April 13, 2021
  • April 13, 2021

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MTN to partake in lucrative S/Africa $335 mln telecoms contract

by on March 30, 2021 0
South Africa opened up a telecommunications contract to supply 1.2 million government employees, allowing arch-rivals MTN Group Ltd. and Vodacom Group Ltd. to share in the state business. MTN was added to the agreement previously awarded exclusively to Vodacom in 2016, according to a statement on Tuesday. READ THIS ALSO: Top Nigeria security officials, others stash away $400... Read More

Access Bank acquires S/Africa’s Grobank for $60 mln ~CEO

by on March 30, 2021 0
Nigeria’s Access Bank Plc has paid $60 million to acquire a stake in South Africa’s Grobank, its chief executive said on Tuesday, to become the first Nigerian lender to venture into South Africa’s financial market. Access Bank invested both equity and debt in the South African bank, part of a regional expansion to tap... Read More

South Africa out of recession as economy rebounds in Q3

by on December 8, 2020 0
* S/Africa GDP Far From Pre-Covid Levels Even as Recession Ends * GDP expands 66.1% in Q3 South African Gross Domestic Product (GDP) expanded an annualized 66.1 percent in the three months through September recovered from the previous quarter following a 51.7 percent decline in the second quarter, Statistics South Africa said Tuesday. The... Read More