recent johannesburg news from news24.com

ACSA eyes cash reserves for R22bn airports expansion

South Africas state-owned airports operator plans to use its cash reserves to fund the first two years of a R21.7 billion infrastructure program that includes refurbishing airports. Airports Company South Africa (ACSA) will turn to capital markets for financing from the third year of the project, Ch
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06 Sep 2024

Wolvaardt, Jansen big winners at Cricket SA Awards

Laura Wolvaardt and Marco Jansen walked away as the SA Women's and Men's Players of the Year at the Cricket South Africa (CSA) Awards held in Johannesburg on Thursday evening. Proteas women skipper Wolvaardt collected five awards on the night as she was crowned Women's T20 Internatio
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06 Sep 2024

Telkom picks up about R620m in record SA property auction

SA's third-biggest mobile operator, Telkom, has disposed of 17 non-core properties for a cash injection worth R617 million. According to the property marketing and auction company In2assets, the properties included commercial buildings, administration blocks, development sites and land
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05 Sep 2024

Captain Siya trains with Boks, looks fit and ready for All Blacks

There was good news for Springbok fans on Wednesday as captain Siya Kolisi was training with the squad at Cape Town Stadium ahead of Saturday's Test match against the All Blacks. Kolisi has been a major doubt for the fixture after leaving the field at Ellis Park this past weekend having
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04 Sep 2024

Bogus Prasa engineer Daniel Mthimkhulu sentenced to 15 years in prison

Former head of engineering at the Passenger Rail Association of South Africa (Prasa), Daniel Mthimkhulu, has been sentenced to 15 years in prison for falsifying his qualifications and other documents. In early 2022, Mthimkhulu was found guilty on three counts of fraud for falsifying his
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03 Sep 2024

Basketball South Africa bungles hosting of African championships

Less than two weeks before the U18 Basketball African Championship in Johannesburg, South Africa has yet to announce the national team, the venues for the matches, or the plans to accommodate teams from 12 countries across the continent, leaving young players across the country in limbo.
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22 Aug 2024

Springboks welcome back World Cup-winning stalwarts for home Tests against All Blacks

Springbok coach Rassie Erasmus has named a 37-man squad for the upcoming Rugby Championship Tests against New Zealand in South Africa. The Boks will tackle their arch-rivals at Ellis Park on 31 August and Cape Town Stadium on 7 September. The world champions have been boosted b
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20 Aug 2024

amaBhungane | PetroSA's multibillion-rand offshore gas deal thwarted by unpaid soccer player

In December 2023, PetroSA selected Equator Holdings owned by controversial businessman Lawrence Mulaudzi to fund and refurbish its offshore gas infrastructure, a deal potentially worth R21.6 billion. It has since emerged that Equator Holdings (Pty) Ltd was also trad
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26 Jul 2024

'Domestic market isn't our priority' SAA plans big global push with new planes, destinations

South African Airways plans to increase its destinations from its hub in Johannesburg by two-thirds by the end of April as it rebuilds its business to focus on regional and international routes after a deal with an investor collapsed . The company is aiming to add nine destinations to i
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04 Jul 2024

Court quashes ban on ex-staff working within 300km of former employer

Five ex-employees of an Ermelo car dealership, who were blocked from working within 300 km of their hometown in a restraint of trade case, have won their legal battle on appeal. A court found that their former employer, Twenty Four Motors - trading as Ford Ermelo - overreached when it i
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04 Jul 2024

WATCH | Boks break into song and dance at Heathrow Airport despite flight cancellation

The Springboks were stuck at Heathrow Airport in London on Sunday night after their flight back to Johannesburg was cancelled. The world champions were scheduled to fly back to South Africa, but their flight was cancelled following several delays. VERDICT | Springbok Wor
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24 Jun 2024

Taiwanese giant Acer to start making monitors in SA later this year

Taiwanese multinational hardware group Acer is set to start to manufacturing computer monitors in South Africa, a move which the company says will create local jobs and drive down the cost of its products. Acer produces a range of technology products including laptops, projectors, and a
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19 Jun 2024

TymeBank seeks over R2.5bn as it targets New York listing

TymeBank, a South African digital bank backed by Chinas Tencent Holdings, is raising $150 million (R2.7 billion) to build scale as it prepares for an initial public offering, co-founder and CEO Coenraad Jonker said. 'We are currently valued at close to $1 billion and busy with our series D capital r
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13 Jun 2024

BHP abandons R900 billion bid after Anglo refuses more talks

BHP Group wont make a firm offer for Anglo American before Wednesdays deadline, walking away for now from what would have been the biggest mining deal in over a decade. With less than one hour before a 18:00 (SA time) cutoff, BHP confirmed it had not been able to reach an agreement to s
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29 May 2024

BHP's Anglo plan risks R80bn flowing out of SA and a weakened rand: JP Morgan

For more financial news, go to the News24 Business front page . A successful takeover of Anglo American under the arrangements BHP Group has offered could lead to outflows of $4.3 billion (R80 billion) from South Africa, according to a JPMorgan Chase
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27 May 2024

Springboks v All Blacks: Ticket prices for Cape Town Test range from R250 to R3 500

Tickets for the Springboks' highly anticipated Rugby Championship Test against the All Blacks in Cape Town later this year will range between R250 and R3 500. SA Rugby announced on Friday that tickets for the Test will go on sale to the public on 19 June, following a public registration
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24 May 2024

Gelant looks for consistency in Olympic year ahead of 10km Absa race in Cape Town

A whopping 12 000 athletes will paint the streets red on Sunday on Mother's Day when they put their best foot forward at the Absa Run Your City (RYC) Cape Town 10km. The race starts at 09:00 at Woodbridge Island in Milnerton and finishes on lower Long Street in the City Center. The RYC
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11 May 2024

Anglo bid: President of Botswana vows to protect its interests

Botswana President Mokgweetsi Masisi vowed to protect the countrys interests, including its 15% stake in diamond giant De Beers, should BHP Group acquire Anglo American. Anglo, which rejected a BHP proposal valuing the mining company at about $39 billion, owns the other 85% of De Beers. Un
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09 May 2024