Discovery’s R15 billion bet begins to pay off
Discovery’s R15 billion investment in its bank is beginning to pay off, with the bank being profitable for the past six months and continuing to grow rapidly.
Finance
JSE-listed company bets big on Bitcoin
Altvest Capital is looking to change its name to The Africa Bitcoin Corporation as part of the group’s plan to become Africa’s first Bitcoin Treasury company.
Read MoreSPAR pays R680 million to exit international business
SPAR is selling its Swiss business as part of a massive restructuring that has seen the group exit several markets in Europe, but it is paying close to R700 million upfront to exit the business.
Read MoreWoolworths fraud warning
Woolworths Financial Services has warned its customers about the alarming rise in fraud incidents, urging them to be vigilant against increasingly sophisticated scams.
Read MoreTransnet’s R130 billion investment spree
South Africa’s state-owned ports and railway operator Transnet plans to invest nearly R130 billion on infrastructure projects over the next five years as it presses ahead to improve performance.
Read MoreOne company pays South Africans R5 million a day
Standard Insurance, the short-term insurance arm of Standard Bank, pays out R5 million on an average day in claims.
Read MoreFNB fraud warning
FNB warned the public about a fraud that involves criminals selling FNB Business Accounts to individuals who reside outside the borders of South Africa, particularly in Zimbabwe and Mozambique.
Read MoreCell C prepares for JSE listing
Blue Label is restructuring in preparation for Cell C’s proposed unbundling and separate listing on the JSE.
Read MoreHow female leaders are reshaping Cape Town's multi-billion property market
With billions of rands flowing into residential and commercial property investment in the Cape Town city centre post-Covid, it’s clear that there’s no stopping the rejuvenation of the Mother City – and women are emerging as key players in the property landscape.
Read MoreSARB to shut down South African bank
The South African Reserve Bank (SARB) has applied for the liquidation of Ditsobotla Primary Savings and Credit Co-operative Bank Limited (DCB) at the High Court.
Read MoreTrouble for South Africans earning more than R40,000 a month
New salary data from BankservAfrica shows that fewer salaries are being paid over R40,000 a month, pointing to increased job losses among higher earners in South Africa.
Read MoreStandard Bank’s crown jewel shooting the lights out
Standard Bank’s prestigious Corporate and Investment Banking (CIB) division continues to grow strongly and now contributes over half of the group’s headline earnings.
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