Business Lead South Africa

BP Southern Africa appoints first black female CEO

JOHANNESBURG, August 28  – BP Southern Africa (BPSA) on Monday appointed chartered accountant, Priscillah Mabelane, as its new chief executive. Mabelane is the first woman in the history of the country’s oil industry to head a multi-national company, marking a significant milestone in the organisation and industry’s transformation journey. She will take the helm on 1 September, […]

Business In The News South Africa

Metrofile gets green light for R75million acquisition of Tidy Files

JOHANNESBURG, August 28  – Records and information management firm, Metrofile Holdings, announced on Monday that the Competition Commission had approved its 100 percent acquisition of Tidy Files, a provider of end-to-end document management and storage solutions in Southern Africa. Tidy Files is renowned for the design, supply and implementation of paper-based and electronic document and records […]

Business In The News South Africa

HomeChoice hikes interim revenue to R1.3billion on retail sales growth

JOHANNESBURG, August 28 – JSE-listed home shopping and financial services group, HomeChoice International, on Monday reported a 17 percent increase in headline earnings to R225 million in the six months to June 2017, driven by tight credit management and retail sales growth of 24 percent. Malta-based HomeChoice International is the holding company of HomeChoice, southern Africa’s largest home […]

Business In The News South Africa

Pan Africa granted 20-year water use license for Elikhulu Tailings project

JOHANNESBURG, August 25  – Pan African Resources announced on Friday that the Department of Water and Sanitation has granted it a 20-year Integrated Water Use Licence for Elikhulu Tailings project in Mpumalanga. In December, Pan African approved spending of R1.74 billion in Elikhulu project in a bid to sustain performance. Elikhulu is a venture that is earmarked […]

Business In The News South Africa

NUM women’s structure to march to Chamber of Mines, Eskom and Safcec

JOHANNESBURG, August 24–  The National Union of Mineworkers’ (NUM) Women Structure will embark on a national march to the Chamber of Mines, Eskom and South African Federation of Civil Engineering Contractors (Safcec) on Saturday. The NUM Women Structure on Thursday said it will hand over a memorandum of grievances related to transformation and women empowerment at […]

Business In The News South Africa

ANC congratulates Lodidox on acquisition of Gupta media entities

CAPE TOWN, August 24 – The African National Congress (ANC) on Thursday congratulated Mzwanele Jimmy Manyi’s Lodidox Management on the pending acquisition of Gupta-owned television news channel ANN7 and The New Age newspaper from Oakbay Investments. In a joint statement issued on Monday, Oakbay Investments said the deal with former government spokesman Manyi was for R450 […]