The five people who saved South Africa’s economy from collapse

A small group of five people who implemented Operation Vulindlela saved the South African economy from collapse at the end of 2022 and early 2023. Operation Vulindlela was kickstarted by former Finance Minister Tito Mboweni in 2020 to unleash South Africa’s economy by driving reforms in key sectors such as electricity, logistics and broadband spectrum. [...]

By |2024-07-09T05:21:53+00:00July 9th, 2024|Finance News|Comments Off on The five people who saved South Africa’s economy from collapse

First-Time Home Buyer Mortgage Showdown: Absa vs FNB vs Nedbank vs Standard Bank

We compared South Africa’s ‘big four’ banks—Absa, FNB, Nedbank, and Standard Bank—offer first-time home buyers as they compete for a share of the smaller home loan market amid the rising cost of living and high interest rates. According to Rhys Dyer, CEO of Ooba Group, in Q1 2024, the volume of home loan applications processed [...]

By |2024-07-02T06:23:01+00:00July 2nd, 2024|Finance News|Comments Off on First-Time Home Buyer Mortgage Showdown: Absa vs FNB vs Nedbank vs Standard Bank

Where to invest in South Africa: Woolworths vs Pick n Pay vs Spar vs Shoprite

The election results have buoyed South African retailers, with Shoprite seen as the best of the bunch. According to Hashmeel Suka, Investment Analyst at FNB Wealth and Investments, the mood in South African markets has been improving amid growing political confidence, leading to increased local and foreign investment. With the announcement of the Government of [...]

By |2024-06-25T06:19:02+00:00June 25th, 2024|Finance News|Comments Off on Where to invest in South Africa: Woolworths vs Pick n Pay vs Spar vs Shoprite

SA’s biggest green hydrogen project woos Japanese investors

Hive Hydrogen South Africa is seeking to lure some of Japan’s biggest companies to invest in a $5.9 billion green ammonia project. Senior officials from units of Mitsubishi UFJ Financial Group Inc., Itochu Corp., Mitsubishi Heavy Industries Ltd. and Mitsui OSK Lines Ltd. will visit the proposed site of the plant in Eastern Cape province [...]

By |2024-06-19T06:12:33+00:00June 19th, 2024|Finance News|Comments Off on SA’s biggest green hydrogen project woos Japanese investors

SA’s largest oil refinery sold for a few cents: Will BP and Shell be held accountable for environmental damage?

By Llewellyn Leonard* The sale of the South African Petroleum Refinery (Sapref), jointly owned by multinational energy companies BP and Shell, to the state-owned Central Energy Fund for R1 (five US cents) raises questions about whether the company is evading its social and environmental liabilities. The Sapref refinery was commissioned (began operating) in 1964 in the port city of [...]

By |2024-06-11T06:05:36+00:00June 11th, 2024|Finance News|Comments Off on SA’s largest oil refinery sold for a few cents: Will BP and Shell be held accountable for environmental damage?
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