KPMG, one of the world’s “big four” auditors, has been slapped with a record fine of £21 million ($26 million) by Britain’s accounting regulator, the Financial Reporting Council (FRC).
Author: Staff Writer
British automaker Jaguar has made a significant announcement that marks the end of an era for the brand’s sports cars. The company revealed that it will be producing its final petrol-powered sports car in 2024, signaling a shift towards becoming an all-electric car manufacturer by 2025.
South African private equity firm Harith General Partners has announced its acquisition of a 46% stake in Mergence Investment Managers, a larger rival in the industry. The deal aims to leverage the combined assets of R59 billion to support infrastructure projects and other investments across Africa.
The National Prosecuting Authority’s (NPA) Asset Forfeiture Unit (AFU) has obtained a preservation order in the Northern Cape, freezing assets worth R27 million in connection with an alleged Personal Protective Equipment (PPE) corruption case.
Chery, the renowned automobile manufacturer, recently made a significant announcement regarding its upcoming models, the Tiggo 7 and 8 Pro plug-in hybrids.
Cameroonian fintech startup Koree has emerged as the winner of the annual Ecobank Fintech Challenge, securing a top prize of $50,000. The competition, organized by pan-African bank Ecobank Group, aims to support and promote innovative startups in the fintech sector.
According to Lesetja Kganyago, Governor of the South African Reserve Bank (SARB), inflation is currently at 4.8%, slightly down from the previous figure of 4.7%. However, sustained declines are necessary to reach the target range of 4.5% to 5%.
BMW has revealed the second-generation BMW X2, showcasing a refreshed design, cutting-edge technology, and larger dimensions compared to its predecessor.
Unilever, the multinational consumer goods company, has reached a settlement agreement with the Competition Commission regarding a long-standing price-fixing case.
South Africa’s largest real estate investment trusts (REITs) have experienced a significant decline in value, with the big five collectively losing over R100 billion since September 2018.