South Africa’s King Price buys Stangen, targets life insurance
King Price bought Stangen from African Phoenix Investments for R140 mn...
Tag : South Africa
South Africa to set up wealth fund, state bank to improve financial access
The plans for both proposals were announced by President Cyril Ramaphosa in his 2020 State of the Nation Address...
Beleaguered South African Airways gets $240 million bailout package
The state-owned airline has not been able to generate revenues and has managed to survive largely due to government rescue packages...
Cenfura and C4D to develop renewable energy assets in South Africa
Both parties will deliver the first tokenised assets to microgrids in the Gauteng Province of South Africa...
African tech startups secure $491.6 mn in funding in 2019
2019 also witnessed a 61% increase in the number of investors to reach 261...
African tech companies invited to partner Britain-led growth scheme
With its startups generating 50% more venture capital in 2017 than in 2016, Africa is witnessing an exponential growth in the technology industry...
South Africa to restructure GDP data September onwards
The start year for calculating GDP will be updated to 2015 from the existing year of 2010...
Goldman bank licenced to operate in South Africa as part of expansion
The bank has become a member of Johannesburg Stock Exchange’s interest-rate and currency-derivatives market...
South Africa reduces cheque limits to boost the use of B2B epayments
Checks can be written below $3,500 to encourage businesses to utilise more epayment options...
African fintech My-iMali raises funds to increase customer base
The South Africa-based startup received the funding from fintech holding company Crossfin...