News

Crude consumption has risen by around 500,000 barrels a day, according to CEO Amin Nasser Source link

Qatar Petroleum said the vessels will be built by Hudong-Zhonghua Shipbuilding Group Co., a subsidiary of China State Shipbuilding Corp Source link

Omani government declared a public holiday on Sunday and Monday ‘due to the adverse climate conditions’ Source link

Ismailia Investments, which focuses on frozen processed chicken and beef products, has a processing capacity of around 70,000 tons per year through its facilities and production lines Source link

About 4,500 tons of camel milk and associated products are produced annually and are among the UAE’s signature foods Source link

With Covid-19, came a flood of new telehealth (virtual consulting) healthcare solutions, exposing more patients to its benefits and features. More advertising, more awareness and more conversations have introduced telehealth to a broader public, and this can only be good for everyone. The question remains though, how do we create that trust in telehealth for

From helping transform one small boutique firm to a $14bn AUM giant, Mustafa Kheriba has now established Arithma Capital to become ‘a leading asset manager with an alternative approach’ Source link

The Skip Style Council heads to the boxing ring for the next session of this exciting visual podcast series packed with tips, hacks, and tricks to elevate your wardrobe. Titled True Champion, this week’s episode profiles actress and boxing queen Nicole Bessick who tells viewers about how she can juggle being a knockout in the

Economy Minister Abdulla Bin Touq says UAE has signed over 60 memorandums of understanding with Israel since normalising relations in 2020 Source link

The Skip Style Council heads to the boxing ring for the next session of this exciting visual podcast series packed with tips, hacks, and tricks to elevate your wardrobe. Titled True Champion, this week’s episode profiles actress and boxing queen Nicole Bessick who tells viewers about how she can juggle being a knockout in the

Fluence Capital, a financial and strategic advisory company, is now offering pro-bono support and guidance for South Africans facing the potential loss of their business due to the Covid-19 lockdown. Analysts expect the lockdown to result in massive job losses and business closures, with the International Labor Organization (ILO) increasing its job loss forecasts to

Sitecore will hold first standalone participation at GITEX where it will share Middle East innovations with a global audience Source link

Users can receive in-home tests, and certified wellbeing coaches, trained and qualified in behavioural health and nutrition, help better understand the wellbeing data Source link

Ahead of Cannes Yachting Festival, the boat and yacht maker has entered markets in Germany, Spain, the Netherlands and Portugal, among others Source link

Across the Expo site, dozens of checkpoints will ensure people provide a pass to enter, while visitors will have to wear masks and abide by stringent social distancing regulations. Sanitising stations will be scattered in every corner Source link

Arriving passengers must apply via the website of the Federal Authority for Identity and Citizenship (ICA), and complete the vaccination application in order to get the necessary approvals, in addition to presenting the approved vaccination certification upon departure for the UAE Source link

In a bid to kick start travel to South Africa from China, South African Tourism has announced the 2021 China Virtual Road Show & Virtual Fam to reconnect Chinese buyers with South African trade, from 13 to 17 September 2021. China is one of South Africa’s key source markets. This virtual tour aims to boost

South Africans are now able to breathe easier with the new RespiClear® Decongestant range from OBEL®. The range boasts steroid-free nebs, petroleum-free vapour rub and preservative-free drops for inhalation. All products are formulated with key essential oils, including eucalyptus and menthol, both with excellent anti-viral properties. The RespiClear® Decongestant Nebs are the first steroid-free nebules

State-controlled producer is working with an adviser as it explores raising new equity or debt for its vast Jafurah site Source link

Berlin Panorama opening film Flatland; SAFTA Best Soap nominee Arendsvlei; and Covid-19 lockdown doc United Apart SA FLATLAND | Stream now Flatland opened the 2019 Berlin Panorama, selling out all its screenings, and has a 91% critics rating on Rotten Tomatoes, with Variety calling the South African film “an exhilarating fusion of contemporary western and

Companies that prioritise their employees and do everything in their power to make them happy and motivated will be the winners in this new upcoming era Source link

Latest move welcomed amid expected boon for tourism and business in UAE Source link

As countries vie for these resources, there has been immense tension. Most notably, Egypt and Sudan have challenged Ethiopia’s decision to construct and fill the Grand Ethiopian Renaissance Dam. This is a huge project on one of the Nile’s main tributaries, the Blue Nile, which supplies more than 80% of the water reaching Egypt. Treaties

As countries vie for these resources, there has been immense tension. Most notably, Egypt and Sudan have challenged Ethiopia’s decision to construct and fill the Grand Ethiopian Renaissance Dam. This is a huge project on one of the Nile’s main tributaries, the Blue Nile, which supplies more than 80% of the water reaching Egypt. Treaties

More than 53 million digital payments were conducted during the first half of the year, according to data from the Central Bank of Bahrain Source link

The third instalment of the Africa Rising International Film Festival (ARIFF) is scheduled to take place virtually from 27-29 November 2020. True to the time, the 2020 edition will be both a virtual experience with one or two live experiences. Using film to create awareness and contribute to urgent conversations needed, and hopefully drive change,

“With constantly evolving regulatory and reporting requirements, SMEs are in a fix” Source link

Hala is the emerging insurtech start-up that pivoted from serving insurers to serving their customers Source link

JSE-listed Balwin Properties announced on Monday, 6 September, that it has secured shareholder approval for its Black Economic Empowerment (BEE) transaction led by Aobakwe Reginald Koketso Kukama. Aobakwe Reginald Kukama and Steve Brookes, Balwin Properties “I’ve been working on a suitable empowerment transaction since listing and Balwin is delighted with the shareholder support received to

The third instalment of the Africa Rising International Film Festival (ARIFF) is scheduled to take place virtually from 27-29 November 2020. True to the time, the 2020 edition will be both a virtual experience with one or two live experiences. Using film to create awareness and contribute to urgent conversations needed, and hopefully drive change,

As countries vie for these resources, there has been immense tension. Most notably, Egypt and Sudan have challenged Ethiopia’s decision to construct and fill the Grand Ethiopian Renaissance Dam. This is a huge project on one of the Nile’s main tributaries, the Blue Nile, which supplies more than 80% of the water reaching Egypt. Treaties

Arabian Business will be tapping into great knowledge and expertise of panelists at the next edition of its live events series – the AB Real Estate Forum – to be held at the JW Marriott Marquis on September 20, where we will be striving to reveal the current state-of-play within the industry Source link

UAE’s handling of coronavirus built up trust among incoming tourists; upcoming season will be ‘amazing’ for the emirate’s hotel and hospitality sector, said Raffles the Palm MD Source link

ServeU to meet the demands of facilities covering a total area spanning 30,000 sq m of the Expo 2020 site with a team of 300 Source link

The good news is that there is still a sliver of hope to help communities respond to this threat through well-informed, solid and sustained actions Source link

First three hotels to open in Jeddah and Riyadh by the end of this years in deal with Saudi-based travel major Seera Source link

The alleged loss of some $3.6bn bitcoin through Africrypt investment company brings home just how risky this asset class truly is. Such incredible loss, though unfortunately not yet falling under the FSCA’s direct responsibility is likely to impact the velocity of crypto-asset regulatory development. Richard Rattue, managing director of Compli-Serve SA The recent announcement by

ACWA Power announces plan for initial public offering of 81,199,299 shares, representing 11.1% of its share capital Source link

The former under-construction Corinthia in Dubai has been acquired by FIVE, to be reflagged as FIVE Beach and set to open in 2023 Source link

South Africa’s seasonally-adjusted Absa Purchasing Managers’ Index (PMI) recovered in August, after a steep drop in July when arson and looting gripped parts of the country, a survey showed on Wednesday. Source: Getty The index, a gauge of manufacturing activity in Africa’s most industrialised nation, rose to 57.9 points in August from 43.5 in July,

Abu Dhabi National Energy Company says that it has initiated a strategic re of its oil and gas operations Source link

Sources say Riyadh listing may value ACWA Power International at $10bn or more Source link

HSBC Global Equity Climate Change Fund offers investors exposure to renewable energy, clean transport, sustainable water management and climate change adaptation Source link

Ministry of Health and Prevention says change applies from Tuesday, will monitor adherence to new price Source link

There is no doubt that the extreme disruptions and repercussions caused by the Covid-19 pandemic in South Africa will continue for some time. The long-term effect on the already challenged small and medium businesses will also be profound. Fortunately, initiatives such as the newly launched Abadali Equity Equivalent Investment Programme (EEIP) aims to have a

Vukile Property Fund recently issued R500m of senior unsecured corporate bonds with one- and three-year maturities. The issue was significantly oversubscribed, with the auction attracting bids of more than R2.1bn. Laurence Rapp, CEO of Vukile Three-year notes of R342m were placed at a margin of 185bps, better than guidance and favourably priced relative to recent

The Broll Property Group has appointed Jess Cleland as COO: Africa. This includes responsibility for all operations outside of South Africa, in addition to heading up the group’s valuations and property intel divisions across all countries. Jess Cleland, Broll COO: Africa Since joining Broll in 2013, Cleland’s positions have included group managing director: East Africa

Nazila Zoulfaghari, vice president of TEOXANE MENA, explains why the pandemic has benefited the cosmetic and aesthetic industries Source link

Dubai, the region’s financial hub, has already taken several steps to bolster the use of blockchain within the city in recent months Source link

Latest initiatives are part of the ADX One strategy announced earlier this year to bolster market activity and to deepen liquidity Source link

Carsten Tilke delivers update on the construction of the fastest street track in Formula 1 history Source link

Talal Al Ajmi, founder and CEO of VI Markets, shares his insights on how artificial intelligence (AI) and machine learning technologies are becoming a disruptive and prominent force in the online trading world Source link

Business risks refer to all the factors that may lead to lower profits or even cause a company to close and fail. Lungile Phakathi, a CA(SA) and the managing director for the Modern Firm, gives practical advice on how you can identify and manage risks in your business. What does risk management mean in the

