Woolworths closes Nigerian stores
Due to high costs of operations and low returns, Woolworths opts to close down stores in Nigeria.
Africa
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 Steinhoff was found dead in what authorities suspect to be a suicide...
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 employees. Office-based policies are now increasing...
State, Provinces & Regions To Materialize Pledges For Global Warming Advocacy
The worldwide pledge to conquer climate change is being materialized...
Latest News
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.
Deals of the day
The following bids, mergers, acquisitions and disposals were reported on Thursday.
ConocoPhilips estimates gains from oil asset sales to reach USD8.9 billion
ConocoPhillips sold various oil assets located in Northern America, Asia and Africa.
Longyuan wins bid, will build wind farms in South Africa
Beijing-based wind farm operator China Longyuan Power Group Corp won a bid to jointly develop wind farms with local companies in South Africa.
