profit of R518 million, underscoring its strategy as the dominant force in the value-conscious market. For the six months ending August 2025, the company, majority-owned by the Pick n Pay group, saw…
