Africa’s biggest wireless carrier MTN increases Fintech volumes.
By Loni Prinsloo and Jennifer Zabasajja. MTN said it increased fintech transaction volumes by a third last year, even as Africa’s
Business
Mobile operator Telkom sells towers business for nearly R7bn.
By Lehlohonolo Lehana. Telkom has reached an agreement with a consortium made up of Actis and Royal Bafokeng Holdings to sell
Discovery Health in talks with US insurers to expand.
By Adelaide Changole. Discovery South Africa’s biggest health insurance provider, is in talks with US peers to bring its flagship
Steinhoff’s Markus Jooste slapped with R475 million fine.
By Lehlohonolo Lehana. @UnathiKamlana. The Financial Sector Conduct Authority (FSCA) has issued a penalty of R475 million on former Steinhoff
SA consumer inflation rises in February, driven by food and transport, among other costs.
By Ntando Thukwana. South Africa’s inflation rate climbed to a four-month high, likely cementing the central bank’s resolve to keep borrowing
Discovery eyes future growth with positive half-year results.
By Bianke Neethling. Financial Service Group Discovery released strong results for the first half of its 2024 financial year, with
Sale of Mango airlines to proceed following SCA ruling.
By Lehlohonolo Lehana. The Supreme Court of Appeal (SCA) on Friday rejected Public Enterprises Minister Pravin Gordhan’s last-ditch attempt to
Ramaphosa reappoints central bank governor Lesetja Kganyago.
By Lehlohonolo Lehana. President Cyril Ramaphosa has reappointed South African Reserve Bank (SARB) Governor Lesetja Kganyago for another term of five
Standard Bank grows earnings 27%,shows signs of economic strain on its customer base.
By Lehlohonolo Lehana. Banking group,Standard Bank said on Thursday, its annual profit jumped by 27% and it declared a final dividend
South African manufacturing output rises 2.6% y/y in January.
By Lehlohonolo Lehana. South Africa’s manufacturing output rose 2.6% year-on-year in January, after rising by a revised 1.3% in December,
Old Mutual tenders apology as it faces reputational damage after X storm.
By Lehlohonolo Lehana. Old Mutual SA has tendered an apology to the South African public, in the midst of a social
Motsepe’s African Rainbow Minerals earnings plummet, slashes dividend.
By Bianke Neethling. African Rainbow Minerals – Two Rivers Platinum Mine. Image: Supplied. African Rainbow Minerals’ (ARM) headline earnings decreased