News

Boxer Retail Limited (Boxer), a majority held subsidiary of Pick n Pay Stores Limited (Pick n Pay), has followed the lead of Pick n Pay with a secondary listing on A2X Markets (A2X). Boxer CEO Marek Masojada. Image supplied Boxer began trading on A2X on the same day that it listed on the Main Board

The yen jumped more than 1% against the US dollar to a six-week high on Friday after faster-than-expected inflation in Tokyo supported bets for a Bank of Japan interest rate hike next month. Source: Reuters. The dollar sagged against its peers in trading thinned by the US Thanksgiving holiday. “The yen is turning into the

This action underscores the severe risks posed by illegal pesticides, such as Terbufos and Aldicarb, being sold by these businesses. Terbufos is an organophosphate chemical that is registered in South Africa for agricultural use, and is not allowed to be sold for general household use. However, Terbufos is being informally sold as a so-called ‘street

Despite the Covid-19 pandemic, inflation-fighting interest rates and slow economic growth, South Africa boasts the largest commercial real estate (CRE) industry in Africa. If recent reforms persist, interest rates continue to lower and key metros stabilise, a long-awaited commercial property boom could follow. Source: Pexels. According to Gmaven, a provider of real estate software and

The sports and energy drinks market is witnessing robust growth, driven by the powerful influence of celebrity and influencer endorsements. Brands both globally and locally are rolling out innovative, lifestyle-focused sports and energy drinks offerings that harness the brand power of athletes, influencers, and celebrities. These strategic partnerships boost sales and amplify brand visibility by

The US dollar rose on Tuesday, 26 November 2024 after President-elect Donald Trump said he would impose tariffs on products coming into the United States from Mexico, Canada and China, as investors braced for policies that could set the stage for trade spats. Source: Reuters. In an initial knee-jerk reaction to Trump’s comments, the dollar

JSE-listed Pepkor Holdings Limited has announced a 17% increase in group operating profit to R9.8bn with revenue growing to R85.1bn, driven by resilient performance across its retail and fintech operations. Image supplied The group, which released its reviewed annual results for the year ended 30 September 2024 declared a 48.5 cents per share dividend. Pieter

Both globally and locally, the bottled water market has seen significant innovation in packaging designs, driven by consumer preferences for convenience, sustainability, and enhanced functionality. This shift is part of a broader trend, with demand for user-friendly packaging surging as health-conscious individuals prioritise hydration on-the-go. Consequently, companies are increasingly adapting their product packaging to meet

South African grocery retailer Pick n Pay raised R8.5bn after selling a 34.4% stake in its discount chain Boxer at R54 per share to institutional investors in an initial public offering, it said on Monday, 25 November 2024. Source: Reuters/Siphiwe Sibeko The IPO is the second and final step of CEO Sean Summers’ two-step recapitalisation

Following another interest-rate cut, Gauteng is the property market to get into right now. Source: Supplied. According to Samuel Seeff, chairman of the Seeff Property group, Gauteng offers the best value in the country at present, and this is across almost all price categories including luxury property. He says the latest interest-rate cut should be

Murray & Roberts (M&R) announced on Friday that it will be voluntarily suspending share trading. A quick look at the company’s financial statements reveals a turbulent year of liquidity constraints and operational setbacks. Despite stabilising revenue across its global underground mining businesses, the South African division suffered the descoping of the Venetia contract, which slashed

PepsiCo South Africa has expanded its Isando factory with a new potato chip production line with R746m investment. Image supplied This will create 100 more jobs in the community and position the company to meet the growing appetite for snack foods in Southern Africa. In addition to the South African market, PepsiCo South Africa’s chips

Voted by Forbes as one of the coolest neighbourhoods in the world, Kalk Bay’s growing popularity is clearly evidenced by skyrocketing median property prices that reached record highs this year and, with very little available land left for new development, this quaint seaside village is set to become the Cape’s hip holy grail. Source: Supplied.

As the dust settles around the outcome of the 2024 United States’ presidential elections, global investors are considering their stance on geographical exposures. This will have specific implications for emerging and frontier markets, especially when it comes to the African continent. Source: Pexels. While the jury is still out on what a four-year Donald Trump

With headline consumer inflation down to 2.8% last month (October 2024), which is significantly lower than 3.8% in September and the lowest since February 2021, the MPC was likely to reduce the repo rate by at least a further 25 bps, says Andrew Golding, chief executive of the Pam Golding Property group. Source: Dr Andrew

In 2022, Elon Musk paid $44bn for Twitter, and having acquired such a famous brand, changed its name to X. Why did he do it? Because he could. And when you have that kind of money floating about, it must be tempting to shock the world. It didn’t go well. The messaging system that, unlike

Investing in a coastal estate is beneficial for everyone from first-time buyers to families and retirees, but the big debate is often between buying a home or buying land and building oneself. Source: Pexels. While buying a completed home is a better investment choice for some, there are some significant benefits to buying vacant land.