South African Reserve Bank governor Lesetja Kganyago. Andrew Caballero-Reynolds/AFP via Getty Images Mills Soko: When you were appointed as governor one of the first things you did was to go to your village and you went on a shopping spree. What was the significance of this gesture? Lesetja Kganyago: I felt it was an opportunity

World’s largest wealth manager set to expand in the Gulf region, according to reports Source link

A 329-year old South African wine estate owned by Anne Cointreau, a scion of the family famous for French cognac and orange liqueur, was sold on Wednesday to an international buyer in Europe for just over R52m ($3.5m). Source: Supplied The Morgenhof estate in Stellenbosch, owned for nearly three decades by Cointreau, was sold as

Experts say new measures don’t create competition between Saudi and the rest of the region Source link

Turkish multinational consumer durables and electronics manufacturer Arçelik is expanding its portfolio in southern Africa by adding the Beko brand to its local portfolio. Beko is a freestanding home appliances brand in Europe in the white goods sector and the number one large home appliances brand in the UK. Beko store in Durban. Source: Supplied

Region’s companies need to invest in protecting themselves against the growing threat of ransomware Source link

International home appliances maker Electrolux expects strong demand to continue as a result of the stay-at-home trend prompted by the Covid-19 pandemic. Source: Electrolux Helping to capitalise on growth opportunities in the South African market is Murray Crow, the new Electrolux managing director for SA, who has previously held posts as MD of Whirlpool South

In December, the UAE pledged to cut greenhouse gas emissions by almost 25% over 10 years, from a baseline that assumes moderate economic growth Source link

World’s tallest observation wheel will eclipse the 190-metre New York Wheel planned for Staten Island Source link

Only Realty Property Group is continuing its expansion of its national franchise footprint with the recent acquisition of Halbe Properties, an established real estate company with two offices. “We continuously work to achieve great success year-on-year and our recent acquisitions will further solidify our positioning and brand promise – particularly in Gauteng,” says Only Realty

Pretoria-based sisters Morongwe (Mo) Mokone and Michelle Mokone lead the all-woman team behind Mo’s Crib, a South African home decor business creating stylish products from recycled materials, and creating employment for women by equipping them with artisanal skills. Michelle and Morongwe Mokone, owners of Mo’s Crib. Source: Supplied Mo’s Crib specialises in proudly South African

Abu Dhabi National Oil Company inks agreements for concept and front-end engineering design services for major projects Source link

This September, SA Property Investors Network (Sapin), in partnership with personalised online wills platform SmartWill, is hosting a free webinar covering the hidden costs of death for property investors. The webinar aims to educate and add value to anyone involved in the property industry, by shining a light on common, but not always known pitfalls,

UAE-based branches of Swiss companies are driving interest in the exhibition, ‘proof of the belief that Expo will enhance trade between the two countries’, said Swiss Pavilion head Source link

Stories inspire many of us. In fact, most of us probably have at least one story – be it fact or fiction – that has set off a spark of inspiration instrumental in motivating us. My life story was inspired by the Will Smith movie, The Pursuit of Happyness. The movie is based on the

Out of the 12 MENA green and sustainability-linked debts issuances, four deals from Saudi Arabia account for almost 63% of the region’s total volume, with the UAE holding the remaining 37% Source link

Emirates Tourism Council data also reveals that average hotel occupancy rates increased to 62% in first half of 2021 compared to 53.6% in H1 2020 Source link

Saudi Automobile & Motorcycle Federation has called on the expertise of a team of specialist Bahraini marshals ahead of December race Source link

Used to confirm pre-departure Covid-19 test results for departing and arriving passengers, the pass will be available in the kingdom from September 30 Source link

Climate change and its potential costs to humankind made headlines again last week. What was new was the clarity of the message putting changes to the planet’s climate down to the human race. Source: Gallo/Getty The findings of the Intergovernmental Panel on Climate Change (IPCC) place climate change firmly on our doorstep, and has demanded

Dubai sees exports through wooden dhows touch 365,632 tonnes and imports reach 260,001 tonnes in the first half of 2021 Source link

According to the latest data from Lightstone, national house price inflation is at its highest in five years, proving a success story notwithstanding the ongoing Covid-19 pandemic and recent unrest in parts of KwaZulu-Natal and Gauteng. Carl Coetzee, CEO of BetterBond “The housing market remains the surprise success story of recent months and, contrary to

Fawaz Abdulaziz Alhokair Co reports net profit of $12.2m for the quarter ended June 30 Source link

Hotel is among the structures that will remain after global showpiece event ends in March next year Source link

Kingdom’s National Medical Taskforce for Combating the Coronavirus has announced booster shots of the Pfizer-BioNTech and AstraZeneca will be available for fully vaccinated immunocompromised individuals and people over the age of 60. Source link

Abu Dhabi’s plans to develop its own quantum computer could lead to ‘technological sovereignty’, says research professor Source link

A credit rating, like a credit score, is an assessment of the ability of a borrower – whether it’s a company or a government – to repay its debts. Lower credit ratings drive up the cost of borrowing. This threat prompted some poorer countries to avoid tapping investors for vital financing during the pandemic, while

New framework aims to enhance the integration of electric transport networks and encourage the participation of the private sector and consumers Source link

Start-up aiming to go commercially live in the whole region by 2022 is also looking at its next round of fundraising to generate more capital to finance ambitious growth plans Source link

More South African women are purchasing property on their own, without help from a partner, than ever before. Andrea Tucker, director of MortgageMe, says the shift shows more women are confident enough to exchange renting for the potential returns, peace of mind, and financial freedom that sole home ownership can provide. Andrea Tucker, director of

Nixon’s action – announced on 15 August 1971 – had profound and long-lasting effects on the International Monetary Fund , South Africa and Africa. Nixon’s decision breached the US’s treaty obligations. But he had little choice. By 1970, the rest of the industrialised world had accumulated such large dollar holdings that the US did not

Real estate developer’s profits increased by 483% in the second quarter of the year, compared to Q1, as Dubai’s economy continues to chart a recovery from coronavirus Source link

Salesforce is bringing its Hyperforce architecture to the UAE in partnership with AWS. What does that mean for your business? Source link

Available initially on routes from Bahrain to Athens, London and Singapore, the airline has now added flights to Dubai, Frankfurt and Paris flights to the trial Source link

Second edition of Abu Dhabi Showdown Week comes as part of the five-year partnership forged by UFC and DCT Abu Dhabi Source link

Dubai Holding has confirmed the appointment of Ronald Drake as general manager of Ain Dubai Source link

Construction of the latest Yas Island tourist attraction is on track for completion in 2022 Source link

Globally, consumer packaged goods (CPG) companies are under intense pressure to profitably grow. Yet, incumbent companies are losing out to nimble, digital-native competitors. For large CPGs, it’s no longer enough for supply chains to be engines of efficiency. Source: Getty Supply chains must become laser-focused on delivering the outcomes that enable the company to meet

Bitcoin and a slew of other cryptocurrencies are gaining traction as alternatives to fiat currencies as mediums of exchange. But could they also challenge gold as the ultimate store of value? William Fraser, portfolio manager, Foord Asset Management To my mind, there are so few similarities between gold and Bitcoin that to compare them seems

According to Gary Palmer, CEO of Paragon Lending Solutions, the recent unrest set a new financial low in South Africa’s already difficult economy and, much like the initial start of the Covid-19 pandemic, dealing with the fallout will take time. Recovering from the approximately R50bn – and counting – in losses won’t be easy, even

In honour of Women’s Month in August, we’re highlighting the significant contributions of women as the driving force behind creating safer experiences on the road. Those who believe they can change things for the better and do just that. To celebrate these phenomenal women, Dunlop has created a ‘Women driving the world forward’ website showcasing

Pennyroyal’s Blue Amber development in Zanzibar is one of the first real estate projects to be awarded Strategic Investment Status (SIS) by Zanzibar’s government. Blue Amber is a 411-hectare luxury mixed-use waterfront, resort development spread along the Muyuni coastline in the north-eastern part of Zanzibar. It incorporates residential, hotel, tourism, and community and public amenities.

The high shipping expenses are being factored into contracts for the next 12 months, forcing companies to pass the extra costs on to consumers Source link

The Abu Dhabi-based cargo operation also recorded a 20 percent increase in tonnage compared to the same period in 2019 Source link

The JSE has granted Fortress Reit the listing of a three-year sustainability-linked bond of R495m and a five-year sustainability-linked note of R405m. Although the bonds do not have specific use-of-proceed requirements, the funds will assist Fortress with the continued installation and increase of solar energy in South Africa across its retail and logistics portfolios. Image

SA Corporate Real Estate, a real estate investment trust (Reit) put an estimate of R558.243m on Tuesday on the total cost of damage to its properties and loss of income after the recent looting and vandalism. The unrest last month led to damage to hundreds of businesses and about 3,000 stores were looted and vandalised.

