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Vodacom Group CEO Shameel Joosub aims to reach 260 million customers by 2030, as the company currently serves 211.3 million customers, including 87.7 million financial services clients. The annual results for the year ended March 2025 were positive, with group revenue at R152.2 billion, despite a negative impact from the strengthening rand.
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WeBuyCars plans to add capacity for 3,000 vehicles by late 2025, aiming for a monthly trading volume of 23,000 vehicles by 2028. The JSE-listed platform reported double-digit revenue growth in the six months ending March 2024, with an interim dividend of 30 cents per share. Vehicles bought increased by 12.9% to 92,339, and vehicles sold rose by 13%.
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Google criticizes South Africa’s Competition Commission for proposing a 5-10% tax on its advertising revenue, calling it irrational and unlawful. The commission’s inquiry into the media landscape highlights the impact of digital platforms like Google and Facebook on traditional news outlets, leading to significant losses, job cuts, and closures of news outlets.
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The National Prosecuting Authority plans to appeal the acquittal of Nigerian pastor Timothy Omotoso, who has left South Africa. If successful, they will seek his extradition from Nigeria using existing treaties. Omotoso was banned from South Africa for five years but is not considered a fugitive. The NPA will continue legal proceedings without his active participation.
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Famous Brands, owner of Wimpy and more, reports 12% increase in earnings, higher dividend payout. The major food franchisor operates 2,979 restaurants in 20 countries, with Leading and Signature Brands. South Africa’s economic challenges impact consumer spending, leading to increased competition and infrastructure issues.
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Naspers, through its Prosus subsidiary, to acquire Just Eat Takeaway.com, a major food delivery service and UEFA Champions League sponsor. JET operates in 17 countries and is UEFA’s official food delivery partner until 2027. Naspers, South Africa’s largest company, has interests in various businesses and has a cross-ownership structure with Prosus.
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Marnus van Heerden, former KPMG South Africa accountant, founded Pineapple in 2018, now a major insurance tech company in South Africa. The company’s technology allows it to offer insurance at 20% of traditional costs. Pineapple secured R400 million in funding in 2023, led by Futuregrowth Asset Management, Talent10, and Mineworkers Investment Company. Van Heerden co-founded Pineapple with others.
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South African Airways (SAA) to launch new routes in 2025-2026, including domestic services like Johannesburg-George and regional services like Johannesburg-Gaborone. Mumbai route delayed due to aircraft availability issues, now aiming for 2026 launch. Readers invited to suggest destinations for direct flights.
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Newzroom Afrika anchor Aldrin Sampear apologizes for road rage incident in April, leading to suspension. Video shows confrontation with driver on Jan Smuts Avenue in Randburg. Sampear returns to TV, expressing regret and taking responsibility for actions. Denies assault but admits to lack of composure. Apologizes to viewers, colleagues, and management.
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Controversial Nigerian televangelist Timothy Omotoso departs South Africa after a five-year ban for immigration violations. Despite legal victories, including acquittal on rape and human trafficking charges, Omotoso leaves for Nigeria following failed prosecution attempts. Home Affairs welcomes his departure as a win for immigration law enforcement.
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