Old Mutual Insure on Monday announced a 100% acquisition of Genric Insurance Company, a licensed non-life and specialist insurer focused on bringing innovative and niche insurance solutions to market. According …
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MTN repays billions in foreign debt due 2024
MTN Group has settled US$300-million (R5.2-billion) in Eurobonds that were due in 2024 early, helping deleverage its balance sheet. The early repayment brings MTN’s dollar-denominated debt down to 35% of total …
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Egypt set to resume government IPO program
The Egyptian government is preparing to relaunch the initial public offerings (IPOs) program to offer state-owned companies on the Egyptian Exchange (EGX) said Minister of Finance Mohamed Maait. This announcement …
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Akufo-Addo approves inclusion of nuclear technology in Ghana’s energy mix
President Nana Addo Dankwa Akufo-Addo has approved the inclusion of nuclear technology into Ghana’s power generation mix. The move, according to him, is in consonance with the global collective commitment …
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Johannesburg Stock Exchange Clearinghouse becomes independent
The Johannesburg Stock Exchange’s (JSE’s) clearinghouse, JSE Clear, has been granted a licence approved by the Financial Sector Conduct Authority (FSCA), in agreement with the Prudential Authority (PA) and the …
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China lifts 5-month-long ban on wool imports from South Africa
China has lifted its 5-month-long ban on wool products importation from South Africa. The ban, which began in April, was occasioned by the outbreak of foot-and-mouth disease (FMD) in three …
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BMW previews all-new i7 in South Africa
BMW South Africa previewed its latest luxury class vehicles, including the all-new electric i7 xDrive60, on Wednesday, 31 August 2022. While the i7 xDrive60 boasts impressive performance stats for a …
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New rules for .ZA domain in SA could damage the brand in favour of competitors like .COM
The Internet Service Providers’ Association of South Africa (Ispa) has warned that proposed new domain regulations could severely damage the .ZA brand. The .ZA Domain Name Authority (Zadna) has suggested …
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South African court stops energy giant Shell from seismic survey along wild coast
A South African court has delivered a judgement putting an end to the use of seismic waves by energy giant Shell to explore for oil and gas off the Wild …
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Saudi firm to build $3.5B green ammonia facility in Egypt
A Saudi company, Alfanar has signed an agreement with a consortium of Egyptian companies to build a $3.5 billion green ammonia plant plant in Egypt. The Egyptian side of the …