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 | KATJA HAMILTON South Africans face significant tax hikes to fund the R200bn gap in NHI financing, according to an analysis by FTI Consulting... read |
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 | | South African Luno users simplify cryptocurrency payments at 1,500+ Pick n Pay stores via QR code, streamlining a previous two-app process...read |
|  | LINDSEY SCHUTTERS A year on from the infamous 40-hour outage and Capitec Bank is still having regular recurring issues on its mobile app...read |
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 | DUNCAN MIRIRI AND SIMON JESSOP Kenyan president opens Africa's first climate summit, where UAE investors pledge $450m to boost carbon-credit production 19-fold by 2030... Read |
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| |  | KATJA HAMILTON New Development Bank mulls pandemic fund amid AU-Brics discussions for collaborative PPPR efforts involving 11 Brics nations and partners... Read |
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| Banking |
 | South Africa's TymeBank launches PayShap: free real-time interbank digital payment service for 7.6 million customers, enhancing accessibility and affordability... Read |
 | Nedbank's 300th branch in Somerset West, part of Project Imagine, blends digital ease with in-person service for a modern banking experience... Read |
 | In Cairo, China Development Bank (CDB) signed a $400m loan deal with Afreximbank to support SMEs across Africa... Read |
 | Absa's significant employee stock ownership plan brings joy across the continent, benefiting staff, CSI Trust beneficiaries, and underserved communities, marking a substantial B-BBEE transaction... Read |
| Economy |
 | TANNUR ANDERS South African retailer Woolworths said on Wednesday, 30 August 2023, it planned to spend R10bn ($538m) in capital expenditure over the next three years as it seeks to strengthen margins... Read |
 | The Economic Cluster has been tasked by the Cabinet to formulate an action plan focused on food prices, food security, and access to food... Read |
 | OLIVIA KUMWENDA-MTAMBO AND BHARGAV ACHARYA South African President Cyril Ramaphosa said on Sunday that an independent inquiry has found no evidence that a Russian ship had collected weapons from the country late last year destined for Russia... Read |
| Education & Training |
 | The Sanef financial journalism fellowship sponsored by Deloitte South Africa launches in October... Read |
| Financial Services |
 | KARABO LEDWABA We catch up with Kinola Pather, head of strategic marketing at NMG Benefits. She holds over 17 years of experience in the sales and marketing industry, with experience in multiple industries, including banking, travel, hospitality, aviation, retail, retirement fund, and healthcare... Read |
| Fintech |
 | TradeGPT is an AI-powered education tool that aims to help traders learn and improve their skills in the fast-growing crypto market... Read |
| Insurance & Actuarial |
 | CLARA DENINA AND SARAH MCFARLANE Coal producers face higher costs and risks as insurers abandon them, despite rising demand for the fossil fuel... Read |
| Markets & Investment |
 | LINDSEY SCHUTTERS Sibanye-Stillwater reported a 37% drop in profits for H1 2023, but the company is still pursuing a Mopani copper deal... Read |
 | Krutham (previously Intellidex) today celebrated those African organisations and individuals who are making successful impact investments on the continent, in the inaugural Krutham Africa Impact Investment Awards... Read |
 | HULME SCHOLES In a recent statement during the Brics conference, the Chinese delegation opined that South African government procurement processes and BEE policies are potential barriers to Chinese investment in the country... Read |
| Venture Capital |
 | Westbrooke Alternative Asset Management closes latest UK-secured private debt fund, Westbrooke Yield Plus, raising GBP15m (approx. R400m) in the last quarter... Read |
| Business |
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 | OLIVIA KUMWENDA-MTAMBO South Africa's National Treasury enacts cost-cutting steps, including a hiring freeze, to address revenue shortfalls and economic challenges, communicated in a letter to government entities... Read |
 | Petrol is currently facing increases of between R1.41/litre (for ULP93) and R1.45/l (for ULP95), while diesel could climb by as much as R2.60/l... Read |
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