African Rainbow Capital is switching to investing in digital banks and financial start-ups, while shunning mining stocks, saying the boom in commodity prices maybe overdone.
Author: Adelaide Changole
Investec is seeking to more than double its private client base in the next three to four years, outpacing growth in a moribund economy.
Investec has asked its employees in South Africa to get vaccinated or subject themselves to weekly tests as the bank’s staff returns to office.
Standard Bank Group said 99% of its transaction volumes in South Africa are now cashless, a trend that has helped it to cut costs.
South Africa must embark on a “just energy transition” to stimulate greater investment as a way to to overcome electricity shortages, said President Cyril Ramaphosa.