In a strong demonstration of its ongoing commitment to supporting investment in KwaZulu-Natal, Sappi Southern Africa has pledged to invest R10.8bn in the province over the next five years. This significant pledge was announced by SappiSA CEO Alex Thiel at the KZN Investment Conference, held at the Inkosi Albert Luthuli ICC in Durban on 11

On 25 July 2024, President Ramaphosa assented to the Companies Amendment Act, 2024 and the Companies Second Amendment Act, 2024, each of which will come into operation on a date to be fixed by the President by proclamation in the Gazette. Image source: Aleksandr Khakimullin – 123RF.com Much has been written about the changes to

Deputy Minister of Finance, Ashor Sarupen, issued a stark warning during the National Construction Summit. The ministerial keynote highlighted the severe economic impact of the so-called construction mafia on South Africa’s economy. Addressing an audience that included prominent government officials and industry leaders, the Sarupen revealed that criminal syndicates and site disruptions have hindered over

Nestled along the banks of the Crocodile River with panoramic views of the world-renowned Kruger National Park, Simbini Lifestyle Estate stands as a beacon of luxury living in the heart of Mpumalanga. Source: Supplied. This exceptional estate redefines exclusivity, offering residents a harmonious blend of nature, serenity, and modern conveniences. Simbini Lifestyle Estate offers unparalleled

It seems we just cannot shake the reference to “smart” factories in the modern manufacturing world. Everywhere you turn, there are new systems, equipment and systems being pushed to make the factory smarter and in today’s fast-paced manufacturing landscape, anything that can improve operational excellence must be considered. Johan du Toit, strategic sales executive for

Emira Property Fund (JSE: EMI) reported strategic delivery, diversification-enhancing acquisitions, active capital recycling, and strong operational and balance sheet metrics for its six-month interim period ended 30 September 2024. The company’s interim distributable income per share increased by 6.9%. It declared a 1.1% higher cash-backed interim dividend per share of 62.39c. Emira’s net asset value

The seventh annual African Agri Investment Indaba, scheduled for 19-20 November 2024 at the Cape Town International Convention Centre, will feature the highly anticipated Investor Discovery Sessions (IDS). These sessions will connect investors, financiers, and stakeholders with over $1bn in vetted agricultural projects, highlighting key opportunities for investment in Africa’s agriculture sector. Source: Supplied With

Bizcommunity Recruitment packages are used by hundreds of recruiting companies and specialist recruiters to find candidates from graduate and entry level to senior and executives finding their next level jobs in the heart of the B2B media on Bizcommunity. Recruiters, find job seekers tracking thousands of job vacancies by sector, region and experience level on

When Donald Trump steps into the Oval Office on 20 January 2025, and starts implementing all his proposed economic policies, it may initially negatively impact the United States (US) and global economic growth, according to Citadel chief economist, Maarten Ackerman. Source: Supplied. Chief economist and advisory partner at Citadel, Maarten Ackerman. Source: Supplied. Citadel’s chief

The US dollar scaled a fresh 6-1/2-month peak against other major currencies on Wednesday, 13 November 2024, and the Japanese yen fell to its lowest level since July, driven by so-called “Trump trades” ahead of key US inflation data later in the day. Source: Reuters. The dollar is reaping the benefits of Republican Donald Trump’s

Over the past few months, the rand has strengthened considerably against major currencies. Driven by optimism around the government of national unity (GNU), bigger interest-rate cuts by the Reserve Bank than the Federal Reserve, and a general positive swing in sentiment towards emerging markets, it’s seen particularly significant gains against the US dollar. Within the

<p><img src=”https://biz-file.com/c/2411/757421-208×117.jpg?5″ width=”208″ height=”117″ alt=”Source:” align=”left”><br><span >Source: [[https://www.pexels.com/search/Trading%20Floor%20with%20Bond%20Market%20Indicators/ Pexels]]&lt;/span><p>Bond investors sounded the alarm bell last week on Trump’s second presidential term.</p><br> <a href=”https://www.bizcommunity.com/article/us-bond-sell-off-a-harbinger-of-things-to-come-255997a”>Read more…</a> | <a href=”https://www.bizcommunity.com/Request/SendToEmailRedirect.aspx?ct=1&ci=253350″>Send to a friend</a></p><div style="clear:left"></div> Source link

Investors call it the eighth wonder of the world. Every fund manager knows the old quote that, “He who understands it, earns it; he who doesn’t, pays it.” The “it” in question is compounding – and it’s the magic ingredient in the Λnβro Dynamic Compound portfolio, an Actively Managed Certificate (AMC) recently listed on digital

The euro hit a 4-1/2-month low against the US dollar as investors worried about possible US tariffs which would hurt the euro area’s economy. Source: Reuters. The greenback was within striking distance of the levels seen right after the US presidential election against major currencies as markets focused on data and Federal Reserve speakers and

Boxer, a wholly-owned subsidiary of the Pick n Pay Group, published its pre-listing statement as it commences the process of listing on the Main Board of the Johannesburg Stock Exchange (JSE) on 28 November 2024. Boxer also plans to have a secondary listing on the A2X. Image supplied As part of the IPO, the Pick

Deputy Minister of Energy and Electricity, Samantha Graham-Maré, revealed that South Africa has imported R17bn worth of renewable energy materials – including solar panels, inverters, and lithium-ion batteries – in just the first nine months of 2024. This import figure reflects a growing demand for renewable energy solutions, with total imports in the sector now

New sanctions against Russia announced by the British government on Thursday, 7 November 2024 will also target three private mercenary groups with links to the Kremlin, including Africa Corps, and 11 individuals associated with Russian proxies. In addition, the sanctions target entities based in China, Turkey and central Asia involved in supply and production of

The South African Real Estate Investment Trust Association (SA REIT) Association in partnership with Nedbank Corporate and Investment Banking (CIB) has launched the SA REIT Sustainability Disclosure Guide, aimed at establishing sustainability standards and best practice benchmarks for the real-estate sector in South Africa. Source: Supplied. Joanne Solomon, chief executive officer of SA REIT Association.

