Business

Government welcomes Moody’s upgrade to positive outlook

Government has welcomed Moody’s Investors Service decision to revise South Africa’s sovereign credit rating outlook to positive from stable, while affirming both domestic and...

Building Africa’s resilience against global economic storms

Africa is a continent rich in resources and human potential, but it has long been at the mercy of global economic winds. Our economies...

Elon Musk’s SpaceX discloses filing for blockbuster IPO

SpaceX's filing with US regulators was revealed on Wednesday, laying out plans for what could become the largest initial public offering in history as...

NCC refers FlySafair to tribunal over overbooking practices

The National Consumer Commission (NCC) has referred Safair Operations (Pty) Ltd, trading as FlySafair, to the National Consumer Tribunal over alleged overbooking of flights,...

Visa launches controlled testing for AI-powered payments

Global payments company Visa has introduced a new international initiative aimed at helping banks and payment providers prepare for a shift towards AI-driven, agent-led...

Casino of the year Sun City flags ‘delicate balance’ in gaming...

Amid the jubilation and celebrations held this week after the Sun City Casino was named the Casino of the Year, resort manager Brett Hoppe...

Lafarge integration costs hit Afrimat’s profits

Mining and materials group Afrimat’s latest annual results have shown a business growing at the top line but under pressure at the margin level...

Investec private banking expansion targets R3bn profit in SA by 2030

Specialised international bank and wealth manager Investec has announced a new growth strategy for its private client franchise, with South Africa positioned as the...

Investec warns Middle East war raises risks for SA outlook

Investec, an international specialist bank and wealth manager, has flagged growing geopolitical tensions, stubborn inflation, and rising fuel costs as risks to weigh on...

Ghana, Rwanda, and Zambia nurture dream of a single African digital...

Ghana, Rwanda, and Zambia are testing a unified digital trade corridor that allows cross-border payments to move instantly across African financial systems. The shift...