10/27/2023
ICT sector comes out tops in latest Southern Africa venture capital industry survey
The local ICT sector held the largest allocation by number of active deals held in portfolios at the end of 2022 (40.6%)
Comment, Analysis & Research
10/27/2023
Absa Bank loses Sh107 million to fraudsters
Card-not-present remains the most prevalent form of fraud
10/27/2023
Inflation may hit 30% by December, says Stears
The firm stated that its forecasts are based on trusted econometric tools that consider a myriad of factors driving inflation, from general to country-specific dynamics.
10/27/2023
Warning signs for inflation in South Africa
This followed a rise in fuel prices in September amidst a weak rand and high global oil prices, with October’s print likely affected by the most recent fuel price increase.
10/26/2023
Stop financial redlining in South Africa
Economic prosperity in South Africa is closely tied to the banking system
10/26/2023
Good news for take-home pay in South Africa
Although fuel prices are expected to decline sharply in November, headline inflation is expected to stay between 5.0% and 5.7% for the next year.
10/25/2023
Money is flooding out of South Africa – but things are not as bad as they seem
This includes bonds of R312 billion and equities of R116 billion – equating to monthly outflows of R26 billion per month.
10/19/2023
13th Africa Bank 4.0 summit - West Africa concludes with resounding success
The event brought together leading experts, innovators, and influencers from the banking, fintech and payments secto
10/17/2023
This is how much money SARS sniffed out from South Africa’s richest taxpayers
The SARS HWI Unit, headed by Natasha Singh, carries a threshold of R75 million, and delves into the tax affairs of individuals or trusts who meet or surpass it.
10/17/2023
Rising inflation, interest rates risky for Nigeria’s economy – FTXM
This was revealed in the weekly outlook of the firm put together by Senior Market Analyst, Lukman Otunuga.
10/13/2023
A m/m drop in active mobile lines
The loss in the number of active subscriber lines can be attributed to the NCC’s directive to network operators
10/13/2023
Inflationary pressures still persist
August’s elevated reading was the eighth consecutive y/y increase in headline inflation.
10/12/2023
Nairobi property sixth most expensive in Africa
It shows that Cape Town in South Africa is the most expensive city in Africa for the super-rich who have to pay about $5,200 per square metre of prime property.
10/10/2023
Kenya's grocery retail sector is a beacon of innovation and growth
Kenya has a growing reputation as the East Africa’s marketplace
10/10/2023
South Africa's net foreign reserves fall to $54.980bln in Sept
The forward position, which represents the central bank's unsettled or swap transactions, fell to $0.511bn from $0.515bn
10/09/2023
Fiscal space still tight despite rise in FAAC disbursements
As illustrated by our chart, it is also the highest distribution (in local currency terms) to the constituent governments for as far back as we can track.
10/09/2023
A marked m/m decline in revenue in May ‘23
The revenue take also represented a shortfall of -53% relative to the monthly revenue benchmark of NGN1.8trn.
10/09/2023
The average wealth in South Africa vs the USA, Australia, UK and more
In most other countries, the development looked similar as the turnaround in interest rates was more or less conducted by all countries – albeit at different speeds.
10/09/2023
It’s not sinful for clerics to be wealthy – CAC president
Before one becomes a man of God, one is first and foremost a man.
10/06/2023
Cost of living crisis: middle-class South Africans need to find an extra R9,000 every month
“These interest rate hikes have significantly impacted the cost of repaying loans, and this has been felt by the average South African consumer,” Kruger added.