Author: Tapiwa Matthew Mutisi

Chinese automotive manufacturer BAIC has announced that its upcoming B30 SUV will be locally assembled at its Coega production facility in Gqeberha, marking a significant milestone in the company’s long-term investment in South Africa. The B30 is scheduled to officially launch in November 2025, with local assembly commencing shortly thereafter.…

Telecel Zimbabwe, one of the country’s mobile network operators, has officially filed for voluntary corporate rescue, a legal process aimed at rehabilitating financially distressed companies. The move, announced by the company’s board, is intended to stabilize operations, protect assets, and chart a path toward recovery. In a formal notice issued…

The Green Climate Fund (GCF) has announced a $40 million equity investment in the Novastar Ventures Africa People and Planet Fund III, a $200 million venture capital fund aimed at supporting early- and growth-stage companies developing climate solutions across the African continent. This investment is designed to address one of…

Walmart, the world’s largest retailer, is officially entering the South African market under its own name, with the launch of its first branded store at Clearwater Mall in Roodepoort, Johannesburg. This marks a major milestone for Walmart and its local subsidiary, Massmart, which already operates well-known chains such as Makro,…

Dis-Chem Pharmacies is ramping up its national footprint and digital transformation strategy, with ambitious plans to expand its retail network and introduce a next-generation loyalty programme aimed at reshaping access to healthcare in South Africa. For the six-month period ending 31 August 2025, Dis-Chem reported robust financial results: Dis-Chem’s wholesale…

Auto24.africa, the online car marketplace backed by global automotive giant Stellantis, has officially launched a new electric vehicle-focused subsidiary, EV24.africa, with operations kicking off in Kenya. This strategic move marks a significant step in accelerating the adoption of electric mobility across East Africa. Kenya was chosen as the launchpad for…

South African startup SeaH4 has claimed the top prize at the ClimateLaunchpad Global Grand Final 2025, held in Vienna, Austria, for its breakthrough algae-based fuel innovation. The company triumphed over more than 2,700 entries from 40 countries, securing the €10,000 (US$12,000) award at the world’s largest green business idea competition.…

AOL, once a dominant force in the early internet era, is set to begin a new chapter under the ownership of Bending Spoons, a Milan-based technology company known for acquiring and revitalizing legacy digital brands. The acquisition, valued at approximately $1.5 billion, was confirmed by multiple sources and is expected…

Stanlib Infrastructure Investments, one of South Africa’s leading institutional investors, has announced a strategic investment in Cassava Technologies to support the rapid expansion of its data centre subsidiary, Africa Data Centres (ADC). The capital injection will be used to develop AI-ready infrastructure at ADC’s campuses in Johannesburg and Cape Town,…

The African Development Bank (AfDB) has approved a $75 million financing package for Nyanza Light Metals, a South Africa-based company, to support the development of a world-class titanium dioxide pigment manufacturing plant in the Richards Bay Industrial Development Zone. This landmark investment is set to transform Africa’s position in the…

Mediterrania Capital Partners, a prominent private equity firm focused on growth investments in North and Sub-Saharan Africa, has announced a landmark €100 million co-investment in Coris Holding, the parent company of Coris Bank Group, the second-largest banking institution in the West African Economic and Monetary Union (WAEMU). The transaction, one…

AfricInvest, a leading pan-African investment platform, has announced a strategic investment in The British University in Egypt (BUE), marking one of the largest foreign direct investments in Egypt’s education sector to date. The capital injection, made through a shareholding increase, is set to fuel the university’s next phase of growth,…

Chinese e-commerce giants Shein and Temu have rapidly emerged as dominant players in South Africa’s online retail landscape, challenging both local and international brands with their aggressive pricing, vast product ranges, and mobile-first marketing strategies. According to a report commissioned by the Localisation Support Fund, the two platforms generated R7.3…

Angola’s state-owned diamond company, Endiama, has formally submitted a bid to acquire Anglo American’s 85% stake in De Beers, intensifying a high-stakes contest for control of one of the world’s most iconic diamond producers. The move comes amid Anglo American’s broader restructuring efforts, which include divesting legacy assets to streamline…

TymeBank, South Africa’s pioneering digital bank with over 11 million customers, is preparing for a major transformation. In the first half of 2026, the bank will officially rebrand as GoTyme, aligning its South African operations with its international identity already established in the Philippines, Vietnam, and Indonesia. The rebranding reflects…

FirstRand, one of Africa’s largest financial services groups, has announced the acquisition of Standard Chartered Zambia PLC’s (SCBZ) Wealth and Retail Banking business portfolio through its Zambian subsidiary, FNB Zambia. The transaction marks a strategic expansion of FirstRand’s footprint in the region and aligns with its broader ambition to scale…

Retail giant Pick n Pay has reported continued progress in its turnaround strategy, narrowing its losses significantly in the first half of the 2026 financial year, though it has acknowledged that a full-year loss remains likely. In its interim results for the six months ended 31 August 2025, the group…

India-based pharmaceutical company Natco Pharma is set to acquire a significant stake in Adcock Ingram, marking a major shift in the ownership structure of one of South Africa’s leading healthcare firms. The acquisition will coincide with Adcock Ingram’s delisting from the Johannesburg Stock Exchange (JSE), ending its tenure as a…

Murray & Roberts Holdings (MRH), one of South Africa’s oldest engineering and construction firms, has officially entered liquidation following a final order issued by the Gauteng High Court. The ruling brings closure to a company that has been a fixture in the country’s industrial landscape since 1902. In a formal…

South African financial services group FirstRand has acquired a 20% equity stake in Optasia, a UAE-based fintech company, ahead of its planned listing on the Johannesburg Stock Exchange (JSE). The strategic investment positions FirstRand to deepen its reach into underserved markets and leverage Optasia’s innovative financial technology platform. Optasia provides…