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...
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...
Uganda secures $4 billion for milestone oil refinery
Money for Uganda from HASSAN ONYANGO in Kampala, Uganda KAMPALA – UGANDA has secured funds for the construction of a US$4 billion oil refinery, representing an important milestone in the commercialisation More...
SARS probe: SBI pledges support to Pillay
JOHANNESBURG, (CAJ News) – THE Small Business Institute (SBI) has rejected the resignation by board member, Ivan Pillay, who has been slapped with criminal charges alongside his former colleagues at the South More...
Gauteng launches one-stop investors shop
by AKANI CHAUKE JOHANNESBURG – THE Gauteng InvestSA One Stop Shop (OSS) has been launched to pprovide professional service to investors, reduce regulatory inefficiencies and reduce red tape for entrepreneurs More...
Standard Bank confirms expansion to Ivory Coast
by MTHULISI SIBANDA JOHANNESBURG – STANDARD Bank has opened a branch in Ivory Coast, bringing its presence in African countries to 20. The bank in the capital, Abidjan, will focus on the needs of Corporate More...
New ATM solutions to change SA banking services
CAPE TOWN, (CAJ News) – NCR Corporation (originally National Cash Register) has launched a new family of automated teller machine (ATM) solutions forecast to help financial institutions redefine banking experience More...