Edward West

Multimedia Journalist, Business

Manngwe Mining accuses ArcelorMittal of abusing power in iron ore dispute

Edward West|Published

Manngwe Mining has accused ArcelorMittal South Africa of abusing its dominant position in the iron ore market, claiming the company's actions have jeopardised its ...

Datatec plans a R7.1 billion special dividend following a refinancing to position it for growth

Edward West|Published

Datatec's share price surged by 5.87% after announcing a special dividend of up to R7.1 billion, following a significant refinancing deal with General Atlantic. ...

Prosus reaches profitability across all internet ecosystems

Edward West|Published

Construction has commenced on the R650 million GrandWest Mall in Cape Town, marking a significant investment in the local economy and enhancing the GrandWest entertainment ...

Construction begins on R650 million GrandWest Mall in Cape Town

Edward West|Published

Construction has commenced on the R650 million GrandWest Mall in Cape Town, marking a significant investment in the local economy and enhancing the GrandWest entertainment ...

New blended finance vehicle Zafiri aims to power millions of people in Africa by 2030

Edward West|Published

Inspired Evolution has launched Zafiri, a $176 million blended capital vehicle aimed at expanding electricity access to 300 million people in sub-Saharan Africa ...

Libstar Holdings reports flat trading revenue amid challenging consumer environment

Edward West|Published

Libstar Holdings reports flat trading revenue for the 21 weeks ending May 31, citing a constrained consumer environment and inflationary pressures affecting manufacturing ...

Lesaka Technologies extends Bank Zero acquisition deadline to January 2027

Edward West|Published

Lesaka Technologies has announced an extension of the acquisition deadline for Bank Zero to January 31, 2027, as it seeks to fulfil regulatory requirements. This ...

Christo Wiese's Brait announces R2.5 billion rights offer ahead of Virgin Active listing

Edward West|Published

Brait, led by Christo Wiese, plans a R2.5 billion rights offer to unlock shareholder value ahead of Virgin Active's listing, aiming to reduce debt and enhance business ...

SAPO's turnaround: From financial distress to stability and future growth

Edward West|Published

The South African Post Office has successfully concluded its business rescue process, significantly reducing creditor debt and stabilising its operations, paving ...

Stor-Age Property REIT reports 5.1% increase in distributable income per share

Edward West|Published

Stor-Age Property REIT has reported a 5.1% increase in distributable income per share for the year ending March, alongside a final dividend declaration. Despite ...

Tongaat Hulett avoids liquidation, but action is required from government on dumped imports

Edward West|Updated

The future of South Africa's sugar industry is secured for now as Tongaat Hulett's provisional liquidation application is withdrawn, protecting 250,000 jobs and ...

Tongaat Hulett withdraws liquidation application

Edward West|Published

Durban High Court permits Tongaat Hulett's Business Rescue Practitioners to withdraw the liquidation application, marking a pivotal moment for the sugar industry ...

Vukile Property Fund sees strong growth in 2026 and big ambitions in Italy

Edward West|Published

Vukile Property Fund reports impressive growth in assets and dividends for the year ending March 31, with strategic expansions into Italy and significant improvements ...

Premier Group warns of potential 5 percent price rise on its food and personal care products

Edward West|Updated

Premier Group anticipates a 5% increase in food product prices due to rising costs, while reporting record profits and a significant acquisition. CEO Kobus Gertenbach ...

World Bank and African Development Bank's Mission 300: Early milestone in electrification

Edward West|Updated

Mission 300, a joint initiative by the World Bank and African Development Bank, has successfully connected over 50 million people to electricity across sub-Saharan ...

GeT Metal Group launches new tyre waste-to-energy initiative in aluminium production

Edward West|Published

GeT Metal Group and GeT Alloys are set to revolutionise aluminium production in South Africa by launching a waste-to-energy initiative that transforms 150,000 end-of-life ...

KAP anticipates over 50 percent increase in headline earnings despite tough markets

Edward West|Published

" KAP Group forecasts a significant increase in headline earnings for the year ending June 2026, despite facing numerous challenges, including geopolitical tensions ...

Vodacom Group's R23.6 billion investment boosts network resilience and innovation

Edward West|Published

Vodacom Group has announced a significant R23.6 billion investment aimed at enhancing its mobile network resilience and expanding its services beyond traditional ...

Novus Holdings increases stake in Mustek to 50 percent amid resilient financial results

Edward West|Published

Novus Holdings has increased its stake in Mustek to 50.39% following a series of strategic acquisitions and has announced a mandatory offer for the remaining shares. ...

Pan African Resources to list on the Australian Stock Exchange in July

Edward West|Published

Pan African Resources is set to list on the Australian Stock Exchange in July 2026, following a significant acquisition and a projected 40% increase in gold production. ...

Alexander Forbes holds steady with dividends amid solid financial performance

Edward West|Published

In an impressive financial year, Alexander Forbes showcases resilience and growth, maintaining dividends and embracing technology while adapting to evolving client ...

Rosatom starts building world first, export small modular nuclear plant: lessons for South Africa?

Edward West|Published

Rosatom has commenced construction of the world's first export Small Modular Nuclear Power Plant in Uzbekistan, presenting South Africa with a unique opportunity ...

Sirius Real Estate raises R3.5 billion through bond taps

Edward West|Published

Sirius Real Estate successfully taps into the bond market, raising €185.1 million to strengthen its financial position and enhance liquidity.

SPAR Group admits to cost issues, outlines recovery plans and new focus on retailer

Edward West|Published

SPAR Group's CEO Reeza Isaacs discusses the company's recovery strategy, focusing on improving outcomes for independent retailers amidst financial challenges.

Afrimat sells quarries and concrete plants to Saturc for R215 million

Edward West|Published

Afrimat has announced the sale of certain aggregates quarries and readymix concrete plants to Saturc for R215 million, fulfilling conditions set by the Competition ...