The Cinema Exhibitors Association of Nigeria (CEAN), the country’s premier Film Trade Association Body, has announced good news for cinema lovers on the occasion of the International Cinema Day. Opeyemi Ajayi, the chairman of the Cinema Exhibitors Association of Nigeria (CEAN), said in a statement on Tuesday in Lagos that cinema lovers would enjoy discounted […]
State-owned fingers organization Denel recorded any other loss of R1.7billion for the 2019/20 monetary year due to a significant decline in revenue collection. This emerged when the Department of Public Enterprises seemed before the portfolio committee on public firms on Wednesday to short the committee on development made in addressing governance challenges facing state-owned entities. […]
Tiger Brands said on Friday, Khotso Mokhele would step down as chairman of the board on December 31. Mokhele will be changed by means of Geraldine Fraser-Moleketi, a lead impartial director at mining company Exxaro, who will take over on Jan. 1 after a handover period beginning from September. Fraser-Moleketi, 60, served in quite a […]
As digital commerce continues to speed up owing to the COVID-19 pandemic, Mastercard has introduced it will provide tokenization services to retailers with app, eCommerce, and ordinary billing card-on-file application in South Africa, further defending consumers and growing comfort when storing Mastercard cards in merchant databases. Dubbed Mastercard Digital Enablement Service (MDES) for Merchants, the […]
Standard Bank announced on Wednesday it had determined to stop the issuing of cheques as of December 2020 following the a variety of restrict savings added by the South African Reserve Bank (SARB). The lender additionally stated the persisted reduction of cheque usage at some point of the Covid-19 lockdown duration as properly as the […]
The spread of the Covid-19 pandemic across Africa has considered a surge in digital payments and e-commerce transactions as economic institutions scramble to provide organizations and consumers contactless methods of spending, borrowing and lending, and making payments. Cashless solutions like mobile lending and digital repayments had been already growing hastily on the continent even earlier […]
MTN has announced the appointment of Ralph Mupita as the new CEO of MTN group replacing Rob Shutter who will be stepping down at the end of August Mupita the chief financial officer will start his duties in September 2020 the company announced on Wednesday. The current group president and CEO, Rob shutter will step […]
South Africa’s Rand Merchant Bank, the funding banking arm of FirstRand Ltd., has been appointed as an adviser to assist the government examine offers for stakes in its insolvent countrywide airline, according to two humans acquainted with the situation. The state is looking to elevate greater than 10 billion rand ($575 million) that South African Airwaysadministrators […]
Tongaat Hulett’s share fee leapt more than 13percent on the JSE on Friday morning after the agriculture and agri-processing commercial enterprise narrowed its losses by using 79percent for the 12 months to cease March, benefiting from its turnaround method applied closing year. The share charge climbed to a one-month intra-day high to R5.67 a share, […]
Travelling between two factors in Nigeria can be time-consuming, so many human beings opt for air travel. It takes an hour to fly between Lagos, the industrial district, to Abuja, the federal capital, whilst the equal trip would take over 10 hours by means of road. The reopening of airports and the reinstatement of flights has come as a […]
The start of the African Continental Free Trade Area (AfCFTA) was postponed due to the coronavirus. Experts agree with that the pandemic ought to assist give the bold free alternate undertaking a boost. Measured via the range of countries, the African Continental Free Trade Area (AfCFTA), is to grow to be the greatest free-trade zone […]
South Africa woke up to information of greater load shedding yesterday, with analysts warning a resurgence of power supply interruptions ought to derail South Africa’s monetary recuperation and stifle investments post Covid-19. Eskom started imposing Stage 2 load shedding for 14 hours due to the prolong to return to service of two generation devices at […]
Africa’s largest telecommunications network, MTN, is going through fresh allegations from US regulation association Sparacino PLLC following its choice to exit its Middle East portfolio in the next three to 5 years. Sparacino, which has represented the households of lots of Americans killed and injured in Afghanistan, accused MTN of prolonging its disinvestment from the […]
Exxaro Resources Ltd said on Tuesday first-half internet income was once likely to fall through as tons as 34% due to one-off gadgets although it expected greater coal exports and a favourable change price to improve core earnings. Exxaro said headline earnings per share, the most important income measure for businesses in South Africa, for […]
Dangote Group’s fertilizer plant, now below development in Nigeria’s largest metropolis of Lagos, will be ready to begin manufacturing late this year, according to Saipem SpA, the builders. Owned by Aliko Dangote, Africa’s richest man, the facility located in the Lekki district of Nigeria’s business hub, has a name-plate potential of 3 million lots a yr of […]
Entrepreneurship is gaining more traction across the African continent as greater and greater adolescence are searching to start their own business. Kolawole Olajide is the co-founder of BridgeLabs, his 1/3 entrepreneurial task that used to be established from his pastime in building gorgeous technology products designed to allow forward-thinking agencies to compete and operate in […]
The National Union of Metalworkers of South Africa vowed to battle an utility with the aid of employers in the petroleum enterprise to have employees declared as essential services, announcing it would inhibit their capability to strike. According to the Labour Relations Act, an integral carrier is work whose interruption would endanger the fitness and […]
South African investigators are seeking to recover more than R400 million from German software program firm SAP for two government contracts they allege have been entered into unlawfully, court docket documents considered through Reuters show. Although the quantity of cash sought is small for a organisation with a market fee of round 162 billion euros, […]
Africa’s largest cell operator, and South African telecom giant MTN, announced Thursday it would pull out of the Middle East the medium term to concentrate on its pan-African approach resolving to simplify its portfolio and exit its Middle Eastern assets in an orderly fashion. The group will scrap its interim dividend beneath a blueprint to […]