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Business

Forte Oil To Raise $500 Million To Fund Expansion

Forte Oil, West Africa’s largest petroleum marketing company which is controlled by Nigerian billionaire Femi Otedola, plans to raise up more than $500 million...

Saldanha Bay IDZ Licencing Company Bill Finalised: Massive Job Creation Expected

The SB IDZ Licencing Company Bill was at its final stage and the DA in the Western Cape is pleased with the progress that...

South African Billionaire Patrice Motsepe Invests In Fibre Provider

African Rainbow Capital (ARC), a private investment vehicle controlled by South African mining billionaire Patrice Motsepe, has reportedly acquired an 18.4% stake in Metro...

Aliko Dangote To Acquire Automaker Peugeot Nigeria

Aliko Dangote, Africa’s richest man, has made a bid for a majority stake in automaker Peugeot Automobile Nigeria (PAN) Limited. Nasir El-Rufai, the Governor of...

McDonald’s night-shift workers killed in shootout

Two McDonald’s employees were killed and five injured early on Monday after a vehicle taking employees home was fired on – allegedly by police...

The African Billionaires 2016

There are 24 African billionaires this year, down from 28 last year. Tanzanian businessman and former politician Rostam Azizi, pharmaceuticals tycoon Stephan Saad and...

BayOne for Africa houses Award Winning Brand – Closet London

BayOne for Africa - Africa's first on-line retailer that directly connects international brands and designers to the continent with a new level of convenience...

SA Confidence suffers as Barclays prepares to exit

Barclays Plc’s possible withdrawal from South Africa may turn out to be the economy’s biggest no-confidence vote at a time of financial-market turmoil and...

Read Full SA 2016 Budget Here

This is the full Budget for 2016 as delivered by Finance Minister Pravin Gordhan on Wednesday, 24th February 2016. Honourable Speaker Mister President Mr Deputy President Cabinet...

Bonang Matheba, Aisha R. Pandor, More Cover Forbes Woman Africa

The February/March 2016 issue of the Pan-African magazine; Forbes Woman Africa features the Queen Bee, Bonang Matheba Pan-African magazine, Forbes Woman Africa is out with...

Gareth Cliff wins R25M lawsuit against M-Net

Axed Idols judge Gareth Cliff won a mammoth lawsuit against M-Net on Friday, hours before the first auditions for the show were due to...

South African Reserve Bank Hikes REPO RATE By 50 Basis Points

The South African Reserve Bank has announced that interest rates will increase to 6.75%. Reserver Bank Governor Lesetja-Kganyago JOHANNESBURG – South African Reserve Bank (Sarb) governor...

IROKO Closes $19m Capital & Content Deal As African Digital Entertainment Market Hots Up

Coming hot on the heels of the news that Netflix was now entering the African video-on-demand market, local VC-backed player iROKO has just announced...

Oprah Winfrey made $12 million for tweeting about bread

So what exactly does one have to do to be Oprah Winfrey? Oprah just made $12m in one hour from a single tweet. Oprah Winfrey...

Johan Rupert and Nicky Oppenheimer Richer Than 50% of South Africa’s Population Put Together

Two of the country's wealthiest men have a net asset value that is equal to the property value of the poorest 50% of the...

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