Liquid Telecom, the company that recently acquired South African telecommunications operator Neotel, said at the weekend that it has been successful in its new capital raising exercise, securing $700 (about R9.4bn) in a bond
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Liquid Telecom, which recently concluded the R6.5bn acquisition of Johannesburg-headquartered Neotel, is raising US$700m (about R9bn) in long-term debt as it eyes further investment in network infrastructure in South Africa
South Africa’s banks are going on the offensive after being criticised by some politicians over their lending practices and records in addressing racial inequality. Attacks on the lenders have been led by President Jacob Zuma, who’s accused them
A finding by the South African antitrust regulator that more than a dozen local and international banks colluded to rig foreign-currency trades will bolster government accusations that the nation’s biggest lenders
President Jacob Zuma said the dominance of the country’s four major banks must end and access to the economy for the black majority improved. “There’s a skewed kind of economic control,” Zuma said on Friday. “We actually frustrate our
New allegations by President Jacob Zuma’s supporters that South Africa’s biggest banks are frustrating efforts to address racial inequality signal an escalation of a battle for control of the nation’s financial system, including the treasury. Protestors from the
Three of South Africa’s biggest banks are considering bidding to distribute government welfare payments to more than 17m people as a contract with a unit of Net1 UEPS Technologies comes to an end after years of legal battles. The existing contract
Standard Bank has asked the high court to prevent President Jacob Zuma and any of his ministers from intervening in its decision to close accounts of companies associated with the Gupta family. The appeal goes a step further than an
Standard Bank has acquired a majority stake in Firepay, the company that develops popular mobile payments platform SnapScan. Terms of the deal have not been disclosed. Firepay launched SnapScan in partnership with Standard Bank
Standard Bank has launched an initiative aimed at increasing the percentage of women working in the traditionally male-dominated technology field. The bank’s Geek Girl initiative will focus on young women, aiming to “inspire