africalatest news & developments
Simbisa Brands, the Zimbabwe operator of Nando’s and Steers restaurants in that country raised revenues over the year to June 2026 by 20%, boosted by an 11% increased customer counts and higher average spending.
RETAIL

Tills chime for Zimbabwe Nando’s and Steers operator

Zimbabwe's Simbisa Brands increased total dividends for its 2026 financial year by 45% to R25.46 per share.

  • Tawanda Karombo
3 min read
The refining and smelting of gold to produce bullion bars at Gold Fields. Its offer to buy the Northern Star gold mining company in Australia has been rebuffed.
MINING

Gold Fields sheds 14.56% on JSE after Northern Star rebuff

Gold Fields shares fell sharply on the JSE after Northern Star’s board declined to engage further on the South African miner’s proposed A$27-a-share takeover offer.

  • Tawanda Karombo
4 min read
Absa is rolling out a new digital platform in Kenya
BANKS

Absa steps up digital banking investment across Africa

Absa is preparing to launch a digital-only banking proposition in Kenya as it expands technology investment and partnerships across its African operations.

  • Tawanda Karombo
2 min read
Matias Cardarelli CEO of PPC
CEMENT

PPC extends CEO Matias Cardarelli’s contract to 2030

PPC CEO, Matias Cardarelli will focus on South Africa operational improvements and growth initiatives in Zimbabwe after his tenure was extended until 2030.

  • Tawanda Karombo
2 min read
In Bapong, a mining village in North West province, several homes are now surrounded by massive pits dug by illegal miners using excavators. Residents say they were offered money in exchange for access to mine chrome, with some allegedly agreeing while others refused.
AFRICA

Illegal mining ravages S.Africa's economic hub

Illegal mining in South Africa pulls in thousands of impoverished men from countries around the region who can spend days underground at a time.

  • Jeanette Chabalala
4 min read
Unstoppable Africa, flagship event of the Global Africa Business Initiative (GABI) to be held in New York this month was convened by UN Secretary-General António Guterres and H.E. Mahmoud Ali Youssouf, Chairperson of the African Union Commission
CONFERENCE
Breaking News

Unstoppable Africa 2026 to bring more than 2,000 leaders to New York

More than 2,000 business leaders and heads of state are expected at the fifth Unstoppable Africa forum in New York on 20–21 September 2026, with discussions focused on…

2 min read
The Seychelles is the kind of destination that can easily keep you inside the resort bubble.
TRAVEL AND TOURISM

Beyond the resort gates: How to really experience island life

Skip the resort brochure. Finding secret spots and authentic street food turns a routine trip into a real adventure.

  • Lutho Pasiya
5 min read
Gloria Serobe, board chairman of the Industrial Development Corporation
INDUSTRIALISATION

IDC tightens strategy to drive job creation and local investment

The Industrial Development Corporation is reshaping its strategy to drive job creation and enhance local economies, forging partnerships and innovations that could transform…

  • Edward West
3 min read
Across South Africa, towns and cities are grappling with rising water demand, climate volatility, ageing infrastructure, and dwindling financial resources.
AFRICA
Breaking News

Mobilising African capital for climate-resilient infrastructure in Nigeria and the continent

AFC Capital Partners has launched the Infrastructure Climate-Resilient Fund Nigeria, aiming to mobilise domestic capital for climate-resilient infrastructure projects across…

  • Edward West
3 min read
ADvTECH Group CEO Geoff Whyte
ADVTECH

Advtech reports strong interim growth with margins rising to 22%

Advtech's latest financial results reflect a strong position in the education sector with 16% interim earnings growth. Discover how robust enrolment figures and improved debtor…

  • Edward West
3 min read
The South African government hosted the South Africa–Zimbabwe Bi-National Commission Business Forum recently where Zimbabwe was highlighted as a key export destination for South African agriculture with over $1 billion (approximately R16 billion) in exports recorded in 2025.
ZIMBABWE

Exploring Zimbabwe's role as a key export market for South African agriculture

At the recent South Africa–Zimbabwe Bi-National Commission Business Forum, agricultural experts discussed the vital role Zimbabwe plays as a key export market for South Africa's…

  • Yogashen Pillay
4 min read
taltile CEO Brandon Wood said the ciompany delivered a stable performance across most business units, with revenue, margins and profits broadly maintained despite a very challenging operating environment.
TILES

Italtile faces pressure from cheap imports as profits decline

Italtile's trading profit has fallen by 10.4% in the 12 months to June 30, due to increased competition from cheaply produced ceramic tiles imported from China,

  • Tawanda Karombo
3 min read
Sivuyile Makiza, head of commercial banking at Access South Africa.
AFRICA
Breaking News

African enterprise needs banks that connect markets

Explore how banks can bridge the connectivity gap in African trade, enabling businesses to navigate complexities and seize opportunities across borders.

  • Sivuyile Makiza
5 min read
Harmony Gold full year gold production for the period amounted to 44 4 tonnes compared to about 46 tonnes in 2025 was supported by robust contributions from its South African underground operations as well as from Hidden Valley in Papua New Guinea..
HARMONY GOLD

Harmony Gold reports significant increase in headline earnings

Harmony Gold anticipates a significant increase in headline earnings per share, driven by elevated gold prices, despite rising operational costs and acquisition impacts.

  • Tawanda Karombo
3 min read
Bill Blackie, Chief Executive for Business and Commercial Banking at Standard Bank Group, said that African businesses are increasingly selling beyond their domestic markets and the ability to accept trusted international payment methods is becoming essential to that growth.
STANDARD BANK

Standard Bank and UnionPay expand e-commerce acceptance across nine African markets

Standard Bank Group and UnionPay International have announced the expansion of UnionPay e-commerce acceptance across nine African markets, enhancing digital commerce and…

  • Yogashen Pillay
2 min read
MTN Rawanda's service revenue for the half year to June 30, 2026 increased 21.9% compared to the previous same period a year before.
MTN
Breaking News

MTN's mobile money and data services thrive in Rwanda, boosting revenues

MTN Rwanda has reported a remarkable 15% increase in mobile money users and a 21.9% rise in service revenue for the first half of 2026, reflecting a strong demand for its…

  • Tawanda Karombo
2 min read
At least 2300 people have died in the latest Ebola outbreak in the Democratic Republic of Congo.
SADC SUMMIT

DRC Ebola outbreak: Ramaphosa calls for ceasefire amid rapid spread

Ebola crisis tests SADC’s health preparedness, says Ramaphosa

  • Wendy Jasson Da Costa
2 min read
Standard Bank CEO Sim Tshabalala
BANKS

Standard Bank CEO: South Africa’s growth depends on African integration

Sim Tshabalala, CEO of Standard Bank, discusses the importance of South Africa's economic integration with the rest of Africa, highlighting the bank's strong financial…

  • Edward West
4 min read