This week, the ever aggressive South African business world has seen two major companies, Vivo energy and Naspers all set to list on Johannesburg Stock Exchange (JSE).
Vodacom Eastern Cape region has embarked on a crucial network investment drive in that province and has already invested R300 million, about $21 million, over the past three years to ramp up network investment in deep rural areas of the Eastern Cape.
S&W Seed Company has created a joint venture with Canadian-based AGT Food and Ingredients subsidiary, AGT Foods Africa Ltd, to form a new company registered in South Africa.
Mounting pressure on financial service institutions has forced a change in strategy as disruptors redefine the competitive landscape.
The Legatum Center for Development and Entrepreneurship at MIT, has named South African startup Wala as the grand prize winner of the 2018 Zambezi Prize for Innovation in Financial Inclusion, as well as the regional winner of the MIT Inclusive Innovation Challenge.
The Department of Trade and Industry of South Africa, UNIDO and the Swiss State Secretariat for Economic Affairs have signed a €1.38 million project to support South Africa improve the international competitiveness of indigenous essential and vegetable oils.
Naspers’ Classifieds business, OLX Group, has announced an investment of ZAR 1.4 billion in South Africa’s specialised car buying service, Webuycars.
Naspers has announced its intention to list its Video Entertainment business separately on the Johannesburg Stock Exchange (JSE) and simultaneously to unbundle the shares in this business to its shareholders.
NETSOL Technologies, Inc., a global business services and enterprise application solutions provider, has successfully implemented its NFS Ascent Contract Management System (CMS) in South Africa for a leading German auto captive.
Nestlé and Ashoka have kick-started a social investment accelerator program to accelerate social entrepreneurship and boost the economic development of Africa on 10th September 2018.
Africa50 shareholders have approved the expansion of the Board of Directors to include at least half independent directors.
The South African business delegation that will take part in the World Food Moscow is in Russia to seek export opportunities in the local agro-processing market.
Vivo Energy plc, a pan-African retailer and marketer of Shell-branded fuels and lubricants, has announced that Vivo Energy will be included as a constituent of the FTSE 250 Index and the JSE All Share Index later this month.
Azinam Limited, the Seacrest Capital-backed South West African oil exploration company, has acquired a 40 per cent operating interest in Block 3B/4B and a 51 per cent operating interest in Nearshore Block 3B/4B in the Orange Basin, offshore South Africa.
ADvTECH has announced the acquisition of Monash South Africa (MSA), a leading South African private tertiary education institution with students from more than 50 countries.
As part of employee volunteer programme, Samsung has arranged the Global Start-up Acceleration Programme in South Africa, in partnership with (SEDA) and NGO Nangila to mentor start-ups in various fields to support the sustainable growth of entrepreneurs.
Sygnia shares begin trading on A2X today under share code SYG. Sygnia is the eleventh issuer to secondary list on the exchange. Sygnia retains its primary listing on the JSE.
Raven Property Group Limited has listed on the Johannesburg Stock Exchange (JSE) Main Board.
Cobus Visagie is a chartered accountant and entrepreneur, founder of Africa Merchant Capital, an institution focused exclusively on merchant banking finance and solutions.
Nedbank has partnered with Mastercard to launch Qkr! with Masterpass, a mobile order-ahead and payment platform developed by Mastercard Labs.
Comsol Networks, a leading provider of enterprise-grade wireless infrastructure, and Samsung South Africa have lit up Vilakazi Street in Soweto with a live 5G pilot network.
Opera and Worldreader, the global nonprofit that believes everyone can be a reader, announced on the International Literacy Day that African mobile users have spent more than 4 millions hours of reading books on their mobile phones in 2018.
Subject to regulatory approval, Tokio Marine will acquire a 22.5% stake in Hollard South Africa and Hollard International for approximately R5 billion, fulfilling Hollard’s long-held goal of partnering with a major international insurance group.
ADvTECH hass announced the acquisition of Monash South Africa, a leading South African private tertiary education institution with students from more than 50 countries.
China Mobile International Limited (CMI) has opened a South African office in Johannesburg.
Vodacom region has announced that it has invested over a quarter of a billion rands on capital expenditure over the past two years, targeted primarily at expanding its 3G and 4G footprint.
China Telecom Africa and Middle East has today announced that it is establishing an inter-connection network and telecommunications hub to support growing traffic demands at Teraco Data Environments.
The Department of Trade and Industry (dti) and the motor industry are now close to finalizing the South African Automotive Masterplan which will come into effect in January 2021 and run until 2035.
Global Sports Commerce (GSC), one of the world's largest sports, technology and management companies, has acquired a strategic stake in South African-based company Megapro Holdings.
Vodacom has announced that it has invested over R270 million, approximately $17 million on capital expenditure over the past two years, targeted primarily at expanding its 3G and 4G footprint.
Vantage Capital, Africa’s largest mezzanine debt fund manager, has announced that it has fully exited its investment in New GX Capital, a one hundred percent black family owned investment holding company in South Africa.
