The Competition Commission has for the first time put hard numbers on how far South Africa’s township and rural businesses are shut out of online retail, and it points to informality, missing capabilities and weak infrastructure as the main reasons. The findings appear in the commission’s inaugural Rural and Township Economy Report, launched on Thursday…
Eskom chairman Mteto Nyati Eskom more than doubled its profit in the year to 31 March 2026, reporting net profit after tax of R30.3-billion against R14-billion the year before. It is the utility’s second consecutive annual profit after eight years of losses. Revenue rose 4.1% to R354.7-billion, earnings before interest, tax, depreciation and amortisation climbed…
Diego Maradona’s 1986 World Cup ball has sold for $3.35m. Maradona scored against England with his hand, later calling it the ‘Hand of God’. Four minutes later, he beat five players to score the ‘Goal of the Century’. Argentina won 2-1 and went on to lift the World Cup. Published On 24 Aug 202624 Aug…
Porsche has agreed to sell its equity stake in Bugatti Rimac. Porsche and Rimac Group established Bugatti Rimac as a joint venture in 2021 to serve as home to the iconic Bugatti brand. In this joint venture, Porsche holds a minority stake of 45%, Rimac Group owns 55%. Porsche also holds a 20.6% stake in…
Prosus’s stake in Delivery Hero will drop to 21.8% after a share sale to Uber. JSE-listed Prosus has sold a 4.5% stake in its German delivery platform, Delivery Hero, to Uber for R5.2 billion. Prosus, which operates as Naspers’s international arm, says the sale is part of a European Commission requirement for its takeover of…
Dangote Petroleum Refinery & Petrochemicals has begun exporting fuel across Africa after reaching full production capacity, marking a shift in regional fuel supply dynamics. The refinery shipped about 456,000 tons of petroleum products in its first export wave, representing less than a fifth of its monthly output. The facility ramped up to its full capacity…
Koos Bekker Naspers and Prosus chairman Koos Bekker has sold shares in both companies worth about R2.5-billion over three trading days, according to regulatory disclosures. Filings published by Naspers and its European-listed subsidiary, global consumer technology investor Prosus, show that a family trust linked to Bekker disposed of shares in the two companies between 17…
Jensen Huang, co-founder and CEO of Nvidia Corp., speaks during a news conference in Taipei on May 21, 2025. I-hwa Cheng | Afp | Getty Images Nvidia CEO Jensen Huang sold 75,000 shares on Friday, valued at about $12.94 million, according to a filing with the U.S. Securities and Exchange Commission. Friday’s sale is part…
Jeff Bezos gestures as he leaves Aman Venice hotel, ahead of their expected wedding, in Venice, Italy, June 25, 2025. Guglielmo Mangiapane | Reuters Amazon founder Jeff Bezos sold nearly three million shares worth $665.8 million over two days in July, a regulatory filing Tuesday showed. The stock sale is part of a plan announced…
