Author: Gugu Lourie

In a move set to transform the region’s infrastructure landscape, Growthpoint Properties, South Africa’s leading Real Estate Investment Trust (REIT),  has made an initial investment with the right to co-invest and develop the new Cape Winelands Airport precinct. This marks the start of a strategic partnership to deliver the Western Cape’s next-generation aviation, hospitality and industrial hub. Growthpoint, which co-owns Cape Town’s signature V&A Waterfront and holds group property assets to the value of R155.8 billion, brings its extensive experience in large-scale, mixed-use precincts to the 450-hectare development. The airport will be developed on the site previously known as Fisantekraal,…

As the digital economy continues to mature, more long-term investors are seeking secure passive income models with high returns. Recently, long-term XRP (Ripple) holders are turning to Find Mining, a regulated crypto mining platform, to generate a stable passive income of up to $7,400 per day. This is not a gimmick, but a new legal way to grow wealth Find Mining is not a “get-rich-quick” scheme with false promises. Instead, it is a legitimate crypto mining platform that has undergone international financial audits and security certifications. Its operating mechanism is based on actual computing power leasing and the distribution of…

Karooooo, the parent company of Cartrack, announced strong financial results for its second quarter ended August 31, 2025, highlighting a significant acceleration in its subscription revenue growth. The company reported that its subscription revenue growth increased from 15% in the same quarter last year to 20% this quarter. Cartrack, its primary subsidiary, saw quarterly subscription revenue hit a record R1,1 billion. “Our subscription revenue growth increased from 15% in full year 2025 quarter two2 to 20% in this quarter,” said Zak Calisto, CEO and Founder of Karooooo. “We believe that our strong unit economics coupled with a clean balance sheet…

Amid a proposal for free hotspots, Telkom highlights its “constructive engagement” with the regulator to advance digital inclusion In response to a new ICASA proposal that would mandate free WiFi hotspots at 171 government centres, Telkom has struck a conciliatory and forward-looking tone, emphasising its willingness to collaborate on shaping South Africa’s digital future. The proposed regulations, gazetted by the Independent Communications Authority of South Africa (ICASA), would impose new Universal Service Obligations on the partly state-owned operator. The plan requires Telkom to provide uncapped, free internet connectivity with speeds of at least 30Mbps to 171 Thusong Service Centres in…

South Africa’s grocery shopping habits are changing fast, and SPAR is racing to keep up. In a major expansion of its partnership with Uber Eats, the retailer plans to have over 800 stores on the delivery app, making it easier than ever to get essentials delivered to your door. This move is a direct response to a massive shift in how South Africans shop. Online grocery sales have exploded, growing 54% annually since 2019 to reach a R23 billion market. A new report from McKinsey shows that 26% of consumers plan to spend even more on online groceries in the…

French media giant Group Canal+ has all but completed its takeover of MultiChoice, It has securied a 94.39% of the South African pay-TV group’s issued shares following the close of its mandatory offer to shareholders. The company has also confirmed it will proceed with the compulsory acquisition of remaining shares and delist MultiChoice from the Johannesburg Stock Exchange (JSE). The mandatory offer, which closed on 10 October 2025, was accepted by shareholders holding approximately 92.54% of the shares not already owned by Canal+. With this overwhelming success, Canal+ will now invoke provisions of the Companies Act to compulsorily acquire all remaining…

South Africans are working harder than ever to stretch every rand. In a climate of rising costs, a new e-commerce player, The Hawker, is transforming the refurbished and pre-owned market into a destination of trust, pride, and smart value. More than just an online store, The Hawker is building a value brand designed for South Africans, combining affordability, transparency, and an authentic local identity. It tackles the growing need for affordable essentials head-on by curating a range of electronics, appliances, and gadgets, all meticulously graded for condition. “South Africans work hard for every rand. With The Hawker, we give people…

Forget the search bar. The future of ecommerce is an  artificial intelligence (AI) that understands what you want, even when you can’t quite put it into words. Global tech investor Prosus has just launched its Large Commerce Model (LCM), an agentic AI system designed to completely replace traditional search and recommendation engines. Trained on a unique global database from its portfolio of companies, the LCM continually learns from over 500 million users and trillions of data points. Prosus calls it a “new operating system for ecommerce” – a single, integrated model that powers everything from basic search to hyper-personalised recommendations.…