East meets Africa in a thrilling fashion and cultural fusion at African Fashion International (AFI) Joburg Fashion Week 2018.
A Study carried out on more than 1000 entrepreneurs in South Africa revealed that entrepreneurship in South Africa is not thriving, despite the fact that South Africa is one of Africa's strongest economies.
In Sub-Saharan Africa, countries with unreliable power cost some companies as much as 31 percent in sales, according to a new study released by the Center for Global Development.
Yoco, the South African-based Point of Sale payments provider, has raised a Series B round of US$16M led by Partech, a Venture Capital firm based in Silicon Valley, Europe and Africa.
Four businesses that are shaking up financial services have been named as finalists in AlphaCode’s recently launched accelerator programme, AlphaCode Accelerate.
Sygnia Limited has been approved for a secondary listing on A2X Markets and will list on Thursday, 13 September 2018.
Members of the public are advised that the Department of Mineral Resources’ Mpumalanga Regional Office will be closed from Monday 3rd September 2018 until further notice.
The South African Government has approved a draft to increase renewable energy generation.
Canadian Solar Inc., one of the world's largest solar power companies has established a joint venture with ET Energy, a global clean energy developer and operator.
Seed Academy reveals the State of Entrepreneurship in South Africa after surveying more than 1000 entrepreneurs across the county.
Avanti Communications, a satellite operator providing Ka-Band satellite data communications services across the UK, Europe, the Middle East and Africa, announces the official launch of its South Africa-based operations as of 29 August 2018.
Basic toiletries, grooming products, medical screenings and haircuts are some of the items that see women spending hundreds to thousands of rands more than their male counterparts.
The JSE,National Treasury (NT) and a multi-stakeholder group ave officially launched the electronic trading platform (ETP) for government bonds.
SpinCar, a global player in automotive merchandising tools has entered into an exclusive partnership with Reach Engage Develop (R.E.D.), a dominant South African digital marketing agency.
The inclusion of new coal in the updated draft Integrated Resource Plan for Electricity will cost South Africa close to R20 billion more than the country need to spend.
IT spending in South Africa will total R276.6 billion in 2018, a 4.3 percent increase from 2017, according to Gartner, Inc. All IT segments are on track to achieve growth this year, with data center systems and servers returning to growth.
Cell C has released its interim results for the period ended 30 June 2018, signaling how South Africa’s third largest telecommunications service provider is on track to deliver substantial growth through its strategic initiatives.
The power of technology and fashion have combined in a thought-provoking project that demonstrates how data can transform African cities.
Absa Corporate and Investment Banking (CIB) has been part of the recently announced Vodacom YeboYethu BEE deal in which it acted as the sole financial advisor.
The Managing Director of Today’s Destiny Traders says research he has conducted as part of preparation for his trip to Mozambique has shown that Mozambique is an emerging economy.
ActiveAllocator Group LLC has announced its expansion into developing markets with the release of a version of its strategic asset allocation system specifically for the South African market.
In a bid to identify tax evaders, the South African Revenue Service (SARS) is actively working towards identifying and tracking various transactions carried out by cryptocurrency traders.
AlphaCode, an initiative of Rand Merchant Investments, has set aside R16 million to identify a new generation of financial services entrepreneurs through its AlphaCode Incubate initiative.
The National Union of Mineworkers (NUM) has declared a wage dispute with the Minerals Council of South Africa.
Workforce Holdings Limited a diversified services group today released interim results for the six months ended 30 June 2018.
The mobile industry is changing at an exponential rate as new influences shape the way consumer expectations rise.
Samsung Electronics Co., Ltd. has announced that its mobile payment service, Samsung Pay, has launched in South Africa.
Uber has announced that drivers and delivery-partners will benefit from partner injury protection.
African Infrastructure Investment Managers (AIIM), one of Africa’s largest infrastructure-focused private equity fund managers, has acquired through its IDEAS Managed Fund - stakes in nine new solar and wind power plants in South Africa.
Mastercard is working with participating banks in South Africa to enable Mastercard cardholders to make quick, secure and convenient in-store payments from their mobile devices using Samsung Pay.
Khora Africa Projects Co-operative Limited, a Tshwane-based food and beverage company is targeting a new market and potential distribution channels for exporting goods and services to Mozambique.
The Deputy Director-General for Trade and Investment South Africa at the Department of Trade and Industry, Ms Lerato Mataboge says export councils are key drivers for South Africa’s economic transformation and that they should be supported and prioritized.
SA Express (SAX) has announced that it will resume its operations on Thursday 23 August 2018.
South African Airways (SAA) has launched one of its flagship initiatives to promote communication between management and its employees.
The South African Revenue Service, the Tobacco Institute of Southern Africa and the Fair-trade Independent Tobacco Association have discussed how to combat illicit trade in cigarette.
South Africa’s government announced that it has lifted the decade-long ban on the importation of avocado fruits from Kenya.
South African retail sales for June 2018 grew by 2.9 percent year-on-year excluding the effects of inflation, marking the weakest pace of growth since October 2017.
