[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.] #  @BuzinessX Business Explainer Business Explainer posts on X about south africa, debt, finance, coronation fund the most. They currently have XXXXXX followers and XXX posts still getting attention that total XXX engagements in the last XX hours. ### Engagements: XXX [#](/creator/twitter::837611793430237185/interactions)  - X Week XXXXXXX +1,381% - X Month XXXXXXXXX +7.20% - X Months XXXXXXXXXX +52% - X Year XXXXXXXXXX +2,238% ### Mentions: XX [#](/creator/twitter::837611793430237185/posts_active)  - X Month XX -XX% - X Months XXX -XXXX% - X Year XXX +1,089% ### Followers: XXXXXX [#](/creator/twitter::837611793430237185/followers)  - X Week XXXXXX +0.23% - X Month XXXXXX +0.95% - X Months XXXXXX +15% - X Year XXXXXX +75% ### CreatorRank: XXXXXXXXX [#](/creator/twitter::837611793430237185/influencer_rank)  ### Social Influence [#](/creator/twitter::837611793430237185/influence) --- **Social category influence** [finance](/list/finance) [countries](/list/countries) [stocks](/list/stocks) [travel destinations](/list/travel-destinations) [automotive brands](/list/automotive-brands) [exchanges](/list/exchanges) [luxury brands](/list/luxury-brands) [fashion brands](/list/fashion-brands) **Social topic influence** [south africa](/topic/south-africa), [debt](/topic/debt), [finance](/topic/finance), [coronation fund](/topic/coronation-fund), [investment](/topic/investment), [mental health](/topic/mental-health), [mtn](/topic/mtn), [morgan stanley](/topic/morgan-stanley), [approved](/topic/approved), [doubled](/topic/doubled) **Top assets mentioned** [Morgan Stanley (MS)](/topic/morgan-stanley) ### Top Social Posts [#](/creator/twitter::837611793430237185/posts) --- Top posts by engagements in the last XX hours "NETCARE POSTS SOLID GROWTH Netcare has delivered strong interim results for the first half of 2025 showing resilience in a tough healthcare climate. Hospital occupancy rose to XXXX% while revenue per patient grew by XXX% reflecting high demand and efficient care. Despite challenges in mental health services due to bed refurbishments the groups overall performance remained robust. The companys focus on technology and efficiency paid off boosting margins and reinforcing its growth path -even as the National Health Insurance (NHI) looms. Netcare also plans to invest R1.5-billion this year and"  [@BuzinessX](/creator/x/BuzinessX) on [X](/post/tweet/1924752699200790614) 2025-05-20 09:02:58 UTC 39.6K followers, 7071 engagements "BLACK INVESTORS POCKET R3BN MTN Zakhele Futhi MTNs Black empowerment scheme has raised R3-billion by selling XXXXX million shares at R128 each. The sale managed by Rand Merchant Bank and Morgan Stanley balanced investor value and market fairness. Proceeds will first settle debt with remaining funds going to shareholders including MTN which owns XXXX% of the scheme. This move forms part of a strategic exit and liquidity event triggered by MTNs early call option. (Pictured - Belinda Mapongwana Chairperson MTN Zakhele Futhi)"  [@BuzinessX](/creator/x/BuzinessX) on [X](/post/tweet/1933118677940863073) 2025-06-12 11:06:23 UTC 39.6K followers, 8966 engagements "MULTICHOICE TAKEOVER APPROVED The South African Competition Tribunal has approved Canal+s takeover of MultiChoice paving the way for a major shift in Africas media landscape. The deal valued at R125 per share includes public interest commitments to support local content and historically disadvantaged communities. With finalisation expected by X October the merger aims to help MultiChoice compete against global streaming giants like Netflix. (Pictured - MultiChoice CEO Calvo Mawela - and Canal+ CEO Maxime Saada) Read more about how both CEOs hailed the deal"  [@BuzinessX](/creator/x/BuzinessX) on [X](/post/tweet/1947957475849724079) 2025-07-23 09:50:28 UTC 39.6K followers, 41.4K engagements "PPC PROFITS RISE AS COSTS FALL South African cement maker PPC has reported a solid financial recovery thanks to a sharp focus on cutting costs and streamlining operations. Although revenue dipped slightly the companys earnings before interest tax depreciation and amortisation (EBITDA) jumped XX% to R1.59-billion. Headline earnings more than doubled reaching XX cents per share. This turnaround part of PPCs Awaken the Giant strategy came from smarter logistics a leaner product mix and disciplined spending. Even with little market growth the company improved margins and declared a XXXX cents"  [@BuzinessX](/creator/x/BuzinessX) on [X](/post/tweet/1932012145081802958) 2025-06-09 09:49:25 UTC 39.6K followers, 13.3K engagements "FIRSTRAND FACES BILLION-RAND PENALTY A UK law firm Sentinel Legal has accused FirstRand of funneling over XX% of car finance interest into undisclosed commissions impacting millions of consumers. This accusation is part of an investigation by the UK's Financial Conduct Authority (FCA) into the car finance sector. The investigation spans XX years and a Supreme Court ruling in favour of consumers could lead to billions in compensation. FirstRand