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DON'T MISS : Talking Africa New Podcast – 'The mega-cities of the future are in Africa' – Emma Wade-Smith

South Africa

new blood

South Africa’s Woolworths appoints turnaround specialist as CEO steps down

It is the end of an era at Woolworths Holdings and a beginning of a new one: CEO Ian Moir is stepping and being replaced by Roy Bagattini. ...

Retail rout

Massmart’s poised for showdown with union over downsizing

Massmart is embarking on a store downsizing process that could affect nearly 1,500 jobs and result in 34 DionWired and Masscash outlets being ... shut down.

down beat

Moody pessimistic on sub-Saharan Africa

Despite a slight recovery in growth, the Moody's agency considers sub-Saharan Africa to be too indebted to cope with possible external commercial, ... financial or climatic shocks.

free airtime

South Africa’s MTN finally freed from $2bn Nigeria tax obligation

Nigeria's attorney general cancelled on 10 January a $2bn demand issued a year ago against the telecommunications operator for unpaid taxes. ... The dispute was one of the last cases to be settled for MTN in the country.

missed opportunities

Ramaphosa fails to show leadership as difficult and decisive year looms

Does South Africa have the reformer it so badly needs? ...

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show time

Jack Ma: “Today’s Africa is the China of 20 years ago!”

The barriers that slow down entrepreneurship in Africa are similar to those I had to fight against twenty years ago when I created Alibaba. By ... relying on the digital revolution, it is possible to turn Africa into a global hub.

south africa

Sasol has a golden chance with green fuels

South Africa needs to seriously start thinking about shifting its energy focus. This is for two reasons. ...

Confidence and Contagion

South African rand left exposed by US strike on Iran

The South African rand was among the financial market casualties of the US strike which killed Iran’s leading military commander General Qassem ... Suleimani in Baghdad on January 3.

your round

Start-ups: which 7 African tech companies raised the most capital in 2019?

Nearly 100 African start-ups raised capital in 2019, a majority of which specialise in fintech in English-speaking Africa. Below is our overview ... of the top seven funding rounds in an outstanding year for tech on the continent.

MANAGING RISK

Africa’s largest pension fund changes tack

South Africa’s Government Employee Pension Fund (GEPF) will bolster its oversight of the Public Investment Corporation’s (PIC) investment ... mandate, while it cautiously invests in the rest of Africa.

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