London- and JSE-listed insurer Old Mutual grew the number of customers in its operations in the rest of Africa by 590,000 in 2013 as it continues to focus on emerging markets to achieve growth.
By Gillian Jones 3 Mar 2014 07:10
HARARE, ZIMBABWE: Angry depositors forced their way into a banking hall and attacked a manager in the Zimbabwean capital after the bank ran out of cash, witnesses said.
18 Dec 2013 08:54
Sanlam and short-term insurer Santam will work together in emerging markets as the group expands into the rest of Africa‚ and South-east Asia.
By Gillian Jones 13 Dec 2013 09:59
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
The sell-off in property stocks over the past four months has made it less attractive for unlisted real estate companies and developers to bring their shopping centres, offices and warehouses to the JSE. Since May prices have dropped around 13% and yields have risen from an average 6,2% to 7%.
By Joan Muller 5 Oct 2013 07:55
Three years ago only a handful of formal shopping centres exceeding 10,000m² were scattered across Africa north of SA's borders. And not a single JSE-listed property company had a presence on the continent.
By Joan Muller 16 Sep 2013 06:25
Though FirstRand suffered some setbacks in its African growth strategy‚ it remains committed to growing its presence in the rest of the continent through greenfields operations or small acquisitions.
By Gillian Jones 11 Sep 2013 07:30
Mutual & Federal, the short-term insurance firm owned by Old Mutual, said last week it had bought the insurance book of specialised crop underwriting manager Agricola for an undisclosed amount.
By Phakamisa Ndzamela 12 Aug 2013 11:33
The double tax agreement between Mauritius and South Africa, which came into force in 1997 has been renegotiated.
By Bernard du Plessis - ENS tax department 12 Aug 2013 09:31
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
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
E-commerce in Africa has grown dramatically over the past year, says Robin Philip of payment services provider PayGate, and is now in a position to support the massive consumer boom that's happening across the continent.
2 Jul 2013 09:46
Africa's oil and gas industry is poised for momentous growth despite regulatory and political challenges‚ according to a PricewaterhouseCoopers (PwC) report released on Wednesday (19 June)
20 Jun 2013 09:45
Banking systems across sub-Saharan Africa (SSA) have grown and strengthened significantly over the past decade and favourable macroeconomic‚ regulatory and financial trends indicate that further improvements lie ahead‚ Moody's Investors Service says in a new special comment published on Wednesday (19 June).
20 Jun 2013 09:28
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
A new report, Bright Africa, provides a uniquely comprehensive look at transaction multiples across the continent.
11 Apr 2013 10:54
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
Research in northern Ghana funded by SWIFT (Society for Worldwide Interbank Financial Telecommunication) showed that mobile money can help foster a savings culture and address financial exclusion.
By Helmo Preuss 27 Feb 2013 07:33
The year 2013 for most brands, especially the ones coping with saturated markets in developed countries, will be a decisive one. Incorporating Africa into their corporate brand strategy, if they haven't done so, will be the better part of valour, so to speak.
By Obaika Consulting Team 31 Jan 2013 13:20
As 2013 commences, afro-pessimism seems to cede to afro-optimism. There is a global consensus: Africa is poised for a great future. What will be the impact of Africa's growth on our industry? What will be the major trends of the year? In the business world, predicting the future is a crucial exercise.
By Nandkishor Buty 30 Jan 2013 12:39
MEF, the global community for mobile content and commerce announced the results of its annual Global Consumer Survey, carried out in partnership with On Device Research that reveals the behaviour of mobile media users from across the world, giving data and intelligence into mobile engagement and purchasing habits.
21 Nov 2012 10:01
One of the "Big Four" South African bank, FNB, launches a border payments to Swaziland and Lesotho via cellphone using its Pay2Cell service.
By Gaongalelwe Moatshe 27 Aug 2012 12:44
Barclays Bank and its subsidiary, Absa, say they are engaged in negotiations to combine the majority of the Barclays Africa operations.
21 Aug 2012 11:41
SBV Services, who has been providing its cash operations services to the Nigerian market for over five years, is also active in Lesotho with plans being afoot to extend its footprint further into Africa, including Uganda and Namibia.
10 Jul 2012 09:27
Airtel Chad has collaborated with Ecobank to launch Airtel Money in the West African nation. Reportedly the first mobile commerce product in the country, the service will allow subscribers to carry out financial transactions on their mobile phones and enhance the delivery of financial services at affordable costs.
20 Jun 2012 11:21
Africa's top business figures gathered together last week at the fifth annual African Business Awards in London. The event for celebrating excellence and achievement in African business took place at the Grosvenor House with approximately 300 guests.
11 Jun 2012 11:13
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