worth about R420-billion on the JSE has set aside R3.3-billion for potential compensation and costs. The case follows a 2024 court ruling where"  [@BuzinessX](/creator/x/BuzinessX) on [X](/post/tweet/1882710757915185269) 2025-01-24 08:43:18 UTC 39.6K followers, 11.3K engagements "SIBANYE BUYS U.S. REFINERY FOR R1.49BN Sibanye-Stillwater has bought US-based Metallix Refining for R1.49-billion strengthening its recycling and refining operations. The North Carolina firm recycles precious metals from industrial waste offering Sibanye advanced technology and extra processing capacity. CEO Neal Froneman (pictured) said the acquisition fits well with the companys global strategy. The deal also positions Sibanye to benefit from US incentives like the Inflation Reduction Act and rising demand for critical minerals. Read more about how American harsh tariffs may play out"  [@BuzinessX](/creator/x/BuzinessX) on [X](/post/tweet/1947675753824559577) 2025-07-22 15:11:00 UTC 39.6K followers, 29.5K engagements "WHY TRANSNET HAS BEEN DOWNGRADE S&P Global has downgraded Transnet citing its worsening finances and growing reliance on government bailouts. The state-owned logistics group is burning through R13.5-billion annually with no clear plan for recovery. Despite a R51-billion government guarantee operations remain weak rail volumes are down and debt pressures are rising. Critics including Business Leadership South Africa say Transnet is resisting reform while raising salaries above inflation during a fiscal crisis. Calls are growing for Treasury to enforce strict conditions and allow private sector"  [@BuzinessX](/creator/x/BuzinessX) on [X](/post/tweet/1948035880645517736) 2025-07-23 15:02:01 UTC 39.6K followers, 11.1K engagements "THE SAA R9.1BN CONTRIBUTION South African Airways (SAA) has completed a stunning comeback recently reporting its first profit since 2012 and becoming a self-sustaining force in the economy. Transport Minister Barbara Creecy (pictured) delivering her budget vote hailed the airlines R252-million profit in 2022/23 as a symbol of resilience after years of grounding and business rescue. An Oxford Economics report shows SAA contributed R9.1-billion to GDP last year with that figure projected to reach R32.6-billion by 2029/30. Jobs supported by SAA are also set to grow from 25000 to 86700. Now"  [@BuzinessX](/creator/x/BuzinessX) on [X](/post/tweet/1940761192009527789) 2025-07-03 13:15:00 UTC 39.6K followers, 571.6K engagements "BEE BOOST FOR CORONATION Coronation Fund Managers will boost its Black ownership to XX% by issuing shares to two BEE trusts. Currently Black ownership is at 31%. The deal includes creating an employee share ownership plan (ESOP) and a broad-based ownership scheme (BBOS) with shares worth R1.4-billion allocated. This is crucial as Coronation risks losing assets and market share if it doesnt meet the Black ownership requirements"  [@BuzinessX](/creator/x/BuzinessX) on [X](/post/tweet/1845709903207248183) 2024-10-14 06:15:07 UTC 39.6K followers, 1896 engagements "CHINESE LEAPMOTOR SET TO HIT SA ROADS Chinese electric vehicle brand Leapmotor will debut in South Africa this September with the C10 SUV leading the charge. The C10 uses a petrol engine to charge its battery with fully electric models arriving next year. Backed by a joint venture with Stellantis Leapmotor brings affordable EVs to a price-sensitive market. Stellantis plans to build a local plant aiming to sell one million vehicles in the Middle East and Africa by 2030 - XX% of them electric. Read more about the car"  [@BuzinessX](/creator/x/BuzinessX) on [X](/post/tweet/1948309933180752270) 2025-07-24 09:11:00 UTC 39.6K followers, 3853 engagements "STRONG PERFORMANCE BY FIRSTRAND FirstRand has reported a XX% increase in earnings for the first half of its financial year driven by its diversified portfolio in South Africa broader Africa and the UK. Headline earnings reached R20.9-billion with earnings per share rising to XXXXX cents. The group declared an interim dividend of XXX cents reflecting the same growth rate. Strong credit performance particularly in South Africa's retail sector and the UK contributed to this success. Despite challenges from high interest rates corporate and commercial divisions performed well with lending and"  [@BuzinessX](/creator/x/BuzinessX) on [X](/post/tweet/1897606690721206512) 2025-03-06 11:14:25 UTC 39.6K followers, 17.4K engagements "MINIMUM PAY FirstRand which owns FNB RMB and WesBank has raised its minimum salary for non-banking staff to R15400 per month while banking roles now start at R17900 per month. These pay changes come with other benefits like medical aid subsidies and school fee assistance. This adjustment aligns with FirstRands commitment to providing a decent standard of living for all employees. With South Africas Companies Amendment Act requiring transparency on pay disparities soon FirstRand is preparing for new reporting standards. Group CEO Mary Vilakazi earned R40-million including incentives for the"  [@BuzinessX](/creator/x/BuzinessX) on [X](/post/tweet/1851861391453372497) 2024-10-31 05:38:56 UTC 39.6K followers, 280.6K engagements "ASPEN PROFITS JUMP SIGNIFICANTLY Aspen Pharmacare South Africa's largest pharmaceutical company has reported impressive profit growth in the first half of its financial year. Revenue increased by X% to nearly R22-billion with operating profit soaring XX% to R3.9-billion driven by a strong performance in its commercial division and manufacturing segment. As global uncertainties persist Aspen is optimistic about future growth from new product launches and strategic partnerships. The company will benefit from new legislation prioritising locally manufactured products which will enhance its"  [@BuzinessX](/creator/x/BuzinessX) on [X](/post/tweet/1896611277159444637) 2025-03-03 17:19:00 UTC 39.6K followers, 9271 engagements "R3.6 BILLION PROFIT FOR REMGRO Remgro has reported a remarkable XXXX% rise in headline earnings for the six months ending December driven by strong performances from key companies like Rainbow Chicken RCL Foods Outsurance and Mediclinic. Headline earnings per share (HEPS) rose to XXX cents while earnings per share (EPS) surged by an impressive XXXXX% to XXX cents. The group achieved a total profit of R3.65-billion a significant recovery from the previous year's loss. Remgro also declared an interim dividend of XX cents per share reflecting its robust financial health. Although the company"  [@BuzinessX](/creator/x/BuzinessX) on [X](/post/tweet/1904455364445130835) 2025-03-25 08:48:36 UTC 39.6K followers, 6462 engagements "ANOTHER MINER DIES AT HARMONY GOLD Harmony Gold has suspended all operations across South Africa following a deadly accident at its Joel Mine in the Free State. A worker passed away after a fall of ground marking the companys tenth fatality in 2025. In response Harmony declared X June a Day of Safety pausing work to review and reinforce safety measures. CEO Beyers Nel offered condolences and vowed that no activity will resume unless areas are fully inspected and safe"  [@BuzinessX](/creator/x/BuzinessX) on [X](/post/tweet/1930579895395987897) 2025-06-05 10:58:10 UTC 39.6K followers, 14.5K engagements "JOHNNIE WALKER OWNER LOSES CEO Diageo the drinks giant behind Johnnie Walker and Guinness has announced the sudden exit of CEO Debra Crew. Her departure described as mutual leaves Chief Financial Officer Nik Jhangiani as interim CEO while a global search begins. Crew took over in 2023 after Sir Ivan Menezes passed away guiding the company through a tough period of global uncertainty. Though sales grew modestly new challenges have emerged including potential $150-million tariff losses and the scrapping of Diageos Distill Ventures programme. The timing is critical as consumer habits shift and"  [@BuzinessX](/creator/x/BuzinessX) on [X](/post/tweet/1946151041096929783) 2025-07-18 10:12:20 UTC 39.6K followers, 4920 engagements "R40BN REVENUE FOR VODACOM Vodacom reported a strong start to the year with group revenue rising XXXX% to R40-billion for the quarter ending June. The company saw service revenue grow by XXXX% boosted by strong contract sales in South Africa and a massive XXXX% surge in Egypt. Financial services also soared with revenue up XXXX% thanks to strong insurance uptake and mobile wallet growth. CEO Shameel Joosub (pictured) said these results support Vodacoms upgraded targets. The group is optimistic about its Maziv fibre deal and remains focused on expanding mobile digital and financial services to"  [@BuzinessX](/creator/x/BuzinessX) on [X](/post/tweet/1947945388448633076) 2025-07-23 09:02:26 UTC 39.6K followers, 82.2K engagements "GOLD BOOM SPARKS MOTSEPE MOVE Patrice Motsepes African Rainbow Minerals (ARM) has hedged part of its Harmony Gold stake hinting at bold strategic ambitions. Through a collar agreement ARM secured liquidity by hedging XX million shares - around XX% of its Harmony holding - while retaining exposure to golds upside. The deal sees ARM protected from price drops via a put option and caps gains through a call freeing up capital without selling stock. With Harmony shares soaring XX% this year and gold expected to stay strong analysts believe ARM is gearing for acquisitions or partnerships"  [@BuzinessX](/creator/x/BuzinessX) on [X](/post/tweet/1933510919943852169) 2025-06-13 13:05:00 UTC 39.6K followers, 14.3K engagements "TOP FEMALE EXECUTIVE BIDS FAREWELL Coronation Fund Managers has announced that its Chief Financial Officer Mary-Anne Musekiwa will step down in November 2025 to pursue an international opportunity. Musekiwa (pictured) one of South Africas leading women in finance joined Coronation in 2019 and played a key role in both financial strategy and transformation. She helped secure an R800-million tax win at the Constitutional Court and oversaw a shift in Black ownership from XX% to 52%. With XX% of assets now managed by Black professionals her departure is"  [@BuzinessX](/creator/x/BuzinessX) on [X](/post/tweet/1932051108815311352) 2025-06-09 12:24:14 UTC 39.6K