Absa profit jumps 14% on cost cuts, revamp as new CEO takes over.
By Adelaide Changole. Absa Group posted a 14% increase in first-half profit as cost-cutting and an organisational restructure delivered dividends
By Adelaide Changole. Absa Group posted a 14% increase in first-half profit as cost-cutting and an organisational restructure delivered dividends
By Loni Prinsloo. MTN Group revamped its South Africa management to spur growth after the unit lost ground to the
By Adelaide Changole, Bloomberg. Kenya’s plan to raise the minimum capital requirement for banks tenfold by 2029 may benefit Africa’s
By Ntando Thukwana. South Africa’s economy probably expanded for a third successive quarter, buoyed by recoveries in the key manufacturing
By Arijit Ghosh and Adelaide Changole. Nedbank Group agreed to sell its stake in Ecobank Transnational to a company controlled
Partner Content. Vodacom Business has announced the launch of its Extraordinary Business Advisory Board, a strategic initiative that aims to
By Adelaide Changole. Standard Bank Group, Africa’s biggest lender by assets, reported first-half profit climbed to a record as fee
By Sfundo Parakozov. The South African rand extended its gains on Wednesday, boosted by a weaker dollar after the release
By Loni Prinsloo and Antony Suazzin. South Africa’s government is locked in crisis talks with the local unit of ArcelorMittal
By Astrid de la Rey. The South African used car industry is growing from strength to strength, with the latest
By Lehlohonolo Lehana. Growthpoint announced the appointment of a new CEO and CFO at the start of 2026 as part
By Mpho Hlakudi. Prescient Investment Management is doubling down on short-duration South African government bonds, highlighting their attractiveness for emerging