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Africa’s largest lender by assets, Standard Bank, is hatching a plan to augment African operations to fight off fintech firms muscling in on their clientele.
Many buyers can now afford to buy in so-called affluent suburbs, with FNB property data showing an uptick in sales – including in the under-35 age group.
A question flagged up at the Thursday Noontime webinar this week on the state of rail in South Africa: “Is Prasa concerned that budget might be steered towards SAA?”
Capitec warned shareholders to brace for an earnings loss of at least 70% but this week it reported a 78% slump in headline profit to R650m.
PPC delayed the release of its full-year earnings for a third time as it continues to fix accounting errors and strives to finalise a refinancing plan.
Tourism in KZN is on a high after a bumper long weekend and news that Emirates Airline is returning to King Shaka International in Durban this week.
SAA will not be liquidated. The government announced that it would ‘reprioritise’ R10.5bn from the national budget to save the state carrier.
A personal email from a businessman, understood to be a Gupta associate, sent finance-related instructions to the board of Eskom and several state companies.
The ever-increasing popularity of digital currencies has led to many banking groups and governments to call for improved regulations and laws.
Annualised figures are an accepted method of reporting on the SA economy. But Prof Jannie Rossouw says looking at that figure alone is misleading.