Shoprite Holdings‚ Africa's biggest retail group‚ reported that its turnover had increased by 10.2% in the three months to September.
29 Oct 2013 09:59
First National Bank's eWallet continues to show strong growth in its African operations with a 119% year-on-year increase. It has also maintained growth in SA with the total number of eWallets in all countries reaching 2.5m‚ an 84% increase from the previous financial year.
By Bekezela Phakathi 28 Oct 2013 10:52
Tax authorities are being more aggressive in challenging companies' tax practices, but this is leading to a disparity over what tax practitioners and politicians consider aggressive tax planning.
By Amanda Visser 11 Oct 2013 11:37
It is surprising to see how limited Old Mutual's exposure to most of the large markets in Africa has been. For its first 160 years it focused on a few of the outposts of the British empire in East and southern Africa, with little claim to be a pan-African insurer.
19 Aug 2013 11:03
Growth in SA will continue to lag that of other African countries‚ with the latest African Development Bank African Economic Outlook report released on Wednesday (7 August) listing the country among the 10 that will record the slowest growth this year.
9 Aug 2013 08:51
London- and Johannesburg-listed insurer Old Mutual reported good results on Wednesday (7 August) in most areas of its business for the six months to June this year.
By Gillian Jones 8 Aug 2013 11:46
Citibank is expecting to grow revenue in Africa as it sees opportunities in increased trade and investment‚ urbanisation and digitisation.
By Gillian Jones 26 Jul 2013 12:52
Mobile services group Vodacom on Thursday (18 July) reported a 3% rise in group revenue to R17.5bn for the June quarter.
18 Jul 2013 12:33
International Information and communications technology group Datatec said on Wednesday (17 July) that overall group revenues and earnings for the period March to June this year were similar to those for the same four months last year but underlying earnings‚ basic earnings and headline earnings per share were all slightly lower.
17 Jul 2013 11:28
Telecommunications group MTN said on Tuesday (28 May) that the group had increased its subscriber base by 4% in the four months to April 30 to 197.4m mobile subscribers across its operations.
29 May 2013 08:31
Pick n Pay has reported a 21.7% drop in diluted headline earnings per share to 109.61c despite a 7.1% rise in turnover to R59.3bn. Dividends fell by 35.8% to just 84 cents a share.
24 Apr 2013 06:48
African countries must integrate their economies in order to support a new wave of industrial development across the continent‚ Department of Trade and Industry Minister Rob Davies said Tuesday (26 March).
By Mariam Isa 27 Mar 2013 09:40
Global legal practice Norton Rose has advised South African insurers expanding into other African countries to look beyond the sector-specific regulatory requirements in the jurisdictions they are entering as failure to do so could undermine their investments.
By Phakamisa Ndzamela 20 Mar 2013 09:25
The growth of mobile money will continue at a rapid rate this year‚ global mobile industry body GSMA said in a recently released report entitled The Economy of Mobile 2013.
By Thabiso Mochiko 20 Mar 2013 07:09
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