Think long and hard about what to do with an unexpected financial windfall. That’s the lesson from a new High Court judgment involving a woman who decided to invest an inheritance in a policy, only to find out later that the terms and conditions of the contract didn’t suit her. Nosifiso Chigombo unfortunately misunderstood the

Asian stocks pared early gains on Friday, 8 November 2024 as investors cautiously turned their focus to stimulus announcements from China later in the day with Beijing’s week-long legislative meeting drawing to a close. Source: Reuters. Regional equities had started the day by tracking Wall Street’s overnight rise to record highs, with investors digesting the

For the past seven years, South Africa’s listed property sector has been in the doldrums. A toxic cocktail of economic weakness leading to rising vacancies, the devastating impact of Covid-19 lockdowns and higher interest rates, and the added burden of load shedding and various other costly utility challenges, created a perfect storm. It brought cruel

The recent US election has brought a lot of uncertainty into international financial markets, and emerging markets, to which South Africa and the rand are no exception, being one of the more vulnerable markets when faced with sudden change. Source: Reuters. When markets are confronted with uncertainty, there is usually a flight of funds towards

It’s time to challenge some misguided assumptions about financial markets. One common belief is that South African markets are underperforming compared to those in the US. Source: Reuters. While South Africa has faced economic challenges, the idea that local equity investments should be avoided in favour of rand-hedge or offshore stocks is flawed. However, the

Donald Trump was elected president, capping a remarkable comeback four years after he was voted out of the White House and ushering in a new American leadership likely to test democratic institutions at home and relations abroad. Source: Reuters. Trump, 78, recaptured the White House on Wednesday, 6 November 2024 by securing more than the

Standard Chartered, a leading international cross-border bank, and British International Investment (BII), the UK’s development finance institution (DFI) and impact investor, have announced the signing of a $350m risk participation agreement. Source: BII. Chief executive officer of BII, Nick O’Donohoe, and Saif Malik, head of banking and coverage, UK, Standard Chartered. This facility aims to

The dollar eased on Tuesday, 5 November 2024, as traders squared positions ahead of what is expected to be a close US presidential election, while options volatility soared after recent polls dented some market bets on a victory for Republican Donald Trump. Source: Reuters. Democrat Kamala Harris has also experienced improving odds on election gambling

Wekaba, a manufacturer of medium to high-volume CNC machined automation components, has officially inaugurated its new R25m automotive manufacturing plant. Goodrich Kowane, Naacam NEC; Neil Sewnarain, Wekaba engineering business development manager; Sandile Buthelezi, Wekaba engineering shareholder; Gunter Haacke, Wekaba engineering managing director; Robert Spoon, Wekaba engineering shareholder; and Christiaan Schoeman, SAIG CFO | Image supplied

Coca-Cola Beverages Africa (CCBA) has invested $50m in a new bottling line in Namibia, capable of producing 27,000 bottles per hour. This upgrade will increase the plant’s output capacity by 30% and stimulate growth throughout the company’s value chain. Honourable John Mutorwa, Deputy Prime Minister and Minister of Works and Transport, cuts the ribbon at

RMB is pleased to announce Albertinah Kekana, chief executive officer of Royal Bafokeng Holdings (RBH) as the winner in the RMB’s Africa’s Fearless Thinker category at the 12th Gender Mainstreaming Awards (GMAs)—an initiative by Business Engage. Source: Supplied. Albertinah Kekana chief executive officer of RBH; Nana Phiri head corporate client groups at RMB, and Colleen

On Thursday, 21 November 2024, the Monetary Policy Committee will deliver its decision regarding the interest rate. With South Africa’s inflation easing and global central banks cautiously beginning rate cuts, the overall sentiment is that there is likely to be a further cut of around 0.25%. Source: 123RF. A further cut would be most welcomed,

In a city buzzing with real-estate turnover, it’s rare to encounter a property that’s as rich in history as it is in charm. One such find is Trovato House, a heritage marvel on the market for R45m. Source: Supplied. This storied colonial manor has sat perched on the verdant Wynberg Hill for 125 years, a

China’s leaders have shown clear intent on where they see policy heading. Over the past month we’ve seen a series of announcements from the central bank, financial regulators, the finance and housing ministries as well as the Politburo (see chart, below). But what do these announcements mean for markets? Schroders experts examine some of the

According to findings from the third quarter of 2024 (Q3 ’24), first-time homebuyers have started responding positively in the wake of interest-rate cuts at the end of September. Source: Supplied. Rhys Dyer, chief executive officer of ooba Group. The latest data from ooba Home Loans, South Africa’s leading home-loan comparison service, indicates early signs of

GWM South Africa’s sales director says the Chinese firm is “thinking” about setting up a local production facility, adding such a move is “on the cards” but still in its infancy. Is GWM South Africa – which has had a presence in the local market for more than 17 years – thinking about setting up

South African supermarket group Shoprite reported on Tuesday, 29 October 2024, its first-quarter sales rose 10.4%, buoyed by new store openings and growth across all its operating segments. Source: Reuters/Thomas Mukoya/ The retailer’s shares were up 5.86%. Shoprite said in an operational update that its internal selling inflation eased to 2.6% during August and September,

The Media Development Investment Fund (MDIF) has exited South Africa’s Mail & Guardian M&G ending its 22-year association with the company. Source: © Facebook Facebook The Media Development Investment Fund (MDIF) has exited South Africa’s Mail & Guardian The New York-based not-for-profit investment fund sold its majority shareholding in M&G to minority shareholder and former

Following last year’s successful pilot of its educational Recycle Carton competition in the Eastern Cape, Tetra Pak has teamed up with a broader manufacturer base – Orange Grove, RFG Foods and Woodlands Dairy – to increase awareness of the importance of recycling among schoolgoers and the importance of collective responsibility to protect our environment. Image

The term ‘unicorn’ refers to a privately held start-up with a valuation of $1bn or more. Examples of unicorns are Uber, NVIDIA, AirBnB, SpaceX and OpenAI. Unicorns, which tend to be disruptive technology businesses but can exist in diverse sectors, have offered handsome returns to investors who were involved from early in their growth journeys.

