Capitec, Nedbank vie to purchase Portugal’s Mercantile
JOHANNESBURG – THE Portuguese government has shortlisted Capitec, Nedbank, Public Investment Corporation (PIC) and a consortium of banks are in the shortlist to acquire Mercantile Bank Holdings Limited in South Africa. The consortium comprises Arise B.V. and Grindrod Bank Limited. This approval allows the sale process of Mercantile by Caixa More...
Zimbabwe graft crusade a bark with no bite
JOHANNESBURG – THE failure to prosecute culprits has made Zimbabweans in Diaspora skeptical of their government’s pledge to fight corruption and ultimately revive the economy. The doubts follow the lack of More...
SA-based patriots have lofty economic ambitions for Zimbabwe
JOHANNESBURG – IN December last year, a month after taking over the reins from longtime leader Robert Mugabe, Zimbabwean President Emmerson Mnangagwa visited South Africa to woo investors. After meeting More...
MTN addresses Nigeria child mortality woes
MTN Nigeria from OKORO CHINEDU in Lagos, Nigeria LAGOS – MTN, the continent’s biggest mobile operator, is raising awareness about the Rhesus Gene Deficiency and child mortality in Nigeria, as part of More...
Econet profits up 266% after austerity measures
Dollars from DANAI MWARUMBA in Harare, Zimbabwe HARARE – ECONET Wireless (EWZL) Zimbabwe has registered an almost 266 percent increase in profits after tax to US$132, 9 million for the year ending February More...
Multimillion-rand boost for Western Cape fishing, tourism
CAPE TOWN – FISHING communities and tourism operators in the Western Cape have received a major boost with the R400 million (US$32 million) upgrade on harbours in the province. The Department of Public Works More...
Expanding IDC urges SA firms to invest beyond borders
EMALAHLENI – THE Industrial Development Corporation (IDC), South Africa’s development finance institution, is intensifying plans to increase its footprint in the continent. It has encouraged local companies More...
MTN, Cisco launch automated IoT connectivity platform
JOHANNESBURG – MTN and Cisco have launched internet of things (IOT) services throughout South Africa. The availability of the Cisco Jasper Control Centre enables an automated IoT connectivity platform for all More...
EXCLUSIVE: US defends “sovereignty” of African states in use of coal and gas
A worker inspect facilities on an upstream oil drilling platform at the Total oil platform at Amenem, Port Harcourt , Niger Delta, Nigeria. AFP from SCOTT COURIER in Washington, United States WASHINGTON – More...
Zimbabwe promised billions if polls are credible
MUTARE, (CAJ News) – ZIMBABWE has received assurances of $15 billion (about R180 billion) if the country embarks on credible, free and fair elections in the upcoming months. President Emmerson Mnangagwa disclosed More...