Sasol ramps up investments in resources-rich Mozambique
Oil and Gas Mozambique MAPUTO – SASOL, South Africa’s integrated energy and chemical company, is investing an undisclosed amount of money but running to “hundreds of millions of Rands” as it intensifies oil and gas exploration in neighbouring Mozambique. Already Sasol had created more than 3 000 jobs in Mozambique since the giant energy company More...
Africa’s challenger banks set to cause a revolution
Andries Brink, Chief Executive Officer Andile Group Holdings JOHANNESBURG – CHALLENGER banks in Africa are projected to storm ahead of their larger rivals, producing better returns as they target underserved More...
Millions up for grabs in 2018 MTN8
MTN’s Mapula Bodibe by AKANI CHAUKE JOHANNESBURG – MORE than R22 million will be one in this year’s edition of the MTN8, one of South Africa’s most exciting football tournaments. The tournament has been More...
New look Barclays Africa relaunches as Absa Group
JOHANNESBURG – BARCLAYS Africa Group has officially been renamed Absa Group. It has started trading under its new name and share code (ABG) on the Johannesburg Stock Exchange (JSE). The name change, according More...
Old Mutual endorses Zimbabwe Open for Business mantra
Old Mutual Zimbabwe Group CEO and Old Mutual Rest of Africa CEO, Jonas Mushosho, (centre), hands over an Anchored in Africa statuette to President Emmerson Mnangagwa while Patrick Chinamasa, Minister of Financelooks More...
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 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...
South Africa eager to host inaugural investment forum
JOHANNESBURG, (CAJ News) – SOUTH Africa has expressed readiness to host the 2018 Africa Investment Forum, lauded as a world-class initiative uniquely positioned to transform the continent’s development More...
Angola takes lead in hydropower plant capacity
LUANDA, (CAJ News) – ANGOLA’S Laúca Hydropower Plant is about to become the largest such facility in the Southern African country and among the biggest in the region, with an installed capacity of 2 070 More...
US$1 billion bond certificate enhances AMG’s gold status
African Medallion Group JOHANNESBURG – THE African Medallion Group (AMG) has introduced a US$1 billion gold-backed bond certificate, a global solution that enables people from anywhere in the world to invest More...