Exchanging gift cards for cash is the new norm that you need to hop on. It’s a great way to earn some cool cash, especially in Nigeria and Ghana. The …
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AfricaAFRICA NEWSEconomyNewsSouthern AfricaSponsoredTransportation & Logisitics
South Africa imposes higher anti-dumping duties on tyres from China
The South African government has announced new anti-dumping duties of 38.8% on imported tyres from China. Currently, the duties on eight sizes of tyres, for cars as well as large …
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BusinessSouth AfricaSponsoredUncategorized
Unions reject Eskom wage deal and plan more protests: report
The National Union of Metalworkers of South Africa (Numsa) and the National Union of Mineworkers (NUM) have rejected Eskom’s latest proposal of a 7% wage increase, and now plan to …
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Thousands of South African dairy food workers continue a months-long strike amidst media blackout. The strike by 5,000 dairy workers at Clover Foods in South Africa, which began in November …
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Importers of Liquefied Petroleum Gas, popularly called cooking gas, have stopped importing the commodity. Investigations also show that the cost of the product increased by 240 per cent for 12.5kg, …
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PayPal is close to taking over the visual discovery engine Pinterest. According to Bloomberg, the deal, which offers the fintech giant a way to venture into social commerce, could be …
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Manufacturing & Consumer GoodsSouthern AfricaSponsored
Persianas to take over Shoprite’s Nigerian business
Persianas, a Nigerian property group, to buy Shoprite’s Nigeria business at the end of its bidding process. According to Reuters the Nigerian property group Persianas will begin operation once the …
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Tangerine Life Insurance Policy Limited, (formerly called Metropolitan Life insurance policy Nigeria Limited), has, after a thorough and detailed process, concluded its merging with ARM Life PLC. Tangerine is owned …
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Banks and Regulators in South Africa are testing a new digital currency system
The Intergovernmental Fintech Working Group (IFWG) has announced the launch of Khokha 2’ project aimed at exploring the use of tokenized money, blockchains and digital currency in South Africa. This …
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Banking, Finance & InvestmentBusinessNewsSponsored
Central Bank of Nigeria prohibits banks from servicing crypto exchanges
The Central Bank of Nigeria has banned commercial banks and all licensed financial institutions from providing account services to crypto exchanges. This announcement was contained in a circular released by …