Pretoria (Tshwane) News

Johannesburg, South Africa

The top 10 wealthiest cities in Africa: AfrAsia Bank & New World Wealth (Infographic)

AfrAsia Bank and New World Wealth recently reviewed the 10 wealthiest cities in Africa by total wealth held.

Helen Zille, Premier of the Western Cape

South African Opposition Suspends Ex-Leader Over Colonialism Tweets

South Africa’s main opposition party, the Democratic Alliance, suspended Helen Zille, its former leader and premier of the Western Cape province.

In front: South Africa's President Jacob Zuma (L) and AU Chair Nkosazana Dlamini-Zuma (R)

It's time South Africa tuned into Africa's views about its role on the continent

South Africa has variously styled itself as a “bridge” between the North, the global South and Africa as well as a “gateway” into the continent.

Africa’s rising middle class – and why it matters. Credit: newafricanmagazine.com

Africa's rising middle class - and why it matters

According to the African Development Bank (AfDB), as far back as 2011 there were already 313 million people – or 34 per cent of the continent’s total population – that could be referred to as middle class.

Menlyn Park Shopping Centre, Pretoria, South Africa (Illustration)

Menlyn Park Shopping Centre to cement its place as Africa’s largest mall

Despite a slowdown in consumer spending across South Africa, Pretoria’s Menlyn Park Shopping Centre is undergoing a R2.5 billion revamp that will make it the largest mall in Africa, unseating Durban’s Gateway Theatre of Shopping.

Uber expands food delivery business UberEats into South Africa

Uber expands food delivery business UberEats into South Africa

Uber Technologies started its UberEats food delivery service in South Africa last Thursday before it expands in the rest of the country and into the continent.

An Instagram post showed girls protesting against hair rules at the Pretoria school.

Were South African school hair rules racist? Maybe not.

As I followed the recent protests at a South African girls’ school where students insisted on being allowed to wear afro hairdos to school, I recalled my own days as a student in what used to be one of Nigeria’s most prestigious boarding schools for girls.

Protest over Afros and black hair in South African schools cause outcry

Protest over Afros and black hair in South African schools cause outcry

A hairstyle should not have to be a radical political choice, especially for a girl only just beginning to navigate high school.

Here are the top 10 Sub-Saharan African cities for consumer spending growth (Infographic)

Here are the top 10 Sub-Saharan African cities for consumer spending growth (Infographic)

An extensive overview of 24 first- and second-tier cities in Cameroon, Kenya, Nigeria and South Africa in a recently published white paper reveals particularly dynamic growth shifting from the region’s mature consumer markets in South African metropolises to the urban areas in other Sub-Saharan countries.

Alon Lits, General Manager, Sub-Saharan Africa, Uber

Uber to launch in Ghana, Uganda and Tanzania within a month

Alon Lits, General Manager, Sub-Saharan Africa, Uber Ride-hailing company Uber said Thursday that it plans to start operating in the capitals of…

Kuben Naidoo, Deputy Governor, South African Reserve Bank

As Bob Diamond readies Barclays Africa bid, South Africa warns on bank buyouts

South Africa raised caution over Bob Diamond’s potential offer for Barclays Plc’s local unit, with the central bank signaling that private-equity bidders for the country’s third-largest lender would face opposition from regulators.

Dan Matjila, CEO, Public Investment Corporation (PIC)

South Africa's PIC in talks with Barclays on African business stake

South Africa’s state pension fund is talking to Barclays Plc about buying some of the stake which the British bank is selling in its African business, a source with direct knowledge of the matter said.

South Africa's $340 million Mall of Africa set to open this month

The largest mall in Africa: South Africa's $340 million Mall of Africa set to open this month

South Africa’s largest shopping center development to date, the $340 million Mall of Africa, will be fully operational in 17 days — on 28 April 2016.

Ford Everest

Ford invests $167 million in South Africa to build Everest SUV

Ford Motor Co. will invest 2.5 billion rand ($167 million) in the U.S. automaker’s South African operations to start production of the Everest sport utility vehicle and create about 1,200 jobs.

Two Rivers - Kenya

Check out these four mega mall developments soon to be launched in Africa (Photos & Videos)

It’s one of the clearest expressions of the growing middle class in many African countries — a burgeoning demand for shopping malls, each more lavish than the one before.

Dan Matjila, CEO, Public Investment Corporation (PIC)

Africa's largest money manager PIC interested in raising Barclays Africa stake

The Public Investment Corp., manager of the bulk of the South African government’s pension fund money, said it would be interested in increasing its stake in Barclays Africa Group Ltd.

Next generation BMW X3 to be built at BMW South Africa’s Rosslyn Plant

Next generation BMW X3 to be built at BMW South Africa's Rosslyn Plant

The BMW Group today reaffirmed its long term commitment to South Africa by announcing that it will invest a total of R6 billion at its Rosslyn Plant in Pretoria in the coming years.

SABMiller said to have rejected $100B offer from Anheuser-Busch InBev

SABMiller said to have rejected $100B offer from Anheuser-Busch InBev

SABMiller Plc rejected an informal takeover offer from Anheuser-Busch InBev NV of about 66.4 billion pounds ($100 billion) that it considered too low, according to people familiar with the matter.

