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South African Bank FNB Recognized As Africa's Most Innovative Bank

AFKInsider - 26 minutes ago
Major South African banking institution, First National Bank (FNB), has been named as Africa's most innovative bank at the 2017 African FinTech Awards for the second consecutive year. The bank was awarded the The Most Innovative African Bank accolade...

South Africa ICT Enterprise Spend in Healthcare 2016-2017

Forecast to 2019 - 45 minutes ago
The focus of this research is to understand the key areas of IT spend within the healthcare sector in South Africa with the objective of highlighting key areas of opportunities for the IT Service providers. The objective is to provide an overview of ...and...

South Africa: Minister Tokozile Xasa

Launch of Gauteng Tourism Monitors Programme - 1 hour ago
I am delighted to be here at this crucial launch event of something that we are all so excited about and an initiative that carries the hope for our tourism industry, hope for our young people, our entrepreneurs, various vertical businesses and broadly...

Sepio Systems Implements Data Security Overhauls In Top Financial Institutions

Business Wire (press release) - 1 hour ago
... Md.--(BUSINESS WIRE)--Today Sepio Systems, a pioneer in securing organizations against cyber attacks via rogue hardware devices, announced partnerships with two major global banking institutions in the United Kingdom and South Africa to implement ...and...

Zuma's umpteenth reshuffle undermines confidence, growth

BUSA - 2 hours ago
Johannesburg – President Jacob Zuma's latest Cabinet reshuffle does little to inspire much needed business confidence and is undermining economic growth prospects, said Business Unity South Africa (BUSA). On Tuesday Zuma reshuffled his Cabinet for ...and...

Mobile PABX – a first for South Africa

Gears Of Biz - 3 hours ago
Reylo Group introduces Mobile PABX, powered by MTN, launching for the first time in South Africa. Reylo Mobile PBX is designed to provide Corporate and SMEs with business grade telephony features, on a true Fixed Mobile Converged solution. It...

New FCA banner for South Africa

Citizen - 3 hours ago
Fiat Group Automobiles South Africa and Chrysler South Africa, responsible for the sales and after-sales business of the Abarth, Alfa Romeo, Fiat, Fiat Professional, MOPAR, Chrysler, Jeep and Dodge brands, and have existed side-by-side in the South ...and...

McKinsey apologizes for errors in South Africa corruption scandal

The Globe and Mail - 5 hours ago
The company admits it might have to give back $78-million (U.S.) in controversial payments from Eskom, the South African electricity monopoly, which is facing a parliamentary inquiry for its close connections to the Gupta brothers, the business family ...and...

South Africa: Collusion in Business Condemned

AllAfrica.com - 5 hours ago
Deputy President Cyril Ramaphosa has condemned contractors who thrive in business as a result of collusion. "Collusion and anticompetitive behaviour is a form of corruption that undermines the proper management of public resources and undermines ...and...

OPINION: We must win the war on poverty

Independent Online - 5 hours ago
As argued earlier, smaller players are the casualties and in South African language, black small players. The scenario, even in 2017, is that formal black businesses, are a mere 10 to 15percent of the formal sector as the past perpetuates itself. Most...

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Parliament legal adviser questions R3bn SAA bailout

Fin24 - 11 minutes ago
According to the PFMA, after invoking Section 16 of the act, the minister of finance must refer the matter to the office of the Auditor General within 14 days. Lees said in a statement on Tuesday that the adviser's the legal opinion “confirms our ...and...

SCA spy tapes ruling should raise investor confidence

Gigaba - 38 minutes ago
JOHANNESBURG - Finance Minister Malusi Gigaba says the reinstatement of corruption charges against President Jacob Zuma reaffirms the independence of South Africa's courts and this should raise investor confidence. Gigaba was in Washington as part ...and...