The dollar backed off a three-month peak on Wednesday, 30 October 2024 as investors waited for key economic data, while bitcoin sat close to a record high as traders raised their bets on a Donald Trump victory in next week’s presidential election. Source: Reuters. Meanwhile, the euro ticked up from a three-month low as inflation

Kenyan social enterprise Hewatele has taken bold steps to modernise its technology systems as it aims to transform its production capabilities and scale up supply of life-saving medical oxygen to facilities throughout East Africa. Source: Supplied. Cameron Beveridge, vice-president of SAP Enterprise Solutions at VC ERP. Hewatele is a social enterprise in Kenya that produces

Perhaps not surprisingly, and according to Lightstone statistics, the age cohort of home buyers reflecting growth in numbers since 2018 are those between 36 and 49 years – the largest group of purchasers, while those from 50-64 are also very active buyers and investors. Source: Supplied. Dr Andrew Golding, chief executive of the Pam Golding

On the eve of the Medium-Term Budget Policy Statement (MTBPS), there is a cautious optimism about the country’s economic trajectory. Source: © 123rf 123rf there is cautious optimism on the country’s economic trajectory on the eve of the MTBPS This year the MTBPS comes amidst decreasing inflation, which is still high, but gradually lower interest

South African retailer Pick n Pay, which is listing its discount grocery chain Boxer in Johannesburg through an initial public offering, said on Monday, 28 October 2024, that the base size of the IPO would be towards the upper end of its guidance. Source: Reuters/Siphiwe Sibeko Pick n Pay previously said proceeds from the IPO

“Cross-border payments are more than just transactions; they’re about overcoming regulatory complexities and reducing friction,” says Jill Wilmans, managing director of Secure FX, one of Africa’s leading cross-border payments and treasury service providers. “Our focus is on responsible innovation – understanding the rules, assessing the risks, and making it all work seamlessly.” Secure FX is

The conflict in the Middle East has witnessed an escalation. From an investment standpoint, the main question to ask in situations of heightened geopolitical risk like this is: “What is the transmission mechanism from this event to markets?” Or to put it in simpler terms, “What impact could this have on inflation, interest rates and

Brics countries are set to power two-thirds of global nuclear energy growth by 2030. To drive this momentum, the newly formed Brics Nuclear Energy Platform unites key players from Brics+ nations, including Russia, South Africa, China, and Brazil, fostering collaboration, knowledge exchange, and cutting-edge nuclear technology. Source: Supplied. Leaders of top nuclear organisations recently convened

The construction industry is a powerhouse, reshaping skylines and revitalising communities. But beneath the scaffolding, a growing threat is emerging. Jason Griessel, head of strategic risk services at Cushman & Wakefield | BROLL In recent years, tragedies like the George building collapse in South Africa, the L’Aquila earthquake in Italy, the devastating earthquakes in Haiti

Entrepreneurs, by their very nature, are able to leverage opportunity in both the good times and bad, however, the good times in particular create fertile ground for growth. There are many businesses in our country with high-growth potential, yet access to the capital needed to fulfil that potential is limited at best, and insufficient at

Global investors are looking through the short-term noise created by this year’s election cycle to harness the major trends of deglobalisation, disruption and decarbonisation by increasing their exposure to global equities and private equity, according to this year’s flagship Schroders Global Investor Insights Survey. Source: Schroders Global Investor Insights Survey. The landmark survey – which

Minister of Trade, Industry and Competition, Parks Tau, applauded the strides made in South Africa’s automotive sector, thanks to critical incentives and policy frameworks provided by the Automotive Production and Development Programme (APDP). Speaking at the South Africa Auto Week in Cape Town, Tau explained his views on the role of these initiatives in attracting

AgriEco Hub stood out as a powerful tool for channelling green finance into agriculture, addressing the need for accessible, measurable finance solutions that promote sustainability and biodiversity while reducing financial risks. The platform connects smallholder and commercial farmers with financial institutions to drive profitability and resource efficiency. Rochelle Mountany, CEO of AfriGIS “The hackathon allowed

South Africa’s rand slipped against a stronger dollar on Monday, 21 October 2024, as investor focus shifts towards local inflation figures due later this week. Source: Reuters. At 0706 GMT, the risk-sensitive rand traded at 17.64 against the dollar, 0.3% weaker than its previous close. The dollar index was last up about 0.15% against a

Purchasing a fixer-upper home can be an exciting and rewarding project as well as a potentially lucrative investment, but it does come with significant risks and if you don’t assess the property thoroughly, what seems like a bargain could quickly turn into a money pit – and a stressful nightmare. Source: Supplied. So says Arnold

Redefine Properties has achieved a major milestone with the successful restructuring of a R27.7bn secured funding arrangement. Source: Supplied. Ntobeko Nyawo, chief financial officer of Redefine. This transaction, the largest of its kind in the South African listed property sector, marks a significant shift in how Redefine manages its funding. The innovative structure, designed as

There is simply no substitute for owning the roof over your head, says Samuel Seeff, chairman of the Seeff Property Group. It not only creates stability and a foundation upon which to build a life, but creates long-term wealth. Source: Supplied. Investing in property should be at the top of your list if you are

Equites Property Fund has announced its results for the six months to 31 August 2024, highlighting Dividends Per Share (DPS) of 66.50 cents, well in line with its market guidance. Source: Equites chief executive officer, Andrea Taverna-Turisan. Equites said that both the South African and the United Kingdom property portfolios are performing well, driven by

