Author: Adelaide Changole

The newly appointed CEO of South Africa’s biggest bank by customers has a unique problem on his hands.

Sub-Saharan Africans boosted their savings at the fastest pace in more than a decade, according to the World Bank.

Absa Group’s new CEO, Kenny Fihla, is aiming to turn the bank’s retail unit into the biggest in South Africa.

South Africa is on the cusp of starting a traded electricity market that will give consumers a choice of power products.

The latest entrant in South Africa’s crowded banking sector aims to break even in 2028.

Old Mutual will unveil South Africa’s newest bank in the first quarter of next year.

Parliament will debate a proposal by Eskom that could see electricity tariffs rise as much as 40% next year.

South Africa has strong institutions that can buttress its economy, the head of research at Standard Chartered Bank said.

African tech and start-up firms are becoming too attractive for global investors to ignore, according to Lexi Novitske.

A new report shows the number of millionaires in Africa fell sharply in the past decade, with South Africa hit particularly hard.