'We are not closing the door on SAA,' PIC's chief Dan Matjila tells MPs

Business Day - 1 hour ago
The Public Investment Corporation (PIC) is not ruling out assisting the embattled South African Airways (SAA)‚ but the cash-strapped airline will have to meet its criteria. PIC CEO Dan Matjila told members of Parliament's standing committee on finance ...and...

Airbnb Africa arrivals more than double to 1.2 mln

AOL - 2 hours ago
JOHANNESBURG (Reuters) - U.S. short-term rental service Airbnb Inc registered 1.2 million guest arrivals in Africa last year driven by the plugged-in millennial generation, its senior official said on Tuesday. Airbnb has shaken up the market for travel ...and...

S. African president announces cabinet reshuffle

Xinhua - 2 hours ago
On March 31, Zuma reshuffled the cabinet, sacking Finance Minister Pravin Gordhan and several other ministers. The move rattled the financial market and prompted international rating agencies Standard & Poor's and Fitch to downgrade South Africa's ...and...

Legal opinion confirms Gigaba's SAA action was illegal – Alf Lees

Politicsweb - 3 hours ago
The legal opinion on the use of Section 16 of the Public Finance Management Act (PFMA) by Finance Minister, Malusi Gigaba, to bail out South African Airways (SAA) to the tune of R3,0 billion, confirms our belief that it was not lawful. The Auditor ...and...

Yet another looming financial crisis

Namibia Economist - 3 hours ago
A large majority of developing countries, notably those in Latin America, Africa and South Asia, have negative net asset positions (their external liabilities exceeding external assets by a large margin). Most of them are now running current account...

Guptas: We weren't careful enough

McKinsey - 4 hours ago
The investigation included collecting 2.4 million emails; reviewing hundreds of thousands of documents, including contracts, invoices, payments, telephone, personal email, and financial records; and conducting over 60 interviews. Now, as this ...and...

A letter to union trustees and the parliamentary committee on finance: GEPF and PIC are not to be touched

Daily Maverick - 4 hours ago
The appointment of David Mahlobo as the Minister of Energy reinforces the perception that government is intent on pushing the flawed Nuclear Deal ahead, in spite of public opposition; this is a project that has nothing to do with South Africa's energy ...and...

McKinsey apologizes for errors in South Africa corruption scandal

The Globe and Mail - 5 hours ago
Global consulting firm McKinsey & Co., headed by a top adviser to Finance Minister Bill Morneau, has apologized for "errors of judgment" in its business dealings with corruption-tainted firms in South Africa. The company admits it might have to give ...and...

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Banco Santander Brasil SA (BSBR) Upgraded to Strong-Buy at Zacks Investment Research

StockNewsTimes - 2 hours ago
Zacks Investment Research currently has $11.00 price objective on the bank's stock. According to Zacks, “Banco Santander, S.A. is a retail and commercial bank. The Banks segments include Continental Europe, the United Kingdom, Latin America and the ...and...

Spark Therapeutics, Inc. (ONCE) Given a $101.00 Price Target at SunTrust Banks, Inc.

The Ledger Gazette - 2 hours ago
SunTrust Banks, Inc. set a $101.00 price target on Spark Therapeutics, Inc. (NASDAQ:ONCE) in a research report released on Monday. The brokerage ... BNP Paribas Arbitrage SA lifted its position in Spark Therapeutics by 530.1% during the 2nd quarter.and...

Banco Santander, SA (NYSE:SAN) Raised to Buy at Zacks Investment Research

The Ledger Gazette - 4 hours ago
Zacks Investment Research upgraded shares of Banco Santander, S.A. (NYSE:SAN) from a hold rating to a buy rating in a research report sent to investors on Wednesday, October 4th. Zacks Investment Research currently has $7.75 price target on the bank's ...and...

Credit Suisse's Rabble-Rouser Deserves a Proper Hearing: Gadfly

swissinfo.ch (blog) - 4 hours ago
(Bloomberg Gadfly) -- Shareholder activism is increasingly a fact of life for European companies, from Nestle SA to Danone SA, as wannabe Gordon Gekkos push managers to work harder at a time of economic recovery and cheap debt. Banks, kept on a...

