The South African Post Office’s joint business rescue practitioners have asked the high court to end the entity’s business rescue, declaring the adopted plan substantially implemented nearly three years after the troubled state-owned company was placed under supervision. Anoosh Rooplal and Juanito Damons launched the application in the Pretoria high court on 12 June, seeking…
Jonathan Raa | Nurphoto | Getty Images The United Arab Emirates’ shock decision to leave OPEC is reverberating across global energy markets, exposing fractures in the powerful oil cartel as production quotas risk prompting other members to follow suit. The country’s decision follows weeks of missile and drone strikes by fellow OPEC member Iran, with…
Mall expansion replaces Pick n Pay kiosks as GoTyme scales hybrid banking. Digital bank GoTyme, formerly TymeBank, is ramping up its expansion into shopping centres, as it accelerates its hybrid ‘phygital’ model built around setting up mall-based customer hubs. The move forms part of a strategic shift in how the ‘neo bank’ engages customers, positioning…
Smoke emanates from smokestacks from an oil refinery in Linden, New Jersey, on March 18, 2026. Kena Betancur | AFP | Getty Images Crude prices extended gains during Asia trading as escalating attacks in the Persian Gulf and U.S. President Donald Trump‘s signals on exiting the Iran conflict even as the Strait of Hormuz remains…
Outgoing Adobe CEO Shantanu Narayen Adobe’s long-serving CEO, Shantanu Narayen, will leave his role once a successor is appointed, the design software maker said on Thursday, sending its shares down over 7% in extended trading on renewed worries around its strategy as it grapples with AI disruption. Narayen’s exit from the role comes after he served…
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…
