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Suren is a passionate young South African business journalist with a keen interest in property, tourism, retail, media and sports.

Construction starts on Richards Bay titanium dioxide plant’s R200m first phase

7 May 2021 /  Suren Naidoo   4
Cairo-based Afreximbank is backing the project with initial funding of $2m (around R28.5m) as is the Department of Trade and Industry.

FSCA apologises to Ovex, says company does not require a financial services licence

7 May 2021 /  Suren Naidoo   15
‘As its business activities fall outside the current jurisdiction’ of the financial regulator.

Equites increases FY distribution, but stock slides nearly 6%

5 May 2021 /  Suren Naidoo   2
Is this reaction linked to profit-taking or disappointment around the group’s SA property devaluations?

SA listed property rallies to top world table

4 May 2021 /  Suren Naidoo   16
Sector up more than 20% this year, after pandemic plunge of 35% in 2020.

Italtile CEO Jan Potgieter to retire and emigrate

3 May 2021 /  Suren Naidoo   8
Lance Foxcroft, current CEO of subsidiary Ceramic Industries, will take over as group CEO from January 1, 2022.

Pepkor opens 65 new Pep and Ackermans stores

30 Apr 2021 /  Suren Naidoo  
As group defends its position in the bustling discount and value clothing retail market.

Pandemic boosts rural and township malls

29 Apr 2021 /  Suren Naidoo  
JSE-listed Dipula Income Fund has benefitted from this Covid-19 trend. But will it last post-pandemic? The fund’s CEO Izak Petersen shares his views …

Emira surges to highest level in over a year following buy-out offer

29 Apr 2021 /  Suren Naidoo   2
CEO says mandatory offer triggered by the real estate fund’s major shareholders now owning over 35%, but there are no plans to delist.

Pepkor expects 20% surge in half-year earnings

28 Apr 2021 /  Suren Naidoo  
Strong cash generation sees group slash debt by R8bn since March last year, despite Covid-19.

No major improvement in Durban Port efficiencies, says organised business

23 Apr 2021 /  Suren Naidoo   6
Following highly hyped presidential visit of the country’s and Sub-Saharan Africa’s busiest port.

Delta confirms R1.8bn portfolio devaluation in restated 2020 results

23 Apr 2021 /  Suren Naidoo    2
Scandal-hit Reit says legacy corporate governance failings have effectively been addressed.

South Africa’s private wealth plunges

21 Apr 2021 /  Suren Naidoo   23
Africa Wealth Report 2021 estimates around 4 200 millionaires left SA over the past decade, but the depreciating rand and Covid-19 fall-out are also to blame.

City of Cape Town approves R4bn Amazon-anchored development

21 Apr 2021 /  Suren Naidoo   26
Online retail giant expected to set up African headquarters at River Club mixed-use precinct.

Imperial to net up to R1.45bn from South American shipping business sale

20 Apr 2021 /  Suren Naidoo   1
Exit forms part of its strategy to focus on its operations closer to home, serving as a ‘gateway to Africa’.

Kennedy Bungane appointed new African Bank CEO

15 Apr 2021 /  Suren Naidoo   4
The appointment has been approved by the Prudential Authority of the South African Reserve Bank

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