Standard Bank confirms sale of London trading unit
Johannesburg-based Standard Bank said it would be selling its London-based trading unit to a yet-unconfirmed buyer.
Africa
Kenyan President William Ruto Considers Crypto Mining to Power Energy Sector Growth
President William Ruto revealed ongoing discussions with companies such as Marathon Digital, signaling a possible transformation in Kenya's economic terrain.
Businessman Who Shot His Wife to Death Thinking She Was an Intruder Gets Only 12 Years in Prison
A South African businessman was sentenced to 12 years in prison for shooting his wife to death after he mistook her for an intruder in their home...
Tesla Slashes EV Prices in China, Germany and Other Countries in Europe as Sales Drop
Tesla has implemented price reductions in key markets such as China, Germany, and other European countries, following similar cuts in the United States...
Moderna Pauses Kenya Plant Plan After Losing $1 Billion as COVID-19 Vaccine Demand Slumps
Moderna announced on Thursday that it has decided to halt its plans to construct a vaccine manufacturing facility in Kenya due to a decrease in demand for COVID-19 vaccines after the pandemic...
Former CEO Shoots Himself to Commit Suicide After Receiving $25 Million Record-Breaking Fine for Fraud at Steinhoff
After being notified of an arrest warrant against him, a former CEO of...
South Africa's Return To Office Gets Middle Finger From Employees Office-Based Work Policies Increase in 2024
South Africa's return-to-office efforts get a middle finger from emplo...
Latest News
Feronia announces private placement equity investors
Feronia identified the private placement equity investors and the breakdowns as to their purchases.
Marriott International Inc agrees on purchase of Protea Hospitality Holdings brands
Marriott International Inc signed a deal to buy Cape Town-based Protea Hospitality Holdings for an undisclosed amount.
Woolworths closes Nigerian stores
Due to high costs of operations and low returns, Woolworths opts to close down stores in Nigeria.
Top deals of the day - M&As
The following bids, mergers, acquisitions and disposals were reported on Wednesday
Zambian government at odds with Konkola Copper Mines
Issues over tax payments and retrenchment of workers caused Konkola Copper Mines to seek court intervention.
Royal Dutch Shell to drill wells off South African coast by next year
Royal Dutch Shell South Africa GM Jan Willem Eggink confirmed the well drilling as well as the conduct of an environmental impact study.
Anglo American's Kumba unit seeking agreement on raw materials
Exclusive rights to supply material provided by Anglo American Plc's formalized.
G4S to divest poor-performing units, lay off workers in bid to regain market share - report
G4S Chief Executive Ashley Almanza had launched several company restructuring moves, including a divestment of its 35 business units.
Diageo rebottles spirits for African market
The use of smaller 20 centiliter bottles is sought to be the key to cornering the emerging African market.
