Nqobile Dludla

1 week ago | marketscreener.com | Nqobile Dludla |Bhargav Acharya

Published on 05/27/2025 at 04:56, updated on 05/27/2025 at 10:23 JOHANNESBURG (Reuters) -South Africa is not planning to water down its Black economic empowerment laws just to suit Elon Musk's Starlink, a minister said on Tuesday, responding to criticism of policy changes he announced days after President Cyril Ramaphosa met Donald Trump.

1 week ago | zawya.com | Olivia Kumwenda-Mtambo |Nqobile Dludla

South Africa has announced draft policy recognising alternatives to Black ownership requirements, which could encourage Elon Musk's Starlink and other communications companies to operate in the country. South Africa's Electronic Communications Act requires foreign-owned communications licensees to sell 30% of equity in their local subsidiaries to historically disadvantaged groups - a provision criticised by Starlink and other companies.

1 week ago | insidepolitic.co.za | Nqobile Dludla

By Nqobile DludlaSouth African grocery group Pick n Pay on Monday reported a narrower full-year loss before tax, reflecting a lower trading loss in its core supermarket business, and said it expects that unit to now break even in 2028. The country’s second biggest grocery retailer by southern Africa turnover is in the middle of a turnaround aimed at regaining customers and returning to profitability after years of losing market share to bigger rival Shoprite  and underperforming stores.

1 week ago | marketscreener.com | Nqobile Dludla

Published on 05/26/2025 at 01:16, updated on 05/26/2025 at 05:40 JOHANNESBURG (Reuters) -South African grocery group Pick n Pay on Monday reported a narrower full-year loss before tax, reflecting a lower trading loss in its core supermarket business, and said it expects that unit to now break even in 2028.

2 weeks ago | reuters.com | Olivia Kumwenda-Mtambo |Nqobile Dludla

JOHANNESBURG, May 23 (Reuters) - South Africa has announced draft policy recognising alternatives to Black ownership requirements, which could encourage Elon Musk's Starlink and other communications companies to operate in the country. South Africa's Electronic Communications Act requires foreign-owned communications licensees to sell 30% of equity in their local subsidiaries to historically disadvantaged groups - a provision criticised by Starlink and other companies. Sign up here.