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International

Nqobile Dludla

S.Africa's telecoms regulator halts spectrum licensing auction

Sep 07 2021

JOHANNESBURG, Sept 7 South African telecoms regulator ICASA said on Tuesday it would comply with a court order and halt a long-delayed spectrum licensing auction after failing to reach a settlement with mobile operators.

UPDATE 2-South Africa's Shoprite chalks up 20% annual profit rise

Sep 07 2021

* CEO now comfortable with remaining core African operations (Adds CEO, CFO comments on Uganda and Madagascar exits)

S.Africa's RCL Foods shakes up portfolio to extract value

Sep 06 2021

JOHANNESBURG South Africa's RCL Foods will separate its chicken, sugar and logistics businesses and consider either a listing, disposal or joint venture next year, CEO Miles Dally said on Monday.

S.Africa's Massmart to sell 14 Game stores in East and West Africa

Aug 27 2021

JOHANNESBURG (Reuters) -Massmart is disposing of all its general merchandise Game stores in West and East Africa to stem losses in that struggling business, chief executive Mitch Slape said on Friday, after the Walmart majority-owned retailer reported a narrower half-year loss.

S.Africa's Woolworths restores dividend as profit jumps

Aug 26 2021

JOHANNESBURG (Reuters) -South African retailer Woolworths Holdings resumed dividend payouts on Thursday after its annual profit surged and the sale of some Australian properties helped it to cut its debt.

S. Africa's Massmart in talks to buy grocery service OneCart

Aug 25 2021

JOHANNESBURG South Africa's Massmart is in advanced talks to buy a controlling stake in grocery delivery service OneCart Pty Ltd as part of a push to grow its e-commerce business, the Walmart-owned retailer said on Wednesday.

UPDATE 2-South Africa's Massmart sells most food assets to Shoprite for $89 mln

Aug 20 2021

* Massmart to use proceeds to pay down bank facilities (Adds Shoprite quote)

Checkers trials South Africa's first cashierless grocery store

Aug 18 2021

JOHANNESBURG, Aug 18 Upmarket South African grocery chain Checkers is testing a store without checkout counters, the first cashierless food store in the country allowing shoppers to walk out without waiting in line to pay.

South Africa's Ramaphosa appoints Godongwana as finance minister as Mboweni resigns

Aug 05 2021

JOHANNESBURG South African President Cyril Ramaphosa on Thursday appointed the Development Bank of Southern Africa's chair, Enoch Godongwana, as finance minister in a Cabinet reshuffle, replacing Tito Mboweni who had asked to be excused from his position.

'I'm fighting for my community' says Miss South Africa's first transgender contestant

Aug 02 2021

JOHANNESBURG The first transgender contestant in South Africa's national beauty pageant, 24-year-old Lehlogonolo Machaba hopes she will inspire greater acceptance of the LGBTQI community. | Video

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