Ministry of Investment of Saudi Arabia says it issued 478 licences in the first quarter of the year as economy continues to recover from the impact of coronavirus Source link

As a typical Capricorn, Leshni Dial-Harikaran says she likes order and structure and really enjoys beauty, whether it be in nature, design, cars or a perfectly balanced excel spreadsheet. Leshni Dial-Harikaran, credit analyst, fixed income team, Prudential Investment Managers Therefore the credit analyst in the fixed income team at Prudential Investment Managers, says, numbers and

South African hemp products development company Quattro-Canna Holdings (QCH) has signed a license agreement with Canadian Greenfield Technologies Corp. for the sole rights to manufacture and distribute the HempTrain decorticator plant in South Africa for local and regional sales and support. Source: Canadian Greenfield Technologies Corp. The HempTrain decorticator plant is a complete, whole plant

According to Knight Frank’s First Half 2021 Kenya Market Update report, prime residential rents declined at a slower rate of 6.02% over the past 12 months to June, compared to a 7.62% decline in a comparable period in 2020, attributing the change to the reopening of the economy, rollout of vaccinations and landlords adjusting rental

The Radisson Hotel Group has announced the signing of Radisson Hotel Middelburg. Set to open at the end of 2023, the hotel boosts the group’s South African portfolio to 16 hotels in operation and under development. It also places the group firmly on track to reach its ambition of 150 hotels in operation and under

According to Chrissie Johnson, customer relationship manager for Seeff North Coast, having long been the primary influencers in property purchasing decisions, women are now not just confident purchasers of their own residential homes but are increasingly building property portfolios. Image supplied Statistics from Seeff’s mortgage originator further shows that there are more single women compared

Foreign owners now may be fully licensed in fields such as accounting, training, consultancy, beauty centres, computer and internet network companies, and others Source link

Users of short-form video content are also higher online spenders than non-users across product categories; the variation in spend is estimated to be between 40 percent and 130 percent, the report by internet services consultancy RedSeer said Source link

In an exclusive inter with Arabian Business, Nuaimi opened up about her journey to gain the trust of society and her clients in the business process outsourcing industry Source link

Having started her career at Liberty Two Degrees (L2D) in 2012 as a property analyst, Sumenthree Moodley has since worked her way up to a more senior position at the company, currently serving as its head of analysis. This includes overseeing the monitoring of operational performance of the portfolio, analysing trading patterns and financial returns

Tito Mboweni’s long-standing request to be excused from his role as finance minister was finally granted in president Cyril Ramaphosa’s cabinet reshuffle last night. He is replaced by Enoch Godongwana. New minister of finance, Enoch Godongwana. Source: Mondi Mboweni took up this position following the sudden departure of former minister Nhlanhla Nene in October 2018.

Mpact, the largest paper and plastics packaging business and recycler in southern Africa, reported the results for the six months ended 30 June 2021 today. Bruce Strong, Mpact Chief Executive Officer said: “Mpact continues to show tremendous resilience, firmly anchored in our purpose of making a difference, providing our customers with sustainable packaging and giving

Jaffliya Station will be renamed Max Fashion while Al Rashdiya Station will be renamed Centrepoint under new agreement Source link

A passion for finance, investing, how businesses work and the drivers of various industries were behind Mamedupi Matsipa’s decision to switch from IT to a career path that has lead her to her current role as chief executive officer (CEO) of Ata Capital. Mamedupi Matsipa, CEO, Ata Capital “As a student, my career choices were

There’s little fuel, less electricity and medicine shortages have emerged; the foods in the supermarkets aren’t what they used to be. Add to that Covid-19 which has added further stress on a failed economy. The country, and those who reside in it, are in survival mode Source link

South African private sector activity fell at its fastest rate in 10 months in July as output tumbled in the wake of civil unrest in some parts of the country and tighter coronavirus lockdown restrictions, a survey showed on Wednesday. Source: Reuters/Mike Hutchings/File Photo IHS Markit’s Purchasing Managers’ Index (PMI) fell to 46.1 in July

A shipping incident in the Gulf of Oman, roughly halfway between Iran and the United Arab Emirates, has been upgraded to a “potential hijack” according to the U.K.’s UKMTO, which monitors shipping in the region. Source link

The ground is ripe for women in manufacturing to take charge and drive localisation by playing a meaningful role in the fast-moving consumer goods (FMCG) sector. Zahra and Nadia Rawjee, founders and directors, Uzenzele Holdings Capitalise on incentives According to niche capital raising consulting company, Uzenzele Holdings, women should take up more space in the

Victor Bucarizza, GIB Financial Services Limited</span>Finance minister, Tito Mboweni, has expressed a desire to allow South Africans to make a withdrawal from their pension funds to provide relief for those whose finances are under pressure during these trying times. Mboweni said that this is proving to be a complex problem to solve if we are

A coal beacon hill mine in Tete. Joshua Kirshner, Author provided Nearly two weeks later, the army had managed to secure the town. Yet the French oil and gas firm Total had already called off the planned resumption of construction at its £14.4bn LNG project near Palma on the Afungi peninsula, and pulled all staff

Lonsa Group Limited (Lonsa), a Mauritian principal investment entity investing in the energy, industrials, logistics and property sectors in Africa, has acquired majority and controlling shareholding in Everite for approximately R600m. Everite is an industrial manufacturer of a range of building products for the commercial, industrial and residential markets. The deal, which was effective 1

True Beacon II is to be launched next week and will have a minimum investment requirement of $1m Source link

National carrier to fly to French capital on daily basis after authorities add Bahrain to its green list of destinations Source link

Behind every braid or big afro there is a story to be told. For Sonto Pooe, it began at the tender age of 8 when she tried to braid her own hair after a cruel experience with a hairdresser who braided it too tightly, leaving her unable to sleep for days. Sonto Pooe, founder and

Free zone recorded an 88.4% increase in the number of registered companies for first six months of 2021 Source link

European-style restaurant Mondoux offers delicious all-day dining in a picturesque setting Source link

Senior exec says the addition of a lagoon to its flagship Riviera project has become a major selling point to investors Source link

Tadej Pogacar has signed a contract to stay with UAE Team Emirates after winning second Tour de France Source link

Minister of Tourism hails decision to reopen borders to international tourism after Covid-related suspension Source link

Kenyan integrated food producer, SimpliFine, is expanding across Kenya with new, locally-produced meat and vegetarian products. SimpliFine president Steven Carlyon with SimpliFine staff. | Source: Supplied SimpliFine’s new range of meat and vegetarian products, sourced directly from farmers, include frozen meats, prepared meal accompaniments and a range of ready-to-cook prepared meals. The food producer uses

Best known for its exquisite white beaches and get-away-from-it-all lifestyle, Mauritius is about so much more these days. In fact, the island paradise is currently the highest ranked economy in sub-Saharan Africa, according to the World Bank’s Ease of Doing Index. And that’s in no small part because of key factors such as its sophisticated

You mean, stop renting? Yes. In the new post-pandemic world, factors like low interest rates, and the availability of smaller ‘micro-industrial’ spaces combine with industrial sector-specific variables – like high rental returns and longer average occupancy – to produce a very real investment opportunity for small and medium-sized enterprises: buy. What’s more, industrial property that

Dubai Financial Market chairman says foreign investors accounted for 69% of the new investors in H1 Source link

Recent unrest in South Africa damaged hundreds of businesses but property developers and retailers say they remain committed to the fast-growing consumer markets of its predominantly Black townships. Members of a private security company at a looted shopping mall in Vosloorus, Gauteng, 14 July 2021. Reuters/Siphiwe Sibeko Riots broke out this month after former President

With South Africans having one of the lowest household savings ratios in the world, at just 0.6%, National Savings Month in July provides a great opportunity for South Africans to consider their saving habits and how they can save more. Savings Month was launched in 2001 by non-profit organisation, the South African Savings Institute (SASI).

According to JLL’s latest Q2 city report, South Africa’s corporate real estate sectors remain under pressure, partly due to the ongoing Covid-19 pandemic and resultant restrictions. Johannesburg Johannesburg’s office market is anticipated to remain in turbulent waters over the foreseeable future, with vacancy rates and rental levels expected to continue softening. Sustained real economic growth,

Ban includes those who violated restrictions by visiting ‘green list’ states first as coronavirus continues to impact many countries worldwide Source link

Latest IATA data shows Middle East airlines reported a small improvement in passenger demand in June compared to May Source link

With emerging markets requiring an estimated $3-4tn annually in low-carbon investments over the next 15 years, Minister of Forestry, Fisheries and the Environment Barbara Creecy has called on developed countries to ensure access to long-term, predictable, and affordable finance for developing countries. Source: Gallo/Getty The minister made these remarks during the Ministerial Climate Change meeting

Deep Dive Dubai announces that public bookings are now open online at deepdivedubai.com Source link

Figures released by the Ministry of Industry and Mineral Resources reveal 1,066 sweets and chocolate factories across the kingdom Source link

Redefine Properties has listed a R1bn issuance on the JSE for its first sustainability-linked bond – the largest amount raised so far by a South African real estate investment trust (Reit) in the growing sustainability-linked bond space in the country. Redefine CEO Andrew Konig The funds will be used to refinance upcoming bond maturities which

According to Simon Norton fromt the Africa Desk of the International Zinc Association, South Africa needs a zinc refinery to assist with the vast quantities of galvanised steel likely to be taken up by the government’s ambitious infrastructure development plans. Skorpion zinc refinery in Namibia. Source: Supplied “If we intend to rebuild our water and

Industry leaders need to utilise all available resources at their disposal to accelerate progress. Seeking support, working with others and asking for help are the most basic but the most important growth tools they could tap into Source link

Tiger Brands is recalling certain Koo and Hugo’s canned vegetable products produced from 1 May 2019 to 5 May 2021 due to “an extremely small number” of defective cans supplied by a packaging supplier, the FMCG company said on Monday. Source: Tiger Brands The cans may have a defective side seam weld that could cause

Talks set to take place between Lebanese President Michel Aoun and lawmakers to try to agree on a new prime minister-designate Source link

Saudi Automobile & Motorcycle Federation has released 40% of tickets initially, with a plan to increase this up to full capacity in line with the global vaccine response Source link

Sobha Realty says nearly 30% of flagship Sobha Hartland in Dubai has been sold to investors Source link

Ghassan Aboud Group says deal for Vincent Hotel makes it Australia’s largest independent owner of five-star hotels Source link

Dubai airline says it is committed to expanding services to the US after launching 12th destination Source link

Drinks maker Distell said on Friday its full-year profit would be up to around 20% higher than a year earlier, but a fourth ban on alcohol in its home market South Africa had cost it about R30m so far. Source: Three Ships Whisky Distell, in talks with Heineken over a possible buy-out, was hit hard

