NewsSouthern Africa

Wed,17Oct2018

Southern Africa

South Africa banking: start-up shake-up

 

monoliths of the South African banking landscape: Absa; Standard Bank and First National Bank. Photo: Mike Hutchings/ReutersSouth Africa is 'a marketplace without boundaries', says PwC, and new niche players are limbering up to compete with the country's top banks by offering digital, lower-cost financial services

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Mining firms say Zambia's tax hike plan would ruin economy

Zambian workers constructing a new $300 million copper smelter in Chingola, Zambia, in this Wednesday, Dec. 13, 2006 file photo. Photo: JOSEPH SCHATZ/AP/SIPAZambia's proposed mining tax increases would hobble Africa's second biggest copper industry, companies said on Thursday, a further warning to investors already concerned about the country's mounting debt.

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Finance: Opportunity knocks again

 

Getty imagesBank profits are growing as many of the big international financial institutions pull out of the continent to reduce their risks. But as they grow, will local banks be able to turn away from the easy money of buying government bonds in order to finance factories, farmers and fintech?

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Marriott International to increase its Africa hotels by 50 pct by 2023

Steve Helber/AP/SIPA  Marriott International plans to increase its hotels in Africa by 50% in the next five years, opening new facilities in markets where it already operates and venturing into new ones like Mozambique, the company said on Monday.

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Patrick Smith's opinion piece on Zimbabwe's cash impasse

 

vote campaign newPatrick Smith, Editor-in-chief, The Africa Report, gives his opinion on a political deal to break Zimbabwe's cash impasse

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South Africa keeps 30 pct black ownership target in mining charter

Gwede Mantasheduring a media briefing in Johannesburg, South Africa, Wednesday, April 5, 2017. Photo: Themba Hadebe/AP/SIPASouth Africa's new mining charter will require holders of mining rights to raise the level of black ownership to at least 30% from 26% within five years, Resources Minister Gwede Mantashe said on Thursday.

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