MTN Group CEO Ralph Mupita and Abdulsalam Haykal, Syria’s minister of communications and IT, at MWC. (Image supplied by MTN) MTN Group has moved to formalise its exit from the Middle Eastern country of Syria. In a statement today, the South African-based telecommunications giant says MTN Group president and CEO Ralph Mupita met with Syrian…
Nedbank Group reported a 2% increase in headline earnings to R17.2 billion for the year ended Dec. 31, 2025, as it completed the sale of its Ecobank stake and settled a dispute with Transnet. Diluted headline earnings per share rose 3% to 3,628 cents. Return on equity eased to 15.4% from 15.8%. The bank declared…
Renaissance Africa Energy Company, has called for accelerated adoption of cleaner energy solutions across Africa, viewing the ongoing exit of international oil companies (IOCs) as a golden opportunity for indigenous firms to lead the charge. The chief executive officer of Renaissance, Tony Attah, called for Africa’s energy transition to be on African terms, urging global…
Spar Group has revised its SAP roll-out strategy, separating its finance systems migration from distribution centre operations in an effort to reduce disruption – a move that comes as the wholesaler faces a R168.7-million lawsuit from a major franchisee family over the original botched implementation. In a trading update on Monday, Spar said the amended…
Japan’s conservative prime minister Sanae Takaichi has won a landslide victory after she gambled on a high-stakes snap election, exit polls suggest. Takaichi, who took office in October after being elected leader of the governing Liberal Democratic Party (LDP), is set to win between 274 and 326 seats out of a total of 465, according…
The U.S. departure from the World Health Organization became official in late January 2026, according to the Trump administration – a year after President Donald Trump signed an executive order on inauguration day of his second term declaring that he was doing so. He first stated his intention to do so during his first term…
China has said the United States’ decision to withdraw from United Nations bodies and other entities was a proof that the international landscape was witnessing an effective operation of the multilateral system. The Chinese Foreign Ministry emphasised that only such a system can “stop the law of the jungle from prevailing and stop the ‘might…
South Africa coach Hugo Broos rejected suggestions his team had regressed after they exited the Africa Cup of Nations in the last 16 against Cameroon on Sunday, and turned his focus towards the approaching World Cup. A 2-1 defeat against the Indomitable Lions in Rabat ended Bafana Bafana’s campaign in the first knockout round, two…
In a dramatic twist, PZ Cussons has announced plans to retain its Africa business with ambitious growth plans, citing growth in its core business in Nigeria in particular. Recall that the company had in April 2024 announced plans to strategically review its Africa operations, stating its readiness to sell its 50% equity interest in PZ…
Romeo Kumalo, the former Vodacom Group executive and co-founder of LLH Capital Ltd., plans to raise a $200 million private equity fund to invest in artificial intelligence-focused companies across Africa. The move follows LLH Capital’s profitable exit from Optasia, the fintech and AI platform that debuted on the Johannesburg Stock Exchange this week with a…
