Author: Gugu Lourie

The Airports Company of South Africa (ACSA) has appointed insider Charles Shilowa as its acting Chief Executive Officer, effective 1 July 2026. Shilowa, currently Group Executive for Capital Infrastructure Asset Management, will take over when current CEO Nompumelelo Mpofu’s contract expires on 30 June 2026. Mpofu will also step down as an executive director at that time. Shilowa first joined ACSA in November 2015 as Group Executive for Business Development. He later served as Group Executive for Strategy and Sustainability from September 2021 to June 2023 before assuming his current infrastructure role. Prior to ACSA, Shilowa held senior leadership roles…

Vodacom, South Africa’s largest mobile phone operator by subscribers, continues to make significant inroads into the insurance sector as it steadily gains customer trust. The Vodafone-owned company has been expanding its presence in the insurance market by offering funeral, life, and device cover, alongside various short-term insurance services, to both existing and new customers. Insurance is widely recognised as one of the sectors most vulnerable to disruption – a finding backed by major consulting firms and risk surveys. While it may not always top current disruption rankings, its high susceptibility to future disruption – driven by technological stagnation, inefficiencies, and…

CANAL+, a global media and entertainment company, has confirmed its intention to complete a fast-track secondary inward listing of its ordinary shares on the Johannesburg Stock Exchange (JSE) on 3 June 2026. The French-based media conglomerate which already holds a primary listing on the Main Market of the London Stock Exchange (LSE), said the JSE listing will provide South African investors with a direct opportunity to invest in the group and enhance the long-term liquidity and tradability of CANAL+ shares. Fully Fungible Shares, No New Capital Raised CANAL+ will retain its primary listing on the LSE. Shares traded on the…

Balwin Annuity delivered another solid performance, with revenue increasing by 25% to R219.0 million for the year ended 28 February 2026. JSE-listed Balwin), a developer focused on environmentally responsible building practices and the delivery of high-quality, affordable, lifestyle-oriented apartments, today released its audited financial results for the year ended 28 February 2026. Balwin said the annuity said Balwin Annuity maintained its 8.1% contribution to group revenue, reinforcing the growing importance of complementary revenue streams around the core development business. The annuity platform includes Balwin ICT, Balwin Real Estate, rentals, customer services, Green Living and other businesses including padel, signage and…

Vodacom today published its financial results for the year to end-March and disclosed solid performance from its mobile money platforms. “Our mobile money platforms, including Safaricom, processed $525.6 billion of transaction value in the year, up 16.6%, representing leadership in the African FinTech space,” Shameel Joosub, Vodacom Group CEO, disclosed on Monday. This makes Vodacom’s mobile money platform the biggest on the African continent, ahead of MTN and Airtel Africa. The Vodafone-owned company disclosed that normalised M-Pesa revenue in its International business grew 22.8%, with growth across the portfolio of countries. M-Pesa revenue was supported by strong growth in our…

Vodacom Group today published its financial results for the year to end-March 2026 and gave the market a glimpse to the performance of its Internet of Things (IoT) business, IoT.nxt. IoT.nxt is a subsidiary of Vodacom South Africa and its financials are embedded in the local unit. Since Vodacom’s strategic R1 billion acquisition of a 51% stake in IoT.nxt in 2019, the IoT specialist has become instrumental in driving its Beyond Mobile strategy, enabling digital transformation across multiple industries through cutting-edge connectivity solutions. Asked to reflect on the performance of IoT.nxt, Vodacom CEO Shameel Joosub, told TechFinancials the IoT business contributes R300…

Vodacom Group has released a set of financial results that shows headline earnings and free cash each growing by more than 20%, the benefits of our revenue and geographic diversification are apparent, even amid a complex and dynamic macroeconomic environment. The latest financials for the year to end-March 31, 2006 reflected a final dividend of R8.4 billion (405 cents per ordinary share) for the year ended 31 March 2026. Vodacom generated operating free cash flow of R33 billion, up 10.3%, reflecting the growth in EBITDA. The Vodafone-owned telco also invested R23.6 billion into capital expenditure, a further R7.4 billion was…

We spoke to Ross Tucker, who leads Packard Bell’s regional strategy, about the thinking behind the brand’s re-entry, its pragmatic approach to AI, and why South Africa is the perfect proving ground for accessible innovation. What inspired Packard Bell’s return to South Africa? South Africa represents a tale of two economies. On one side, you have world-class infrastructure and formal markets; on the other, an enormous informal sector driving grassroots innovation. Yet, most global PC players treat this as one homogenous market. We believe South Africa is underserved, there’s a mismatch between global strategies and local realities – and our…

Porsche will begin selling an all‑electric Cayenne Coupe—its latest signal that the German automaker still sees strong market demand for EVs. The full 2026 Cayenne Coupe Electric range is available to order now and will be sold alongside the existing gas‑powered and plug‑in hybrid Cayenne Coupe variants. Pricing starts at $113,800 for the base Cayenne Coupe Electric, $131,200 for the Cayenne S Coupe Electric, and $168,000 for the Cayenne Turbo Coupe Electric. The german automaker says with its striking flyline, the Cayenne Coupe Electric now complements the Cayenne Electric SUV line-up. The company added that the iconic 911 “flyline” and…

Clicks Group reports resilient first-half performance despite systems delays and consumer pressure, fueled by strong loyalty programme growth. Clicks ClubCard, the group’s flagship loyalty initiative, grew its active membership base by 800,000 to reach 12.9 million members during the first six months of the 2026 financial year. The program now contributes a commanding 83.7% of total sales at Clicks, underscoring the strategic importance of customer retention in a challenging retail environment. Loyalty members received R527 million in cashback rewards over the period, reinforcing the value proposition for South African consumers facing constrained spending power. “The growth of Clicks ClubCard to 12.9 million active members reflects the…