followers, 11K engagements "CORONATION CASHES IN ON VICTORY Coronation Fund Managers annual profits more than tripled thanks to strong market returns and a tax dispute win against SARS. Total assets under management (AUM) grew XX% to R667-billion despite R51.1-billion in outflows reflecting SAs weak economy. Coronation plans to boost Black ownership to XX% through a second B-BBEE deal to secure more mandates. Shares rose X% valuing the firm at R13.8-billion with a XX% yearly increase. Headline earnings rose XXX% to 630.5c per share enabling a final dividend of 228c per share a XX% rise. Including a special dividend of"  [@BuzinessX](/creator/x/BuzinessX) on [X](/post/tweet/1858880877264019680) 2024-11-19 14:31:52 UTC 39.6K followers, 1610 engagements "FROM R51M SALARY TO R35M MultiChoice CEO Calvo Mawela has been paid R35-million after leading the company from a R4-billion loss last year to a R1.8 billion profit. This turnaround was powered by a R3.4-billion sale of its XX% stake in NMSIS to Sanlam alongside R3.7-billion in cost cuts that beat internal targets. Still revenue fell X% to R50-billion and subscriber numbers dropped by XXX million signalling pressure from streaming rivals and piracy. Mawela (pictured) missed performance targets on Showmax but exceeded goals on BetKing and savings. Although his total pay declined from"  [@BuzinessX](/creator/x/BuzinessX) on [X](/post/tweet/1940401038336417875) 2025-07-02 13:23:53 UTC 39.6K followers, 116.9K engagements "STOCKS MAY TRADE NONSTOP SAYS JSE The Johannesburg Stock Exchange (JSE) is exploring 24-hour trading aligning with global markets like Nasdaq and the London Stock Exchange. With over XX% of JSE listings dual-listed this shift aims to boost competitiveness and offer investors real-time access to global events. While the change could increase market access JSE stresses that quality and liquidity must be prioritised. This move comes amid broader reforms including new board structures and relaxed rules for smaller firms. The JSE is also deepening ties with Nasdaq to expand listing and liquidity"  [@BuzinessX](/creator/x/BuzinessX) on [X](/post/tweet/1948070355077066878) 2025-07-23 17:19:00 UTC 39.6K followers, 5345 engagements "SANRAL LANDS R7BN LOAN DEAL Sanral has secured R7-billion in funding from the New Development Bank to support toll road upgrades across key routes like the N2 N3 and N1. This follows the approval of a R16.5-billion borrowing limit with the loan guaranteed by government. The agency plans to seek more funds through bonds and loans using the remaining borrowing capacity. Sanral CEO Reginald Demana (pictured) said the funding will help the company deliver on its mandate. Read more on how Gauteng is still tackling R15.9-billion in e-toll debt"  [@BuzinessX](/creator/x/BuzinessX) on [X](/post/tweet/1947690853247369238) 2025-07-22 16:11:00 UTC 39.6K followers, 44.2K engagements "GOVERNMENT BACKS VODACOM South Africa's Trade Minister Parks Tau is appealing a decision by the Competition Tribunal that blocked Vodacom's R13.2-billion deal to buy a stake in Remgro's fibre businesses. The government supports the merger arguing it will boost investment in digital infrastructure especially in low-income areas. Vodacom plans to invest R10-billion and create 10000 jobs. However the final decision could take months and deal terms are being renegotiated as competition grows in the market"  [@BuzinessX](/creator/x/BuzinessX) on [X](/post/tweet/1861721365142712475) 2024-11-27 10:38:57 UTC 39.6K followers, 13.6K engagements "VODACOM'S DEAL BLOCKED South Africas Competition Tribunal has blocked Vodacom Groups R13.2-billion purchase of a stake in Remgros fiber businesses. The Competition Commission had previously raised antitrust concerns recommending that the tribunal prevent the deal - which reflects ongoing scrutiny of mergers in the telecommunications sector as companies invest in infrastructure to serve a tech-savvy population. More on this here:"  [@BuzinessX](/creator/x/BuzinessX) on [X](/post/tweet/1851507073558741258) 2024-10-30 06:11:00 UTC 39.6K followers, 19.2K engagements "LOUIS VUITTON HACKED Luxury fashion house Louis Vuitton is under investigation after a major data breach exposed personal details of nearly 419000 customers. The leak revealed sensitive information including names passport numbers addresses contact details and shopping preferences of customers in Hong Kong. It was discovered on XX June by Louis Vuittons headquarters in France but authorities in Hong Kong were only informed on XX July. Investigators will now look into whether the company delayed reporting the breach. So far no complaints have been filed. Read more"  [@BuzinessX](/creator/x/BuzinessX) on [X](/post/tweet/1947525261987353030) 2025-07-22 05:13:00 UTC 39.6K followers, 12.1K engagements "WOOLIES FOOD SHINES Woolworths is facing a tough season with its share price dropping over XX% in six months. While its food division continues to shine - delivering strong double-digit growth and winning over more customers - the rest of