In a major breakthrough for renewable energy in Africa, the SOLA Group has announced the successful and early launch of the Springbok Solar Power Project. The 195-megawatt (MW) facility is the continent’s first multi-buyer, flexible energy wheeling plant. Delivered ahead of schedule, the project is a significant step in modernizing South Africa’s grid and creates a new model for large-scale solar development. It allows multiple companies to buy power from a single plant with flexible contract lengths, a first for the region. A Pioneering Model for Clean Energy This project brings SOLA Group’s total operational portfolio to 464 MWp, making…

Optasia, a major AI-powered financial technology platform, has announced a big step: it’s planning to list its shares on the Johannesburg Stock Exchange (JSE) and raise a significant amount of money from investors. The company is a global leader in providing instant financial services, especially in emerging markets. It uses artificial intelligence (AI) to offer loans and other solutions to people who are often overlooked by traditional banks. Key Facts About Optasia: Massive Reach: It operates in 38 countries and has about 121 million active users every month. High Volume: Its systems process over 32 million loan transactions every single day. Big…

Axiz, a leading technology distributor in Africa, today announced a distribution partnership with Nasdaq-listed Equinix, a global digital infrastructure company . The agreement expands Axiz’s portfolio by making Equinix’s data centre and interconnection solutions available to partners and customers across South Africa and the wider African region. The partnership links Axiz’s established distribution network with Equinix’s global infrastructure solutions. Businesses will gain access to colocation services at the Johannesburg IBX data centre (JN1), the Equinix Fabric® software-defined interconnection service, and the wider Equinix ecosystem of cloud providers, networks, and enterprises. Axiz said the agreement strengthens its portfolio and enables its…

Here’s a simple idea for the new bosses at Canal+: sometimes, the smartest way to win is to make your world less complicated. The French media giant has just bought MultiChoice, and with it, control of Africa’s pay-TV landscape. But the highly publicised purchase comes with a problem; a needless, self-inflicted one. Buried inside this deal are two streaming services – DStv Stream and Showmax – essentially competing for the same customers. This isn’t a strategic move; it’s a classic case of what economists call inefficiency. Think of it like owning two bakeries on the same street, selling similar bread…

In a major move that reshapes the European online classifieds landscape, OLX Group has agreed to acquire leading French auto platform La Centrale for €1.1 billion, signaling a major push into Western Europe powered by artificial intelligence. The deal, expected to close by year-end, grants OLX an immediate leading position in France’s large and dynamic used car market. The acquisition is a strategic leap for OLX, which operates thriving marketplaces in Central and Eastern Europe. La Centrale, with its strong brand recognition, deep dealer relationships, and approximately 4.5 million monthly unique visitors, provides the perfect entry point into Western Europe.…

In a major move signaling the rising strategic importance of emerging markets, PayPal has pledged a landmark $100 million investment to fuel the digital revolution across the Middle East and Africa. This substantial commitment, announced from its regional hub in Dubai, is designed to supercharge one of the world’s fastest-growing digital commerce landscapes. The funds will be strategically channeled to empower local entrepreneurs, accelerate the growth of small and medium-sized businesses, and integrate millions of new users into the digital financial ecosystem, positioning PayPal at the forefront of the region’s unprecedented economic transformation. “The Middle East and Africa are home…

In a move that reshapes the African media landscape, French conglomerate Canal+ has officially assumed control of MultiChoice Group (MCG) after its mandatory takeover offer was declared unconditional. The completion triggers a sweeping executive overhaul, creating a new integrated leadership structure for its expansive African operations. Maxime Saada, CEO of CANAL+ said: “Today marks an important step forward for CANAL+, as we begin to integrate MultiChoice to create a group with enhanced scale, reach and creativity… I look forward to providing the market with a more detailed update on the strategy of our combined group during the first quarter of next…

Joanna Govender, CEO of the Empire Partner Foundation (EPF), has just won at the Women in Tech Africa Awards 2025. She took home the award for ‘Most Impactful Initiative,’ securing her spot to represent the entire African continent at the global finals in Paris this November. This iconic event in Paris is the grand finale of a massive three-month world tour that honoured women tech leaders across seven regions: LATAM, North America, Africa, Europe, APAC, MENA, and Caucasus and Central Asia. The best from each region will now compete for the global title. The award celebrates EPF’s groundbreaking work using…

