Business: MTN appoints new CEO

Mobile operator MTN has appointed Ralph Mupita as its new team president and chief executive officer with effect from 1 September 2020. Mupita has served as the MTN Group chief financial officer on the grounds that April…

Dis-Chem withdraws price fine appeal inflated

Business: Dis-Chem withdraws price fine appeal inflated

Dis-Chem on Friday urged its prison group to withdraw its appeal against the Competition Tribunal’s R1.2million quality for inflating the price of surgical masks, pronouncing it would as an alternative focus on meeting its customers’…

Embattled Denel reports R1.7bn loss

Business: Embattled Denel reports R1.7bn loss

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…

Chairman of Tiger Brands to leave in December

Business: Chairman of Tiger Brands to step down…

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,…

Mastercard increases security online

Business: Mastercard enhances security capabilities online

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…

Standard bank to avoid cheque issuance

Business: Standard bank to avoid cheque issuance

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…

African Banks Under Pressure to Accelerate Digital Transformation

NEWS: African Banks Under Pressure to speed up…

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…

The share price of Hulett jumps 13 per cent as the turnaround plan begins to produce some results

Business: The share price of Hulett jumps 13…

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…

Coronavirus: The impact on Nigeria's airlines

COVID-19: The impact on Nigeria’s airlines

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…

Coronavirus confines African Free Trade Area, for now

Covid-19 confines African Free Trade Area, for now

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…

Power cuts to dampen industry, consumer trust as Eskom load shedding implements

Business: Power cuts to dampen industry, consumer trust…

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…

MTN, accused of dodgy tactics, slammed for delayed Middle East exit

Business: MTN, accused of dodgy tactics, slammed for…

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…

Exxaro warns about H1 earnings, but flags increased exports of coal

Business: Exxaro warns of hit to H1 earnings,…

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…

Dangote's $2 Billion Fertilizer Plant Set for 2020 Start

Dangote’s $2 Billion Fertilizer Plant Scheduled for 2020…

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…