A South African court has ruled that former finance minister Pravin Gordhan’s application seeking declaratory relief from having to intervene with the banks has been dismissed. Judge Aubrey Ledwaba read out the order at the North Gauteng High Court. The application was dismissed, with costs to be carried by the […]
Home Finance Company( HFC) Bank Ghana has announced the early retirement of the Managing Director, Mr. Robert Le Hunte which takes effect from August 21, 2017. Mr. Le Hunte is due to take up a Ministerial appointment in Trinidad and Tobago. Mr. Robert Le Hunte, MBA, MSc (Acct.), C.A., BA […]
Stanford Graduate School of Business has announced a USD3 million, three-year partnership with De Beers Groupto empower young, budding entrepreneurs and owners of established businesses in Botswana, Namibia, and South Africa through two new educational programs launching in 2018. Stanford is expanding two of its successful programs to Southern Africa: […]
South Africa’s ABSA Bank has just raised a five year $100 million Special Facility Agreement with the China Development Bank (CDB). This is the first major transaction between the two lenders and is geared towards providing funding to Small and Medium Enterprises (SME). ABSA said in the statement that the […]
Elliot International said it has taken up 5.04% in BHP Billiton. Elliot International made known the stake in a latest regulatory filing. About BHP BHP Billiton is among the world’s top producers of major commodities including iron ore, metallurgical coal, copper and uranium. We also have substantial interests in oil, […]
Direct Pay Online Group (DPO) has announced the acquisition of Virtual Card Services (VCS) South Africa. This marks the completion of DPO’s purchase of VCS Group, post the earlier acquisition of VCS Namibia and VCS Botswana. Furthermore this acquisition further bolsters DPO’s leading position in Southern Africa post its previous acquisitions […]
Walmart Inc said its net sales at Walmart International were $28.3 billion, a decrease of 1.0%. Excluding currency3, net sales were $29.3 billion, an increase of 2.5%. Nine of eleven markets posted positive comp sales. eCommerce growth at Walmart U.S. came out stronger, led by organic growth through Walmart.com. Net […]
God-is Rivera has been promoted to director of inclusion and cultural resonance, a newly created position at VML. Rivera has been a vital part of the evolution of VML’s Inclusion & Diversity committee. Being a black woman in the advertising industry has prompted Rivera to pursue her passion of highlighting […]
Africa’s billionaire businessman Aliko Dangote has stated that the group is not interested in investing in the telecommunications industry, rather it is looking at other opportunities. Dangote said the group plans to invest about USD20 billion to USD50 billion in the U.S. and Europe by 2025, in the renewable energy […]
For the first six months, Standard Bank Group said that its interest income for the first half of the year outside of South Africa (its country of origin) crashed by 46%. Interest income for the rest of Africa fell to ZAR96 million compared to ZAR177 million posted in the year […]