Barclays, a British multinational universal bank has sold its entire remaining 7.4% holding in South African lender Absa, completing its exit from the continent after more than 90 years. Barclays announced …
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Amazon opens new office in Johannesburg to support South Africa’s growing cloud market
Amazon Web Services (AWS) has opened a new office in Johannesburg, to support growing demand for AWS technology in the country. “The new office will support South Africa’s burgeoning cloud …
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Cashbuild exits Zambian market over tough trading condition
Cashbuild, the largest retailer of building materials and associated products operating in South Africa, Namibia, Lesotho, Botswana, Swaziland, Malawi, and Zambia is closing its two underperforming stores in Zambia, over …
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Rwanda encouraged to produce more, exports into China
Entrepreneurs in Rwanda have been encouraged to produce more as well as better package their products in a way that suits the huge Chinese market so as to earn more …
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CIMERWA Plc records more than Rwf8bn profit in 2022
CIMERWA Plc, Rwanda’s largest cement manufacturer after recording profit for three consecutive years is seeking authorization to pay dividends to its shareholders. According to Regis Rugemanshuro, the board chairman, the …
Grindrod Shipping could soon join the growing list of South African companies leaving the JSE, should an acquisition bid by Guernsey-based shipping company Taylor Maritime Investments (TMI) succeed. This week, …
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Apple inc.’s top privacy executive quits to work at a law firm.
Apple Inc.’s top privacy executive will be leaving the company soon to work at a law firm, according to people with knowledge of the matter, stepping down from a high-profile …
Microsoft and Google are advertising a combined 17 jobs in South Africa, including travelling data center technician and cloud solution architect positions. Together the software giants employ nearly 380,000 people …
Makro owner Massmart witnessed a billion-rand loss over the 26 weeks ended 26 June 2022 and despite this, its online platforms have performed well. The company believes it will be prepared …
Massmart, African retail and wholesale group which owns Makro, Game, and Builders, has announced that Jonathan Molapo will succeed Mitchell Slape as CEO from 1 January 2023. Slape former Massmart …