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  • $50-billion’s loan portfolio for BRICS’ New Development Bank

    The newly-launched New Development Bank, an initiative of BRICS (Brazil, Russia, India, China and South Africa), will initially provide loans to the value of US$50 billion, reports from Johannesburg said this week. This amount highlights the potential the institution will offer to discover new sources of economic growth for the various nations, Charles Brewer, MD [...]

South Africa’s poverty, disability to be debated at a Johannesburg seminar

South Africa might be Africa’s richest nation and second-biggest economic powerhouse behind Nigeria, but at least 45% of its population is poor, and struggling to make ends meet. The country also boasts quite a number of disabled people who seem to be marginalised, and denied of work and business opportunities that could have improved their lives, [...]

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FNB’s delight as pre-paid electricity sales increase

South Africa’s First National Bank (FNB) said its prepaid electricity purchases have experienced a surge as new municipalities across the country were being added to its distribution and consumers adopt the method as an adequate way of controlling their electricity bills. “Our electricity sales have seen a strong year-on-year growth of 59% as consumers become [...]

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Business Partners launches $30 million fund to support Southern Africa SMEs

Struggling small and medium enterprises (SMEs) owners operating in Malawi, Namibia and Zambia might have found the arm shot they were looking for to reinvigorate their businesses, thanks to the launch by Business Partners International (BPI) of a $30 million (R310 million) fund to support Southern African small businesses. The fund has been launched to [...]

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South African Airways may buy stake in Togo’s Asky Airlines

South African Airways (SAA) may be considering buying a stake in Togo’s Asky Airlines now that the West African carrier said it was open to offers by investors seeking a stake, reports from Johannesburg have suggested. “Any purchase of shares is highly welcome by any individual or organisation,” Bloomberg quoted Asky spokesperson Asalifou Traore as [...]

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