South Africa’s four largest banks — Absa, Nedbank, Standard Bank, and FirstRand (FNB) — are facing a massive R60 billion class action lawsuit from former homeowners. The plaintiffs claim their …
Economy
- Banking, Finance & InvestmentEconomyFinance & ServicesNewsSouth Africa
- EconomyLabourManufacturingSouth AfricaTrade and Commerce
Potential Deadlock in South Africa’s Auto Sector Wage Talks
South Africa’s automotive sector, a vital part of the country’s manufacturing landscape, faces a possible shutdown as wage negotiations reach a critical point. The National Union of Metalworkers of South …
- BusinessEconomyGOVERNMENTMarketsSouth Africa
Dis-Chem’s Saltzman Brothers Inherit R6.8 Billion Shares
Brothers Dan and Mark Saltzman, sons of Dis-Chem founders Ivan and Lynette Saltzman, have recently inherited shares worth about R6.8 billion in the company. This development was made public through …
- AfricaBusinessBusiness and EconomyEconomyFinance & ServicesGOVERNMENTNigeria
FITC Urges Nigerian, African Firms to Embrace ESG for Growth and Resilience
The Financial Institutions Training Centre (FITC) has called on Nigerian and African businesses to fully embrace Environmental, Social and Governance (ESG) principles as part of their corporate strategy to improve …
The Nigerian Exchange Limited (NGX) opened the week on a bullish note as market capitalisation rose by ₦279 billion on Monday, June 24, 2025, driven by renewed buying interest in …
- EconomyEnergyMarketsPoliticsSouth Africa
Global Shock as US Bombs Iran Nuclear Sites — Oil Prices, Inflation and Markets on Edge
The United States’ surprise decision to bomb nuclear enrichment facilities in Iran over the weekend has dramatically escalated tensions in the Middle East, triggering global market turmoil and raising alarm …
- EconomyEnvironmentGOVERNMENTTOGOTransportation & LogisiticsWestern Africa
Togo Launches Electric Motorcycle Project to Cut Pollution
The Togolese government has taken a major step toward promoting clean energy by launching a new pilot project aimed at encouraging the use of electric motorcycles in public administration. The …
Despite a decline in overall employment figures, South Africa’s average earnings have outpaced inflation—giving workers real wage gains. However, salary experts are advising employees to manage their expectations going into …
- BusinessEconomyGOVERNMENTTelecommunicationsTOGOWestern Africa
Togo’s Tax Revenue Hits CFA258 Billion in Q1 2025, Boosted by Telecoms Levy and Corporate Tax Growth
The Togolese Revenue Office (OTR) has announced that it collected a total of 258.06 billion CFA francs in tax revenue during the first quarter of 2025. This figure represents a …
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Paul Russo Elected as New Chairman of Kenya Bankers Association
KCB Group’s Chief Executive Officer, Mr Paul Russo, has been elected as the new Chairman of the Kenya Bankers Association (KBA), the umbrella body that represents all commercial banks in …