FINANCE

FINANCE

Stay informed with the latest updates from South Africa and around the world. Our news section covers a wide range of topics including politics, social issues, crime, environment, global affairs, and human interest stories.

Governor calls for credit rating review as SA’s fiscal outlook improves

Kganyago made the remarks during the virtual SA Tomorrow Investor Conference hosted by the Johannesburg Stock Exchange.||Kganyago made the remarks during the virtual SA Tomorrow Investor Conference hosted by the Johannesburg Stock Exchange.

Sudanese Pound sheds nearly two-fifths of its value following de facto embargo on flights

The Sudanese Pound has shed nearly two-fifths of its value after a de facto embargo on flights from the army’s wartime capital Port Sudan, into the United Arab Emirates (UAE) disrupted the vital gold trade||The Sudanese Pound has shed nearly two-fifths of its value after a de facto embargo on flights from the army’s wartime capital Port Sudan, into the United Arab Emirates (UAE) disrupted the vital gold trade

SA’s Port of East London begins long-awaited $8 million redevelopment project

The Port of East London in South Africa’s (SA) Eastern Cape province, has officially received the contracts to commence renovations, marking a significant milestone in the long-awaited redevelopment project||The Port of East London in South Africa’s (SA) Eastern Cape province, has officially received the contracts to commence renovations, marking a significant milestone in the long-awaited redevelopment project

SA showcases economic resilience at Investor Conference

The conference provides a platform for global investors to engage with government and business leaders on current policy developments and market fundamentals shaping SA’s investment landscape.||The conference provides a platform for global investors to engage with government and business leaders on current policy developments and market fundamentals shaping SA’s investment landscape.

Nigerian fintech giant Moniepoint raises $200 million to expand digital services

Nigerian fintech firm Moniepoint Inc. said on Tuesday it had raised more than $200 million in a funding round led by Development Partners International, as it seeks to expand its digital financial services across Africa and beyond.||Nigerian fintech firm Moniepoint Inc. said on Tuesday it had raised more than $200 million in a funding round led by Development Partners International, as it seeks to expand its digital financial services across Africa and beyond.

Coca-Cola HBC acquires majority stake in Coca-Cola Beverages Africa for $2.6 billion

Coca-Cola HBC AG has announced the acquisition of a 75% stake in Coca-Cola Beverages Africa (CCBA) from The Coca-Cola Company (TCCC) and Gutsche Family Investments (GFI) for a total of $2.6 billion, valuing CCBA at $3.4 billion. ||Coca-Cola HBC AG has announced the acquisition of a 75% stake in Coca-Cola Beverages Africa (CCBA) from The Coca-Cola Company (TCCC) and Gutsche Family Investments (GFI) for a total of $2.6 billion, valuing CCBA at $3.4 billion.