South Africa’s National Roads Agency expects to be able to access a R7 billion ($398 million) loan from the New Development Bank soon and plans to use the money to upgrade key transportation routes.
Standard Bank and Shoprite have expanded their UCount rewards partnership to now include more of the retailer’s brands, including Shoprite and Checkers LiquorShops and Petshop Science.
Read MoreAfter holding steady at 2,8% in April and May, consumer inflation edged higher to 3,0% in June. The month-on-month change in the consumer price index (CPI) was 0,3%.
Read MoreThe world's oldest multilateral climate fund, the Global Environment Facility (GEF), is planning a new wave of wildlife conservation bonds in a bid to help African countries save endangered species and ecosystems.
Read MoreFoord Asset Management sees strong potential in Standard Bank, Capitec and FirstRand, with these banking giants set to benefit from the trends currently shaping South Africa’s finance space.
Read MoreBanking is on the cusp of its biggest transformation yet — one that replaces rigid rules with dynamic intelligence.
Read MoreSouth Africa’s Land and Agricultural Development Bank has received R10 billion in capital injections over the past five financial years.
Read MoreA unit of FirstRand, South Africa’s biggest bank by market capitalisation, plans to set up private banking services in Ghana and bolster its offerings in four other markets to tap the continent’s growing wealthy population.
Read MoreOver his 15-year tenure as Nedbank Group CEO, banking executive Mike Brown earned just shy of R515 million—averaging out to around R94,000 a day.
Read MoreDiscovery Bank has warned about the rise in fraud cases in South Africa, with criminals increasingly targeting smartphones to gain access to their banking apps and digital wallets.
Read MoreAlthough he was not a top achiever in high school, Gerrie Fourie became the CEO of Capitec Bank, one of South Africa’s most successful banks with a market capitalisation of over R400 billion.
Read MoreAll Weather Capital chief investment officer Shane Watkins believes Nedbank and Absa offer good value to investors, with both banks now under new leadership.
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