Featured Oil & GasAfter a two-year hiatus, US oil shipment heads to South AfricaIFM CorrespondentJune 1, 2023 by IFM CorrespondentJune 1, 2023 Kpler data show that Saudi Arabia, West and Central Africa, and South Africa are the primary sources of South Africa's oil... Read more
Featured FintechPayShap: South Africa’s first rapid payments programmeIFM CorrespondentMay 29, 2023May 29, 2023 by IFM CorrespondentMay 29, 2023May 29, 2023 In the initial phase, PayShap users can access the real-time payment feature to pay recipients instantly, using either their bank details or a proxy via a unique identifier called ShapID... Read more
Economy FeaturedEmployment Tax Incentive: South Africa’s latest weapon to solve unemployment crisisIFM CorrespondentMarch 2, 2023 by IFM CorrespondentMarch 2, 2023 The employer may claim the total Employment Tax Incentive calculated for all qualified employees, which will lower the PAYE tax due... Read more
Industry MagazineSouth Africa’s crippling electricity problemWebAdminJanuary 15, 2023January 16, 2023 by WebAdminJanuary 15, 2023January 16, 2023 In 2021 Ramaphosa offered an action plan to develop additional power generation capacity in the short to medium term... Read more
Aviation FeaturedExperts not happy with pan-African airlines plan?WebAdminNovember 22, 2022 by WebAdminNovember 22, 2022 Kenya Airways and South African Airways signed a strategic partnership framework to discuss forming a pan-African airline by 2023... Read more
Economy FeaturedIran, Argentina submit applications to join BRICSIFM CorrespondentJune 30, 2022June 30, 2022 by IFM CorrespondentJune 30, 2022June 30, 2022 It was Russian President Vladimir Putin’s first meeting with the leaders of major economies since the beginning of the invasion of Ukraine.... Read more
Energy FeaturedKarpowership all set to expand globally as South Africa plans stallIFM CorrespondentApril 26, 2022April 26, 2022 by IFM CorrespondentApril 26, 2022April 26, 2022 Karpowership is all set to expand its generation capacity by 50%.... Read more
Aviation FeaturedSouth Africa allows Delta Airlines to fly to Cape TownIFM CorrespondentApril 21, 2022 by IFM CorrespondentApril 21, 2022 The airline will fly between Atlanta and Cape Town — via Johannesburg.... Read more
Energy FeaturedSouth Africa’s plan to add power generation capacity hits roadblocksIFM CorrespondentApril 5, 2022April 5, 2022 by IFM CorrespondentApril 5, 2022April 5, 2022 The country had gone for 1130 hours of planned power outages in 2021, which translates to 47 days of powercuts.... Read more
Featured FintechAfrican startup Adumo acquires fintech SwitchPayIFM CorrespondentDecember 2, 2021 by IFM CorrespondentDecember 2, 2021 Adumo’s investment in SwitchPay will go towards expanding its business offerings... Read more