Staff, 7:08 am
The Competition Commission has approved with conditions the intermediate merger that will see Takealot Online (Pty) Ltd acquiring Kalahari.com. Both merging parties are active in the online retailing of consumer goods and products. The merger will be implemented in two steps.
Staff, 2:41 am
Jacques Malan weaves his Toyota Land Cruiser through thorn trees in South Africa’s dusty bushveld, stops and points at an asset he says could be worth $5 million. It’s a buffalo calf named Manyara. Manyara is the half-brother of Horizon, South Africa’s biggest-horned disease-free buffalo bull, who earned his name from his 55-inch wide horns. Malan sold Horizon for a then-record 26 million rand ($2.4 million) in 2012.
Staff, 12:25 am
Federal prosecutors on Monday charged a Texas businessman who allegedly wanted to be the president of Gambia with conspiring with a former U.S. Army sergeant and others to orchestrate a deadly coup attempt in the tiny African nation last week. The handful of coup plotters headed and bankrolled by housing developer Cherno Njie, 57, of Austin, had expected presidential palace guards to flee at a shot in the air when they attacked on Dec. 30, according to a federal complaint.
Staff, 5:00 pm
ICT investments could boost the four core healthcare markets in the Middle East and Africa (MEA), says the International Data Corporation (IDC). According to data released by the IDC spending on IT services and products among healthcare providers in Saudi Arabia, South Africa, Turkey, and the United Arab Emirates (UAE) will grow by 70% over the next five years.
Staff, 3:53 pm
Ghana is expected to conclude a program with the International Monetary Fund by end of February this year. This was revealed by the leader of the government’s team of negotiators talking with the IMF, Professor Kwesi Botchwey. The country in September last year entered into negotiations with the Fund with the hope of securing a three -year program with the IMF.
Staff, 12:42 pm
Choppies is a multinational grocery and general merchandise retailer that was born and bred in Botswana. Over the last 15 years the company has grown from having just two stores, to over 120 in three southern African countries. The retailer expanded into South Africa towards the end of 2008, and most recently into Zimbabwe in 2013. It is also now Botswana’s largest retailer, and its success won it the Transformational Business Award at the 2014 Africa Awards for Entrepreneurship.
Staff, 11:52 am
Business activity in Egypt expanded at its fastest rate in three months in December, a survey showed on Tuesday, with rising output and export demand bolstering a fragile economic recovery. The HSBC Egypt Purchasing Managers Index (PMI) for thenon-oil private sector rose to 51.4 points in December, from 50.7 points the previous month, reaching its highest level since registering a near-record 52.4 points in September.
Staff, 5:55 am
The Tony Elumelu Foundation has announced it is accepting entries for its US$100 million entrepreneurship programme that would feature training, funding and mentoring, designed to empower the next generation of African entrepreneurs. The foundation said the programme will identify and support 1,000 entrepreneurs from across Africa annually over the next ten years
Staff, 5:27 am
The construction of a huge dam in Ethiopia and the introduction of large-scale agricultural businesses has been controversial – finding out what local people think can be hard, but with the help of a bottle of rum nothing is impossible. It is without doubt one of the most sensitive stories in Ethiopia and one the government is keen to suppress.
Staff, 4:42 am
South Africa’s energy regulator is looking at a framework that would enable homes and businesses to receive credits for feeding surplus power they generate from rooftop solar panels back into the constrained electricity grid. “There is growing interest from South African electricity customers to install rooftop photovoltaic systems in order to reduce their electricity bill and supplement their consumption,”