The small West Coast towns and villages are no longer just for holidays and retirement, as more people are moving into areas like Langebaan, Yzerfontein, and further afield to St Helena Bay and Elands Bay, according to agents from the Seeff Property Group. Source: Supplied. The beautiful fishing villages, many with white-washed Cape vernacular architecture

PG Bison proudly welcomed guests to the official launch of its new medium-density fibreboard (MDF) line in Mkhondo, marking a significant milestone for the company and the South African furniture industry. The project was one of the investment commitments made at President Ramaphosa’s 2020 South African Investment Conference. Gerhard Victor, CEO of PG Bison, emphasised

Cushman & Wakefield | BROLL Capital Markets offers the market two adjacent logistics assets in the prized location of Brackengate Business Park Sean Berowsky Shane Howe In a move set to attract the attention of leading investors in the local industrial property sector, two A-grade logistics facilities in the highly sought-after Brackengate Business Park are

Production of BMW’s new X3 has kicked off with production taking place in its Rosslyn plant for global export. The plant is the only facility to build the BMW X3 as a plug-in hybrid vehicle (PHEV). Image supplied On 28 August 2024, BMW Group Plant Rosslyn ended the production of the third-generation BMW X3, totalling

The benchmark 10-year Treasury yield rose to 4% on Monday, 7 October 2024 after last week’s US labour market data dispelled fears of a recession, driving a paring of rate-cut bets, and supporting the dollar and equities at least initially. Source: Reuters. Potentially market moving data this week is not due until Thursday in the

The rumoured shuttering of another South African fashion label spells more doom for the local industry. Source: Imagen 3 This latest restructuring follows a round of cuts in 2023, driven by challenging economic conditions impacting business planning. Superbalist, then part of the Naspers-owned Takealot Group, undertook a Section 189 process last year to reduce its

In response to a question from Bizcommunity during a press conference on the closing day of Windaba 2024, Minister of Electricity and Energy, Kgosientsho Ramokgopa, reaffirmed his department’s commitment to increasing local content in South Africa’s renewable energy sector. Ramokgopa acknowledged the shortcomings in previous renewable energy bidding rounds, where local content requirements were often

Jaguar Land Rover (JLR) has revealed a £500 million investment to upgrade its historic Halewood facility, enabling the simultaneous production of electric vehicles alongside its current combustion and hybrid models. Image supplied Originally built in 1963 to produce the Ford Anglia, Halewood is being transformed for the electric era. With £250m already invested, the transformation

The Competition Commission has given the green light to private equity firm Advent International’s acquisition of a majority stake in Syspro, an ERP software company for the manufacturing and distribution industries founded in South Africa by Phil Duff in 1978. The approval comes with conditions, including a two-year moratorium on retrenchments and the establishment of

Together Standard Bank Group and Meridiam hosted a joint event with the theme Unlocking public infrastructure investment in South Africa, to unlock investment opportunities in alternate energy infrastructure on the continent. Source: © 123rf 123rf Standard Bank Group and Meridiam hosted an event, Unlocking public infrastructure investment in South Africa, to unlock investment opportunities in

One of the most tangible connections we have to our country’s rich cultural history is our heritage properties – those historic homes and buildings that capture the essence of earlier architectural styles and stand as symbols of the times in which they were built. Source: Supplied. These properties are not only fascinating in their aesthetic

Lew Geffen Sotheby’s International Realty chief executive officer Yael Geffen says the Sarb’s recent 25 basis-point cut is the best news that South Africa’s highly debt-burdened consumers have had in four years. Source: 123RF. “Until the announcement today, South Africa’s real rates had reached the highest level in 19 years, and consumers hadn’t seen a

Five months after its launch, Zimbabwe’s new currency is under pressure as increased grain imports eat away at foreign reserves, putting at risk the government’s plan to make it the only currency in the market by 2026. Source: Reuters. The gold-backed ZiG, which stands for Zimbabwe Gold, is the country’s sixth attempt at a stable

The Bank of Japan erred on the side of caution and kept rates unchanged as expected despite inflation being at a 10-month high. Source: 123RF. The BOJ said it expected inflation to rise further and for the economy to grow steadily, opening the way for rates to rise fairly soon. The People’s Bank of China

South Africans’ hopes have been dashed as the Monetary Policy Committee (MPC) unanimously decided to only lower its repo rate by 25 basis points to 8% per annum, with effect from Friday, 20 September. Source: Reuters. South African Reserve Bank’s Lesetja Kganyago. “The MPC ultimately reached a consensus on 25 basis points, agreeing that a

The Fed FOMC cut rates by 50bps in line with market bets yesterday, initially sending the dollar weaker with the euro hitting 1.1190, the pound nearly touching 1.33, and the rand firming to R17.42 levels. Source: 123RF. However, Fed chair Powell poured cold water on future big cuts as he forecast a further two 25bps

New empirical research from Schroders Capital reveals that small and mid-sized private equity funds have outperformed large funds with greater resilience through economic cycles. As the private equity market has grown over the past few decades, large funds have attracted an increasingly large share of overall limited partner (LP) capital. Investors have gravitated towards large

The time has now arrived for an interest-rate cut. It cannot be delayed any longer. The higher than necessary rate is hampering growth in the economy and property market, which is causing more damage than good. Source: 123RF. This is the message of Samuel Seeff, chairman of the Seeff Property Group, speaking ahead of this

Milkor, a South African defence technology company, has been making strides in the development of its Milkor 380 drone, a premium addition to the country’s unmanned aerial vehicle (UAV) capabilities. “We are not competing against companies, we are competing against countries – China, for example, has a few of these UAV systems of this size,”

