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Category: Business

Dangote Names Ex-Shell Leader David Bird as CEO to Steer Ambitious Refinery Growth
By Karabo Ngoepe
Dangote Names Ex-Shell Leader David Bird as CEO to Steer Ambitious Refinery Growth

Dangote Petroleum Refinery has tapped former Shell executive David Bird as CEO to oversee an expansion drive. Starting July 2025, Bird brings his experience from Oman's Duqm Refinery, aiming to reshape Dangote’s position in the global energy market by improving operations and boosting refinery output.

3 Aug 2025 Business
Fuel Price Changes Announced by EPRA: Petrol Up, Diesel and Kerosene Down in June 2025
By Karabo Ngoepe
Fuel Price Changes Announced by EPRA: Petrol Up, Diesel and Kerosene Down in June 2025

EPRA has changed fuel prices for June 2025 instead of keeping them the same, with petrol costs rising while diesel and kerosene prices drop. These adjustments follow global oil trends and tax policies, impacting motorists and households across Kenya.

15 Jun 2025 Business
Dogecoin Skyrockets as Elon Musk Heads New Government Initiative for Efficiency Under Trump
By Karabo Ngoepe
Dogecoin Skyrockets as Elon Musk Heads New Government Initiative for Efficiency Under Trump

Dogecoin's value surged after Donald Trump announced Elon Musk as the head of a new government department aimed at boosting efficiency. This news drove Dogecoin up by 12%, highlighting Musk’s influence in the crypto world. Trump's move signals an attempt to reform government and attract young supporters, while also raising questions about the future role of cryptocurrencies in politics.

14 Nov 2024 Business
Elon Musk's 'Great Meeting' with Cyril Ramaphosa Sparks Investment Talks
By Karabo Ngoepe
Elon Musk's 'Great Meeting' with Cyril Ramaphosa Sparks Investment Talks

Elon Musk hailed a 'great meeting' with South African President Cyril Ramaphosa during the 78th United Nations General Assembly in New York. The meeting has ignited speculation about potential investments and partnerships between Musk's companies, SpaceX and Tesla, and South Africa. Ramaphosa aims to attract more investments to the country as Musk's firms expand their footprint in Africa.

25 Sep 2024 Business
South Africa's Inflation Drops to 4.4% in August Signaling Potential Interest Rate Cut
By Karabo Ngoepe
South Africa's Inflation Drops to 4.4% in August Signaling Potential Interest Rate Cut

South Africa's consumer inflation rate fell to 4.4% in August, its lowest in over three years, raising hopes for a potential interest rate cut. The drop is attributed to decreased prices in certain sectors, suggesting improved economic conditions. However, challenges and uncertainties remain, impacting future inflation trends.

19 Sep 2024 Business
NNPC Ltd Unveils New PMS Pump Prices from Dangote Refinery for September 2024
By Karabo Ngoepe
NNPC Ltd Unveils New PMS Pump Prices from Dangote Refinery for September 2024

NNPC Ltd has announced the estimated pump prices of Premium Motor Spirit (PMS) sourced from Dangote Refinery for September 2024. The prices vary across Nigeria, with Lagos seeing N950.22 per liter and the highest in Borno at N1,019.22. These prices were negotiated based on international gasoline rates and foreign exchange factors.

17 Sep 2024 Business
August Fuel Price Drops: Relief for Motorists Amid Global Market Shifts
By Karabo Ngoepe
August Fuel Price Drops: Relief for Motorists Amid Global Market Shifts

In a notable development for the month of August, the Department of Minerals and Petroleum Resources has revealed reductions in the prices of all grades of fuel. These changes, effective from Wednesday, bring relief to motorists and arise from a mixture of international and local market dynamics.

6 Aug 2024 Business
Capitec Bank Restores Services Following Global Banking System Outage
By Karabo Ngoepe
Capitec Bank Restores Services Following Global Banking System Outage

Capitec Bank Holdings Ltd., South Africa's largest bank by customer base, successfully restored its services after a global outage. The outage, which also affected JPMorgan Chase & Co. and BlackRock Inc., led to widespread disruptions. Capitec resolved the issue within hours, ensuring minimal inconvenience for its customers.

20 Jul 2024 Business
Anglo American's Bold Restructuring Plan in Response to BHP's £34 Billion Takeover Bid
By Karabo Ngoepe
Anglo American's Bold Restructuring Plan in Response to BHP's £34 Billion Takeover Bid

Anglo American has announced a bold restructuring plan aimed at countering a £34 billion takeover bid from BHP. The strategy involves focusing on key sectors like copper, iron ore, and crop nutrients while divesting from other business units. The market's reaction has been mixed, with shares initially dipping but showing growth over the past month.

15 May 2024 Business