Showcasing India – South Africa Business Co-operation
ArcelorMittal SA, the embattled South African subsidiary in the global portfolio of steel magnate Lakshmi Mittal, has been seeking its fourth chief executive after its current CEO Wim de Klerk announced his retirement. Despite having an 80 per cent market
A new high-capacity submarine telecommunications system is headed to South Africa’s shores. Alcatel Submarine Networks and IOX Cable on Thursday announced they have signed a contract and will now begin work for a system connecting Mauritius, Rodrigues, Reunion, India and
Hyundai Motor India (HMIL) on Tuesday said it has received a record initial export order of 10,501 units for the Next Gen Verna from the West Asian market. The Next Gen Verna will also be exported to South Africa, other
Choppies Enterprises, the Botswana-based budget retailer led by Indian-origin millionaire Ramachandran Ottapathu, is aiming to open 40 more stores in Africa in the next few months. The expansion plans are estimated to cost about 300 million pula ($29 million), Reuters
Mahindra launched the new Mahindra Scorpio Pik Up in South Africa last week. At the launch, the company announced that it will start assembling the pickup truck locally in 2018. M&M manufactures the Mahindra Scorpio Pik Up in India. Starting
Mining mogul Anil Agarwal has said he will not seek a board position on blue-chip British miner Anglo American Plc even after becoming its largest shareholder, and instead will support the management. With over 21 per cent stake in the
The USD 1.7 billion initial public offering of state-owned General Insurance Corporation of India has opened for subscription on Wednesday, with a price band of Rs 855-912 per share. The largest ever public issue by an insurance company will close
A new grassroots innovation initiative has been proposed by Union Minister Harsh Vardhan to further entrench science and technology cooperation between India and South Africa. The initiative ‘Mandela-Gandhi Grassroots Innovation Programme’ was proposed in Durban at the 20th-anniversary celebrations of
Neuberg Diagnostics on Saturday launched its first global pathology laboratory consortium here, bringing together five leading laboratories from Sri Lanka, South Africa and the UAE, under one roof. The new generation consortium will combine the expertise of top laboratories like
AU Small Finance Bank has tied up with Aditya Birla Health Insurance to to distribute the latter’s health insurance products. The bank will act as a corporate agent, it said. “This tie up shall be mutually beneficial for ABHICL &