Author: Staff Writer

Life Healthcare Group, through its wholly owned UK subsidiary, Life Medical Group Limited (LMGL), has signed binding agreements to sell 100% of the issued share capital of LMI Limited and its subsidiaries, collectively known as Life Molecular Imaging (LMI). The buyer, Lantheus Neurology UK Limited, is a wholly owned subsidiary of Lantheus Holdings Inc. This strategic transaction marks a significant milestone for Life Healthcare Group. The total purchase consideration for the transaction is $750 million (R13.9 billion), which includes an upfront payment of $350 million and additional earnouts totaling $400 million, contingent on achieving future sales milestones for LMI products…

The Financial Sector Conduct Authority (FSCA) warns the public to be cautious when conducting financial services business with CMFX Trading. It has come to the attention of the FSCA that CMFX Trading is soliciting funds from members of the public for investment purposes, while promising unrealistic returns. CMFX offers to trade in Bitcoin on behalf of members of the public and promises guaranteed profits. CMFX Trading is promising investors returns of up to R23 000 from an initial investment of R6 000 within three days. The Authority points out that trading profits cannot be guaranteed and an offer of unrealistic…

Maziv has strengthened its leadership team with the appointment of Phila Dube as Group Chief Commercial Officer. This appointment continues the group’s momentum of strategic appointments made over the past year. Dube brings a wealth of experience from his 26-year-long career with the Telkom group where he held various senior roles, culminating in his position as Chief Commercial Officer at Openserve. “Phila’s extensive experience in the sector and deep understanding of customer needs align perfectly with our vision for the future. Phila is the ideal candidate to drive our commercial strategies forward across our consumer, enterprise and carrier brands,” says…

Navigating the Forex Market in South Africa Exploring the Basics of Forex Trading If you’re starting your journey in the Forex market in South Africa, you’re tapping into a dynamic arena where currencies are traded in pairs, 24 hours a day. At its core, Forex trading involves buying one currency while simultaneously selling another, aiming to profit from fluctuations in their exchange rates. It’s a dance of supply and demand, steered by global economic events, where timing and strategy are key to your success. The Legal Landscape of Forex Trading In South Africa, you’re fortunate as the legal environment for…

Huawei has been ranked first in IDC’s Global Wearable Device Market Quarterly Tracking report for global shipments in the first three quarters of 2024. Renowned for its cutting-edge products that blend innovative health and fitness features with trendy designs, being ranked top in the market consistently across three quarters is a testament to Huawei’s leadership in the industry. This recognition underscores Huawei’s influential success and dedication to revolutionising the wearables technology market.  HUAWEI Leads Global Wearable Device Market The latest IDC’s Global Wearable Device Market Quarterly Tracking Report shows that despite a global decline in wrist-worn device shipments in 2024, the Chinese…

It’s .a mixed bag of results for the South African automotive industry. While used car sales slipped slightly compared to October, it’s worth noting that November was the second most successful month for used car sales and the most successful for the new passenger car segment. New car sales enjoyed notable growth, suggesting renewed consumer confidence in the market, spurred by falling interest rates and a strengthening Rand. AutoTrader’s latest industry data shows a slight decline in used car sales but strong overall performance. Last month, 32,158 used vehicles were sold, just shy of November 2023, when 32,300 used cars were…

As global e-commerce expands rapidly, the logistics industry faces rising demand for bespoke, high-end services. To stay competitive in such dynamic markets, logistics companies are increasingly adapting to meet evolving customer expectations, with a strong focus on service excellence. One significant trend emerging from this shift is the rise of white glove services—premium, tailored logistics solutions that provide meticulous attention to detail and extra care for clients. In 2022, the U.S. market for white glove services was valued at $7.84 billion, with projections indicating growth to $20.25 billion by 2030, at a compound annual growth rate (CAGR) of 12.7%¹. This…

Anglo American has noted an increase in online share trading scams circulating on various social media and digital platforms, bearing fictitious company brand identity and names of some of its executives to lure unsuspecting victims. Scammers are taking advantage of unsuspecting people by promoting fake trading platforms and offering unrealistic returns on investments. Such platforms tend to be well designed Apps and websites that are extremely sophisticated. However, no company will ever trade in shares directly with the public.in this way.  Nevashnee Naicker, the Executive Head of External Relations at Anglo American in South Africa has called on members of…

The Volvo EX30 has added another prestigious accolade to its growing list of achievements, being named EV of the Year at the TopGear South Africa Awards 2024. The latest addition to the brand’s electric lineup was recognised for several factors, including its exceptional value for money. “EVs may have had a slow uptake in Mzansi, but the introduction of Volvo’s EX30 seems to have resonated with a slightly wider audience,” commented Lerato Matebese, Publishing Editor at TopGear SA Magazine. In the first ten months of 2024, Volvo sold 348 units of the EX30, making it one of the most successful…

Altron has appointed new Group Executives for Legal and Investor Relations to support the Group’s accelerated growth plan. Effective from 1 March 2025 Lauren Wilson has been appointed to the role of Group Executive of Altron’s Legal Department, with Zanele Salman taking over as Group Executive of Investor Relations effective 17 February 2025. Altron Group CEO Werner Kapp says the appointments underscore Altron’s commitment to driving its growth plans and creating enhanced value for shareholders from its portfolio of platform and IT services businesses. “Both Lauren and Zanele bring extensive industry experience to the Group, and their appointments will augment our…