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...

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By On Sunday, June 3rd, 2018

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...

By On Tuesday, May 8th, 2018

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...

The Mekin dam under construction forms part of the Nachtigal hydroelectric dam being built on the Sanaga river, picture, CAJ News
By On Thursday, May 3rd, 2018

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...

African Medallion Group
By On Saturday, April 21st, 2018

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...

Money for Uganda
By On Saturday, April 14th, 2018

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...

By On Friday, April 13th, 2018

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...

Doraleh seaport
By On Wednesday, April 11th, 2018

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...

By On Tuesday, April 10th, 2018

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...

GTBank Debit Mastercard
By On Wednesday, March 28th, 2018

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...