Creator
Helen Nyambura-Mwaura
SA, Rwanda expel diplomats in row over Rwandan exiles
SA has expelled three Rwandan diplomats linked to a raid on an exiled general’s Johannesburg home while Rwanda reacted by ordering out six SA envoys.
ANC faces reduced majority in upcoming elections
The ANC is likely to extend its two-decade rule with ease, but rising discontent among grassroots supporters could chip away at the party’s majority.
The new frontier: Africa’s great ‘white spaces’
Microsoft and Google are racing to fine tune a technology that could ultimately bring cheap broadband to the entire African continent.
SA company to start making smartphones
South African telecoms firm Seemahala is developing a smartphone that focuses on the need in Africa for internet access and long battery life.
Amplats scales back mining job cuts plan
Amplats has said it would cut 6 000 jobs, fewer than half the 14 000 first proposed, as it tries to restore profits without provoking a backlash.
Standard Bank to boost ‘Africanness’ after CEO resigns
The new co-heads of Standard Bank has promised to sharpen the African focus following chief executive Jacko Maree’s resignation announcement.
Sexwale’s Batho Bonke sells $370m stake in Absa
Tokyo Sexwale’s Batho Bonke Capital has sold its stake in SA’s biggest retail bank, exiting one of the post-apartheid era’s highest profile BEE deals.
Capitec eyes higher bank fee income
Capitec Bank says it plans to boost its transaction income in a year, which it expects will make it less reliant on lending income.
Capitec plans to issue $110m in new shares
Capitec Bank says it aims to raise $110-million by issuing new shares to fund its expansion and boost capital ahead of new global banking needs.
Absa falls in line with Barclays structure
Absa Group says it would merge its business and retail banking units, a similar move done by Barclays this year.
Nedbank’s first-half profit jumps on higher fees
Nedbank Group has reported a 26% rise in first-half profit, which was helped by a drop in bad debts and its push to boost revenue from fees.
SA banks to post little real first-half growth
Big South African banks are expected to show scant underlying growth when they report first-half earnings in coming weeks.
Africa’s US sales more important than deal
African nations exporting to the US under a deal should boost sales rather than pushing to extend the agreement, US trade representative Ron Kirk.
Africa’s upwardly mobile money
To 28-year-old Kenyan Mary Wanjiku, her cellphone is not just a cellphone. It is also a cheap, safe and easy way of sending her mother .
Somali pirates hijack British, Taiwan vessels
Pirates seized a British-owned ship and a Taiwan-registered fishing boat after taking three vessels last weekend, officials said on Tuesday.