Following the recent wave of economic instability, the Monetary Policy Committee (MPC) announced that interest rates will remain stable at 3.5% (repo rate), with the prime lending rate then remaining at 7%. Adrian Goslett, regional director and CEO of Re/Max of Southern Africa This was a prudent decision, as many have entered the property market

The Monetary Policy Committee has adopted an accommodative approach, says Dr Andrew Golding, chief executive of the Pam Golding Property group, keeping the repo rate steady at 3.5% and the prime lending rate remaining at 7%. This following the vulnerability of South Africa’s economy in the wake of the recent unrest. Dr Andrew Golding, chief

The Monetary Policy Committee (MPC) agreed unanimously to leave the repo rate unchanged, opting to keep it at the current 3.5% per annum. Lesetja Kganyago, Sarb governor While domestic economy grew by 4.6% in the first quarter of 2021, the MPC estimated the unrest to have fully negated the better growth results from the first

Azizi Developments says it is upsizing by recruiting more than 200 new staff to deal with growing number of enquiries in projects Source link

The SA Property Investors Network (Sapin) has announced the lineup of judges for the 2021 Investor of the Year Awards. The third annual awards is being hosted at the Marriott Hotel in Sandton on 18 November, but can be attended virtually. Investor of the Year Award team. Source: Supplied “We are thrilled with the calibre

Bitcoin will hit its previous all-time highs again by the end of the year with prices driven higher by the “carefully considered arguments” and “new measured tone” being put forward by the likes of Elon Musk, Jack Dorsey and Cathie Wood at the recent The B Word Conference Bitcoin surged as much as 10% on

A new global ranking by AirlineRatings.com names both Qatar Airways and Emirates in their top five, while Etihad was also included in the top 20. Source link

The tension between food safety in packaging on the one hand, and environmental protection on the other, is a longstanding dilemma that has been brought into sharper focus by Covid-19. This conflict was unpacked in Tetra Pak’s global research Tetra Pak Index 2020: Covid-19 and the Food Safety-Sustainability Dilemma undertaken in partnership with Ipsos. Tetra

The ongoing Covid-19 pandemic has seen three major trends emerge as drivers of investment in Africa’s commercial property space. Though this sector has certainly taken a big knock, and commercial office space is still slow to recover, we are seeing positive activity in light industrial property, data centres, healthcare and pharmaceuticals, and even in hospitality,

LG Electronics has pledged to transition completely to renewable energy by 2050 as a key component of its sustainability strategy. The announcement formed part of the new LG Electronics Sustainability Report and comes on top of the company’s earlier promise to achieve carbon neutrality by 2030 through the Zero Carbon 2030 initiative, in which LG

Four Gulf-based sovereign wealth funds have been included among the world’s top 10 in July Source link

Broker Allsopp & Allsopp says average values have jumped 35% to about $810,000 since Q2 2020 Source link

Provider of advanced anti-financial crime compliance solutions announces expansion to Dubai International Financial Centre Source link

The Covid-19 pandemic disrupted the commercial real estate sector’s traditional value proposition – virtually overnight. The industry has answered the call for flexibility and innovative strategies, but the third wave of the Covid-19 pandemic coupled with calamitous riots, looting and subsequent damage to properties has key industry players asking: “where to from here?” John Jack,

Global investors are reeling from China’s latest announcement to heighten restrictions on its US-listed companies, including the likes of Didi, Alibaba, Tencent and Bytedance. In a recent statement, the state council, which is constitutionally synonymous with the Central People’s Government, said the regulations governing the international listing system will change, while measures that limit cross-border

Ethiopia has completed filling the reservoir of its huge dam on the Blue Nile river for a second year and the plant may start generating power in the next few months, a minister said on Monday, 19 July, a move that has already angered Egypt and Sudan. Ethiopia’s Grand Renaissance Dam is seen as it

The National Consumer Commission (NCC) has sent a strong message discouraging suppliers from inflating prices of essential items amid the unrest that engulfed the country the past few days. Source: Getty According to the NCC, these are the goods listed under Consumer and Customer Protection and National Disaster Management Regulations and Directions, issued in terms

Project director Omran Sharaf says confidence in Hope Probe is going from strength to strength Source link

Toyota said it’s unsure about continuing investment in KwaZulu-Natal and the country and that it’s worried about the violence in the province. Toyota’s regional officer for Africa, Toshimitsu Imai, expressed his concerns to eThekwini mayor Mxolisi Kaunda in a letter, according to a Netwerk24 report. The authenticity of the letter was confirmed by Mzolisi Witbooi,

Trade between Saudi Arabia and Bahrain accounted for around half of total Bahrain-GCC trade, at $781 million Source link

The country is leading the region when it comes to food security but its recycling industry is still emerging, said PepsiCo regional executive Source link

Establishment of Dubai Academic Health Corporation is part of the broader strategy to strengthen the knowledge economy Source link

Ratings agency says fall in oil revenue and increased spending has pressured the Gulf nation’s fiscal outlook Source link

Abu Dhabi Emergency, Crisis and Disasters Committee says new restrictions will come into force from Monday Source link

Electricity is vital for improving the quality of life of many in rural sub-Saharan Africa.Source: USAID_images/Flickr Take sub-Saharan Africa’s energy systems, which are currently patchy and often unreliable. Many countries’ reliance on fossil fuels has led policymakers to suggest that fossil fuel systems should either be banned or indirectly discouraged through imposing a carbon tax.

The intensity and frequency of riots eased on Thursday, and businesses and residents are in the throes of repairing the damage to property and clearing the debris that has resulted from days of looting, arson and vandalism in KwaZulu-Natal and parts of Gauteng. A screen grab taken from a video shows the damage inside a

Standard Bank is planning to buy up the 46% of shares in Liberty it does not already own, to take full ownership of the insurance company. Liberty offers life insurance, asset management, investment, and health products to more than one-million clients across Africa., while Standard Bank is Africa’s biggest lender in terms of assets at

He submitted a draft lineup of ministers the day before to President Michel Aoun, a Maronite Christian, in what seemed to be his last attempt to reach an agreement Source link

Public Investment Fund, Cosco Shipping each acquire 20% stake in Red Sea Gateway Terminal Limited Source link

The last 18 months have seen some clear winners and losers in the property industry. However, things may not stay the same in the next six months, especially if we experience an extended period of high levels of Covid infections and even more shutdowns. Gary Palmer, CEO of Paragon Lending Solutions Residential property The big

New Armenian airline will operate as a low-cost passenger airline under similar model used by Air Arabia Source link

African countries continue to face substantial financing gaps as they take on projects of all sizes in pursuit of development. To tackle the slowdown in foreign direct investment since the onset of the pandemic, some African countries are actively courting their diaspora and looking for pockets of cash-rich businesses around the continent. Each country is

South Africa’s rand was hovering around three-month lows in early trade on Wednesday, as the country prepared for what could be another day of unrest linked in part to anger over poverty and economic inequality. South African Rand coins are seen in this illustration picture taken 30 October, 2020. Reuters/Mike Hutchings/Illustration The continent’s most industrialised

One of the significant impacts that Covid-19 and the global lockdowns have had on the international property markets is a fundamental shift in the financing needs of property developers and investors. Before Covid-19, the priority of the vast majority of borrowers was to reduce the cost of capital. Typically, this involved maximising the debt component

Given the dire straits the pandemic has created for many SMEs, it could be that crowdfunding provides a vital business lifeline beyond government and bank loans, handouts and support schemes – many of which are now drying up Source link

LG Electronics has said in a statement that its South African factory in Durban has been looted and burned down as part of protest action. According to the Korean embassy in South Africa, roughly 90 rioters broke into the factory in Cornubia, north of Durban, at 1am on 12 July to steal appliances made at

Mamedupi Matsipa, CEO, Ata Capital</span>While most private equity managers undertake investments on the premise of adding value to the companies in which they invest, they should not only consider ways to improve their portfolio company’s environmental, social and governance (ESG) or green credentials, but also ensure that their investments reduce harm in the long term.

EK Koders, created by the National Program for Coders in collaboration with the Emirates Group, is part of plan to attract and train more than 100,000 coders Source link

Commercial tenants showed signs of recovery in the first quarter of 2021, mirroring the better-than-expected GDP figures revealed for the same period by Statistics South Africa. A recovery in the commercial real estate sector relies heavily on business recovery. Constraints to business productivity, including the continued work-from-home trend, has had a significant impact on the

Racking up debts and running out of options, Tunisian seamstress Najeh is pinning her hopes on her employer’s promise to pay four months of overdue wages in August. Source: Reuters/Siphiwe Sibeko/File Photo The 44-year-old, who declined to give her last name for fear of reprisals, is the main breadwinner in her household and has been

Sheikh Mohammed inaugurates series of new road networks and development projects Source link

Source: Image supplied</span>In 2020, big tech companies like Amazon, Apple, Google, several big gaming companies and Facebook skyrocketed in value – largely due to Covid-19. Read more… | Send to a friend Source link

South African manufacturing production increased by 35.3% in May 2021 compared with May 2020. Workers sort avocados at a farm factory in Nelspruit in Mpumalanga province, about 82 km north of the Swaziland border, South Africa. Source: Reuters/Siphiwe Sibeko The largest contributions were made by the following divisions: • motor vehicles, parts and accessories and

Relationships, from matchmaking to dating, and business investments are almost the same, says Kris Ankem, director and CTO of the Office of Sheikh Ahmed Bin Obaid Al Maktoum Source link

According to Morag Evans, CEO of BuildConnect, a division of Databuild, manufacturers that fail to improve the quality of architectural specifications provided online, risk not being specified in architects’ projects. Source: Supplied “As the construction industry claws its way back to recovery, architects are under immense pressure to source building materials and products for their

Google, Microsoft, Amazon, Cisco, IBM, HPE, LinkedIn, Nvidia and Facebook, plus homegrown successes such as Emirates NBD and Dubai World Trade Centre, are among the names supporting the National Program for Coders which aims to train and attract up to 100,000 programmers. Source link