The African Agri Investment Indaba, set for 18-20 November in Cape Town, will gather over 800 stakeholders to address Africa’s critical food insecurity crisis. According to the Food and Agriculture Organization (FAO), despite the continent’s agricultural potential, 282 million people remain undernourished and over a billion lack access to healthy diets. The crisis has escalated

Convening political, private sector, cultural and philanthropic leaders, assembly to call on G20 Governments to support the World Bank’s IDA21 replenishment… Featuring H.E Alassane Ouattara, president of Côte d’Ivoire; H.E Robert Beugré Mambé, prime minister of Côte d’Ivoire; Ajay Banga, president of the World Bank; Hugh Evans, co-founder and CEO, Global Citizen; Hafou Touré, CEO,

The importance of the economic partnership between China and Africa came into full focus early this month at the 2024 Forum on China-Africa Cooperation (FOCAC), held in Beijing. “Over the past 24 years, especially in the new era, China has advanced forward hand in hand with our African brothers and sisters in the spirit of

Huawei and SBSA are signing a strategic cooperation agreement Jason Cao, CEO of Huawei Digital Finance BU, spoke about the established relationship between Huawei and SBSA, Africa’s leading bank, in several countries. He said, “We are signing an agreement for the future because we share a common goal of achieving excellence. Huawei’s cutting-edge technologies and

“We’re super excited to have been given this award and to be part of such an amazing community. Being surrounded by so many inspiring entrepreneurs makes this journey even more incredible,” said Sean Kelly, Sean Kelly, co-founder and CTO of Dragonfly. The runners up were AERO Greens, who manufacture sustainable, soilless vertical farming systems housed

Libstar Holdings has revealed its financial results for the six-month period ended 30 June 2024, noting continued progress in executing its simplification, growth, and sustainability initiatives as per the Group’s new strategic direction that was introduced in 2023. Image supplied Despite the challenging market landscape, intensified by adverse economic conditions, the Group recorded revenue growth

Former minister Pravin Gordhan has been admitted to hospital, his family confirmed in a statement on Tuesday, 10 September, 2024. Source: Former Minister of Public Enterprises, Pravin Gordhan. The family assured that although Gordhan’s health has declined, he is receiving the best possible medical care. The cause of illness has not been disclosed and the

On Monday, 9 September, 2024, the Johannesburg Stock Exchange (JSE) introduced its new virtual storefront, the Cloud Marketplace, aiming to improve access to data and insights for South African investors while enhancing competition in the market. Source: South African Market Insights. This move is part of the JSE’s ongoing efforts to become a more competitive

From September this year, several central banks globally are expected to deliver their first interest rate cut in many years. US Federal Reserve chair, Jerome Powell, was the latest to offer his blessing for the start of interest rate cuts, recently telling an audience of economists and policymakers that “the time has come for policy

The country’s peaceful transition to a Government of National Unity has sparked optimistic sentiment among investors, with interest in KZN South Coast properties one of the positive spinoffs of this economic upturn. Source: Supplied. Coupled with the unique natural beauty, affordable prices, and idyllic coastal location, interest in KZN South Coast properties is only set

With election season winding down, Citadel Global weighs in on the impact on the currency landscape and how market dynamics could play in the rand’s favour for the rest of 2024: Source: 123RF The rand is expected to perform well for the remainder of the year, with estimates for the end of the year ranging

The unprecedented surge of gold prices above $2,500 per ounce has sparked a global frenzy, setting new market records. The South African Gold Coin Exchange and The Scoin Shop are observing soaring demand for gold, with both experienced buyers and newcomers flocking to this safe-haven asset. In the midst of global economic uncertainties, gold has

The Southern Suburb of Claremont continues to enjoy low vacancy rates as one of the top performing office and retail markets in Cape Town. Source: Facebook/Cavendish Square Rodes Report Q4:23 emulated this, highlighting Claremont as one of the top three performers in Cape Town among the likes of the V&A Waterfront which reported a low

Are you a member of a property stokvel, or are you considering joining one? Before you take the plunge, this article is a must-read! Property stokvels have been generating significant buzz with their promises of high returns, coupled with lively social media campaigns that draw in eager investors. But what happens when the reality doesn’t

On Wednesday, 18 September, the Reserve Bank is set to cut interest rates for the first time since the height of the Covid-19 pandemic. The decrease, which will come as welcome news to heavily indebted consumers, follows a series of increases designed to curb inflation and which resulted in interest rates hitting a 15-year high

Bridgewater Associates, one of the world’s most renowned hedge funds and macroeconomic researchers, together with the international advocacy organisation Global Citizen, and the leading Pan-African investor and developer across the continent, Harith General Partners, have partnered to produce brand new research highlighting the economic potential of sub-Saharan Africa’s rapidly expanding population. The collaboration brings together

The production of the third-generation BMW X3 at the Rosslyn manufacturing plant in South Africa has come to an end. The last vehicle of this model was produced on 28 August, totalling 403,114 units built. Image supplied The culmination of six years of hard work In 2015, the BMW Group announced a R6bn investment into

Broll Property Group is thrilled to celebrate the 20th anniversary of Broll Nigeria, highlighting two decades of exceptional leadership and excellence in West Africa’s real-estate services sector. Yaba, Lagos, Nigeria. Image by T. Obi, CC BY 2.0, Wikimedia Commons. Founded in 2004, Broll Nigeria exemplifies its steadfast dedication to quality, innovation, and strategic growth across

Health Minister Aaron Motsoaledi has urged pharmacists to take a proactive role in vaccine production, as the world faces an increasing threat from infectious diseases. “The world is seriously crying for vaccines and medicines – affordable ones for that matter. Should we be squabbling with each other like we did during Covid-19?” the Minister retorted.

