EconomyFeaturedIran, 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
EnergyFeaturedKarpowership 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
AviationFeaturedSouth 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
EnergyFeaturedSouth 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
FeaturedFintechAfrican 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
BankingFeaturedStandard 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
FeaturedInsuranceTechnologySouth 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
FeaturedLogisticsDP 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
FeaturedPorts 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
FeaturedHealthcareSouth 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