David Dolan
latest news & developments
SA spaza shops struggle under large retailers
Spazas are a major component of the informal economy, but big retailers’ push into townships to target rising consumer spending is setting them back.
Government’s dithering strike response spooks investors
Wildcat strikes in the platinum belt have entered a sixth week with no resolution in sight and investors are beginning to grow concerned.
Africa: The place to be for booming private equity
More private equity investors are flocking to Africa, drawn by the prospect of outsize returns due to the continent’s stunning potential.
MTN shares slide amid bribery scandal
Shares in MTN Group have slid after rival Turkcell filed a lawsuit against the mobile operator, alleging it bribed officials to win an Iranian bid.
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.
Standard Bank profit drops on weak demand
Standard Bank reported its third straight decline in annual profit on slack demand for loans and said it owuld continue to keep a lid on costs.
Absa tops consensus as bad debts fall
Absa, the SA bank majority owned by Barclays, surpassed market expectations with a slight upturn in full-year earnings on Tuesday.
FirstRand full-year profit rises
South African bank FirstRand posted a 34% rise in full-year profit, helped by a recovery in bad debts and investment banking.