Africa has increasingly positioned itself as the next frontier for global business expansion. In recent years, investors worldwide have taken note of the continent’s economic dynamism, youthful markets, and abundant opportunities. Yet alongside this promise comes complexity, a diverse patchwork of 54 countries, each with unique conditions. As Eddie Ueckermann, International CEO of Tsebo Solutions Group, aptly observes, “Africa’s immense potential continues to attract global business attention, yet successfully navigating this diverse and complex market requires a nuanced, strategic approach.” Uekermann oversees several of Tsebo’s businesses across diverse sectors on the African continent, including ATS, Tsebo’s Remote Site and Camp
Read More
Monthly Archives April 2025
CGCSA WELCOMES DECISION TO WITHDRAW PLANNED VAT INCREASE WITH CAUTION
The Consumer Goods Council of South Africa (CGCSA) has welcomed with caution, the decision by National Treasury to withdraw the planned 0.5 percentage point increase in VAT which was due to be effective from 1 May 2025 saying it will go a long way to ease the financial burden on particularly poor households. CGCSA CEO Zinhle Tyikwe says while retailers had been working hard to exhaust best efforts to apply the VAT increase by ensuring systems compliance, shelf price labelling of each item and notification of consumers, to mention a few, the compliance readiness came at huge costs, which costs
Read More
BDO Expands African Footprint with the Addition of Ghana to Its Global Network
BDO continues to strengthen its presence across the African continent with the inclusion of Ghana as a new territory in its international network. Effective August 2024, SCG Chartered Accountants has officially joined BDO, now operating as BDO Ghana. “Our clients are global, and if we are to drive both business growth and meaningful impact in the societies we serve, we must be where they are,” says Bonga Mokoena, CEO of BDO South Africa. “We have a clear ambition to be the leading service provider to both African and international markets. This strategic expansion into Ghana brings us one step closer
Read More
BDO.
Sibaya Casino unveils Sun International’s biggest solar plant to date
4590 Solar panels set benchmark for hospitality industry in South Africa A solar plant as large as four rugby fields will provide 60% of Sibaya Casino & Entertainment Kingdom’s electricity requirements, setting a benchmark for South Africa’s hospitality industry. The 2.5MW plant, with 4590 solar panels was installed at a cost of R54-million and is hospitality group Sun International’s largest investment in green energy to date. It covers 90% of Sibaya’s external parking lot and will offer shade for visitors’ cars while producing around 3,699 GWh of clean energy, significantly reducing Sibaya’s reliance on traditional power sources. Ravin Sahadev, Sibaya’s
Read More