Equites hikes dividend as strong logistics portfolio delivers
The company is redeploying capital from its UK exit into new local developments, including a massive new facility for a JSE-listed FMCG client.
Category: Africa
Valdene Reddy to become JSE CEO when Leila Fourie retires
Fourie has been CEO since 2019.
Netflix brings video games to its TV service for first time
Taking a major step forward in one of its key growth initiatives.
HSBC plans to privatize Hang Seng at $37bn valuation
Ramping up its exposure to Hong Kong as the financial hub attempts to bounce back from years of economic turbulence.
South Africa books ‘big wins’ on lower inflation, Kganyago says
Vindicating his decision to anchor the rate at the bottom of the bank’s 3% to 6% target range.
Teck cuts copper output at mine that’s key to Anglo deal
The cut by Teck — which will see production impacted through to 2028.
Glencore gets funding ‘lifeline’ from Australia to keep copper smelter afloat
The funds follow an eight-month negotiation over Glencore’s request for financial support to keep its operations running amid rising cost pressures.
AI fintech Optasia targets South Africa’s biggest IPO in a year
Optasia is seeking to capitalise on a 30% advance in South Africa’s benchmark stock index and the frenzied demand to own stakes in AI-powered companies.
Tesla unveils under-$40 000 versions of its top-selling EVs
Making its main vehicles more affordable to counteract the loss of US incentives for electric cars.
Stablecoin adoption poised to drive dollar buying, JPMorgan says
The JPMorgan strategists estimate that around 99% of the total stablecoin supply is pegged one-to-one to the greenback or underlying dollar assets.