Postbank loses more than $3.2mn due to bank heist
The bank is now forced to replace more than 12 mn cards for its customers...
Tag : South Africa
Kenya attracts venture capital deals worth Sh74.3 billion
South Africa ranks first recording deals worth Sh795 million...
Sasol seeks to end oil operations in West Africa
The reasons are attributed to weak oil prices and low demand on the back of Covid-19...
South Africa seeks to establish a single national oil company
The cabinet has approved to merge PetroSA, iGas and the Strategic Fuel Fund for the new establishment...
South African fintech Planet42 secures $2.4 mn funding
The startup will use the funds to expand its portfolio of vehicles...
South African banks under strain; sharpest decline in earnings
The banks are also forced to cut interest rates because of the pandemic...
South African insurtech Inclusivity Solutions secures $1.3 mn funding
The funding will be used by the startup to expand in its new markets as well as new ones...
Total cancels plans to acquire Occidental’s Ghana assets
Struggling market condition in part has led to cancellation of the deal...
South African insurer Sugar to insure homes in rural settlements
Sugar will target homes in townships, rural villages and informal settlements...
Trade between China and Africa drops by 14% during Q1 2020
Chinese exports to African nations decreased by 10.5% due to the coronavirus pandemic...