The National Lotteries Commission (NLC) board has approved a reparation process that will include apologies and financial compensation for former employees who were victimised or fired for exposing corruption. This…
Browsing: Business
Standard Bank, South Africa’s largest lender by assets, has reported a nearly 50% increase in credit impairment charges in the first five months of this year compared to the same…
Afrimat, a publicly traded open-pit mining company, has made a significant market move by acquiring Lafarge South Africa (LSA), a cement and construction materials company. Afrimat will purchase a 100%…
Ghana: Finance Minister Ofori-Atta yesterday provided an economic update, noting that authorities expect to complete debt restructuring before the next IMF review of the USD3bn facility, which is expected in September.…
South Africa has unfortunately been the second slowest-growing economy in Africa over the last decade, and it has been consistently underperforming the continent’s average economic growth rate. According to a…
The International Monetary Fund (IMF) is urging Zimbabwe to take additional currency reform steps as the country falls short of fully free-floating its local currency. The IMF emphasised in an…
Ford Performance announced its return to the prestigious Dakar Rally in 2024, expanding its motorsport presence. This announcement follows Ford’s recent partnership as an engine supplier to Red Bull’s Formula…
The Foschini Group (TFG) is seeing significant growth in online sales, with its e-commerce multi-brand platform, Bash, playing a significant role. Bash accounted for 34% of TFG’s total online sales…
Nigeria’s central bank made a significant move by allowing the naira currency to fall by up to 36% on the official market. This decision comes shortly after the suspension of…
Transnet, South Africa’s state-owned goods transport and logistics company, faced the difficult task of recovering from the state-capture era in 2018. In an effort to restore transparency, accountability, and efficiency…