While the last Monetary Policy Committee (MPC) meeting left the repo and prime lending rates unchanged for 14 consecutive months, experts now believe that Quarter 4 of 2024 will hold a more buoyant outlook. Gavin Lomberg, chief executive officer of ooba Home Loans shares that in the higher for longer interest-rate environment, relief and intervention

Africa’s tourism sector is poised for an exciting ascent, and it has the potential to soar if it is propelled by visionary strategies and robust investments that harness the continent’s unparalleled tourist allure. Source: Supplied. Daniel Trappler, senior director – development sub-Sahara Africa at Radisson Hotel Group (RHG). Amid the unprecedented changes of recent years,

Investec Wealth & Investment International, a strong proponent of sustainable and responsible investment practices, is excited to introduce its groundbreaking ESG (Environmental, Social, and Governance) guidebook. Tailored for investors and trustees within charitable institutions and the wider philanthropic community, this guide aims to enhance their understanding of responsible investing strategies. The ESG and responsible investing

Vivian Ngalo is on a mission to inspire young women to find purpose in their careers by aligning their work with their core values. As the newly appointed head of marketing at Glacier by Sanlam, a wealth management entity, Ngalo brings a fresh perspective to the field. In an industry often marred by unconscious biases

Recent developments have seen the introduction of new Canadian trade tariffs on Chinese goods, which has contributed to a cautious mood in both Chinese and commodity-driven markets. These tariffs add to the ongoing concerns about the stability and growth prospects of the Chinese economy, exacerbating uncertainties for global investors. The ripple effects of these concerns

A sudden surge in rental growth during Q2 2024 brings a welcome surprise for South African rental agents and landlords following a decline in the first quarter. Source: Supplied. Johette Smuts, head of data analytics at PayProp. According to the PayProp Rental Index, year-on-year rental growth rebounded to 4.9% in April from 3.6% in March,

Electra Mining Africa is a recognised highlight on the mining and industrial events calendar. Local and international companies are gearing up to take advantage of the opportunity to meet face-to-face with thought leaders and decision-makers in their specific industries and are preparing to launch their new products, innovations, technological advancements and services at this year’s

Compcom has given the regional greenlight for the Darktrace acquisition. Lynch, a pioneering UK tech entrepreneur and founding investor of Darktrace, passed away tragically when his luxury yacht abruptly sank in the Mediterranean. The accident also claimed the lives of his 18-year-old daughter, a prominent banker, and a lawyer. Lynch, who was instrumental in Darktrace’s

The local South African manufacturing sector is a pillar of the South African economy, with the potential to play a crucial role in the country’s economic growth and recovery. Electra Mining Africa provides an excellent platform to support local businesses in unlocking the potential of the local manufacturing sector. This year’s Electra Mining Africa is

CFAO South Africa is pleased to announce a new joint venture between one of its subsidiaries, Toyota Tsusho Africa, and Ogihara Thailand, to be known as Ogihara South Africa and the construction of a new component manufacturing plant located at the Dube Tradeport in Durban to supply product to Toyota South Africa. The Minister of

The South African residential property market has faced significant headwinds through the course of the year with a further slump in home-loan applications. As interest rates climbed to cool off inflation, the home-loans sector experienced a sharp decline, echoing the cautious sentiment of buyers and creating muted growth across the real-estate landscape. However, amid this

An exhibition viewed by industry as one of the most important events on the calendar, Electra Mining Africa provides a unique platform where exhibitors can launch new products and showcase their latest innovations and technologies. Taking place at the Expo Centre in Nasrec, Johannesburg, from 2 to 6 September, visitors to Electra Mining Africa will

In our fast-paced world, typified by its burgeoning consumerism and its use and discard mentality, fashion is a fickle mistress and responsible textile production is fraught with challenges. With landfill sites choking up with yesterday’s fast fashion fads, and dubious manufacturing, environmental and labour practices rife in the industry, it’s good to know that there

Environmental, social, and governance (ESG) factors play a crucial role in absolute return funds, which employ an asymmetric investment return philosophy. The alignment between ESG considerations and the goals of these funds – upside capture and downside protection – underscores the importance of ESG in achieving both return enhancement and risk mitigation. Absolute return funds

The Financial Times has announced the 11th edition of its annual FT AfricaSummit, taking place between 29 October 2024 and 30 October 2024, at The Peninsula, London. This year’s summit will convene African Heads of State, policymakers, global investors, and business leaders to engage in critical dialogues aimed at identifying opportunities for Africa’s sustainable growth

Confidence in the investment potential of the Cape Town CBD is high with the total value of property development in 2023 exceeding R7,285bn – an increase of over R3,730bn compared with 2022. Source: Supplied. Other key economic sectors that drive the Cape Town inner-city economy – business tourism, hospitality, eventing and retail – also showed

African biopharmaceutical company, Biovac, and the African Vaccine Manufacturing Initiative (AVMI) together with members of South Africa’s health ministry, hosted the Honourable Minister of Health for Ghana, Bernard Okoe-Boye, and his Ghanaian delegation on Monday, 12 August, 2024. Source: Biovac. This significant visit aimed to highlight South Africa’s vaccine-production capabilities as a showcase of end-to-end

Kimberley Taylor, founder and chief executive officer of Loop, a delivery management platform that supports the Checkers Sixty60 operations, is an outlier in her field. Source: Kimberley Taylor, founder and chief executive officer of Loop. Globally, women represent just 29.2% of STEM workers and 12.4% of C-suite executives, with only 13% of STEM graduates being

