Business

MultiChoice powers CANAL+ revenue, earnings growth

Global media and entertainment company CANAL+ has delivered a strong first half boosted by the acquisition of Africa's leading video entertainment and pay-TV platform...

Supermarket chain Boxer packs more punch with 19 new stores

Supermarket chain Boxer Retail has stepped up its store expansion with 19 new outlets in the first 20 weeks of its financial year as...

Treasury makes U-turn on municipal funding freeze despite non-compliance

The National Treasury has reversed its decision to withhold the local government's equitable share from municipalities in an effort to prevent further disruption to...

Kumba dividend slashed 52% as earnings plunge

Kumba Iron Ore earnings and shareholder payout have taken a major hit in the interim results for the period ended June 30. The Anglo American-owned...

Canal+ commits R19bn to French film industry in landmark 5-year deal

Global media giant Canal+ has committed to invest €980 million (approximately R19-billion) in French and European cinema over the next five years under what...

SA Corporate appoints seasoned deal-maker Donnovan Pydigadu to board

SA Corporate Real Estate has appointed seasoned property deal-maker Donnovan Pydigadu as an independent non-executive director and member of its audit and risk committee. The...

Vodacom bets on Safaricom to drive African expansion

Vodacom's acquisition of a controlling stake in Safaricom has marked a turning point for the telecommunications group, transforming it into a more diversified African...

South Africa doesn’t need more debt. It needs more investment.

Government cannot build prosperity on borrowed money alone This week, South Africa welcomed the announcement of substantial World Bank financing for long-overdue infrastructure development. The...

Investors fear spiking oil prices could threaten stock rally

Deepening conflict in the Middle East has sent oil prices surging and Treasury yields climbing to levels that have equity investors on edge, raising...

Hybrid seed leading revival of cotton farming in Zimbabwe

‘Improved genetics central to efforts to revive cotton sector’ For more than two decades, 56-year-old Aleck Bikostone has dedicated his life to cotton farming in...