The ruling ANC party in South Africa has demanded that commercial banks involved in manipulating the country’s currency, the rand, face criminal charges. The ANC argues that the recent settlement of R42.7 million ($2.3 million) by Standard Chartered is insufficient to address the damage caused to the economy.
Author: Staff Writer
African agri-food startups have the opportunity to apply for the THRIVE Global Accelerator program, which is specifically designed to support seed through Series A companies in the agri-food sector and prepare them for growth and scalability.
Shoprite, Africa’s largest supermarket retailer, has reported a substantial 13.2% increase in sales for the three months ending September 2023.
The Volvo EM90 offers a new level of opulence on the move, transforming the concept of travel with its lavish features and amenities.
Absa, the banking group, is set to acquire the Mauritian assets of HSBC, signaling its commitment to expanding its footprint in Mauritius and becoming a significant player in the country’s economy.
The Banking Association SA (Basa) and the SA Banking Risk Information Centre (Sabric) have formed a strategic partnership with the Hawks, South Africa’s priority crime investigation unit, to combat financial crimes effectively.
Salesforce, the global cloud computing company, has announced the appointment of longtime executive Denise Dresser as the new CEO of Slack, a popular workplace communication platform.
South Africa has witnessed a significant decline in its official unemployment rate, dropping from 32.6% in the second quarter to 31.9% in the third quarter of 2023.
Sipho Nkosi, the former board chair of Sasol, has stepped down from his position to prevent potential conflicts of interest between his business ventures and the interests of the company.
Nedbank, one of South Africa’s prominent financial institutions, has decided to cut ties with MTN’s black empowerment scheme, Zakhele Futhi. This move has sparked a heated debate within the telecoms and technology sector.