the business tells a different story. In South Africa fashion sales have been hit by stock delays and rising costs. Meanwhile in Australia profits from Country Road Group have tumbled due to weak consumer demand and fallout from selling David Jones. The company is investing over R10-billion in transformation and new formats but these moves are hurting"  [@BuzinessX](/creator/x/BuzinessX) on [X](/post/tweet/1945791554200998127) 2025-07-17 10:23:52 UTC 39.6K followers, 10.2K engagements "SANLAM SEES MILLIONS OF JOBS AHEAD Sanlam is calling for bold investment in Africas blue economy to tackle youth unemployment and unlock growth. Teboho Makhabane (pictured) head of ESG at Sanlam Investments says South Africas 30500 km coastline is a massive untapped resource. Coastal tourism fisheries and aquaculture could create millions of jobs especially in rural and marginalised areas. With SA hosting the 2025 G20 Summit Sanlam urges a focus on scalable youth-led industries like marine biotech and blue enterprise zones. If supported by infrastructure training and innovation the blue"  [@BuzinessX](/creator/x/BuzinessX) on [X](/post/tweet/1948055003903496587) 2025-07-23 16:18:00 UTC 39.6K followers, 24.9K engagements
[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]
@BuzinessX Business Explainer
Business Explainer posts on X about south africa, debt, finance, coronation fund the most. They currently have XXXXXX followers and XXX posts still getting attention that total XXX engagements in the last XX hours.
Engagements: XXX #
- X Week XXXXXXX +1,381%
- X Month XXXXXXXXX +7.20%
- X Months XXXXXXXXXX +52%
- X Year XXXXXXXXXX +2,238%
Mentions: XX #
- X Month XX -XX%
- X Months XXX -XXXX%
- X Year XXX +1,089%
Followers: XXXXXX #
- X Week XXXXXX +0.23%
- X Month XXXXXX +0.95%
- X Months XXXXXX +15%
- X Year XXXXXX +75%
CreatorRank: XXXXXXXXX #
Social Influence #
Social category influence finance countries stocks travel destinations automotive brands exchanges luxury brands fashion brands
Social topic influence south africa, debt, finance, coronation fund, investment, mental health, mtn, morgan stanley, approved, doubled
Top assets mentioned Morgan Stanley (MS)
Top Social Posts #
Top posts by engagements in the last XX hours
"NETCARE POSTS SOLID GROWTH Netcare has delivered strong interim results for the first half of 2025 showing resilience in a tough healthcare climate. Hospital occupancy rose to XXXX% while revenue per patient grew by XXX% reflecting high demand and efficient care. Despite challenges in mental health services due to bed refurbishments the groups overall performance remained robust. The companys focus on technology and efficiency paid off boosting margins and reinforcing its growth path -even as the National Health Insurance (NHI) looms. Netcare also plans to invest R1.5-billion this year and"
@BuzinessX on X 2025-05-20 09:02:58 UTC 39.6K followers, 7071 engagements
"BLACK INVESTORS POCKET R3BN MTN Zakhele Futhi MTNs Black empowerment scheme has raised R3-billion by selling XXXXX million shares at R128 each. The sale managed by Rand Merchant Bank and Morgan Stanley balanced investor value and market fairness. Proceeds will first settle debt with remaining funds going to shareholders including MTN which owns XXXX% of the scheme. This move forms part of a strategic exit and liquidity event triggered by MTNs early call option. (Pictured - Belinda Mapongwana Chairperson MTN Zakhele Futhi)" @BuzinessX on X 2025-06-12 11:06:23 UTC 39.6K followers, 8966 engagements
"MULTICHOICE TAKEOVER APPROVED The South African Competition Tribunal has approved Canal+s takeover of MultiChoice paving the way for a major shift in Africas media landscape. The deal valued at R125 per share includes public interest commitments to support local content and historically disadvantaged communities. With finalisation expected by X October the merger aims to help MultiChoice compete against global streaming giants like Netflix. (Pictured - MultiChoice CEO Calvo Mawela - and Canal+ CEO Maxime Saada) Read more about how both CEOs hailed the deal" @BuzinessX on X 2025-07-23 09:50:28 UTC 39.6K followers, 41.4K engagements
"PPC PROFITS RISE AS COSTS FALL South African cement maker PPC has reported a solid financial recovery thanks to a sharp focus on cutting costs and streamlining operations. Although revenue dipped slightly the companys earnings before interest tax depreciation and amortisation (EBITDA) jumped XX% to R1.59-billion. Headline earnings more than doubled reaching XX cents per share. This turnaround part of PPCs Awaken the Giant strategy came from smarter logistics a leaner product mix and disciplined spending. Even with little market growth the company improved margins and declared a XXXX cents" @BuzinessX on X 2025-06-09 09:49:25 UTC 39.6K followers, 13.3K engagements
