Araxi CEO Bradley Sacks. JSE-listed payment solutions provider Araxi will acquire B2B payment solutions company Pay@ in a R1 billion deal, to be settled in cash. The consideration comprises R200 million from the Araxi Group’s existing cash reserves and R800 million in senior debt already committed. Forty percent of the shares of Pay@ are currently owned…
Young forestry champions in attendance at the Zámba Heritage Congress. PHOTO/FSC. By PATRICK MAYOYO [email protected] When delegates from across Africa and beyond gathered in Nairobi between February 10 and 12 for the inaugural Zamba Heritage Congress, the future of African forests felt palpably on the line. I sat through three days of debate convinced that…
Pick n Pay has issued a stark warning to investors, revealing that its headline loss per share for the 2026 financial year is expected to widen by more than 20% compared to the previous year. The announcement sent the retailer’s share price into a tailspin, dropping 9% in early Johannesburg trading. Read: iPhone 17e to…
Pick n Pay has unexpectedly warned investors that its headline loss per share for the current financial year will widen by more than 20% compared with the prior year, blaming a “highly constrained” trading environment over the critical Black Friday period that dragged down second-half performance. Its share price tanked, and was last trading down…
FIFA will pay $2.3 million in prize money to the club that wins the first Women’s Champions Cup at Arsenal’s stadium next week, with the governing body hailing it as the highest single payout ever awarded in women’s club soccer. The total fund detailed on Friday by FIFA will share $3.9 million among the six…
President Trump said after a meeting with Israeli Prime Minister Benjamin Netanyahu Monday that Hamas must disarm soon or “there will be hell to pay.” He said the next phase of the Gaza peace plan could move forward quickly if Hamas disarms. Standing alongside Netanyahu at his Mar-a-Lago estate in Palm Beach, Florida, Mr. Trump…
Transnet-run Port of Durban is the busiest in sub-Saharan Africa. (Photograph: Wikimedia.) Loss-making Transnet has until noon on Monday to pay Gijima R60 million for work done between July and September this year following failing in its bid to end a R1.5 billion tender. Transnet’s agreement to pay Gijima follows a ruling earlier this month…
Kerry Janse van Rensburg, Pick n Pay’s new head of digital operations. Kerry Janse van Rensburg, Pick n Pay’s newly-appointed head of digital operations, has outlined a roadmap to sharpen the retailer’s digital capabilities, streamline operational performance and accelerate customer-focused innovation. Janse van Rensburg, who stepped into the role in September, as Pick n Pay…
E.tv parent eMedia Holdings has reported a 20.9% year-on-year jump in interim headline earnings per share, even as a slump in television advertising sent its revenue sliding 3.2%. The results, for the six months to end-September 2025, showed surprising resilience in earnings despite one of the toughest television advertising environments South African broadcasters have faced…
Microsoft says it does not disclose or comment on the commercial terms of customer agreements. The Gauteng Provincial Government owes Microsoft R344 million in unpaid licence fees. This was revealed during a recent e-government portfolio committee meeting. According to a presentation by the provincial government’s finance department, it embraced digital transformation by integrating a range…
