Capitec expects bumper earnings as income from credit, value added products rose
Capitec is expecting a sharp rise in headline earnings per share (HEPS) of up to 25% for the year ending February 26. The bank’s trading statement, released on... Read more.
Phumzile Langeni appointed lead director as Nedbank rings board changes
Nedbank has announced a series of changes to its boards, which will see businesswoman Phumzile Langeni appointed lead independent director. Langeni, the cofounder... Read more.
Absa appoints M-Pesa Africa CEO to lead personal, private banking division
Absa has appointed Sitoyo Lopokoiyit as chief executive of personal and private banking (PPB), effective April 2026. Lopokoiyit will leave his role as CEO of one... Read more.
Standard Bank raises alarm as gambling cannibalised household spending
A new report shows that the spending patterns have changed such that consumers are spending more on gambling than on groceries. This was revealed by the 2026 economic... Read more.
Harith General Partners eyes FlySafair after attempt to buy SAA crashed
Pan-African infrastructure investor Harith General Partners has announced plans to acquire South African low-cost airline FlySafair. This marks their second effort... Read more.
Vukile Property Fund’s commuter shopping centres drive growth
Specialist retail real estate investment trust, Vukile Property Fund, has reported gradual growth in festive season trading across its local retail portfolio. The... Read more.
R2.8bn Bidvest Bank sale to Nigeria’s Access Bank falls through
The planned R2.8-billion sale of Bidvest Bank to Nigeria-based Access Bank has been terminated after certain contractual conditions were not met by the agreed long... Read more.
Orion secures R4bn Glencore funding to build Prieska copper-zinc mine
Orion Minerals has secured a $250-million (about R4-billion) funding agreement with commodities giant Glencore to advance the development of its copper and zinc... Read more.
Hyprop sells half of its Woodlands Boulevard shares, pockets R750m
Hyprop Investments, a Real Estate Investment Trust specialising in high-quality shopping centres, has sold half of its stake at Woodlands Boulevard shopping centre... Read more.
Namibia’s demand for extra dam ‘a tall order’
A transboundary water expert has warned that construction of a possible additional storage dam on the Orange River, to allow for the continuation of Phase 2 of the... Read more.
