(Bloomberg) — South African life insurers settled claims worth 47.6 billion rand ($3.3 billion) in the year through March after the deaths of more than one million policyholders. The death toll represents an increase of 309,733 from the same period a year earlier, the Association for Savings and Investment South Africa said in a statement …
Life Insurers Pay Out Billions as South Africa Deaths Spike Read More »
(Bloomberg) — British American Tobacco Plc sees South Africa failing to meet tobacco excise revenue targets after a lengthy ban on the sale of the products swelled illegal sales. The country will probably generate 11.5 billion rand ($791 million) in duties from cigarettes and related products in the year through March 2022, the company’s East …
South Africa Tobacco Tax Shortfall Likely After Sales Ban, BAT Says Read More »
(Bloomberg) — South Africa’s state-owned power utility posted a fourth consecutive annual loss as it continued to service a mountain of debt, repaired aging plants and lost electricity revenue because of a drop in demand caused by the coronavirus pandemic. Eskom Holdings SOC Ltd.’s loss narrowed to 18.9 billion rand ($1.31 billion) in the year through …
South Africa’s Eskom Reports Fourth Straight Loss as Debt Eases Read More »
For many years Nairobi, Kenya led Africa’s tech start-up explosion but over the last while the focus has shifted to the west in Lagos, Nigeria where more than $1billion in venture capital funding has been invested from Silicon Valley to China and all over the world, reports the Financial Times. Just one example of the …
Electronic payments boost Nigeria’s start-up scene Read More »
Mobile operator giant MTN is watching the unfolding situation in Afghanistan very closely and continue to consider exiting the country now that the Taliban have retaken control of the country according to a Fin24 report. MTN has been the largest mobile operator in Afghanistan since launching there in 2006 but wants to imminently exit the …
MTN wants to exit Afghanistan following the Taliban takeover Read More »