How the rental market in Dubai is moving towards a short-term, on-demand model – and what that could mean for investors Source link

Kingdom is seeking global personnel and investment for its huge pipeline of megaprojects, say experts Source link

Space-as-a-service (SPaaS) – that complete paradigm shift in how the real estate industry provides value-adding products and services to tenants – is most commonly associated with retail, commercial and, to an extent, residential property. But I like to think about how it applies to what author Dror Poleg, in his book Rethinking Real Estate, refers

UN Security Council members on Thursday, 8 July, backed African Union mediation efforts between Ethiopia, Egypt and Sudan in a dispute over the operation of a giant hydropower dam on the Blue Nile in Ethiopia, urging the parties to resume talks. The Blue Nile sets the border between Amhara and Oromia regions in Ethiopia. By

Officials are being motivated by concerns that delta and other variants appear to be breaking down defences of vaccines not made from the super-effective messenger RNA technology, or mRNA Source link

Property prices reached $251.6 per sqft in June, the highest recorded in two years, mainly for completed villas in traditionally sought-after communities Source link

Tunisia has proposed the UN Security Council push for a binding agreement between Ethiopia, Sudan and Egypt on the operation of a giant hydropower dam within six months, according to a draft resolution seen by Reuters on Wednesday, 7 July. Ethiopia’s Grand Renaissance Dam is seen as it undergoes construction work on the river Nile

Dubai-based carrier was rated number one with a score of 91.4 percent, ahead of iPhone (89.4 percent), Adidas (88.8 percent), Nike (86.9 percent) and fellow UAE airline Etihad Airways taking fifth spot (86.3 percent) Source link

Global results for the first quarter of the year – Zoom is unable to provide regional breakdowns – revealed total revenues of $956.2m, up 191% year-on-year Source link

The United Nations called on Ethiopia, Sudan and Egypt on Tuesday, 6 July, to recommit to talks on the operation of a giant hydropower dam, urging them to avoid any unilateral action, a day after Ethiopia began filling the dam’s reservoir. The Blue Nile River is seen as the Grand Ethiopian Renaissance Dam reservoir fills

Khensani Nobanda, group executive Marketing and Corporate Affairs at Nedbank (the IMC’s naming sponsor) is going to be in conversation with group CEO Mike Brown, discussing how to ensure your CEO doesn’t see marketing as an indecent proposal. “I think it’s a key topic because a lot of times marketing is looked at as a

Latest figures show Dubai attracted 3.7m tourists since the city reopened its borders to international visitors a year ago Source link

The principles of environmental, social and governance (ESG) investing are capturing the growing attention of mainstream investors who are seeking attractive returns but also a new social contract with all stakeholders. This is contributing to the significant increase in flows out of traditional equity funds, and into ESG-focused funds. Assets in sustainable funds globally hit

We continue with the second quarter 2021 results of our FNB Commercial Property Broker Survey, which surveys a sample of commercial property brokers in and around the six major metros of South Africa, namely, City of Joburg and Ekurhuleni (Greater Johannesburg), Tshwane, Ethekwini, City of Cape Town and Nelson Mandela Bay. Given FNB Commercial Property

Egypt’s irrigation minister said on Monday, 5 July, he had received official notice from Ethiopia that it had begun filling the reservoir behind its giant hydropower dam, the Grand Ethiopian Renaissance Dam (GERD), for a second year. Ethiopia’s Grand Renaissance Dam is seen as it undergoes construction work on the river Nile in Guba Woreda,

The Botswana energy regulator has granted a generation licence for a 100MW solar project to local firm Shumba Energy, a company executive said on Monday, making it the first independent power producer to set up a large scale solar plant in the country. A solar plant is seen in Uyayna, north of Riyadh, Saudi Arabia

HSBC was the only international adviser to hold a senior role on Aramco’s 2019 initial public offering, the world’s largest Source link

Decree issued as Saudi Arabia increases pressure on international firms to shift their Middle East hubs to the kingdom Source link

For many years prior to 2020, the word “inflation” was less prevalent in investment vocabularies. However, it is one of the words most bandied about in markets. For some investors it is a concern, and for others it represents an opportunity. In the short term, economic indicators, both globally and in SA, are showing price

Is a company that provides a loan to a person to buy shares in that company required to register as a credit provider in terms of the National Credit Act 34 of 2005 (NCA)? Darryl Furman, director, Fluxmans In considering the answer one must have reference to both the NCA and the Companies Act 71

Ministry of Health and Prevention has approved of the vaccine’s emergency registration after clinical trials Source link

Talks ended without a deal to increase output after the United Arab Emirates stuck to demands for better terms Source link

Oman Tourism Development Company says it aims to re-position Al Mussanah as an all-inclusive family destination Source link

CEO of Global Village believes venue is an ideal incubator for new businesses and companies looking to enter the emirate, the country and the region Source link

Newly formed board of Dubai Chamber of Commerce has adopted a 90-day plan to drive business growth in the emirate Source link

Emira Property Fund has listed a new unsecured three-year R380m sustainability-linked bond as part of its DMTN programme. The Reit worked with investors to incorporate sustainability targets into the terms of the note. On that basis, the issue received more demand than could be executed. The oversubscribed issue, arranged by RMB, attracted five investors, and

The United Nations Security Council will likely meet next week to discuss a dispute between Sudan, Ethiopia and Egypt over a giant dam built by Ethiopia on the Blue Nile, French UN ambassador Nicolas de Riviere said on Thursday, 1 July. Ethiopia’s Grand Renaissance Dam is seen as it undergoes construction work on the river

Purchasers of the cluster of 40 luxury villas can enjoy upscale design inspired by Automobili Lamborghini Source link

South Africa’s seasonally-adjusted Absa Purchasing Managers’ Index (PMI) expanded at a slower rate in June as growth in sales orders and business activity slowed, a survey showed on Thursday. Source: Getty The index, a gauge of manufacturing activity in Africa’s most industrialised economy, fell slightly to 57.4 points in June from 57.8 points in May,

A Harvard Business School graduate and current chairman of the SABC Board, Bongumusa Makhathini has held several directorships, including at SA Breweries (director of Corporate Affairs & Transformation), British American Tobacco (director of Legal & External Affairs) and African Commercial Diplomacy Consulting (managing director). Bongumusa Makhathini, Empowerment Capital Investment Partners’ first CEO Makhathini has been

Directorate General of Civil Aviation announced the extension until July 31 in a circular on Wednesday Source link

UAE’s Minister of State for Artificial Intelligence is named chair of the new Dubai Chamber of Digital Economy Source link

Dubai Next, launched by Crown Prince Sheikh Hamdan last month, helps to secure funding for start-ups Source link

Among the new initiatives are the Skill-Up Academy for entrepreneurs, the Scale-Up platform for start-ups looking to grow, and the Grow in UAE web portal that will provide information about policies and investment in the UAE Source link

German car manufacturer has previously said it plans to invest around $19bn in future trends such as ‘e-mobility, hybridisation and digitalisation’ by 2025 Source link

When you’re young and just started working, your financial planning is the furthest thing on your mind, but the biggest lesson you can learn as you start out on your journey is don’t get trapped in living from pay cheque to pay cheque, rather work smart with your money. “Debt can be healthy and unhealthy.

The crypto market is brimming with competition – companies and corporations everywhere are seeking a piece of the emerging asset class and nascent technology. In no sector is competition more fierce than in the realm of trading platforms, each offering more interesting and compelling selling points than the next. Few of these platforms, however, have

Inospace, the South African business park specialist, has acquired a new multi-let industrial property in Cape Town’s northern suburbs. The property is Inospace’s fifth acquisition this year. The 8,005m² property in Peerless Park, Kraaifontien is currently leased to 22 small and medium-sized companies and will be renamed Peer Works. It will become the company’s 18th

Sudan has rejected an Ethiopian proposal to manage the filling for a second time of a giant dam that it is building on the Blue Nile, a senior official said on Sunday, 27 June, deepening a regional dispute over the project. Ethiopia’s Grand Renaissance Dam is seen as it undergoes construction work on the river

You have most likely come across Binomo in South Africa. This article will review a website and an app replying to the question: How does Binomo work? to help you make a wise decision regarding whether to proceed. You can use this guide to get started. Some beginners may ask “How to play Binomo?”, but

S&P Global Ratings also affirmed its BB+ long-term issuer credit ratings for the company and its subsidiary Emaar Malls PJSC Source link

Eyewa has a presence in the UAE, Saudi Arabia, Kuwait, Qatar, Oman and Bahrain Source link

Ruler Sheikh Mohammed bin Rashid Al Maktoum announces move to create new entities for commerce, digital economy and international trade Source link

No Middle Eastern countries are added to Britain’s quarantine-free travel list in latest blow to regional tourism industry Source link

Rapid advances in technology, as well as more people working remotely and avoiding face-to-face meetings, has resulted in an increase in documents being signed electronically. When it comes to the signature of agreements of sale for immovable property, people are well advised to be cautious before putting their pens aside and embracing the various applications

Bank’s chairman says move is a ‘firm endorsement’ of strong underlying profitability and operational performance Source link

Mercedes-Benz Cars has a announced a R3bn investment into the Mercedes-Benz East London plant. This comes after the car manufacturer made a R10bn investment into the same plant in 2018. Jörg Burzer, a member of the Mercedes-Benz Cars board, said: “South Africa is an important location in our global Mercedes-Benz production network. The team in

The creativity of fashion designers is a valuable resource that must be nurtured if African countries are to grow their fashion industries into competitive global players. This was the impassioned message from Lucilla Booyzen, CEO of SA Fashion Week, during a recent Fashionomics Africa webinar titled Textile and Fashion Value Chains: Opportunities for the Private

More and more small and medium business owners in South Africa are looking to develop bespoke brands in consumer product lines such as health and beauty as a way of creating value and differentiating themselves in a competitive market. They are answering the call from consumers for unique products that offer alternatives to the international

Deutsche Bank selects Oracle Exadata Cloud@Customer to consolidate key databases in its selected data centres. The innovation partnership aims to modernise Deutsche Bank’s mission-critical databases and enable new financial products and services Source link

As South Africans, we’ve become rather accustomed to the prices of just about everything going up on an annual basis. Electricity is no different. With Eskom, South Africa’s national energy provider, facing various challenges which look set to continue for the foreseeable future, 2021 will see the highest electricity price increase of the last decade.

