03/27/2023
In essence it means increased bureaucratic hurdles, firms will need to review customers connected to South Africa and apply full customer due diligence where they may have previously used a concession.
03/24/2023
TURF will invest sustainable public infrastructure projects in sub-Saharan Africa
03/24/2023
African Export-Import Bank’s oil, gas portfolio exceeds $15bln, says official
03/24/2023
While company chief executives are the top earners, they are by no means the only ones pulling in multiple million-rand salaries.
03/23/2023
The awards recognise those funds and asset managers that have served investors well over the long-term.
03/23/2023
Growth capital can be a great way to finance business expansion and development without taking on bank loans
03/23/2023
This led to his stake in the country’s third largest bank rising to 0.94 percent –with a current market value of Sh683.8 million— from 0.69 percent over the same period.
03/22/2023
Last year, the stock market was hit by sustained foreign investor selling as capital flowed from smaller markets to the safety of the US due to global economic uncertainties partly caused by the Russia-Ukraine war.
03/22/2023
The electricity minister is on a weeklong tour to assess national power stations
03/22/2023
The new system allows consumers using popular commercial banks to send up to R3,000 with just a phone number instead of a bank account number.
03/21/2023
By comparison, the mid-value residential property is only sitting at 3.4%, still the second highest segment.
03/21/2023
Tanzania, Uganda and Burundi units added 10, six and three workers respectively, further deepening KCB Group’s position as the biggest employer among Kenyan lenders.
03/20/2023
Cybercrime is going to be the biggest challenge in the financial sector for many years to come
03/20/2023
Sanlam will own a 60 percent stake in the joint venture while Allianz will hold a 40 percent interest with an option to buy an additional nine percent ownership in the future.
03/20/2023
The SARB will meet again at the end of March, with most economists anticipating another 25bp hike, signalling the peak of the cycle.
03/17/2023
Investors in the NewGold ETF are holding onto the asset, reflected by muted trading at the NSE amid increased turnover in the equities segment.
03/16/2023
“We dealt with the risk, because as we see it, while there’s a potential for a better outcome, there’s also potential for a worse outcome,” Absa Chief Financial Officer Jason Quinn said in an interview.
03/15/2023
The combined market capitalisation of the MSCI World Financials Index and MSCI EM Financials Index has dropped about $465bn in three days, Bloomberg reported.
03/10/2023
The money raised will be used to procure capacity and expertise to help support the implementation of the country’s Energy Action Plan over a one- to two-year period.
03/09/2023
After holding out for most of last year against breaching the 14 percent level on bond issuances, the CBK has in this year’s sales shown a willingness to take up more expensive bids, reflecting the pressure on the government to raise revenue.