A Free State farm is quitting Eskom entirely
Belle Rive is building a 4.89MW solar array and a 20MWh battery — which its installer calls SA's biggest for an off-grid farm — to run cold rooms and irrigation without Eskom.
Companies
The deals, results, leadership and strategy of the companies shaping South Africa.
Stripe just made a $53bn move on PayPal
Stripe and buyout firm Advent have offered $60.50 a share for PayPal — a 28% premium worth more than $53 billion — in a rare bid by one payments rival for another.
The Creamery was closing — then the buyers showed up
Days after Food Lover's said it would shut ice-cream chain The Creamery, it says several parties have approached about buying the 15-year-old brand.
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FlySafair found a buyer. The regulator found a catch
South Africa's competition watchdog has backed the sale of the country's biggest budget airline to infrastructure investor Harith, on condition it plays fair at the airport it part-owns.
EasyEquities is buying the AI it already runs on
Purple Group is paying up to US$10.75 million for Telescope AI, the Australian company whose technology already builds baskets for EasyEquities clients.
The fund that guards the nation's pensions just benched its boss
South Africa's biggest investor has suspended chief executive Patrick Dlamini while it examines whistleblower allegations, deepening a leadership crisis at the manager of more than R3-trillion in state money.
Nearly every paying Sixty60 shopper is letting an app fill the trolley
Shoprite says 98% of paying Sixty60 members have used Pixie, its swipe-to-shop assistant, three months after launch, though the eye-catching numbers are the retailer's own.
Transnet wants 1,000 guards and a drone fleet to stop the copper thieves
A new twelve-month tender would put more than a thousand guards, K9 dogs and water-resistant drones on Transnet's central rail corridor, where thieves and vandals strike about nine times a day.
Tharisa's output rebounds just as the prices it sells slip
The platinum and chrome miner lifted quarterly output of its precious metals by 15.5% after weather setbacks, keeping full-year targets in reach despite softer prices and heavy spending.
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De Beers is switching off South Africa's biggest diamond mine for two years
De Beers will suspend production at Venetia, its flagship Limpopo mine, for two years — and on the same day, one of the leading bidders for the company walked away.
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Woolworths brings an AI chef to your grocery run, but you'll have to wait for it
My Woolies Chef turns "what's for dinner?" into a ready-to-buy basket, arriving after Checkers and Pick n Pay have already switched their own assistants on.
Old Mutual is back in Zimbabwe, and this time it's counting in dollars
Six years after its shares were frozen, the insurer is moving its Zimbabwe listing to a young, dollar-only exchange, betting the currency risk is finally worth shedding.