US private equity firm L Catterton is close to buying a controlling stake in the fitness competition brand Hyrox in a deal that may value the company at about €600 million (R11 billion), according to people familiar with the situation. Launched in 2017 in Hamburg, Germany, Hyrox has quickly expanded into one of the fastest-growing … Read more
Martial arts exponent Hayden Barnard was sentenced to 11 months of home detention in the Nelson District Court on Friday after a jury found him guilty of wounding with intent to cause grievous bodily harm following an incident on November 23, 2023. Nelson Court Trial Verdicts and Sentencing Details According to court proceedings, the jury … Read more
The South African rand strengthened to its best level in five months, trading around R16.17 against the US dollar, driven by weaker-than-expected US employment data that forced markets to slash expectations for a Federal Reserve rate hike. According to Reuters reporting cited by News24, futures markets cut the odds of a September rate increase to … Read more
According to FLORIDA TODAY space reporters Rick Neale and Brooke Edwards, a SpaceX Falcon 9 rocket is scheduled to launch 29 Starlink broadband satellites into low-Earth orbit from Launch Complex 40 at Cape Canaveral Space Force Station in Florida. The launch window opens on Monday, Aug. 10, running from 10:49 a.m. to 2:49 p.m. ET, … Read more
Former Sibanye-Stillwater CEO Neal Froneman has been appointed chair of the board at junior miner Copper 360, according to an announcement from the company. Froneman joins the JSE-listed copper producer as the firm attempts to stabilise its operations, address heavy historical losses, and transition toward sustained profitability following a major financial restructuring. Neal Froneman Takes … Read more
Jordan Spieth carded an even-par 70 during the third round of the Rocket Classic at Detroit Golf Club on Saturday, Aug. 1, 2026, dropping to 6-under for the tournament and a tie for 48th place, according to tournament records. The round unraveled on the back nine following a double-bogey and a bogey on consecutive holes, … Read more
According to a Special Tribunal judgment delivered on 13 July 2026, the Mshandukani Foundation received a R4 million National Lotteries Commission grant in 2019 intended for installing boreholes at rural Eastern Cape schools and clinics, but Special Investigating Unit probes revealed the boreholes had actually been constructed three years earlier in 2016. Fraudulent Borehole Grant … Read more
Mauritius faces a crucial test of its long-standing status as a low-tax gateway for cross-border capital as a raft of new corporate taxes threatens to erode bank profitability, according to Moody’s Ratings. Banking Sector Profitability Under Pressure in Mauritius Lenders across the Indian Ocean financial hub are grappling with a tightening fiscal regime designed to … Read more
Claire Swanson, a former food product developer at Woolworths, successfully launched the confectionery brand ARK Provisions after identifying a market gap for spicy, fruit-flavored sweets inspired by Mexican dulces enchilados. According to an interview on the Business Week podcast, the brand transitioned from a home-based kitchen project to a national retail presence in Shoprite Group … Read more
South Africa has secured a $1.5 billion loan from the World Bank to accelerate infrastructure modernization and job creation. This capital marks the fourth development policy loan provided to the country since 2022, aimed at resolving long-standing infrastructure bottlenecks that have constrained economic growth for a decade. Did You Know? The World Bank reports that … Read more