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Wednesday, May 21, 2025

Latest News & Developments

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Life Healthcare's R13. 9bn deal: special dividend on the horizon

The agreement is to sell 100% of LHC’s interest in LMI for an upfront payment of $350 million (about R6. 48 billion) and earnout terms totaling a potential further $400m, linked to future sales milestones.

Business Report Economy
Edward West|Published

US retailer Macy's to close 150 stores

American retailer Macy’s announced this week its plans to close down 150 stores to focus on upscale brands in its portfolio.

Business
Michael Andisile Mayalo|Published

Amazon slumps, comes close to losing spot in trillion-dollar company club as tech selloff worsens

Amazon. com Inc's shares tumbled about 13% in premarket trading, with the online retailer coming close to losing its spot in the trillion-dollar company club.

Business Report Markets
Reuters|Published

SA gas start-up plans to list on New York stock exchange

Local gas start-up Bluedrop Energy has announced plans to list its shares on the JSE and New York Stock Exchange.

Tech
Farah Khalfe|Published