South Africa’s Minister of Public Enterprises Pravin Gordhan has told struggling South African Airways (SAA) that it needs a ‘radical restructuring’ to ensure financial and operational sustainability going forward. The minister said his department was locked in discussions with the state-run...

Africa-focused Rainbow Rare Earths has acquired ten mining claims in Zimbabwe as the mining junior looks to expand on its sole existing operation – the Gakara Rare Earth Project in Burundi. The London-listed and headquartered company said the licences will be...

South African telecoms giant Telkom SA has announced it is in talks with rival firm Cell C regarding a takeover of the country’s third largest mobile carrier. While part state-owned Telkom has previously considered acquiring its competitor, which is saddled with...

Visa is set to plough US$200 million into African card payments group Interswitch, in a deal that will see the Nigeria-based company become the latest fintech ‘unicorn’ on the African continent. US-based card payments giant Visa will receive a 20% stake...

Taste Holdings, owner of the Starbucks and Domino’s Pizza enterprises in South Africa, is abandoning the food business, and has already sold its 13 stores of the coffee chain for R7 million. The JSE-listed company announced the divestment, along with plans...