business

Business: Mboweni wants DA to provide ‘evidence’ for SAA bailout allegations

Finance Minister Tito Mboweni has hit back at claims by the DA that National Treasury plans to extend a bailout…

July 19, 2020

Business: Grand Ethiopian Renaissance Dam: Ethiopia confirms reservoir filling up

A reservoir behind Ethiopia‘s disputed Grand Renaissance dam on the River Nile has started filling with water – a day…

July 18, 2020

Business: Now is the time to invest in Africa’s creative industries

Despite the effects of COVID-19, Africa’s young creative industries remain ripe for investment opportunities. African music, film, and fashion continue…

July 16, 2020

Business: Nigerian scholar calls for halt to auction of sacred Igbo artworks

A prominent Igbo-Nigerian artist and academic has called for the cancellation of a forthcoming auction in Paris of two sacred…

July 15, 2020

Business: Thousands of jobs are threatened by the government’s renewed ban on alcohol

Thousands of workers in the South African liquor industry and its value chain are facing job losses after the government…

July 14, 2020

Business: Telkom launches Yep! app to grow small businesses

As the tough economic environment continues to affect industries adversely, small businesses are hit the hardest. But Telkom Business has…

July 13, 2020

Business: SA business gives Mboweni’s zero-based budgeting thumbs up, but calls for no tax increases

Zero-based budgeting will be instrumental in curbing public debt, according to Business For South Africa. The organisation, which represents a…

July 12, 2020

Business: IMF warns cutting spending too soon could derail recovery

As governments rushed out funding to prevent an economic collapse amid the coronavirus pandemic, global public debt swelled to the…

July 11, 2020

Business: Progress in Africa’s fight against tax evasion

African countries have made “significant” progress in reaffirming their commitments and building their capacity to achieve tax transparency. This is…

July 10, 2020

Business: Why Kenya’s Equity Bank broke off talks with Atlas Mara

The Kenyan giant is renouncing the acquisition of African subsidiaries of the British headquartered bank Atlas Mara. A decision linked…

July 9, 2020

Business: Andela engineering-as-a-service to go fully-remote and double talent pool with pan-African expansion

Andela, the global talent network that helps companies build remote engineering teams, will now accept engineers from all African countries,…

July 8, 2020

Business: Cell C shareholder Blue Label takes R330m hit from WiConnect

Cell C major shareholder, Blue Label Telecoms, expects to bounce back from the trading losses it experienced because of Cell…

July 7, 2020

Nigeria: Buhari bars VIPs’ aides from airport terminals

The President, Major General Muhammadu Buhari (retd.), has given an approval to the Federal Ministry of Aviation to stop all…

July 7, 2020

Numsa and Sacca threaten legal action over SAA liquidation

The South African Cabin Crew Association (Sacca) and trade union Numsa have threatened to go to court to challenge a…

July 6, 2020

Standard Bank: We will not let climate groups dictate how the bank is run

Standard Bank, which has come under fire for continuing to fund new fossil fuel projects on the continent, says it…

July 5, 2020

Steinhoff likely near to settling R188 billion in legal claims

Steinhoff International Holdings NV is getting close to reaching a potential deal on 10 billion euros (around R188 billion) of…

July 4, 2020

Business: African payment startup Chipper Cash raises $13.8M Series A

African cross-border fintech startup Chipper Cash has closed a $13.8 million Series A funding round led by Deciens Capital and…

July 3, 2020

Business: Could Nile dispute be opportunity to boost freshwater technology?

The Grand Ethiopian Renaissance Dam (GERD) on the Blue Nile river has become a major point of contention between Ethiopia,…

July 2, 2020

Business: African Green Resources and African Fertilizer Agribusiness partner to boost crop yields in Zambia

An initiative, which involves a $40 million fertilizer-revolving facility and another $170 million for value addition is to be implemented…

July 1, 2020

Business: IMF says South Africa loan talks occurring at measured pace

The International Monetary Fund's discussions with South Africa over a $4.2 billion loan to support its fight against the coronavirus…

June 30, 2020

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