Jiangsu Seraphim Solar System Co. Ltd., a global solar product manufacturer, has announced the inauguration of its new PV module manufacturing factory in East London IDZ, Eastern Cape, South Africa.
ExecuJet, part of the Luxaviation Group, has announced that it will be the first business aviation company to operate and manage a Pilatus PC-24 Super Versatile Jet in Africa.
Ford Motor Company’s Silverton Assembly Plant in Pretoria has reached a significant milestone with the assembly of the 500 000th current generation Ford Ranger.
South Africans can now use Masterpass, a global digital payment service by Mastercard, to pay for goods and services at over 20,000 Zapper merchants in South Africa using their smartphones.
The Johannesburg Stock Exchange, JSE, has recorded an improvement in the 2018 ESG Rating, thereby entrenching its place in the FTSE/JSE Responsible Investment Top 30 index.
Zensar, a digital solutions and technology services company that specializes in partnering with global organizations across industries on their Digital transformation journey, has partnered with Education Africa to sponsor 10 students from the region.
Vantage GreenX Fund Managers have announced that through its second renewable energy fund, Vantage GreenX Note II, it has provided R2.05bn of funding to a combination of six solar and wind energy projects with a combined capacity of 433MW.
From September 5-7, 2018 in Cape Town, Africa Oil & Power will welcome the Secretary Generals of the Organization of the Petroleum Exporting Countries.
Johannesburg Stock Exchange- listed Altron has unveiled a new brand which ushers in a significant shift ensuring that the company goes to market under a single identity.
Volkswagen Group South Africa (VWSA) has recruited the third wave of candidates for its Dealer Principal Apprentice Programme.
The Competition Amendment Bill (Bill), introduced in parliament in South Africa recently, has clearly shown that enabling small and medium enterprises and Previously Disadvantaged Individuals to be able to successfully compete in the market.
Blue Label Technology Solutions, value-added distributor to many leading southern African IT channel partners, has appointed industry veteran Ricky Correia as General Manager.
Goodyear South Africa ha appointed Piotr Czyzyk as the new Director for Trentyre and Commercial business.
WITS Enterprise has welcomed a new unit to its fold, The Entrepreneurial Wayz
As part of its accelerated rural coverage programme, Vodacom has announced that it will launch over 200 new rural network sites across all nine provinces in the year ahead
Marcia Ashong, of Ghanaian nationality, is an entrepreneur with experience in upstream oil and gas law, project management, consulting and business development. She founded TheBoardroom Africa, an outfit dedicated to increasing female boardroom participation in Africa, with her co-founder Tamsin Jones.
Wirecard, the global innovation company in digital financial technology has launched secureEFT in South Africa.
Liquid Telecom has delivered the first Microsoft ExpressRoute service peering in Africa – offering customers better performance, tighter security and lower latency.
South Africa’s official unemployment rate increased by 0,5 of a percentage point to 27,2% compared to the first quarter of 2018.
Mastercard and Entersekt have collaborated to enable Nedbank’s customers to make QR payments to Masterpass, Pay@, SnapScan, and Zapper merchants and billers through the Nedbank Money app.
Quest Aircraft has announced the appointment of National Airways Corporation (NAC) as an authorized dealer for the Kodiak in Southern and East Africa.
Duduzile Mkhwanazi is the Chief Executive Officer of South African non-profit organization, Project Isizwe, an organization dedicated to bringing internet access to the populace.
AlphaCode, an incubation, acceleration and investment vehicle for early-stage financial services businesses powered by Rand Merchant Investment Holdings is looking for businesses or ideas that could change the face of financial services.
China's Beijing Automotive Industry Corporation (BAIC) began production at its newly built car assembly plant in South Africa this week.
Sappi Limited, a leading global producer of dissolving wood pulp headquartered in South Africa, has provided further details regarding capital investments at its Saiccor Mill in Umkomaas,
Fiat Chrysler Automobiles has announced the appointment of Juan Wheeler as new Chief Financial Officer of Fiat Chrysler Automobiles South Africa (Pty) Ltd.
The Econet Group and Telecom Egypt have signed a memorandum of understanding that will enable Econet’s Liquid Telecom unit to complete a terrestrial fibre optic network stretching all the way from Cape Town in South Africa to Cairo.
Open Source technology and services specialist Obsidian Systems is proud to announce that it has become an official HashiCorp partner and will provide the South African market with access to next generation data centre management solutions.
Credit protection company TransUnion and South Africa's first vehicle valuation & verification app FirstCheck have partnered to launch South Africa’s first consumer-focused vehicle checking app.
Mansur M. Nuruddin is a founding Partner of MNCapital Africa Advisors, a financial advisory firm focused on the African market.
Growthpoint Properties shares have begun trading on A2X as it became the first property company and tenth counter to join the exchange with its secondary listing. Growthpoint retains its primary listing on the JSE.
Giyani Metals Corporation has signed a research collaboration program with Rhodes University, South Africa, regarding battery-grade manganese within the Company’s flagship Kanye manganese project in Botswana.