Southern Africa

Futuregrowth Asset Management, a South African fixed-income money manager with R193 billion of assets, is raising a fund to invest in startups with a strong developmental impact. The company aims …

FNB customers have been left stranded and frustrated as the bank’s online systems were down for hours. Customers could not process any transactions on the bank’s app and online banking. …

On Thursday, Seplat Energy announced its appointment of a new chief operating officer and executive director in person of Samson Chibogwu Ezugworie with effect from July 1. Mr. Ezugworie has …

Life insurers and unit trust companies South Africa are holding some R33.5 billion for policyholders, investors and their beneficiaries who have failed to claim their benefits. This is in addition …

FNB has announced additional eBucks incentives to help its rewards customers to offset record-high fuel prices. For the next three months, it will give qualifying customers an additional R2 per …

Local automotive subsidiary Mercedes-Benz South Africa (MBSA) has launched a photovoltaic (PV) technology pilot project at its East London plant. It says 360-kilowatt peak (KWp) solar panels were installed on …

A South African startup LignOrganic has developed a way to turn plant waste like sawdust and macadamia nut shells into useful, eco-friendly products such as bioplastics, fuel and even coal. …

Exxaro Resources, one of Eskom’s largest coal suppliers, is expecting the export price of coal to increase by almost 80% in the first half of the year. But poor rail …

While this demand for physical shopping is out of lockstep with other parts of the world, major retailers including Pick n Pay, Mr. Price and Marko-owner Massmart plan to take advantage. …

While the grounding of airline company Comair, and subsequent closure has created a gap in domestic travel in South Africa, Airlink chief executive Rodger Foster argues that there was likely …