When you’re looking to buy a business, there are a number of considerations to make before you commit. Ascertaining any red flags when buying a business can be done by having specific business-related questions answered. These questions revolve around financial, legal, and operational factors, as well as assets. This will help give you insight into

The Special Investigating Unit (SIU) has been granted a preservation order to freeze approximately R22m held in bank and investment accounts linked to Digital Vibes (Pty) Ltd. The order was granted on 17 June 2021 by the Special Tribunal. This is as part of taking action against those implicated in corruption, maladministration and malpractice, in

British tourism bodies up in arms as government continues to limit global travel, putting millions of livelihoods at risk Source link

Fund recorded 20.9% growth in assets in the year ended March 31 Source link

Property investment is a costly affair, so one should take as much care in selecting the right sales or rental agent as one would choosing a babysitter. Source: Supplied The Rawson Property Group’s regional sales and commercial manager, Craig Mott, and national rentals manager, Jacqui Savage, share their advice on the attributes you should be

Deferred Payment Program has already impacted $45bn of payments since it began in March 2020 Source link

But, in reality, how do multinationals respond both to global norms and diverse local expectations? This is especially salient in some African contexts. Many governments have developed empowerment regulations to increase the participation of local people in the economy. The aim has been to address the legacy of colonial policies that excluded citizens from controlling

In this changing world, trends are emerging that are set to transform investment markets globally… Discovery Invest has partnered with Goldman Sachs Asset Management, to introduce a new investment opportunity giving access to a range of thematic equity portfolios designed to give exposure to global megatrends. The Discovery Global Megatrends Fund is available on both

The benefits of healthy sleep are numerous: a longer life, improved memory and increased creativity, physical health and weight control Source link

Massmart, the owner of Makro, Game and Builders Warehouse, says its localisation focus is bearing fruit with visible benefits being experienced by both the group as well as an increasing number of local suppliers. During the past nine months, the group, in partnership with the Department of Trade Industry and Competition (DTIC), has reviewed its

Scott Armstrong, editor-in-chief, will be joined by experts to discuss how alternative citizenships offer invaluable opportunities to high net worth individuals to travel freely, gain access to better tax jurisdictions and explore new investment opportunities Source link

The current record-low interest rate has sparked activity from buyers across all price bands, with one mortage originator seeing an almost 60% increase in bond applications for May, when compared year-on-year. Source: © Susan Richey-Schmitz – 123RF.com This growth is significant, as it compares favourably with the massive uptick in bond applications seen this time

The pandemic has forced many companies to restructure, and the trend is likely to continue as consolidation occurs across sectors Source link

The Kuwait Investment Authority, the world’s oldest state investment vehicle, has been in limbo since its board’s tenure expired two months ago Source link

Under Mohamad Abou Laban the Deyaar FM staff accommodation was upgraded and moved to Al Quoz, reflecting on a higher staff retention and satisfaction Source link

New research highlights annual compound growth rate of 4.4% over five years Source link

The crash was caused by a surge in new subscriptions after Abu Dhabi implemented its green pass system that relies on the use of the app to enter shops, malls, events and other facilities Source link

The alleged loss of some $3.6bn Bitcoin through Africrypt investment company brings home just how risky this asset class truly is. Such incredible loss, though unfortunately not yet falling under the Financial Services Conduct Authority’s (FSCA’s) direct responsibility is likely to impact the velocity of crypto-asset regulatory development. The recent announcement by the Intergovernmental Fintech

Sources say Batelco has hired the investment arm of Samba Financial Group as an adviser on the deal Source link

When you subscribe, you’ll also gain access to exclusive columns from globally renowned writers and thought leaders and stream “On Demand” footage from our market leading AB Forums. Source link

In a partnership branded Colossal Concrete Products, Mahuma Investment Holdings (MIH) and Randvest Capital Investments, along with two other investors, have acquired Aveng Infraset’s Brakpan and De Aar facilities. Colossal Concrete Products CEO Gwen Mahuma “Following a professional, smooth and synergistic transaction with Aveng, which is effective from June 1, the two precast concrete facilities

Middle East and North Africa sees just three IPOs raising $294.8m during the first quarter of 2021, down 64% on Q1 2020 Source link

Sheikh Mohammed approves the formation of the board of the Emirati Genome Program Source link

Australia’s Fortescue Metals Group said on Tuesday, 15 June, it was in talks with the Democratic Republic of Congo’s government to develop a hydroelectric power project that could become the largest in the world. Grand Inga 3. Photo: Congo Research Group The discussions concern exclusive rights for Fortescue’s green energy unit to develop the more

Empowering ‘citizen developers’ to lead innovation will enable UAE organisations to effectively overcome technical skills shortages and reduce time to market for new digital services Source link

According to recent data from Lightstone Property, sectional title properties are becoming the segment of choice for home buyers in Sandton. Estate and sectional title stocks in Sandton have soared since 1994, during which time sectional title accounted for 41% of newly developed properties and the majority were released in Paulshof. In 2020, sectional title

South Africa’s retirement outcomes will improve radically if all retirement funding contributions are kept invested when fund members change jobs. Other quick wins include increasing the minimum government pension; delaying the government retirement age beyond 60 years; and refocusing the industry from saving a lump sum at retirement to providing a sustainable income in retirement.

Portugal’s Galp Energia , a partner in an Exxon Mobil-led gas consortium in Mozambique, will not invest in onshore plants there until authorities guarantee security and social stability, which may take time, CEO Andy Brown told Reuters. A Galp Energia refinery is seen near Sines, file. Reuters/Rafael Marchante This marks a second setback to Mozambique’s

The platform, managed by newly appointed chief digital officer Hadi Raad, seizes a market opportunity in millennials and regional HNWIs Source link

The Public Investment Corporation (PIC) has confirmed that it is not funding the 51% stake acquisition in South African Airways (SAA). The confirmation comes after media reports and comments over the weekend suggested that PIC funds will be used for the acquisition of the stake by Takatso Consortium. “The PIC is not involved in this

South Africa has signed a plan that aims to revive the local steel industry and boost output, the Department of Trade, Industry and Competition said on Sunday, 13 June. A worker cuts through steel at the Southern African Shipyards in Durban. Reuters/Rogan Ward The master plan for the steel and metal fabrication sector – an

The residential property market inevitably moves through cycles and homeowners are always wanting to know if now is the right time to sell and move or not. There are a number of reasons why now may be the right time for sellers to list their properties. 1. The market is slowly shifting The residential property

TUHF, with the assistance of Standard Bank, has launched its Sustainable Bond Framework and first social bonds. TUHF is a non-bank financial services company that borrows money from the capital markets and invests it in inner-city areas, extending finance to small scale property entrepreneurs who want to grow their rental businesses. In particular, TUHF targets

The global Covid-19 pandemic has altered how manufacturers view warehousing and distribution. Global lockdown caused demand and supply shock waves to ripple around the globe and shift at lightning speed as consumers were forced to swap in-store purchases to online shopping. In spite of the enduring crisis, a silver lining seems to be emerging. Recent

Time is running out to invest in the fastest growing industry on the planet, with the section 12J tax investment incentive, which ends on the 30 June 2021. “Astute investors still have an opportunity to invest in a brand new asset class, behind a solid management team, with super high investment returns and a remarkable

The cloud-based software firm has gathered together thought leaders to discuss how digital transformation, smart data and tech-driven innovation can help businesses level up in a post-pandemic world Source link

Necessity breeds innovation, and this was certainly the case during Cape Town’s 2017/18 drought when dam levels reached alarming levels. The city was brimming with ideas and possible solutions from all spheres on how to avoid Day Zero – the day household taps would run dry. This is where Aquasky’s startup story begins – a

North West Premier, Prof Tebogo Job Mokgoro, has dispatched a team to meet the management of Clover in an effort to halt the looming relocation of the company to Durban and save jobs. The team, led by the MEC for Agriculture and Rural Development, Desbo Mohono, visited the factory on Tuesday. Clover recently announced that

Sharing knowledge that helps people make better investment decisions is a huge reward factor for Nicholas Riemer. The 31-year-old heads the investment education space within FNB Wealth and Investments, and lectures on certain financial topics to UJ, Monash as well as the South African Institute of Chartered Accountants (Saica) board courses when time permits. Nicholas

Airline to become the first low-cost carrier in the Middle East to operate direct flights to London Heathrow Source link

It has been more than three years since the South African Revenue Service’s (Sars’) media statement on cryptocurrencies, in which it said that it would apply “normal income tax rules” to cryptocurrencies when assessing whether a gain is revenue or capital in nature, and that crypto assets are not seen as currency for income tax

Hamdan Bin Rashid Cancer Charity Hospital is set to open its doors to the first patients in 2023 Source link

The Gulf is home to Dubai and Abu Dhabi, both of which lead the pack of the Middle East and North Africa’s smartest cities, and GITEX will play host to innovative economic leaders from across the GCC as they look at how to continue developing beyond the pandemic Source link

South African Breweries (SAB), part of Anheuser-Busch InBev, has reinstated its investment programme that was cancelled last year, allocating R2bn for its home operations, the company said on Monday. A bartender serves a beer produced by brewing company SAB Miller at a bar in Cape Town, September 16, 2015. Reuters/Mike Hutchings/File Photo The maker of

Region-wide manufacturing and industrialisation strategies are making their presence felt and specialised free zones with financial, leasing, and protocol incentives have sprung up to service these ambitions Source link

