South Africans are facing a severe fuel cost crisis as petrol and diesel prices are set to skyrocket in October 2023.
Author: Staff Writer
Healthcare group AfroCentric has generated controversy as it announced a significant decline in annual profit, leading to the company’s decision to skip dividend payments to shareholders.
The Zambian government and Huawei have signed an MoU to promote the country’s digital transformation agenda. The agreement was signed by Zambia’s Minister of Technology and Science, Felix Mutati, and Huawei’s Vice President for Southern Africa Region Phil Li at Huawei’s headquarters in Shenzhen, China.
The South African Reserve Bank (SARB) is embroiled in a contentious debate over whether to keep interest rates unchanged or make adjustments.
Bob van Dijk, the CEO of Naspers and Prosus, is stepping down from his position as chief executive and from the boards of both companies.
MTN, Africa’s largest mobile operator, has acquired additional spectrum in Nigeria, its biggest market. The Nigerian Communications Commission (NCC) has approved the transfer and assignment of the 10MHz frequency division duplex (FDD) in the 2.6GHz spectrum band from OpenSkys to MTN Nigeria.
Vida e Caffè aims to reach 500 stores across Africa and the Middle East by 2028, with a current presence of 267 stores in South Africa and 27 outlets in Ghana, Mauritius, and Zambia. CEO Darren Levy emphasized the company’s ambitious goals and expressed confidence in its growth strategy, highlighting the addition of new countries and partnerships as key drivers for future success.
Uganda’s finance minister announced that the country’s economy is expected to grow by 6.5% in the financial year 2024/25. This represents a slight acceleration from the projected growth for the current year.
The GWM Tank 500, a highly anticipated SUV, is set to hit South African roads in the near future.
The South African Treasury is facing pressure to weaken its proposed spending cuts.