"FIRSTRAND FACES BILLION-RAND PENALTY A UK law firm Sentinel Legal has accused FirstRand of funneling over XX% of car finance interest into undisclosed commissions impacting millions of consumers. This accusation is part of an investigation by the UK's Financial Conduct Authority (FCA) into the car finance sector. The investigation spans XX years and a Supreme Court ruling in favour of consumers could lead to billions in compensation. FirstRand worth about R420-billion on the JSE has set aside R3.3-billion for potential compensation and costs. The case follows a 2024 court ruling where" @BuzinessX on X 2025-01-24 08:43:18 UTC 39.6K followers, 11.3K engagements
"SIBANYE BUYS U.S. REFINERY FOR R1.49BN Sibanye-Stillwater has bought US-based Metallix Refining for R1.49-billion strengthening its recycling and refining operations. The North Carolina firm recycles precious metals from industrial waste offering Sibanye advanced technology and extra processing capacity. CEO Neal Froneman (pictured) said the acquisition fits well with the companys global strategy. The deal also positions Sibanye to benefit from US incentives like the Inflation Reduction Act and rising demand for critical minerals. Read more about how American harsh tariffs may play out" @BuzinessX on X 2025-07-22 15:11:00 UTC 39.6K followers, 29.5K engagements
"WHY TRANSNET HAS BEEN DOWNGRADE S&P Global has downgraded Transnet citing its worsening finances and growing reliance on government bailouts. The state-owned logistics group is burning through R13.5-billion annually with no clear plan for recovery. Despite a R51-billion government guarantee operations remain weak rail volumes are down and debt pressures are rising. Critics including Business Leadership South Africa say Transnet is resisting reform while raising salaries above inflation during a fiscal crisis. Calls are growing for Treasury to enforce strict conditions and allow private sector" @BuzinessX on X 2025-07-23 15:02:01 UTC 39.6K followers, 11.1K engagements
"THE SAA R9.1BN CONTRIBUTION South African Airways (SAA) has completed a stunning comeback recently reporting its first profit since 2012 and becoming a self-sustaining force in the economy. Transport Minister Barbara Creecy (pictured) delivering her budget vote hailed the airlines R252-million profit in 2022/23 as a symbol of resilience after years of grounding and business rescue. An Oxford Economics report shows SAA contributed R9.1-billion to GDP last year with that figure projected to reach R32.6-billion by 2029/30. Jobs supported by SAA are also set to grow from 25000 to 86700. Now" @BuzinessX on X 2025-07-03 13:15:00 UTC 39.6K followers, 571.6K engagements
"BEE BOOST FOR CORONATION Coronation Fund Managers will boost its Black ownership to XX% by issuing shares to two BEE trusts. Currently Black ownership is at 31%. The deal includes creating an employee share ownership plan (ESOP) and a broad-based ownership scheme (BBOS) with shares worth R1.4-billion allocated. This is crucial as Coronation risks losing assets and market share if it doesnt meet the Black ownership requirements" @BuzinessX on X 2024-10-14 06:15:07 UTC 39.6K followers, 1896 engagements
"CHINESE LEAPMOTOR SET TO HIT SA ROADS Chinese electric vehicle brand Leapmotor will debut in South Africa this September with the C10 SUV leading the charge. The C10 uses a petrol engine to charge its battery with fully electric models arriving next year. Backed by a joint venture with Stellantis Leapmotor brings affordable EVs to a price-sensitive market. Stellantis plans to build a local plant aiming to sell one million vehicles in the Middle East and Africa by 2030 - XX% of them electric. Read more about the car" @BuzinessX on X 2025-07-24 09:11:00 UTC 39.6K followers, 3853 engagements
"STRONG PERFORMANCE BY FIRSTRAND FirstRand has reported a XX% increase in earnings for the first half of its financial year driven by its diversified portfolio in South Africa broader Africa and the UK. Headline earnings reached R20.9-billion with earnings per share rising to XXXXX cents. The group declared an interim dividend of XXX cents reflecting the same growth rate. Strong credit performance particularly in South Africa's retail sector and the UK contributed to this success. Despite challenges from high interest rates corporate and commercial divisions performed well with lending and" @BuzinessX on X 2025-03-06 11:14:25 UTC 39.6K followers, 17.4K engagements
"MINIMUM PAY FirstRand which owns FNB RMB and WesBank has raised its minimum salary for non-banking staff to R15400 per month while banking roles now start at R17900 per month. These pay changes come with other benefits like medical aid subsidies and school fee assistance. This adjustment aligns with FirstRands commitment to providing a decent standard of living for all employees. With South Africas Companies Amendment Act requiring transparency on pay disparities soon FirstRand is preparing for new reporting standards. Group CEO Mary Vilakazi earned R40-million including incentives for the" @BuzinessX on X 2024-10-31 05:38:56 UTC 39.6K followers, 280.6K engagements