The past 15 months have been an interesting but uncertain time in global markets. As several major economies started to emerge from the pandemic, the first quarter of 2021 was all about reflation – a belief that massive fiscal stimulus, historically low-interest rates and the reopening of economies on the back of Covid-19 vaccinations will

Thungela Resources started trading on the Johannesburg Stock Exchange (JSE) today, marking the completion of its demerger and separation by Anglo American’s South African thermal coal assets. July Ndlovu, CEO, Thungela Resources “We are excited to be listing Thungela today. The company plays an important role in providing affordable energy to both our customers in

In its 2020 sustainability report, the group sets new targets for its strategy in Saudi Arabia for the next three years, and its goals are in line with Saudi Arabia’s Vision 2030 Source link

Dine-ins in quick bites and cafe menu categories saw the biggest uptick in Q1 2021, new research indicates Source link

Sheikh Ahmed says July 22 launch also shows commitment to the US market after coronavirus crisis Source link

Sheikh Tamim bin Hamad Al Thani says Qatar’s preparations for 2022 World Cup are nearing completion Source link

There is a prevailing mood of optimism, even in sectors hard hit by coronavirus, specifically in the UAE and the GCC generally, writes Ali Akawi, CEO of ITP Media Group Source link

For the first time in 20 years, a merger may be prohibited on public interest grounds alone. A ground-breaking recommendation by the Competition Commission (Commission) to the Competition Tribunal (Tribunal) to prohibit the proposed sale by Grand Parade Investments Limited (GPI) of its investment in Burger King (South Africa) to a US private equity firm

South Africa’s fiscal deficits are declining slightly faster than initial expectations, but slow progress on the rollout of coronavirus vaccines and structural reforms will continue to hamper progress, ratings firm S&P Global said on Thursday. The S&P Global logo is displayed on its offices in the financial district in New York City, U.S., December 13,

UK Government adds a further seven countries to its ‘no-fly’ list as country fears third wave of pandemic Source link

The Northern District California court is expected to give its judgment later this week on a lawsuit challenging certain amendments EB-5 regulations, which, according to immigration experts, could potentially bring down the investment requirement to the earlier level of $500,000 Source link

Companies who do not comply will be faced with a fine of AED5,000 per worker and a maximum of AED50,000 should several employees be found to be working during the ban Source link

The devastating consequences of Covid-19 have led to a deepening recognition that business as usual is highly destabilising and the source of our darkest fears. It has shattered the mental mirrors that have prevented us from breaking from the past and embracing new horizons. In “Rescue: From Global Crisis to a Better World I show

Move comes as the MENA region is becoming an increasingly important market for the Spanish league Source link

The sure-shot way to be a leader is a cakewalk, but it requires great courage to emerge unique and better than the rest Source link

South Africa’s manufacturing activity expanded at a faster pace in May as new sales orders grew, driven by domestic demand, the seasonally adjusted Absa Purchasing Managers’ Index (PMI) showed on Tuesday. A worker checks bottles of wine coming out of a production line at Nederburg Wine Estate in Paarl, South Africa, 8 July 2020. Reuters/Mike

For South Africa to work towards post-Covid economic recovery it will be necessary to reprioritise compliance to ensure both economic and environmental sustainability in the long term. Most organisations are fast realising that a compartmentalised approach to tackling compliance issues is becoming difficult to maintain as regulations increase to determine how these industries are run.

Affordable schools provider outlines vision to increase presence in UAE and grow into emerging markets Source link

Bruce Henderson, who has served as CEO of Rhodes Food Group for 22 years, is to retire in September this year and will be succeeded by Pieter Hanekom, the company announced on Monday. Based in Groot Drakenstein in the Western Cape, RFG’s growing portfolio of brands include the flagship Rhodes brand, Bull Brand, Bisto and

This is your last chance to choose where your tax money goes. The sunset is upon us. Attend our free, final 12J Summit and have all your 12J questions answered. Investing in Section 12J is low hanging fruit and should be top of mind for every savvy investor. This is a last opportunity for South

The Competition Commission has recommended to the Competition Tribunal that the proposed takeover of Pepkor’s hardware company The Building Company by Cashbuild be prohibited. As part of the acquisition, Cashbuild would have paid R1,1bn for The Building Company, which owns Buco, TimberCity, Tiletoria and other brands. Credit: Alexander via Pexels “The Commission found that the

In the current economic environment, businesses are keen to reduce debt by paying down their commercial loans. While this is a facility that banks offer their clients, and there are valid reasons to pay off a commercial property loan early, many clients unwittingly do so for the wrong reasons and to their own detriment. Preggie

Opening panel at latest AB Money Forum stresses importance of trust in financial advisors Source link

Marriott Hotels has announced its debut in Nigeria with the opening of Lagos Marriott Hotel Ikeja. Volker Heiden, area vice president – sub Saharan Africa, Marriott International, says: “We are excited to have opened the Lagos Marriott Hotel Ikeja, bringing Marriott Hotels’ transformed vision to Nigeria. “Lagos is a vibrant and bustling city

Following the volatility in the value of the cryptocurrency, Dominic Frisby, the author of Bitcoin: the Future of Money? discusses whether it’s a crash or correction, and looks at the ‘Musk’ effect. Source link

During the pandemic, existing e-commerce stores witnessed an unprecedented increase in sales, and many new players have entered this exponentially growing industry Source link

According to aviation analysts OAG, Dubai International Airport topped the global list with nearly 1.9 million scheduled seats despite ongoing impact of coronavirus Source link

Dubai Electronic Security Centre says ‘DubaiCoin’ is an elaborate phishing campaign designed to steal personal information Source link

SingularityU announces Exponential Finance Summit 2021, aimed at growing investment ecosystem in Africa SingularityU South Africa has announced its plans to host the SingularityU Exponential Finance Summit online in 2021. Taking place from 28-30 July 2021, the summit aims to build and grow an African investment innovation ecosystem by connecting South Africa and Africa’s top

A divisive Tweet from Elon Musk threw Bitcoin into disarray on 13 May, leaving traders wondering about the future of the cryptocurrency. Historically speaking, market reactions prompted by individuals go back a long way. We could look back at the time of JP Morgan himself in the 1920s, making various statements that led to the

A growing number of Latin America’s wealthy business people are looking to the UAE for 10-year investor visas, according to Damacorp Source link

Our exclusive in-person event at the JW Marriot Marquis in Dubai on May 31 will offer up insight on investing, real estate, crypto, online trading and the golden rules for growing your portfolio. Source link

What would Naspers do to find another investment as rewarding as Tencent, and Sequoia Capital, the only venture investor in WhatsApp, which turned its $60m investment into $3bn when Facebook acquired the messaging service, do to find another winner like that? According to the Harvard Business Review, the venture capital business is no longer that

Department of Tourism and Commerce Marketing targets residents and visitors with new ‘Get into the Green Scene’ initiative Source link

There is a new breed of home flippers in the property space who are doing things their own way and, in doing so, not only establishing a host of new property trends, but transforming whole neighbourhoods, according to Yael Geffen, CEO of Lew Geffen Sotheby’s International Realty. Image supplied “Flipsters are hipsters who flip homes,

Released annually, in conjunction with the Green Building Council of South Africa (GBCSA) and sponsored by Growthpoint Properties, the MSCI South Africa Green Annual Property Index provides an independent, globally consistent view on the investment performance of green-certified and non-certified offices. Growthpoint office development at 29 Richefond Circle, Ridgeside, Umhlanga, KZN At the end of

Shariah-compliant real estate investment trust last week offered to exchange the unsecured sukuk securities due in 2022 for new secured notes maturing in 2024 Source link

We often talk about the importance of looking beyond prevailing narratives to find value. Narratives are easy to buy into, partly because as humans we enjoy a good story, and partly because they are simple and easy to understand. They help us make sense of the world, and they also make it easy to buy

From a city’s built-up area for expansion interspersed with green spaces to regeneration efforts and mobility planning, every aspect must be analysed to create futuristic, sustainable urban master plans Source link

Nearly 15% of homeowners who sold and bought homes in the three years leading up to 2020 have moved from cities to smaller towns. This is according to recent data shared by Lightstone Property which highlights that most of these purchases from the Western Cape and KwaZulu-Natal show the appeal of opting for a quieter

Police fire tear gas at young Omanis outside the Labour Ministry and governor’s office in Sohar Source link

The country has also seen more senior corporate leaders making the switch to entrepreneurship during the pandemic Source link

The European Union (EU) is considered by many to be the leader in sustainability regulation. This is true in the sense that it was the first to set the foundations for a sustainable finance framework and has a head start in developing the corresponding regulation. Other markets, particularly Asia, are close at its heels, and

The South African rand extended gains on Monday, passing the 18-month best reached on Friday as the currency drew strength from rating agencies holding the country’s credit rating and outlook at current levels. South African bank notes featuring an image of former South African President Nelson Mandela are displayed at an office in Johannesburg, file.Reuters/Siphiwe

Dr Afnan Alshuaiby, founder and CEO of FNN International and chairperson of the Arab International Women’s Forum was addressing a panel session at the recent Arabian Travel Market Source link

Dubai is a second home to a multitude of Indians from various walks of life; many own property here for investment, leisure or to live in, Over the last few years, there has been a steady rise in the number of Indian residents opting to buy a home in Dubai Source link

Akbar Al Baker takes on key role at a pivotal time for the aviation industry as it slowly emerges from the impact of the coronavirus pandemic Source link

Saudi Ministry of Tourism announces appointment of World Travel and Tourism Council CEO and president Gloria Guevara Manzo as chief special advisor Source link

ADNOC Distribution has announced the appointment of Bader Saeed Al Lamki as CEO from May 27 Source link

Property entrepreneur Wendy Nwankwo, founder of The Living Collective “It’s important to be patient with yourself and growth as an entrepreneur. Success doesn’t come overnight. I feel it’s also important for businesswomen to pave the way for others to participate in industries or spaces that are male-dominated. Know that you will fail but don’t be

