Kenyan bank’s technology delivers cost:income ratio of just 49%

Smart regulators, a wave of broadband and an enterprising population has put East Africa and particularly Kenya on top of the continent’s Internet pile. So it’s not surprising to see Kenyan banks leading the way in the practical application of technology to their operations – with some astonishing results. In this respect Equity Bank, Kenya’s … Read more

Ascendis looking to list in November 2013 after R400m fund raising offer

We had a fascinating interview on CNBC Africa Power Lunch with the CEO of prospective JSE newcomer Ascendis Health. Dr Karsten Wellner, a German who came to SA in 2000 when sent here by multinational Fresnius, played a central role in the Competition Commission’s investigation into collusion on the pricing of an estimated 17m intravenous … Read more

Woolworths’ management stability produces market share gains, bucks trend

I’ve known Woolworths CEO Ian Moir (53) for over a decade. We met in 2002 during a six week stay in Australia when setting up Mineweb.com’s Perth office. At the time, my company was also hoping to acquire a Moneyweb-lookalike in Sydney. My visit to the harbour city co-incided with a tour of SA-related retail … Read more

Duval

CAs make great Finance Ministers – ask Mauritius as it keeps overtaking SA

Duval

My memories of Mauritius are mostly fond. A clear, warm sea; friendly people; great horseracing – and my TV interview with Sol Kerzner on the beach in front of Le Touessrok. Where he lied, barefaced, about bribing Kaizer Matanzima. Another Mauritian memory will be made today. This time, I’m not expecting any trickery.

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