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
Banking FeaturedStandard and Shinhan bank to test cross-border stablecoinsIFM CorrespondentDecember 1, 2021December 1, 2021 by IFM CorrespondentDecember 1, 2021December 1, 2021 Both the banks will use the decentralised public ledger Hedera Hashgraph, a blockchain technology... Read more
Featured Insurance TechnologySouth Africa insurtech startup Pineapple raises $5.4 mn to expand its marketsWebAdminJuly 29, 2021 by WebAdminJuly 29, 2021 In the last six months, the company has grown by 200%... Read more
Featured LogisticsDP World plans to acquire Imperial Logistics for $890 mnWebAdminJuly 9, 2021 by WebAdminJuly 9, 2021 This deal would land DP World greater visibility in South Africa and in the neighbouring markets... Read more
Featured Ports and ShippingSouth Africa might become the leading hub for zero-carbon shipping fuelsWebAdminJuly 1, 2021 by WebAdminJuly 1, 2021 A study by Ricardo and the Environmental Defence Fund revealed that South Africa has a massive potential to supply zero-carbon shipping fuels... Read more
Featured HealthcareSouth Africa’s Quro Medical raises $1.1 mn to scale its operationsWebAdminJune 24, 2021June 24, 2021 by WebAdminJune 24, 2021June 24, 2021 The funding round was led by VC firms Enza Capital and Mohau Equity Partners... Read more
Economy FeaturedSouth Africa’s economy grew 1.1% in Q1 21: ReportWebAdminJune 11, 2021 by WebAdminJune 11, 2021 The country’s the economy grew 4.6% on a quarter-on-quarter basis... Read more
Featured TechnologyAbsa launches procurement portal for SMMEs in South AfricaWebAdminJune 8, 2021June 8, 2021 by WebAdminJune 8, 2021June 8, 2021 The user-friendly procurement portal will let small, medium, and micro enterprises apply and verify as supplier... Read more