Hilton is opening its first-ever hotel in Zimbabwe, and a South African developer is behind it
Hilton's first hotel in Zimbabwe will be built by Terrace Africa, and neither side will say what the deal is worth.
Companies
The deals, results, leadership and strategy of the companies shaping South Africa.
Tesla’s new driverless taxi has no steering wheel or pedals, and regulators aren’t happy
American carmakers certify their own vehicles as road-legal, and the safety regulator wants to see how Tesla did it for one with no controls.
Sun International is riding South Africa’s gambling boom, growing its casinos while cutting jobs at the same time
The group used its best casino numbers in three years to disclose a retrenchment process it has been running since July.
America’s AI spending spree has created an unlikely opportunity for South Africa’s Bell Equipment
The Richards Bay truck maker is absorbing American tariffs on the machines America is buying, and paid shareholders anyway.
Big story
Sibanye is bringing a South African gold mine back to life after more than a decade
Burnstone was mined for two years, flooded, and mothballed in 2012, and the shaft still standing there is most of the reason the project passed a board vote in 2026.
Oura turned a tiny health-tracking ring into a billion-dollar business, and now it’s going public
The smart-ring maker booked $1.21 billion of revenue in nine months and a real profit behind it, and it is listing into a market four rivals are already crowding.
A huge platinum price recovery just turned Impala Platinum into a R17.1bn payday for shareholders
Implats went from R732 million of headline earnings to R22.9 billion in a year, and is handing back about 82% of its spare cash while warning that costs keep climbing.
Uber has switched off in Nigeria and Uganda after more than a decade
The company gave no reason for leaving Lagos, and says the decision stops at those two markets.
Albany is selling bread off the pavement, and wants 3 000 stands doing it
Tiger Brands supplies the stand and the daily delivery, the vendor supplies the labour, and the company puts the income at about R1 300 a month.
Big story
Discovery Bank has stopped costing its parent money and started feeding it customers
The bank turned its first full-year profit, R370 million, and seven in ten of its new customers had no other Discovery product.
Cashbuild wants 15 new stores next year, but says there is almost nowhere left to put them
Revenue and margin both rose at the building-materials chain, and operating profit fell 15%.
Aspen made 14% more money without growing sales, while Mounjaro helped lift its biggest division
A R28 billion disposal, R4.6 billion of restructuring and writedowns, and a weight-loss injection carrying the biggest division.