"ASPEN PROFITS JUMP SIGNIFICANTLY Aspen Pharmacare South Africa's largest pharmaceutical company has reported impressive profit growth in the first half of its financial year. Revenue increased by X% to nearly R22-billion with operating profit soaring XX% to R3.9-billion driven by a strong performance in its commercial division and manufacturing segment. As global uncertainties persist Aspen is optimistic about future growth from new product launches and strategic partnerships. The company will benefit from new legislation prioritising locally manufactured products which will enhance its" @BuzinessX on X 2025-03-03 17:19:00 UTC 39.6K followers, 9271 engagements
"R3.6 BILLION PROFIT FOR REMGRO Remgro has reported a remarkable XXXX% rise in headline earnings for the six months ending December driven by strong performances from key companies like Rainbow Chicken RCL Foods Outsurance and Mediclinic. Headline earnings per share (HEPS) rose to XXX cents while earnings per share (EPS) surged by an impressive XXXXX% to XXX cents. The group achieved a total profit of R3.65-billion a significant recovery from the previous year's loss. Remgro also declared an interim dividend of XX cents per share reflecting its robust financial health. Although the company" @BuzinessX on X 2025-03-25 08:48:36 UTC 39.6K followers, 6462 engagements
"ANOTHER MINER DIES AT HARMONY GOLD Harmony Gold has suspended all operations across South Africa following a deadly accident at its Joel Mine in the Free State. A worker passed away after a fall of ground marking the companys tenth fatality in 2025. In response Harmony declared X June a Day of Safety pausing work to review and reinforce safety measures. CEO Beyers Nel offered condolences and vowed that no activity will resume unless areas are fully inspected and safe" @BuzinessX on X 2025-06-05 10:58:10 UTC 39.6K followers, 14.5K engagements
"JOHNNIE WALKER OWNER LOSES CEO Diageo the drinks giant behind Johnnie Walker and Guinness has announced the sudden exit of CEO Debra Crew. Her departure described as mutual leaves Chief Financial Officer Nik Jhangiani as interim CEO while a global search begins. Crew took over in 2023 after Sir Ivan Menezes passed away guiding the company through a tough period of global uncertainty. Though sales grew modestly new challenges have emerged including potential $150-million tariff losses and the scrapping of Diageos Distill Ventures programme. The timing is critical as consumer habits shift and" @BuzinessX on X 2025-07-18 10:12:20 UTC 39.6K followers, 4920 engagements
"R40BN REVENUE FOR VODACOM Vodacom reported a strong start to the year with group revenue rising XXXX% to R40-billion for the quarter ending June. The company saw service revenue grow by XXXX% boosted by strong contract sales in South Africa and a massive XXXX% surge in Egypt. Financial services also soared with revenue up XXXX% thanks to strong insurance uptake and mobile wallet growth. CEO Shameel Joosub (pictured) said these results support Vodacoms upgraded targets. The group is optimistic about its Maziv fibre deal and remains focused on expanding mobile digital and financial services to" @BuzinessX on X 2025-07-23 09:02:26 UTC 39.6K followers, 82.2K engagements
"GOLD BOOM SPARKS MOTSEPE MOVE Patrice Motsepes African Rainbow Minerals (ARM) has hedged part of its Harmony Gold stake hinting at bold strategic ambitions. Through a collar agreement ARM secured liquidity by hedging XX million shares - around XX% of its Harmony holding - while retaining exposure to golds upside. The deal sees ARM protected from price drops via a put option and caps gains through a call freeing up capital without selling stock. With Harmony shares soaring XX% this year and gold expected to stay strong analysts believe ARM is gearing for acquisitions or partnerships" @BuzinessX on X 2025-06-13 13:05:00 UTC 39.6K followers, 14.3K engagements
"TOP FEMALE EXECUTIVE BIDS FAREWELL Coronation Fund Managers has announced that its Chief Financial Officer Mary-Anne Musekiwa will step down in November 2025 to pursue an international opportunity. Musekiwa (pictured) one of South Africas leading women in finance joined Coronation in 2019 and played a key role in both financial strategy and transformation. She helped secure an R800-million tax win at the Constitutional Court and oversaw a shift in Black ownership from XX% to 52%. With XX% of assets now managed by Black professionals her departure is" @BuzinessX on X 2025-06-09 12:24:14 UTC 39.6K followers, 11K engagements
"CORONATION CASHES IN ON VICTORY Coronation Fund Managers annual profits more than tripled thanks to strong market returns and a tax dispute win against SARS. Total assets under management (AUM) grew XX% to R667-billion despite R51.1-billion in outflows reflecting SAs weak economy. Coronation plans to boost Black ownership to XX% through a second B-BBEE deal to secure more mandates. Shares rose X% valuing the firm at R13.8-billion with a XX% yearly increase. Headline earnings rose XXX% to 630.5c per share enabling a final dividend of 228c per share a XX% rise. Including a special dividend of" @BuzinessX on X 2024-11-19 14:31:52 UTC 39.6K followers, 1610 engagements
