South Africa

Lorna Scott, a South African entrepreneur building a gin brand that is exciting the world’s tastebuds

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Published: Friday, 22 September 2017 10:33

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There is something special about passionate people who create products that celebrate the natural indigenous ingredients that come from one place, making them truly unique. Lorna Scott, the entreprenurial inspirational behind the fabulous Inverroche gin brand, is one such passionate creator and brand builder, inspired by the natural botanicals that grow in the world’s smallest yet richest floral kingdom.

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Sasol announces new R21bn empowerment deal, with Inzalo under water as it nears its end

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Published: Wednesday, 20 September 2017 10:16

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BY ALLAN SECCOMBE AND CHARLOTTE 

Sasol, the coal-to-liquid fuel maker, unveiled a fresh R21bn empowerment scheme for its South African assets, after the first scheme was under water as it approached the end of its vesting period. In an enormously complicated transaction, Sasol is terminating its Inzalo empowerment scheme and replacing it with the Khanyisa transaction, which will result in at least 25% black ownership of Sasol’s wholly owned subsidiary, Sasol South Africa, for 10 years from 2018. Sasol shareholders need to approve the transaction, which includes an employee share ownership scheme, public investment in the company’s shares, 54 selected customers, suppliers, franchisees and nongovernmental organisations as well as a foundation.

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EOH reports big jump in full year earnings and profit

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Published: Tuesday, 19 September 2017 10:19

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By Staff Writer

Listed IT service company EOH has published its final results for the year ended July 2017. The company reported that annual revenue increased by 21% to R15.5 billion (from R12.8 billion previously) while gross profit grew to R5.1 billion (2016: R4.1 billion). Operating profit before interest and share of equity-accounted profits rose to R1.8 billion (2016: R1.4 billion), while profit attributable to owners jumped to R1.2 billion (2016: R0.9 billion). Headline earnings per share were higher at 832 cents per share (2016: 719 cents per share).

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Sinenhlanhla Ndlela, a South African entrepreneur on a mission to make delicious ice cream that is also dairy free

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Published: Monday, 18 September 2017 10:49

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For all those people out there who love the idea of gorgeous artisan ice cream, but cannot eat dairy produce, help is at hand. YoCoco, an exciting new artisan dairy free ice cream is tantalising tastebuds in South Africa with fabulous flavour combinations and taste sensations.

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