Tag Archives: South Africa

The most complained-about banks in South Africa (BT)

The Ombud for Banking Services (OBS) says banking disputes regarding current accounts and internet banking remain high, despite banks making a greater effort to resolve consumer complaints internally. In the OBS Annual Report 2022, Reana Steyn, Ombudsman for Banking Services, said that 2022 significantly differed from the prior two years. “As Covid-19 gradually loosened its […]
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Sasol still awaits approval to sell cyanide business (Moneyweb)

Competition Tribunal weighing effects of selling mining industry’s only producer of ‘a critical input’ to a Czech firm. South Africa’s competition authorities still have not yet approved the 2021 sale of Sasol’s sodium cyanide business. The Competition Commission (CompCom), concerned that the sale of the country’s only producer of sodium cyanide will harm the local […]
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Which of SA’s big banks will finish the year strongest? (Moneyweb)

South Africa’s banking earnings season has come and gone and market watchers are now peeling their eyes to see which of the country’s big six lenders, faced with a myriad of economic headwinds, will finish the year in a strong position. Bank profits have been healthy so far, with some delivering record headline earnings and […]
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Nedbank sees R10bn pipeline of green energy projects (Moneyweb)

SA still has enormous potential, despite the ‘material challenges in the short-to-medium term,’ says the bank’s CEO. Nedbank has increased its green finance pipeline to more than R10 billion as more South African businesses invest in private power generation after the government lifted restrictions to help resolve the country’s energy crisis. There are very strong […]
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Led by China, India, the 5 BRICS nations now contribute more to world GDP than industrialised G7 (ThePrint)

BRICS countries overtook G7 in 2020 by making up a larger share of global GDP in PPP terms, with China & India respectively in second and third positions globally that year. New Delhi: The Covid-19 pandemic served as a watershed moment in several ways, including marking the point when the global economic power dynamic changed in […]
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New GIBS article: Cannabis industry plans for South Africa have stalled By Motshedisi Mathibe (Moneyweb)

South African President Cyril Ramaphosa recently reiterated plans to accelerate the commercialisation of hemp as well as cannabis plants. His speech setting out government’s priorities for 2023 was a reminder of a pledge in 2022 – also in his state of the nation address – that the government would mobilise investment in the hemp and cannabis sectors. In his speech, […]
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Importance of agri tech in farming today (IOL)

South Africa’s agriculture is currently faced with an array of challenges ranging from the high cost of production as inputs costs are high, lower output prices for many horticultural commodities, failing local infrastructure, high shipping and freight costs and recently continued accelerated load shedding. Land Bank, the agricultural industry and key stakeholders are particularly concerned […]
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IMF Warns South Africa economy risks stagnation(EN)

JOHANNESBURG – South Africa’s growth is set to decelerate sharply this year due to power cuts and the economy risks stagnation, the International Monetary Fund warned Wednesday. The near-term growth outlook for Africa’s most industrialised economy has deteriorated, an IMF team said after a visit to the country. “South Africa’s economic and social challenges are […]
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Power cuts are hurting small businesses in South Africa – but sharing resources and equipment might be a solution (Polity)

Worldwide, small and medium enterprises (SMEs) are seen as the backbone of a thriving economy. They make up a substantial portion of the total number of companies and are estimated to contribute over 87% of all jobs globally. A recent World Economic Forum report showed that major disruptions affect the value chain of SMEs significantly more than they affect larger enterprises. […]
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Africa Agri Tech: Where SA has missed the boat (FoodforMzansi)

The general consensus in the room on the final day of Africa Agri Tech is that the future of South African agriculture is bright. But the country’s farmers can do better in taking advantage of all the opportunities out there to anticipate future events. There was no shortage of inspiration and innovation at the 2023 […]
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