If you want to understand the future of a country, look at what it drives. For decades, South Africa’s roads have been dominated by the dependable, fossil-fueled stalwarts of Volkswagen Polo, the Toyota Corolla. the middle class and the rich driven in BMW, Mercedes and Volvo, while the rich cruzing on Range Rovers and Porsche. They were symbols of aspirational, practical mobility. But last week, that status quo was handed a pink slip. The world’s biggest electric vehicle maker, Build Your Dreams (BYD), didn’t just enter the South African market; it declared war on the internal combustion engine with a…

The South African Reserve Bank’s Monetary Policy Committee (MPC) has decided to keep the repo rate unchanged at 7%, with the prime lending rate to also remain at 10.5%. This was announced by SARB Governor Lesetja Kganyago following a meeting of the bank’s MPC. “Four members preferred to keep rates on hold, while two favoured a cut of 25 basis points. Since September last year, we have reduced rates by 125 basis points, and we want to see how this is affecting the economy, how expectations evolve, and how inflation risks are resolved. “The forecast has rates easing gradually, as…

There are plenty of tips and tricks to help you make money at PariPesa in Zambia. You might be aware of some, but we want to give every beginner a winning chance. So, we have compiled a list of the best tips that you can deploy for success. Let’s get started! Join the Affiliate Program Register on the https://paripesapartners.com/. Doing so will set you up with an affiliate link. The more people you can bring into the company using it, the more commission you will earn. As long as these people keep betting, you’ll keep getting paid every Tuesday. They…

The barrier to electric vehicle ownership in South Africa has just been ‘shattered.’ BYD, the world’s leading manufacturer of new energy vehicles, has officially launched the BYD Dolphin Surf with a starting price that sends a clear message to the market: the electric revolution is for everyone. Priced from R339,900, the Dolphin Surf isn’t just another entry on the pricelist; it’s a direct challenge to the status quo. This stylish, practical, and mass-market-focused EV is poised to transform the local automotive landscape by making zero-emission driving both affordable and aspirational for everyday South Africans. Two Trims, One Goal: Mainstream EV Adoption…

Dogecoin is once again at the center of attention as September edges toward its close, with traders closely watching whether the meme coin can hold momentum above key levels. After surging nearly 6% this week, DOGE is consolidating around $0.26 as investors brace for the debut of the first U.S. Dogecoin ETF, “DOJE.” The launch, however, has been delayed until next week, leaving traders to weigh whether the hype can sustain through the final weeks of the month. On-chain flows show that whales have been steadily accumulating, with inflows totaling millions of tokens in recent sessions, yet resistance near $0.29…

Pi Coin investors have been wondering something for quite some time –  who actually owns most of the supply? Since its long-awaited mainnet launch earlier this year, Pi has struggled to live up to years of hype around mobile mining and promises of mass adoption. The token trades near $0.34, almost 90% below its peak, leaving many early supporters disillusioned. Blockchain data now reveals just how concentrated Pi ownership really is – and the picture raises tough questions about the project’s long-term credibility. Some investors are even looking for other opportunities such as MAGACOIN FINANCE as experts predict it will…

The debate between utility and meme coin hype is not new to the crypto market. There exists demand for both of these categories. However, investors are increasingly showing interest in blockchain real estate projects lately. The reason for this is that a crypto backed by real-world assets will be stable because of the inherent value and scarcity of the attached asset. One such viral RWA project is Avalon X (AVLX). Its giveaways and utilities have been the talk of the town in the crypto market.  Analysts even believe that the Avalon X presale can leave behind the PEPE coin price…

Some of the biggest winners in every bull cycle are not the coins that are currently making headlines, but rather the unseen gems that are steadily gaining ground. Institutional portfolios are anchored by Bitcoin and Ethereum, but smaller tokens with infrastructure demand, cultural power, and scarcity-driven presales are producing the kind of game-changing returns that characterise cycles. Three such projects – HYPE, PYTH, and MAGACOIN FINANCE – are being highlighted by analysts more and more in 2025. By the end of the year, all of them are being presented as explosive opportunities, each of which represents a distinct aspect of…

The electric vehicle ‘revolution’ has officially arrived for the everyday South African. BYD Auto South Africa has launched the bold and compact Dolphin Surf hatchback, strategically positioned as the country’s most affordable EV with a groundbreaking launch price under R400,000. This move is an important moment for the local EV landscape, shattering the primary barriers of price and accessibility that have previously limited widespread adoption. The Dolphin Surf isn’t just another car; it’s a gateway to sustainable mobility for a new wave of drivers. The EV For Every Vibe Designed as the ultimate urban companion, the Dolphin Surf combines practicality…