Michelle Gumede

2 months ago | businesslive.co.za | Michelle Gumede

Armed with the power of cutting-edge technology and a refreshed operating model that promises fairness and safety for both passengers and drivers, greenhorn Twytch is looking to establish itself as a competitive player in the e-hailing market, which large multinationals like Uber have dominated.

2 months ago | businesslive.co.za | Michelle Gumede

Coupling SA’s recent visa reforms with better flight schedules and additional route networks from high-volume locations such as China and India will bolster the country’s tourism industry to new heights. This is according to Brett Hoppé, manager of Sun International’s flagship Sun City resort, who said the industry’s years-long lobbying for the relaxation of visa requirements was beginning to bear fruit with a raft of recent visa-easing regulations resulting in a rise in visitors.

2 months ago | businesslive.co.za | Michelle Gumede

MARKET WRAP Business Day TV talks to Reko Nare from Anchor Capital

Jan 21, 2025 | businesslive.co.za | Michelle Gumede

Hudaco has agreed to pay about R709m to acquire the trading assets and liabilities of Isotec, as part of its diversification strategy. The category 2 transaction, which does not require shareholder approval, will result in Hudaco taking over Isotec, which manufactures and distributes thermal and electrical insulation materials primarily used in manufacturing and repairing transformers and electrical motors for the manufacturing, mining, repair, railway, generation and switchgear segments...

Jan 20, 2025 | businesslive.co.za | Michelle Gumede

Murray & Roberts (M&R) on Monday told investors it had secured R250m in credit and post-commencement finance from capital markets, indicating strong support from the financial markets as the group tries to get back on its feet. The post-commencement finance funding of R130m is set to help M&R stay afloat by providing capital for operations and restructuring.