Eskom Signs Deal To Deploy Gravity Energy Storage At Hendrina Power Station

Eskom has signed a landmark strategic development agreement with US-based Energy Vault Holdings, Inc. (NYSE: NRGV) to deploy a gravity energy storage system (GESS) at one of Mpumalanga’s oldest power stations — a move that could fundamentally reshape how South Africa stores and manages electricity. The deal marks one of the most significant energy storage … Read more

Shell Sells Jiffy Lube As Debt And Qatar Hit Output

Shell is moving to tighten its focus on the parts of the business that matter most, and the latest move underscores that strategy. The oil and gas giant has agreed to sell Jiffy Lube International, stepping away from a retail motor oil and vehicle services operation so it can double down on gas, LNG and … Read more

Shell Buys ARC Resources For $16.4bn

Shell acquires ARC Resources in a deal worth $16.4 billion, marking one of the energy sector’s bigger cross-border moves of the year and giving the London-based group a fresh burst of production capacity. For Shell, the transaction is more than just a headline-grabbing purchase; it is a clear signal that the company wants to keep … Read more

Woolworths Faces Questions Over Beyers Chocolates Split

Woolworths is under fresh scrutiny in the Beyers Chocolates saga, after the retailer moved from a brief statement to a more detailed explanation of why it cut ties with the South African confectionery company. The dispute has become a bigger story than a simple supplier fallout, because it cuts to the heart of product exclusivity, … Read more

Samsung Posts Record Profit On AI Chip Demand

Samsung Electronics has kicked off 2026 with a blockbuster set of numbers, and the latest Samsung first quarter results show just how hard the South Korean tech giant is leaning into AI-driven demand, premium devices and advanced semiconductor sales. For investors, suppliers and South Africans tracking the global electronics market, the message is clear: Samsung … Read more

Diesel Hits Record R30 After Levy Calculation Error

South Africans are heading into another punishing fuel adjustment, and the latest diesel price error has only added confusion to an already brutal round of increases. Even after government corrected a calculation mistake, the diesel price will still jump to a record level from midnight, with wholesale costs breaching R30 a litre for the first … Read more

Powerball Draw Creates 91 Millionaire Tickets

Powerball jackpots are once again making headlines after the latest draw produced a wave of millionaire winners, with 62 tickets landing $1 million each and a further 27 tickets banking $2 million apiece through the Power Play option. For lottery watchers, the Powerball numbers drawn on Wednesday, 29 April have become a talking point not … Read more