Jabu Mabuza, Chairman, Telkom

Telkom said to seek Cell C for less than $1.6B price

Telkom SA SOC Ltd. is seeking to buy mobile-phone operator Cell C Pty Ltd. for less than the 22 billion rand ($1.6 billion) value placed on the South African company by its owners, according to a person familiar with the situation.

South Africa threatens action as hedge funds slow to enroll

South Africa threatens action as hedge funds slow to enroll

South Africa’s Financial Services Board is threatening to take regulatory and enforcement action against hedge funds that fail to register as collective investments.

Mmusi Maimane is the first black leader of South Africa’s Democratic Alliance.

South Africa: What does Mmusi Maimane's win mean for the Democratic Alliance (DA)?

It is a milestone of sorts. For the first time in its democratic history South Africa has an official opposition led by a black person.

Pedestrians pass a Vodacom mobile phone store in Johannesburg. Photographer: Waldo Swiegers/Bloomberg

Africa's Biggest Fund Manager Said to Explore Vodacom Deal

The Public Investment Corp., Africa’s biggest money manager, is considering increasing its stake in Vodacom Group Ltd. by buying government-owned shares in the wireless operator, people familiar with the plans said.

Rhodes Must Fall: University of Cape Town students protesting against Cecil Rhodes statue on campus

University of Cape Town to remove Cecil Rhodes statue following student protests

South Africa’s University of Cape Town decided on Wednesday to remove a contentious statue of British imperialist Cecil John Rhodes which has triggered protests from students over the past month.

South African mercenaries are reportedly operating in Nigeria's remote north-east, fighting the Boko Haram insurgents.

Mercenaries in Africa: South Africa struggles in vain to ban soldiers of fortune

During the 1980s, Leon Lotz fought for the “Koevoet” (“crowbar” in Afrikaans), a South African apartheid-era paramilitary unit charged with rooting out nationalist guerrillas in what is now Namibia — acting as “the crowbar which prises terrorists out of the bushveld like nails from rotten wood,” in the words of South Africa’s then minister of law and order, Louis le Grange.

Solar power plant

Africa's largest money manager to invest in $1.8B solar energy plants in South Africa

The Public Investment Corp., Africa’s biggest money manager, invested in two South African solar-power plants worth 22 billion rand ($1.8 billion) to help boost energy supplies in the continent’s second-biggest economy.

Jacob Zuma, President of South Africa

Why South Africa's president is right and wrong to blame apartheid for power cuts in 2015

South Africa may be entering its fifth consecutive month of power outages but that hasn’t put President Jacob Zuma above buck-passing.

Eugene de Kock

Apartheid's legacy: Dr Death and Prime Evil. When to forgive, when not to forget

Two decades into South Africa’s democracy, several of its most notorious apartheid-era killers are bidding for freedom.

Uber Kenya

Uber eyes use of mobile money services in Africa

Uber is now operational in seven African cities: Cape Town, Johannesburg, Durban, and Pretoria in South Africa; Lagos in Nigeria; Cairo in Egypt; and Nairobi in Kenya.

Telecommunications Tower

Telkom said to mull phone tower network sale in South Africa

Telkom SA SOC Ltd., a South African phone company seeking to cut costs on a struggling mobile service, is considering a sale of a network of telephone towers in the country, according to people with knowledge of the matter.

Koeberg nuclear power station, about 30 km outside Cape Town, on January 18, 2007

South Africa signs nuclear power agreement with China, following recent agreements with Russia and France

South Africa has signed a nuclear energy cooperation agreement with China as the government looks to expand the critical power supply system, officials said Friday.

Tina Joematt Pettersson, South Africa's Minister of Energy

France and South Africa sign nuclear energy agreement

Paris and Pretoria signed Tuesday an agreement which could open the way for French nuclear giant Areva to bid to build eight nuclear reactors in South Africa worth up to $50 billion (39.5 billion euros).

Sizwe Nxasana, CEO, FirstRand

FirstRand Targets $924M for Expansion in Africa

FirstRand Ltd. (FSR), Africa’s biggest bank by market value, is setting aside 10 billion rand ($924 million) for expansion across the continent as profit increases from regions outside its home market of South Africa.

Grant Cullens, CEO, African Alliance Asset Management

South African funds don't invest in their backyard

It is not just European and U.S. pension funds that are slow to invest in the opportunities available on the Africa continent: South Africa-based funds also need encouragement.

Elias Masilela, former CEO of South Africa's Public Investment Corporation (PIC)

Elias Masilela, CEO of South Africa's Public Investment Corporation, Resigns

Elias Masilela resigned as the chief executive officer of South Africa’s Public Investment Corp., Africa’s biggest fund manager and the largest shareholder on the Johannesburg stock exchange.

Nhlanhla Nene

Nhlanhla Nene, South Africa’s New Finance Chief, Pledges Fiscal Discipline

Nhlanhla Nene, who replaced Pravin Gordhan as South African finance minister, pledged to follow his predecessor in bringing down the budget deficit and spurring the economy.

Striking Miners in South Africa

South African economy contracts for the first time since 2009 recession

South Africa’s economy contracted in the first quarter for the first time since a 2009 recession as the longest mining strike in the nation’s history cut output.