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BusinessTech

Pick n Pay anticipates financial improvement despite ongoing losses in its core grocery business. The group reported a R3.2 billion loss in 2024 due to impairments. To address insolvency, they plan to raise funds through a rights offer and Boxer’s IPO. CEO Sean Summers cautioned of further challenges, but recent trading statements show potential with expected increases in earnings per share and headline earnings.
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Business Insider Africa

Tanzania completes $260 million John Magufuli Bridge, longest in East Africa. Spanning 3.2km across Lake Victoria, it opens to traffic on June 19, 2025. President Samia Suluhu Hassan to lead inauguration. Minister hails it as a flagship achievement for national development, easing travel and unlocking economic potential in the region.
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TechCentral

Iqbal Survé’s Sekunjalo Investment Holdings plans to buy out minority shareholders in troubled Ayo Technology Solutions and delist it from the JSE. Ayo, known for governance issues and a controversial PIC investment, faces delisting after failing to comply with listing requirements. Sekunjalo offers shareholders 52c/share, a fraction of the initial share value.
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BBC News

Former British soldier turned people smuggler reveals how he transported Vietnamese migrants by yacht into private marinas in south-east England. Despite his conviction in 2019, smugglers continue to exploit similar routes, posing a significant risk according to Border Force. Ex-soldier, known as Nick, also smuggled Albanians on ferries, highlighting the ease and low risk of the operations.
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Business Insider Africa

Lagardère Travel Retail partners with Tourvest to expand in Africa, entering its seventh country. The Paris-based company aims to capitalize on Africa’s growing airport travel market, with existing presence in six countries. The collaboration with Tourvest focuses on retail, hospitality, and tourism development in South Africa. CEO Rasmussen sees this as a strategic move to grow in the region.
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BBC

Tapi Tapi in Cape Town offers unique ice cream flavors inspired by African folk traditions and cultures. The ice creams are handmade in small batches with communal ingredients. Flavors include amagwinya, kelewele, nhopi, thiakry, mbwire mbwire, and mowa, with a new menu each month. The cafe aims to uplift African self-esteem through food practices.
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BusinessTech

Ivorian court bans Thiam from presidential election due to nationality dispute. Thiam lost Ivorian citizenship when he became French in 1987. Despite renouncing French nationality, court rules he must be removed from electoral roll. Thiam plans to appeal, but analysts say decision could end his presidential aspirations.
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Daily Maverick

US President Trump surprised President Ramaphosa with a multimedia presentation in the Oval Office discussing Julius Malema, the MK party, and farm murders. Daily Maverick’s Victoria O’Regan questions the accuracy of the presentation.
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Daily Maverick

Communications Minister Solly Malatsi clarifies new policy direction, emphasizing nuanced approach beyond initial reports. Proposed policy aims to balance investment gains with equity requirements, not abandoning transformation but reinterpreting it for SA’s digital future. New filing instructs Icasa to align licensing regulations with Equity Equivalent Investment Programmes.
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Daily Maverick

In a jovial Cabinet Room setting, Elon Musk and others shared laughter and jokes. Meanwhile, a meeting between presidents Cyril Ramaphosa and Donald Trump in the Oval Office turned grotesque, with Trump pushing false narratives of white genocide in South Africa. Ramaphosa and his delegation tried to counter with personal experiences, but Trump persisted with misleading claims and imagery.
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