Latest News South Africa
Rail transport
05/02/2020 at 15h49, by Valentin Grille
Portia Derby, new CEO of Transnet and former high-ranking official
On the hunt for a new leader for the past year and a half, the South African rail company has turned...
New technologies
31/01/2020 at 17h35, by Valentin Grille
Skynamo targets economies of scale with $30 million from Five Elms Capital
The South African company specialising in management software has obtained its first external investment...
Renewable energies
17/01/2020 at 17h21, by Africa Business+
Large pool of institutional investors for the Metier Sustainable II green fund
The AfDB has recently joined the South African fund which is targeting $200m by the end of the year...
Bank
07/01/2020 at 14h42, by Aurelie Benoit
After the departure of Barclays, Absa appoints Aaron Daniel Mminele as its new Group Chief Executive
The new head of the South African bank, formerly Deputy Governor at the South African Reserve Bank,...
Bank
12/12/2019 at 16h30, by Valentin Grille
Cheryl Buss takes the helm at Absa International
Absa Bank is expanding beyond the continent with a new head of its international operations.
Bank
12/12/2019 at 16h24, by Valentin Grille
Jonathan Penkin named the new head of sub-Saharan Africa at Goldman Sachs
His appointment follows the retirement of the current chief executive Colin Coleman.
Consumer goods
11/12/2019 at 15h32, by Africa Business+
Grand Parade Investments compelled to sell Burger King South Africa to save its cash flow
Unbridled expansion, a lack of profitability and point of sale closures have marked the diversification...
Oil & Gas
06/12/2019 at 17h44, by Africa Business+
DNG Energy to start LNG bunkering in South Africa
DNG Energy, which has obtained a South African licence to supply marine fuel, is looking to start LNG...
Automotive distribution
02/12/2019 at 15h50, by Gaëlle Arenson
CFAO establishes a South African business unit as part of its takeover of Unitrans (Steinhoff)
South African car dealership group Unitrans, soon to be renamed CFAO Motors, will contribute annual...
Bank
26/11/2019 at 17h32, by Africa Business+
FirstRand in the spotlight after the withdrawal of RMB (34%) and Remgro (3.9%)
The largest shareholder in the South African financial group is planning to sell its assets and divest...
Consumer goods & Retail
21/11/2019 at 17h34, by Africa Business+
RCS Group (BNP Paribas) takes on the Edcon store card debtors book from Absa
By means of this transaction with the subsidiary of BNP Paribas, the South African bank “frees up capital...
Telecoms
20/11/2019 at 17h31, by Valentin Grille
Telkom in takeover talks with Cell C but is wary of its debt
On the South African market dominated by Vodacom and MTN, the country’s third largest operator is looking...
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