Coming from a family which lived “on the wrong side of the tracks”, with a father who was a barman and, additionally with that fear of poverty which is in the DNA of the Irish, I was never a spendthrift. Rainy day Putting something away for a rainy day was something my mother instilled in

Have you ever wondered where the fibre for clothing and textile comes from? That is part of Sappi Verve’s story – one that starts in the plantation and ends up unbeknownst to many, as fibre transformed in “Forest meets Fashion”. Worldwide textile markets are growing, and consumer demand is shifting towards the use of more

Coleus is one of the biggest suppliers of crown corks in South Africa. The local operations of Astir, a Greek company under the ownership of SICC, is through its subsidiary Coleus Packaging and is a key player in the manufacturing and distribution of crown corks for the brewing and bottling industries in Southern Africa. The

Under One Roof is an entirely new concept set to solve some of the most frustrating problems encountered with other property listing websites. It introduces a homeownership resource-concentrated hub that not only presents properties for rent or sale – which uniquely also assists its clients to complete a transfer to a new owner – but

South Africa’s largest primary JSE-listed real estate investment trust (REIT), Growthpoint Properties, has added its substantial portfolio of retail properties to the Clur Collective asset-management support platform and integral shopping centre index. Source: Supplied. Growthpoint Properties, Paarl Mall. By sharing its significant data set, Growthpoint is supporting the retail-property sector to create better shopping-centre experiences

The early impact of the Government of National Unity (GNU) on South Africa’s key industries cannot be underestimated. The initial vote of confidence could bode well for the commercial-property sector as it continues its slow resurgence but has since been met with mixed reactions. Source: Supplied. Simon Wilkins, managing director, advisory for Galetti Corporate Real

The Quarter 2 2024 (Q2 ‘24) statistics released by South Africa’s foremost home-loan comparison service, ooba Home Loans, reveal that the residential property sector is now poised for a steady recovery, with some of the most interesting developments taking place among homebuyers aged 18 to 25. Source: Supplied. Rhys Dyer, chief executive officer of ooba

The northern suburbs of Cape Town is currently experiencing an economic growth. With attractive residential areas, excellent infrastructure, and growing amenities, these suburbs are becoming prime locations for investment opportunities. Now is the perfect time to consider investing in the Northern Suburbs of Cape Town because developers will soon start increasing the unit prices of

Drive through some of Cape Town’s tourist hotspots and you’ll see dozens of hotels and so-called aparthotels (buildings comprising serviced apartments) that weren’t there just a few years ago. The same is true in other touristy areas around the country too. Many of these new hotels were built by developers using the Section 12J tax

Mauritius, long known for its beautiful beaches, is becoming a hotspot for a different kind of investment: healthcare. Source: Supplied. Bronwyn Knight, chief executive officer Grit Mauritius. As the population ages and expats seek better care, the private sector is stepping in, attracted by the potential for returns and the chance to transform the island

In the tapestry of South African economic development, rural areas often remain overlooked threads waiting to be woven into the fabric of progress. Source: The key to unlocking their potential lies in strategic infrastructure investments. In this article, we delve into the transformative power of infrastructure development in rural communities, exploring both challenges and opportunities.

The investment landscape within the African private equity and venture capital markets has changed both slowly and suddenly since 2020. Low interest rates initially led to a boom in private capital deals in 2021 and 2022, totalling $7.4bn and $7.6bn in value, respectively. By 2023, however, private capital deals declined by 28% in volume and

In a bold move to accelerate Africa’s entrepreneurial trajectory and empower a new generation of agile startups with 21st-century digital capabilities, ALX an award-winning tech training and career acceleration provider, announces the rollout of ALX Ventures in South Africa. Source: Supplied. Already launched in two other African markets, Lagos and Rwanda, the first cohort in

Global supermarket chains including Tesco, Australia’s Woolworths Group and Africa’s biggest grocery retailer Shoprite have teamed up to launch a $125m venture capital fund to accelerate retail innovation. Source: Reuters. The new fund, W23 Global, will invest over five years in start-ups and scale-ups deploying technology to benefit consumers “by driving faster, more personalised and

Cue, a provider of customer service chat software, has announced that it has successfully closed its seed funding round of $2m (R38m) from angel investors. From left to right: Ryan Egnos, Richard Nischk, Rhett Trickett | image supplied The funding will be used to deliver deeper integration of artificial intelligence (AI) into Cue’s customer service

Some of the biggest companies in the world started off as side hustles – Steve Jobs worked at gaming company Atari while he built the Apple 1 and Mark Zuckerberg started Facebook while a full-time student at Harvard University. Jonathan Smi | image supplied Some people choose to be entrepreneurs, perhaps setting their sights on

Despite a global funding winter, there was a 28% increase in venture capital raised in sub-Saharan Africa (SSA) in the third quarter of 2023, compared to Q3 2022. Increased investment has largely been driven by technological innovation, changing consumer demands and an increased focus on environmental, social and governance (ESG) initiatives. This is according to

<p><img src=”https://biz-file.com/c/2312/723180.jpg” width=”208″ height=”117″ alt=”Iseli energy unveils revolutionary AI-powered solar solutions” align=”left”><p><a href="https://iseli-energy.com/" target="_blank">Iseli energy</a>, a leader in renewable energy solutions, is set to reshape the solar market landscape with trailblazing AI-powered products, a first of its kind in Africa. This strategic initiative marks a significant milestone for iseli energy as it positions itself as

From refugee to car guard, to multi-millionaire; African pop maverick Tresor’s next chapter is built on grit, humility, and wild dreams. Officially announcing the launch of his R100m Jacquel Ventures investment firm, Tresor takes a stand and puts his money where his mouth is as he seeks to build and invest in luxury goods, real

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,