Six years after Cyclone Idai ripped through Beira, the city’s wounds — physical and psychological — are still raw. As a new storm gathered in the Indian Ocean in February, journalist Sean Christie found a city caught in a permanent state of waiting for the next disaster to hit.
The South African government has been warned about the country’s collapsing infrastructure, which is leading to growing service failures and threatening economic growth.
Discovery Bank plans to expand into business banking over the medium term but will focus on completing its “super bank” platform before entering the competitive SME market dominated by FNB and a surging Capitec.
African Bank’s board has responded to increased scrutiny regarding the bank’s governance and leadership following the sudden resignation of CEO Kennedy Bungane.
Optasia’s first set of results since becoming a JSE-listed company has revealed a strong performance, with revenue growth of 76% and a profit of R725 million.