Banco Santander SA (BNC) to Issue Dividend of €0.04 on November 3rd

Week Herald - 5 hours ago
Banco Santander SA logo Banco Santander SA (LON:BNC) declared a dividend on Tuesday, August 1st, Upcoming.Co.Uk reports. Shareholders of record on Wednesday, October 18th will be given a dividend of €0.04 ($0.05) per share on Friday, November 3rd. This ...and...

Cellectis' (CLLS) Hold Rating Reiterated at SunTrust Banks, Inc.

Dispatch Tribunal - 5 hours ago
Cellectis logo Cellectis S.A. (NASDAQ:CLLS)'s stock had its “hold” rating restated by stock analysts at SunTrust Banks, Inc. in a report issued on Friday, October 6th. They currently have a $20.00 price objective on the biotechnology company's stock ...and...

Banco Santander, SA (SAN) PT Set at €6.80 by Morgan Stanley

TrueBlueTribune - 6 hours ago
Deutsche Bank AG set a €6.60 ($7.76) price objective on shares of Banco Santander, and gave the company a “buy” rating in a research report on Tuesday, September 26th. Societe Generale set a €6.90 ($8.12) price objective on shares of Banco Santander, ...and...

ANALYSIS: What can Discovery's bank do for SA?

Independent Online - 11 hours ago
The South African Reserve Bank has granted provisional licences to Tyme and the South African Post Office (Sapo), which is looking at taking over the multi-billion-rand government contract to distribute social grants to 17million South Africans from ...and...

Banco Santander Brasil SA (BSBR) Rating Increased to Strong-Buy at Zacks Investment Research

Week Herald - 17 hours ago
Banco Santander Brasil SA (NYSE:BSBR) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research note issued on Monday. The firm currently has a $11.00 price target on the bank's stock. Zacks Investment ...and...

Brokers Release Average Price Target Of 25.50 On Banco Santander, SA (NYSE:SAN)

UK Market News - 21 hours ago
According to the most recent research notes issued by analysts 1 analyst has outstanding research reports on Banco Santander, S.A. (NYSE:SAN), whilst 0 of which rate the stock “Buy”, 0 “Outperform”, 0 “Underperform”, 0 “Sell”, while 1 “Hold”. ... The ...and...

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AABLA Southern Africa winners announced

CNBCAfrica.com - 3 hours ago
On the September 29th, The 7th All Africa Business Leaders Awards (AABLA™) in partnership with CNBC Africa announced the winners of the Southern Africa leg at the Johannesburg Stock Exchange (JSE) in Sandton. VIP guests joined the Southern...

Another (almost) record breaking day on the JSE

Independent Online - 7 hours ago
JOHANNESBURG - South Africa's stock market reached unprecedented highs yesterday after the Johannesburg Stock Exchange's (JSE) all share index briefly flirted with an all-time high of 58321 points with gold stocks leading the surge at 3.7%...

UPDATE 1-S.African main stock index chalks up record high, Group Five in demand

Reuters - 23 hours ago
JOHANNESBURG, Oct 16 (Reuters) - South Africa's main stock indexes reached record highs on Monday, tracking a rally in major overseas markets, with Group Five surging more than 20 percent after the builder received an offer for its European businesses ...and...

Brainworks the first Zimbabwean company to list on JSE

African Independent - 1 day ago
Its current investments include controlling stakes in two companies listed on the Zimbabwean Stock Exchange (ZSE): African Sun, a hospitality management company and Dawn Properties, a real-estate investment holding, development and property ...and...

A2X to give older rivals a run for their money

Business Day - 2 days ago
It is perhaps unfair to compare A2X with 4Africa and ZAR X. As Brady has previously said, the stock exchange is gunning for the JSE's top 40 or 60 companies. "We have extended our target market to the top 100 largest companies listed on the JSE." Asked...

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