Vodacom has reduced its 30-day data bundle by 14 per cent to R85 from R99 in line with recommendations of the Competition Commission’s Data Inquiry. According to Jorge Mendes, chief …
- Manufacturing & Consumer GoodsSouthern Africa
South Africa’s retail group loses R4 billion in sales owing to the ban on alcohol and tobacco
South African retail Group, Pick n Pay stated on Thursday that its turnover was significantly affected by the ban on the sale of alcohol and other products for the better …
- Real EstateSouthern Africa
South Africa to set up land court that permits ‘hearsay’ evidence on land claims
A draft copy of the new Land Court Bill has been published, detailing the government’s plans to establish a specialist Land Court as well as a Land Court of Appeal. …
- Hospitality, Travel & TourismNewsSouthern Africa
South African Airways BRPs present ‘final’ settlement agreement to pilots
Says parts of the offer – aspects that it wants to pay off over three years – will lapse once rescue process is completed. The South African Airways (SAA) business …
- Northern AfricaPress ReleasesTransportation & Logisitics
Renault Group Appoints Mohamed Bennani As New Director in Morocco
The Renault group has appointed Mohamed Bennani as the managing director in Morocco as part of restructuring the brand. On the group’s Facebook page the post reads, “We welcome Mohamed …
- Banking, Finance & InvestmentNewsNorthern Africa
Egypt records 4.8% annual inflation in March, rises to 0.6% in a month
Egypt’s annual consumer price inflation was at 4.8 per cent in March 2021, compared to 4.6 per cent in the corresponding month in 2020, this was according to the report …
- EntrepreneurshipNewsNorthern Africa
Algebra Ventures launches $90M fund to invest in startups in Egypt
Algebra Ventures has announced the launch of its second $ 90 million funds which will be committed to funding startups in Egypt and allocating a special stake to the Middle …
- AmazonBanking, Finance & InvestmentBusiness Policies
Should PayPal Be Worried About Your Country’s Central Bank?
Digital currency issued by nation states may cut out the middleman. But would that change the world for the better — or the worse? The world of money is about …
South Korea’s biggest company posted an operating income of 9.3 trillion won ($8.3 billion) for the three months ended March. Samsung Electronics Co.’s profit for the first quarter rose 44% …
AIICO Insurance Plc said its gross written premium rose by 23.6 per cent y-o-y to N62bn as of the end of December 2020 from N50.1bn in 2019, It disclosed this …