Africa Business In The News

Coca-Cola Africa appoints company veteran to lead SA operations

JOHANNESBURG, June 28 – Coca-Cola Africa on Wednesday appointed marketing veteran Roger Gauntlett as general manager of its South Africa business. In this role, Gauntlett will be responsible for managing the relationship with the company’s bottling partner Coca-Cola Beverages South Africa ensuring alignment, sustainable and profitable growth for the beverage giant’s business in the country. […]

Africa Business In The News

‘Tap into diaspora’s economy to boost intra-African trade’ – Afreximbank

KIGALI, June 28 – African Export-Import Bank (Afreximbank) president, Benedict Oramah, said on Wednesday that the African diaspora constituted a large economy outside the continent, and that Africa needed to develop strategies to attract it back into trading within its borders. Oramah decried the lack of market knowledge sating that it was a challenge for […]

Business In The News South Africa

Hollard completes R1.8bln acquisition of Regent Insurance Group

JOHANNESBURG, June 28 – The Hollard Insurance Group on Wednesday completed its R1.8 billion acquisition of the Regent Insurance Group from Imperial Holdings, cementing its place as South Africa’s second-largest short-term insurer. Hollard originally announced its intention to acquire the Regent Group from Imperial in September 2015, but the deal was subject to a lengthy […]

Business Lead South Africa

Six Bloemfontein companies to be prosecuted for price fixing in relation to stationery tender

CAPE TOWN, June 28  – The Competition Commission on Wednesday said it had referred six Bloemfontein-based companies for prosecution for price fixing in relation to a Free State Provincial Treasury stationery tender. “The companies that have been charged are Catha Silkscreen Printers CC (Catha), Molemo Trading CC (Molemo), Lounge 848 CC, Nakanyane Business Solutions CC, […]