Woolworths said Australian division head John Dixon will leave and won’t be replaced after South Africa’s biggest clothing and food retailer was forced to write off $541 million from the country’s David Jones business earlier this year.
Capitec Bank added insurance to its expanding range of financial services products, with the launch of Capitec Insure and a unique funeral product.
The Porsche Panamera Sport Turismo might look a bit unusual on first glance, but those left field looks and the sheer practicality of it all make a rather compelling case for this shooting brake.
As much as we look up to sporting stars as role models, we need to remember that they are human too, and the pressures on them are already great enough.
Ford recently introduced a new Fiesta here in South Africa. Motoring editor Miles Downard was there to give it a once over.
Aspen Pharmacare’s infant formula business has drawn interest from companies including Reckitt Benckiser Group and Perrigo, as the largest African drugmaker evaluates options for the business.
In the great cycle of life, there are so many things you can set out to achieve, if you’re only prepared to try, try, and try again. But sometimes, knowing when to give up is just as important.
Only 30 percent of family businesses built by one generation are passed on to their children, and only 10 percent of those businesses ever reach a third generation, according to studies.
Naspers announced the sale of its 11.18% stake in Indian ecommerce company Flipkart, to US-based retailer Walmart for $2.2bn, representing an IRR of approximately 32%.
Much has been written and said about diversifying one’s investment portfolio. One of those options is investing offshore to access international assets and as a hedge against rand-denominated and South African political risk.