The decision by the Reserve Bank to retain the repo rate at 3.5% (home loan base rate at 7%) is great news and underscores the best buyer’s market in decades. While to date, much of the updraft in the property market has been interest-rate induced, driven by first-time buyers, overall volumes, which is about 20,000

Mazoon Electricity Company says funds will be used to finance its capital expenditure plans for 2021 Source link

After announcing at their previous meeting that the interest rate may increase by 25 basis points in the second quarter, the Monetary Policy Committee (MPC) cut the country a break today when it announced that interest rates will remain stable, keeping the repo rate at 3.5% and the prime lending rate at 7%. This means

Investec Property Fund’s (IPF) strategy of repurposing office assets and “amenitising” office space has become even more relevant after the Covid-19 pandemic hit demand, the South African fund’s joint-CEO Darryl Mayers said on Wednesday, 19 May. Structural shifts were already emerging prior to the pandemic with the increased prevalence of flexible working and shared office

Investec Property Fund’s (IPF) strategy of repurposing office assets and “amenitising” office space has become even more relevant after the Covid-19 pandemic hit demand, the South African fund’s joint-CEO Darryl Mayers said on Wednesday, 19 May. Structural shifts were already emerging prior to the pandemic with the increased prevalence of flexible working and shared office

Life can be challenging and sometimes downright unfair. It is how we respond to these challenges and unfairness that determines our destiny. No one else lives inside your head except for you, and the daily decisions you make in response to everything you see, hear and dream about are what shape your future. My personal

EU countries agree to reopen their borders to nations and travellers deemed safe in the continent’s most significant move yet to return to normalcy Source link

According to Gartner, the worldwide semiconductor shortage will persist through 2021 and is expected to recover to normal levels by the second quarter of 2022. Photo by Harrison Broadbent on Unsplash Kanishka Chauhan, principal research analyst at Gartner, said: “The semiconductor shortage will severely disrupt the supply chain and will constrain the production of many

South Africa has a well-developed formal financial sector, however the country also has a population that ranks high in terms of indebtedness, according to the World Bank. In addition to these high levels of borrowing, South Africans also stand out in terms of poor repayments and many are trapped in a debt spiral. Brett van

CEO of Saudi Tourism Authority, Fahd Hamidaddin, reveals bold plans for relaunch of Saudi Seasons programme in Q4 this year Source link

Investec Property Fund Limited (IPF) on Wednesday, 19 May, reported a 33.8% fall in annual distributable earnings per share due primarily to the impact of Covid-19 and related rental concessions granted to tenants. Distributable earnings per share, the primary underlying financial performance measure in the listed property sector, fell to 97.08 cents for the year

The SA Property Investor’s Network (Sapin) will be hosting a property roadshow at the Aha Gateway Hotel in Umhlanga in Durban on Thursday, 20 May. The keynote speakers for the event are Sapin CEO and founder Andrew Walker and portfolio manager at TUHF Sabir Yusuf. “It’s been a while since we’ve been able to travel

Sheikh Mansour seeks to remove the most significant financial barrier to fans attending the final, says club Source link

Commenting ahead of the third repo rate announcement for 2021 later this week, Carl Coetzee, CEO of BetterBond, says it is unlikely that the repo rate will climb above 4% for a while yet. “Rates will eventually start to increase, but the prime lending rate is not going to hit double digits in the near

Africa has the opportunity to follow in the footsteps of Asia’s manufacturing giants over the next decade, using industrialisation as a strategy to uplift millions of people from poverty and create jobs for its burgeoning young population. In doing so, it could reinvent itself as the world’s next production powerhouse. That’s according to Vinny Perumal,

Pardon Makumbe, co-founder and managing partner of CRE Venture Capital When you look at raising capital in Africa, what can we see in the current landscape? Our continent is a big place made up of regional ecosystems, each with its own unique personality and dynamism. The regions we know the best are South of the

Accessing retirement saving early to cover the shortfall and stopping retirement savings altogether are two of the alarming trend emerging in a Transunion survey. In addition the World Bank’s 2019 report, South Africa’s savings rate is 15% of its GDP—10% below the world average. While the 2020 Ipsos/News24 poll amongst 52,287 readers, more than four

Akani Retirement Fund Administrators (Akani), the country’s largest Black-owned and managed retirement fund administrator with R26bn total of clients’ assets under management, has unveiled a new corporate brand to position itself for growth and in response to dynamic changes in the South African retirement fund industry. Zamani Letjane, the managing director of Akani, said: “Our

After a year of global volatility, the property market remains one of the most mercurial sectors. It’s only the most agile industry players who have weathered the pandemic storm. And, with no end to the uncertainty in sight, a responsive attitude from both landlords and developers will be required for some months yet. Gary Palmer,

Active funds have been subjected to continuous waves of attack from passive alternatives, and the gist of the argument is that they are in some way inferior to their passive peers. The reasoning is mixed, but the argument’s primary drivers are historic underperformance over the past five years, lower fees and fund costs, and high

SVAI (Shared Value Africa Initiative) is excited to invite all CEOs and executives to the 2021 CEO Connect Roundtable on 4 June! Themed ‘Competitive Collaboration in Africa – One Africa, One Voice’, this high-level leadership engagement platform aims to bring business leaders together for vital discussions reflecting the current regional, continental and global context and

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, said: “Good crisis management is a guaranteed investment.” Source link

Deal will expand Firefly’s operations into the Middle East for the first time through a joint-venture office in the UAE capital Source link

Gulf Pharmaceutical Industries reports a 60% jump in net sales during Q1, boosted by a recent re-entry into key markets Source link

Europlaw Group, operating predominately from the Republic of South Africa and the United Kingdom, decided to establish the SADC-focused Europlaw Group Fund. From its base in South Africa, the fund will focus its attention on both the SADC and the African continent. The founding members for the Europlaw Group Fund are the Europlaw Group of

Free Zones Council will adopt key non-financial performance indicators for free zones, re legislation Source link

Redefine Properties shareholders will have to wait a little longer for a dividend after the company said on Friday, 14 May, that it has deferred a decision on an interim payout until the release of annual results in November. The owner of retail, office and industrial properties cited the effects of the Covid-19 pandemic and

Elon Musk’s sudden U-turn regarding Bitcoin on Twitter – which sent prices plummeting by 15% – could be more of a PR stunt than anything else. Elon Musk. Photo: Duncan.Hull – own work/Wikipedia The Tesla billionaire boss said the company will halt sales of cars using Bitcoin due to the environmental impact of mining that

Proposed changes to the Pensions Funds Amendment Bill, currently before Parliament’s Standing Committee on Finance, will allow retirement fund members to access a portion of their retirement savings in cash before retirement as a guarantee for a loan. But the long-term losses outweigh the short-term gains The Democratic Alliance (DA) has proposed that the law

World Bank says India saw remittances fell by just 0.2% in 2020 overall, as resilient flows from the US and other host countries offset decline Source link

Investors are celebrating the suspension of one of the main party rivals of South African President Cyril Ramaphosa as a sign that he is finally tightening his grip on the governing African National Congress (ANC). President Cyril Ramaphosa delivers his State of the Nation address in parliament in Cape Town, South Africa, February 11, 2021.

Rosebank encompasses the excitement of fast-paced city life and the calm beauty of leafy suburbia, placing it in high demand for both business and residential investment players. All major property developers have ensured a foothold in what is fast becoming Johannesburg’s next and most sought-after urban living node. Rosebank, Johannesburg. Image source: Facebook Rosebank is

Small Business Development Minister Khumbudzo Ntshavheni says the department is in talks with the Department of Trade, Industry and Competition to designate more products under the 100% local content category to support SMMEs in the local manufacturing sector. Getty The Minister said this when Ministers in the economics sector replied to oral questions in the

South Africa’s manufacturing production increased by 4,6% in March 2021 compared with March 2020, according to data from Statistics South Africa (Stats SA). A worker inspects cars at Nissan’s manufacturing plant in Rosslyn, outside Pretoria, file. Reuters/Siphiwe Sibeko The largest positive contributions were made by the following divisions:• food and beverages (10,4% and contributing 3,0

The rand weakened in early trade on Tuesday, breaking back above 14.000 against the US dollar, in cautious trade ahead of local manufacturing data and US inflation figures. A street money changer counts South African rands in Harare, Zimbabwe, file. Reuters/Philimon Bulawayo At 0631 GMT, the rand traded at 14.0600 against the dollar, 0.31% weaker

Like the mining companies they service, mine suppliers and technology providers should be looking beyond the customer demands of today to remain relevant to the investors of tomorrow. Joe Keenan, MD, BME The world has become rapidly alive to the threats posed by climate change, and mining companies are seeing their shareholders demanding more than

Could you take us through the funding stages of starting a business? (levels of seed funding, early stage funding, etc.) Typical stages of funding in the VC industry: Pre-Seed – typically at MVP but pre-revenue Seed Stage – some proof of concepts (“PoCs”) and/or pilots in place, could be pre-revenue still or barely post revenue

Shopping malls and retail business giant reported profits of $87m for first three months of the year Source link

Husain Roomi, co-founder of H2R Design, shares his thoughts on whether this revolutionary technology is the design world’s next big thing Source link

Khalaf Ahmad Al Habtoor, founder of the Al Habtoor Group, says he is ‘shocked and surprised’ by Britain’s decision Source link

Experts say the latest ruling will ‘substantially’ dampen travel between Britain and the UAE Source link

Three subsidiaries of International Holding Company will be listed on Abu Dhabi Securities Exchange’s second market Source link

Qatar’s prosecutor to question minister over alleged abuse of power and misuse of public funds Source link

The eThekwini Furniture Cluster (EFC) Business Accelerator is open for applications from small businesses in KwaZulu-Natal that currently supplies, or could supply, goods or services to the furniture sector. Successful applicants that excel during the pitching process will be in the running to gain a lucrative business contract with South African furniture retailers, @home, CLM