Ray Ban and Oakley owner in merger deal worth $48bn.
The owner of Oakley and Ray-Ban sunglasses, Luxottica, has agreed to a €46bn ($48bn) merger with France's Essilor. The deal is believed to be one of the biggest ever deals done across European borders.
Dubai records $70.5bn real estate deals during 2016.
The Dubai Land Department (DLD) annual report for 2016 revealed that total real estate transactions in Dubai exceeded AED259 billion ($70.5 billion). This was followed by a comment from the head of DLD, Sultan Butti Bin Merjen, which suggested the market in Dubai "has reached a new phase of maturity and stability", adding that it is "moving towards sustainable growth" in the run-up to Expo 2020.
SA golf startup, Tagmarshal, unlocked $120,000 revenue for its clients.
A Cape Town-based startup, Tagmarshal, has a rather interesting business model that aims to solve the problem of slow golfers. While this might seem like a trivial problem, the firm claims to have unlocked $120 000 in revenue for it’s clients by improving the average play time of golfers. The system developed by Tagmarshal uses tags to track golfers throughout the course