Top Stories

South Africa is getting a new dollar billionaire


BusinessTech


Zak Calisto, CEO of Karooooo, is set to become South Africa’s latest billionaire with direct holdings in the company nearing $1 billion. His beneficial ownership is valued over $1.1 billion. Karooooo, previously Cartrack, offers fleet management and telematics services globally. Calisto owns 65% of the shares and has beneficial voting rights. The company’s market capitalization is $1.47 billion.



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American giant buying South African-owned company for R14 billion


BusinessTech


Life Healthcare is selling Life Molecular Imaging (LMI) to Lantheus Radiopharmaceuticals UK Limited, a subsidiary of Lantheus Holdings Inc. The deal involves an upfront payment of USD350 million, with a potential additional payment of USD400 million linked to future sales milestones. LMI focuses on developing molecular imaging agents for PET-CT diagnostics and operates in the EU, UK, and USA.



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Dubious reasoning threatens to ground South Africa’s aviation industry


Daily Maverick


The Council accuses FlySafair of not meeting nationality provisions due to voting rights ownership. Council’s interpretation excludes trusts and companies, risking non-compliance for many South African airlines. FlySafair denies foreign control, citing resident South African voting rights. Council overlooks the 2014 Comair ruling on ownership scrutiny.



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Microsoft and Amazon on South African hiring spree


BusinessTech


Amazon and Microsoft are hiring for their South African operations, with Amazon offering 93 full-time positions and Microsoft listing seven. Roles include software development, operations, support engineering, product management, customer service, marketing, and construction. Both companies have been in the country for some time, with Microsoft opening offices in Johannesburg in 1993. Amazon’s South African marketplace launched in May 2024, while its AWS business has been operating there for years.



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Blow for billionaire Motsepe’s company in South Africa


BusinessTech


Billionaire Patrice Motsepe’s African Rainbow Capital may have to divest a fresh produce company due to a Competition Commission inquiry. The inquiry found ARC’s ownership in RSA Group and Subtropico raises competition concerns in the market. The investigation highlights the lack of incentive for competition between companies with common ownership, impacting market dynamics.



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The 106 countries South African passport holders can visit visa-free


The South African


The Henley & Partners Passport Index 2025 reveals South Africans can travel to 106 countries visa-free. Singapore tops the list with access to 195 destinations, followed by Japan with 193. South Africa ranks 48th out of 199 countries. Regional breakdown shows Africa – 34, Americas – 18, Asia – 17, Caribbean – 16, Europe – 3, Middle East – 8, Oceania – 10.



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Judge asked secretary for nude picture of ‘top part’, tribunal told


Daily Maverick


Andiso Mengo testified at a Judicial Conduct Tribunal that Judge President Mbenenge asked her to undress during a WhatsApp exchange in June 2021. The tribunal is investigating allegations of sexual harassment through suggestive messages and inappropriate comments. Mbenenge admitted to some messages but denies others and an alleged incident in his chambers. Emojis in their messages were also discussed during the hearing.



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