Helen Nyambura Mwaura
latest news & developments
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.
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.
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.