EconomyFeaturedTrade between China and Africa drops by 14% during Q1 2020International Finance Business DeskApril 24, 2020 by International Finance Business DeskApril 24, 2020 Chinese exports to African nations decreased by 10.5% due to the coronavirus pandemic... Read more
FeaturedFintechSouth African startup Yoco launches payment solutions for SMEsInternational Finance Business DeskApril 21, 2020 by International Finance Business DeskApril 21, 2020 The new payment platform is launched to help businesses sustain its cashflows amid the coronavirus pandemic... Read more
AviationFeaturedSouth African Airways on the verge of collapsingInternational Finance Business DeskApril 20, 2020 by International Finance Business DeskApril 20, 2020 The carrier plans to lay-off its 4700 employees... Read more
FeaturedTelecomMTN Group announces R250 mn relief package to fight Covid-19International Finance Business DeskApril 15, 2020 by International Finance Business DeskApril 15, 2020 The telco also plans to raise R40 mn for a global staff emergency fund... Read more
FeaturedFintechSouth African fintech startup TaxTim expands into NigeriaInternational Finance Business DeskApril 3, 2020 by International Finance Business DeskApril 3, 2020 The startup entered into a partnership with PwC Nigeria... Read more
AviationFeaturedSouth African Airways suspends all operations amid Coronavirus pandemicInternational Finance Business DeskMarch 27, 2020 by International Finance Business DeskMarch 27, 2020 The carrier has suspended both international and domestic flights until May 31... Read more
FeaturedTelecomData falls: Vodacom to cut data price by 30% as part of social contractBharath KumarMarch 11, 2020March 18, 2020 by Bharath KumarMarch 11, 2020March 18, 2020 The Competition Commission has ordered the telecom giant to revise pricing on internet connectivity in South Africa... Read more
FeaturedInsuranceSouth Africa’s King Price buys Stangen, targets life insurancePritam BordoloiMarch 4, 2020 by Pritam BordoloiMarch 4, 2020 King Price bought Stangen from African Phoenix Investments for R140 mn... Read more
BankingFeaturedSouth Africa to set up wealth fund, state bank to improve financial accessBharath KumarFebruary 15, 2020March 18, 2020 by Bharath KumarFebruary 15, 2020March 18, 2020 The plans for both proposals were announced by President Cyril Ramaphosa in his 2020 State of the Nation Address... Read more
AviationFeaturedBeleaguered South African Airways gets $240 million bailout packageBharath KumarJanuary 30, 2020March 18, 2020 by Bharath KumarJanuary 30, 2020March 18, 2020 The state-owned airline has not been able to generate revenues and has managed to survive largely due to government rescue packages... Read more