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The Casual Workers Advice Office has strongly criticized the recent ruling by the Commission for Conciliation, Mediation, and Arbitration (CCMA), which upheld Dis-Chem's dismissal of an employee unable to meet the physical demands of her role due to cancer treatment. The decision, favoring the S

Madinet Masr Housing and Development , led by Abdallah Sallam, has achieved financial growth in the first half (H1) of 2024. The company reported a 149.40-percent increase in net profits, reaching EGP 1.45 billion ($29.54 million), up from EGP 584.70 million ($11.91 million) in H1-2023.

Orascom Development Egypt, the prominent subsidiary of Orascom Development Holding (ODH), owned by Egyptian billionaire Samih Sawiris, has reported a 65-percent increase in consolidated revenues for the first half (H1) of 2024. The company's revenues reached EGP 10.21 billion ($208 mill

Transaction Capital, a leading financial services group led by South African business executive Jonathan Jawno, has revealed plans to sell its non-core assets to fintech and financial services firm Q Link Holdings. The assets for sale include Nutun Holdings, Nutun Transact, Accsys, and

South African businessman Tshepo Mahloele has achieved notable financial success this year, attributed to his indirect stake in Capitec Bank, which has exceeded $1.3 billion. This surge has positioned him among Africa's billionaires, reflecting a substantial increase in his wealth. Sinc

Standard Bank, a financial services giant led by South African banker Sim Tshabalala, reported a resilient financial performance in the first half of 2024 , despite challenging macroeconomic conditions and geopolitical tensions. The group's headline earnings, the primary measure of prof

The Egyptian Ghabbour family has witnessed a substantial decrease in the market value of their holdings in GB Corp., with their stake slipping below the $200 million mark, attributed to a significant drop in the company's share price on the Egyptian Exchange (EGX). According to data tra

IHS Holding, the telecom infrastructure giant led by U.S.-Nigerian businessman Sam Darwish, reported a significant decline in revenue for the second quarter of 2024 . The company's revenue fell to $435.4 million, down 20.3 percent from $546.2 million in the same period last year. The dr

Talaat Moustafa Group (TMG) Holding, led by billionaire Hisham Talaat Moustafa, has reported a remarkable financial performance for the first half of 2024, marked by a substantial increase in revenue and profitability. This comes amid robust demand for luxury real estate and the launch of its am