South Africa’s offshore allowance South Africa limit is set to double for the first time in over a decade, marking a significant shift in exchange control policy. The amount South Africans can send offshore without SARS clearance hasn’t budged since 2011. That’s about to change. On 25 February, Finance Minister Enoch Godongwana announced that the Single…
Equinix South Africa MD Sandile Dube Global data centre operator Equinix is planning to build 160MW of additional data centre capacity in South Africa as part of a R7.5-billion investment push, having acquired land in Johannesburg and Cape Town totalling R890-million. The Nasdaq-listed firm, which opened its first South African data centre in Johannesburg in…
The Samsung Galaxy S26 series was launched during the Galaxy Unpacked event last night. South Korean electronics giant Samsung has released its third-generation artificial intelligence (AI) smartphones, unveiling its flagship Galaxy S series. The S26 series, the launch of which was livestreamed to a global audience during the Unpacked event last night, comprises the Galaxy…
iOCO co-CEO Rhys Summerton. (Photograph supplied) JSE-listed technology services company iOCO, formerly known as EOH, is forging ahead with its share buyback scheme. On Friday, iOCO announced it has repurchased an additional 2 183 365 shares under its ongoing share buyback programme. The shares were bought back between 2 January and 29 January, at prices…
Signage at the SK Hynix Inc. booth at the China International Import Expo (CIIE) in Shanghai, China, on Thursday, Nov. 6, 2025. The expo runs through Nov. 10. Photographer: Qilai Shen/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images South Korea’s SK Hynix on Wednesday reported record full-year profit for 2025, more than doubling…
Watch: BBC asks if breakup of Nato is price Trump willing to pay for Greenland US President Donald Trump has doubled down on his threats to take control of Greenland, saying there is “no going back”. Asked at a news conference how far he was willing to go to acquire the semi-autonomous Danish territory, he…
President Vladimir Putin has doubled down on his core demands for ending the war in Ukraine, saying Russia will lay down arms only if Kyiv’s troops withdraw from territory claimed by Moscow. Putin has long pushed for legal recognition of the Ukrainian territories Russia has seized by force. They include the southern Crimean peninsula, annexed…
Datatec Group CEO Jens Montanana JSE-listed IT multinational Datatec Group has more than doubled its interim dividend after reporting a 109.5% year-on-year jump in headline earnings per share in the six months to end-August 2025. The group, which owns Westcon and Logicalis, declared a dividend of R1.75/share, up 133.3% compared to the dividend of 75c…
Google plans to expand connectivity, as well as increase product access and skills across Africa. US-based internet search giant Google today announced a new subsea cable connectivity hub in SA, as part of a new set of investments in Africa. This, says Google, builds on its long-term $1 billion investment commitment for the African continent….
Nissan Africa president Jordi Vila. Image: Nqobile Dludla/Reuters Nissan is still committed to growing in Africa, with plans to introduce new SUVs and new variants of existing models, its Africa president said on Thursday, even as speculation swirls around the future of its South African plant. New CEO Ivan Espinosa unveiled sweeping cost cuts in…
