New payment data from National Treasury has revealed a worsening backlog of unpaid invoices across government departments, raising fresh concerns about the financial strain placed on small and medium-sized enterprises …
Southern Africa
- AfricaAFRICA NEWSSouth AfricaSouth Africa EconomySouthern Africa
- AfricaAFRICA NEWSSouth AfricaSouth Africa EconomySouthern Africa
Lower impairments, trading boost lift Africa’s largest bank earnings to $2.97bn
Standard Bank Group reported an 11 percent increase in annual headline earnings, supported by growth in trading activities, higher fee income and lower credit impairment charges across its core banking …
- AfricaAFRICA NEWSSouth AfricaSouth Africa EconomySouthern Africa
South African mining firm expands into Australia with $218m gold deal
Pan African Resources has agreed to acquire Emmerson Plc in a transaction that will see the South Africa-focused gold miner expand its footprint in Australia while consolidating its interests in …
- AfricaAFRICA NEWSSouth AfricaSouth Africa EconomySouthern Africa
Cheap imports leave major retailer in South Africa cracked
One of South Africa’s largest tile and bathroomware groups, Italtile Limited, has reported a sharp decline in interim profits, blaming a surge of cheap imports for weakening demand and squeezing …
- AfricaAFRICA NEWSSouth AfricaSouth Africa EconomySouthern Africa
US-Israel attack on Iran: South Africa warned of potential business disruption
South Africa has been urged not to downplay the potential economic fallout from the escalating military confrontation between the United States, Israel and Iran, as fears mount over energy security …
- AfricaAFRICA NEWSSouth AfricaSouth Africa EconomySouthern Africa
Africa forges a trade future beyond AGOA
African governments are bracing for the end of the African Growth and Opportunity Act (AGOA), a preferential trade pact with the United states which was extended in early February for …
- AfricaAFRICA NEWSSouth AfricaSouth Africa EconomySouthern Africa
Saracen Marketing Group appoints Clifford Kinyua as CEO
Clifford Kinyua is the Group Chief Executive Officer of Saracen Media Group, a pan–East African marketing and brand growth organization serving leading regional and international brands. He is a transformation-focused …
- AfricaAFRICA NEWSSouth AfricaSouth Africa EconomySouthern Africa
South Africa’s Bidvest restarts bank sale after Access deal collapse
Bidvest, a B2B services, trading, and distribution group, has relaunched the process to dispose of Bidvest Bank after its proposed sale to Nigerian lender Access Bank fell through following the …
- AfricaAFRICA NEWSSouth AfricaSouth Africa EconomySouthern Africa
Minimum Wage Increase Triggers Fresh Unemployment Concerns in South Africa
Fresh concerns have emerged over possible job losses in South Africa following the Federal Government’s approval of a new national minimum wage benchmark, a development that has reignited debate among …
- AfricaAFRICA NEWSSouth AfricaSouth Africa EconomySouthern Africa
South African banking giants eye StanChart Botswana in fresh M&A push
Standard Chartered has initiated plans to sell its Botswana subsidiary, a move that has already drawn early interest from major regional lenders seeking to strengthen their footprint across Southern Africa. …