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 | ANAIT MIRIDZHANIAN AND JOE BAVIER read |
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 | | Africanbank Group reported a net profit of R203m, a 38% increase in customers to 5.7 million, and a 40% reduction in impairments...read |
|  | | South Africa's 2024 election results, with the ANC losing its majority, have caused market volatility and economic uncertainty, urging cautious investor strategies...read |
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 | Global food inflation, though easing, faces challenges with prices of commodities like cocoa, surging due to supply issues, risking wider inflation... Read |
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| |  | KATJA HAMILTON African Bank's IPO journey reflects resilience, adaptability, and expansion, transitioning from micro-lender to retail and commercial bank, fortifying industry presence... Read |
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| Finance |
 | ISSUED BY ORNICO Ornico, a leading research and brand intelligence company, has conducted an extensive study on major banks and insurance institutions in 2023. The resulting report sheds light on marketing, advertising, communications, and social media activities during that period... Read |
| Accounting & Auditing |
 | SASHA GOVENDER CA(SA), ISSUED BY SAICA The International Accounting Standards Board (IASB) released an Exposure Draft (ED) in November 2023 to address ambiguities in IAS 32 and to enhance comparability in financial statements... Read |
 | MADELIE OLIVEY CA(SA, ISSUED BY SAICA To improve the information available to investors about business acquisitions, the International Accounting Standards Board (IASB) has issued an Exposure Draft (ED)... Read |
| Banking |
 | The Group's results for the financial year ending 31 December 2023 showed remarkable strength and resilience, surpassing the previous year's performance... Read |
 | Standard Bank won the Leading Sustainable Bank award from African Banker Magazine for its impactful ESG efforts and commitment to sustainable finance... Read |
| Economy |
 | South Africa's pivotal 29 May election is poised to shape its economic future, with potential coalitions influencing growth, investment, and governance amid global uncertainties... Read |
 | In 2024, over 20% of the global population will vote in 40+ elections, increasing market volatility... Read |
| Financial Services |
 | As card device penetration grows in South Africa’s townships, rural and peri-urban areas it is changing consumer behaviour... Read |
 | ISSUED BY EQVEST In May 2023, the Mzanzi Media and Entertainment Fund (MMEF) was launched with a mission to transform South Africa's media and entertainment landscape... Read |
 | With the Revenue Laws Amendment Bill signed on 1 June, the Pension Funds Amendment Bill is imminent, confirming the Two-Pot retirement system roll-out on 1 September... Read |
 | PayShap hits 30 million transactions since March 2023 launch, valued at R19.5bn, driving real-time payment adoption and financial inclusion in South Africa... Read |
 | Crossgate Technologies achieves Level 1 B-BBEE status and wins an EMV card production and distribution contract, enhancing its market position and growth... Read |
| Fintech |
 | Dubai Internet City showcased homegrown entrepreneurial excellence at GITEX Africa in Morocco; The globally influential tech hub has led the Middle East’s digital transformation drive for 25 years... Read |
| Markets & Investment |
 | In light of South Africa’s General Election, Old Mutual advises investors to stay resilient, avoid hasty decisions, and maintain long-term strategies... Read |
 | The MPC kept interest rates at 8.25% (repo) and 11.75% (prime), disappointing South Africans... Read |
 | Seeff critiques the Reserve Bank's decision to maintain the high interest rate, which stifles economic growth and property investment... Read |
 | RAYMOND PARSONS The Sarb's MPC kept interest rates unchanged for the sixth time this year, predicting balanced inflation risks and maintaining a 1.2% GDP growth forecast for 2024... Read |
 | The prospect of South Africa's first post-apartheid coalition government may unsettle markets, but a pro-business Democratic Alliance deal could reassure investors... Read |
| Africa |
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 | SHAN RADCLIFFE This Africa Month welcomed the launch of #AfricaJobsBoard - an online initiative run by non-profit Afrorama that aims to connect social impact jobseekers with opportunities and organisations across Africa... Read |
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| Business |
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 | ABY JOSE KOILPARAMBIL Woolworths said it expected annual earnings to be more than 20% lower than the prior year, partly impacted by the sale of its David Jones business and consumers cutting down on discretionary spending... Read |
 | South African pharmacy chain Dis-Chem Pharmacies reported a 1.6% decline in full-year earnings on Friday, and declared a final dividend of 22.49%... Read |
 | JENNIFER RIGBY AND LUDWIG BURGER BioNTech secures $145m for Africa vaccine production. Plans to combat diseases like malaria. Cepi accelerates Kigali plant; emergency response ready... Read |
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