"FROM R51M SALARY TO R35M MultiChoice CEO Calvo Mawela has been paid R35-million after leading the company from a R4-billion loss last year to a R1.8 billion profit. This turnaround was powered by a R3.4-billion sale of its XX% stake in NMSIS to Sanlam alongside R3.7-billion in cost cuts that beat internal targets. Still revenue fell X% to R50-billion and subscriber numbers dropped by XXX million signalling pressure from streaming rivals and piracy. Mawela (pictured) missed performance targets on Showmax but exceeded goals on BetKing and savings. Although his total pay declined from" @BuzinessX on X 2025-07-02 13:23:53 UTC 39.6K followers, 116.9K engagements
"STOCKS MAY TRADE NONSTOP SAYS JSE The Johannesburg Stock Exchange (JSE) is exploring 24-hour trading aligning with global markets like Nasdaq and the London Stock Exchange. With over XX% of JSE listings dual-listed this shift aims to boost competitiveness and offer investors real-time access to global events. While the change could increase market access JSE stresses that quality and liquidity must be prioritised. This move comes amid broader reforms including new board structures and relaxed rules for smaller firms. The JSE is also deepening ties with Nasdaq to expand listing and liquidity" @BuzinessX on X 2025-07-23 17:19:00 UTC 39.6K followers, 5345 engagements
"SANRAL LANDS R7BN LOAN DEAL Sanral has secured R7-billion in funding from the New Development Bank to support toll road upgrades across key routes like the N2 N3 and N1. This follows the approval of a R16.5-billion borrowing limit with the loan guaranteed by government. The agency plans to seek more funds through bonds and loans using the remaining borrowing capacity. Sanral CEO Reginald Demana (pictured) said the funding will help the company deliver on its mandate. Read more on how Gauteng is still tackling R15.9-billion in e-toll debt" @BuzinessX on X 2025-07-22 16:11:00 UTC 39.6K followers, 44.2K engagements
"GOVERNMENT BACKS VODACOM South Africa's Trade Minister Parks Tau is appealing a decision by the Competition Tribunal that blocked Vodacom's R13.2-billion deal to buy a stake in Remgro's fibre businesses. The government supports the merger arguing it will boost investment in digital infrastructure especially in low-income areas. Vodacom plans to invest R10-billion and create 10000 jobs. However the final decision could take months and deal terms are being renegotiated as competition grows in the market" @BuzinessX on X 2024-11-27 10:38:57 UTC 39.6K followers, 13.6K engagements
"VODACOM'S DEAL BLOCKED South Africas Competition Tribunal has blocked Vodacom Groups R13.2-billion purchase of a stake in Remgros fiber businesses. The Competition Commission had previously raised antitrust concerns recommending that the tribunal prevent the deal - which reflects ongoing scrutiny of mergers in the telecommunications sector as companies invest in infrastructure to serve a tech-savvy population. More on this here:" @BuzinessX on X 2024-10-30 06:11:00 UTC 39.6K followers, 19.2K engagements
"LOUIS VUITTON HACKED Luxury fashion house Louis Vuitton is under investigation after a major data breach exposed personal details of nearly 419000 customers. The leak revealed sensitive information including names passport numbers addresses contact details and shopping preferences of customers in Hong Kong. It was discovered on XX June by Louis Vuittons headquarters in France but authorities in Hong Kong were only informed on XX July. Investigators will now look into whether the company delayed reporting the breach. So far no complaints have been filed. Read more" @BuzinessX on X 2025-07-22 05:13:00 UTC 39.6K followers, 12.1K engagements
"WOOLIES FOOD SHINES Woolworths is facing a tough season with its share price dropping over XX% in six months. While its food division continues to shine - delivering strong double-digit growth and winning over more customers - the rest of the business tells a different story. In South Africa fashion sales have been hit by stock delays and rising costs. Meanwhile in Australia profits from Country Road Group have tumbled due to weak consumer demand and fallout from selling David Jones. The company is investing over R10-billion in transformation and new formats but these moves are hurting" @BuzinessX on X 2025-07-17 10:23:52 UTC 39.6K followers, 10.2K engagements
"SANLAM SEES MILLIONS OF JOBS AHEAD Sanlam is calling for bold investment in Africas blue economy to tackle youth unemployment and unlock growth. Teboho Makhabane (pictured) head of ESG at Sanlam Investments says South Africas 30500 km coastline is a massive untapped resource. Coastal tourism fisheries and aquaculture could create millions of jobs especially in rural and marginalised areas. With SA hosting the 2025 G20 Summit Sanlam urges a focus on scalable youth-led industries like marine biotech and blue enterprise zones. If supported by infrastructure training and innovation the blue" @BuzinessX on X 2025-07-23 16:18:00 UTC 39.6K followers, 24.9K engagements