By TINTSWALO BALOYI JOHANNESBURG, (CAJ News) – WHILE South Africans are known to be poor savers, amid estimations only 6 percent can afford to retire comfortably,nonetheless, predominantly Rand-based investments offer no guarantees of a protected future lifestyle. In addition, foreign exchange control legislation that previously forced citizens More...
Shoprite profits up despite challenging condition
Pieter_Engelbrecht_Shoprite_CEO_ JOHANNESBURG, (CAJ News) – THE Shoprite Group has defied tough market conditions to deliver industry-leading results for the 2017 financial year. Now serving over 35 million More...
Absa, China Development Bank sign $100 million deal
By MTHULISI SIBANDA in Johannesburg JOHANNESBURG, (CAJ News) – ABSA Bank has concluded a five-year $100 million (R1,32 billion) Special Facility Agreement with the China Development Bank (CDB). The first major More...
Mswati III lauds SADC as symbol of peace, stability
by SAVIOUS KWINIKA PRETORIA, (CAJ News) – OUTGOING chairman of the Southern African Development Community (SADC), King Mswati III, has hailed the relative peace and stability in the region, saying these created More...
Global brands confirm Kenya as investment destination
Kenya flag NAIROBI, (CAJ News) – GLOBAL fashion retail giants LC Waikiki and Woolworths have announced plans to open stores in Kenya, a development that enhances Kenya’s attractiveness as an investment More...
Econet dominant in Zimbabwe mobile money space
from MARCUS MUSHONGA in Harare, Zimbabwe HARARE, (CAJ News) – ECONET Wireless, the leading mobile network operator,has maintained its dominance in Zimbabwe’s mobile money payments sector.According to statistics More...
Black asset managers grow but stake is stagnant
JOHANNESBURG, (CAJ News) – SOUTH Africa has recorded a surge in the number of black asset managers but there is concern over the stake this group manages. According to research, the number has doubled to More...
Accountants select Ndlovu as SA Woman of the Year
By GIFT NDOLWANE in Suncity,Northwest SUNCITY, (CAJ News) – SOWETO-born medical doctor and businesswoman, Cynthia Thandi Ndlovu, has been conferred with the 2017 African Women Charted Accountants Woman of More...
Rwanda power utility enhances operational efficiency
From PHYLLIS BIRORI in Kigali, Rwanda KIGALI, (CAJ News) – RWANDA Energy Group (REG) has embarked on a drive to streamline its business processes, improve corporate governance and enhance operational performance.Its More...
Silvertree invests over $15 million into Africa
From DION HENRICK in Cape Town, CAPE TOWN, (CAJ News) – SILVERTREE Internet Holdings has channelled more than US$15 million into African consumer-focused technology companies since inception in 2014.It plans More...