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News
Lesaka targets three-million customers by 2029
5+ hour, 52+ min ago (135+ words) businessday.co.za Lesaka targets three-million customers by 2029 The fintech group looks to accelerate growth through acquisition of Bank Zero Story audio is generated using AI Fintech group Lesaka Technologies is targeting three-million consumer customers by 2029 as it looks to…...
OSAGYEFO MAZWAI | SA’s growth story must be built to endure
2+ day, 20+ hour ago (356+ words) A few weeks ago Reserve Bank governor Lesetja Kganyago delivered what should be a deeply consequential speech for South African economic policymakers and stakeholders. In his principal and vice-chancellor public lecture on leadership engagement at the University of South Africa,…...
ECB raises interest rates to beat back energy-fuelled inflation
2+ day, 22+ hour ago (326+ words) Frankfurt — The European Central Bank (ECB) raised interest rates on Thursday to cool inflation that is being fed by high oil prices from the Iran war. The decision was supported by a stronger-than-expected economy, which suggests businesses can weather the…...
Transnet breaks loss-making curse with R4.6bn profit
2+ day, 23+ hour ago (315+ words) State-owned freight and rail group Transnet reported a R4.6bn profit for the year ended March from a loss of R1.9bn in the previous year — its first profit in four years as reforms takes shape. The group’s revenue increased 7.1% to R88.6bn, tracking improved rail…...
Pan African expects HEPS to nearly triple on higher gold price
3+ day, 1+ hour ago (258+ words) Pan African Resources expects its full-year HEPS to almost triple, supported by higher gold prices and a rise in the amount of metal sold. The gold producer said in a trading statement on Thursday that HEPS was expected to be…...
Cosatu urges TFG to halt closure of 280 stores
3+ day, 1+ hour ago (594+ words) Cosatu has called on The Foschini Group (TFG) to reconsider its decision to cease operations at 280 African outlets over the next three financial years, saying this would relegate many workers to the unemployment lines. It said the group had cited…...
South Africa’s current account swings to R205.5bn deficit in second quarter
3+ day, 2+ hour ago (464+ words) South Africa’s current account switched to a deficit of R205.5bn in the second quarter of 2026 after recording a downwardly revised surplus of R181.6bn during the first quarter, the South African Reserve Bank said on Thursday. As a ratio of GDP, the current…...
Central Energy Fund sets out plan to restore refining at former Sapref site
3+ day, 4+ hour ago (437+ words) The Central Energy Fund (CEF) has laid out a three-phase plan to revive refining at the former South African Petroleum Refineries (Sapref) site in Durban, starting with the use of existing storage and transfer infrastructure to import finished petroleum products....
SASHA STEVENSON | Activism at risk if health workers such as Mofokeng are silenced
3+ day, 4+ hour ago (578+ words) Kamohelo Chauke asks why Section27 has represented Tlaleng Mofokeng, an accomplished doctor and, until July, UN special rapporteur on health, in her defence against a complaint made to the Health Professions Council of South Africa (HPCSA) (“Section27’s troubling choice in representing…...
Investing book links egg prices to market psychology
3+ day, 8+ hour ago (440+ words) If you’ve ever wondered what the price of eggs has to do with investing, Risk & Reward: How to Handle Market Volatility and Build Long-Term Wealth by Ben Carlson is a worthwhile read. This is Carlson’s fifth book, and each one…...