Banking, Finance & Investment

South Africa’s government and national airline are being sued by a little-known investment firm, which wants the sale of a majority stake in the carrier scrapped and re-run due to …

In the final tranche of volumes for the state capture report, released on Wednesday, commission chair and Chief Justice Raymond Zondo examined the decision of SA’s major banks to close …

The dollar crisis being experienced in the country could be attributed to Kenya’s high dependence on imports whose costs have risen drastically, Kenya Bankers Association Chairman John Gachora has said. …

Kenyan-based  cloud kitchen Kune foods has shut down operations barely a year after its launch with its founder and Chief Executive Officer Robin Reecht blaming the “economic downturn and investment …

SARS, The South African Revenue Service has finally won its bid to deny Capitec the R71.5 million VAT return it claimed back in 2017. The tax collector and the bank have …

The government is developing a national e-commerce Strategy (ECS) to boost Kenya’s economic opportunities that are supportive of the country’s strategic goals and Vision 2030. Industrialization, Trade, and Enterprise Development …

Kenyan businesses have been urged to explore capital raising options in the capital markets to reduce in reliance on credit to fund their growth and expansion. This was during the …

The World Bank has stated that Nigeria’s external reserves are expected to decline as the Central Bank of Nigeria (CBN) is expected to clear $1.7 billion worth of FX backlog …

Following an Equality Court ruling, Nedbank has said it will continue to offer banking services to businessman Iqbal Survé’s Sekunjalo Group Last week the court granted Survé, Sekunjalo and its subsidiaries …

Absa is expecting a leap of more than 20% in its headline earnings per share for the six months to end June, against the first half of 2021. This was …