Africa's Transportation/Rail Infrastructure Improvements - Catalyst For Growth
Published: Thursday, 30 June 2016 13:45
Africa's Transportation/Rail Infrastructure Improvements - Catalyst For Growth

As emerging markets continue to look to transportation and rail infrastructure improvements to further their own growth, access to improved technology continues to grow in importance to ensure that modern and reliable transport through the continent’s corridors are fully and sustainably operational. According to Bruce Pitso, regional manager for Ruckus Wireless, Inc. (NYSE: RKUS) South Africa, this requires an integrated long-term perspective with technology as a critical cornerstone. 

South Africa Recorded An Improvement in Competitiveness
Published: Wednesday, 22 June 2016 09:18
South Africa Recorded An Improvement in Competitiveness

South Africa has moved up a notch in terms of its overall competitiveness. This is according to The 2016 Institute for Management Development (IMD) World Competitiveness Yearbook (WCY). The minimal upward trajectory in South Africa ‘s competitiveness is however scant consolation for an economy that has seen a decline in Real GDP growth per capita from -0.06 in 2016 to -0.46 in 2016.

Unilever Calls on Africa To Prioritise Sustainability - USLP
Published: Tuesday, 21 June 2016 12:16
Unilever Calls on Africa To Prioritise Sustainability - USLP

Around 200 leaders from business, national and local government, NGOs, academia and media, and top local influencers including former First Lady Dr Graça Machel, gathered today for the Unilever Collective Action Business Breakfast to discuss how implementation of meaningful sustainability measures can positively benefit business and society.

Tips On How To Prevent Payroll Fraud
Published: Monday, 30 May 2016 17:58
Tips On How To Prevent Payroll Fraud

The Association of Certified Fraud Examiners says that payroll fraud is the No. 1 source of accounting fraud and employee threat globally. It affects 27% of all businesses and lasts, on average, 36 months. South African statistics are scarce, mostly because payroll fraud is under-reported by companies jealous of their reputations. A rare public case was the arrest in 2014 of two Eskom employees for tampering with the corporation’s payroll network system in a scheme that could have cost the company billions. Research by Alexander Forbes in 2011 showed that payroll fraud was costing South African business more than R100-million a year.

Rolls Royce's Bribery Investigation Reaches Nigeria - British Fraud Office
Published: Friday, 20 May 2016 05:58
Rolls Royce's Bribery Investigation Reaches Nigeria - British Fraud Office

Britain's Serious Fraud Office (SFO) has widened its investigation into Rolls Royce to examine allegations of suspected bribery in Nigeria, the Financial Times reported on Thursday. Rolls Royce, the world's second-largest maker of aircraft engines, said in 2013 the SFO had launched a formal investigation into concerns about possible bribery and corruption in China and Indonesia.

Application Vulnerabilities on the wake! Nothing Could Prevent R300 mil. Cyber heist in A Tier-1 African Bank
Published: Tuesday, 07 June 2016 08:46
Application Vulnerabilities on the wake! Nothing Could Prevent R300 mil. Cyber heist in A Tier-1 African Bank

About one month ago, on May 15, 2016, between the hours of 5 and 8am Japan time, using compromised card details of customers from a Tier 1 bank in Africa, well over 100 people made physical cash withdrawals to the tune of almost 13Million USD at specific ATM cash points (7-Eleven cash machines; +/-1400 transactions). This incident is no far different from the numerous cyber breach making the rounds on the corridors of cyber reportage e.g. Bangladesh bank.

The Business Of Infrastructural Development In Africa - IABF
Published: Friday, 03 June 2016 09:38
The Business Of Infrastructural Development In Africa - IABF

Africa Day was commemorated across the continent  last month, marking the birth of the Organisation of African Unity (OAU) in 1963. The celebrations were met with renewed calls for Africa to make its own way, to work on the low rate of inter-regional trade and to build the infrastructure that will support economic development on the continent. In his Africa Day address to the African Union last week, South African President Jacob Zuma reflected the views of other African leaders when he said, “We want an Africa with modern infrastructure, where one can fly from one country to another within the continent, without having to go via Europe.

Old Mutual Teamed Up with UFF African Agri Investments To Invest $500 Million Into African Farmland
Published: Thursday, 26 May 2016 07:56
Old Mutual Teamed Up with UFF African Agri Investments To Invest $500 Million Into African Farmland

Old Mutual Investment Group has announced a deal to increase its overall effective equity stake in African agriculture investment group, UFF African Agri Investments, to 49%. The partnership will see the strengthening of a longtime relationship between the two companies, with investment opportunities of up to $500 million into African farmland envisaged over the next three years.

Personal Shares Limited to 5% On The Nairobi Securities Exhange
Published: Friday, 20 May 2016 05:31
Personal Shares Limited to 5% On The Nairobi Securities Exhange

The Capital Markets Authority (CMA) has limited individual shareholding in the listed Nairobi Securities Exchange Ltd (NSE) to five per cent in a move that may force sell-offs by some investors. Investors whose shareholding is currently above the set limits have a six-month period to comply with the regulation. A shareholder can seek exception from CMA to hold more than the prescribed levels. The authority will determine if the applicant meets the requirement, which entails integrity, financial standing and absence of criminal record before granting an exception.

BTCL Successfully Raises $42.5 million in 1.68x Over-Subscribed IPO - Botswana
Published: Wednesday, 18 May 2016 15:37
BTCL Successfully Raises $42.5 million in 1.68x Over-Subscribed IPO - Botswana

On April 8th 2016 BTCL became Botswana’s first listed telecommunications company after successfully concluding an IPO that raised BWP462 million through the sale of 462,000,000 shares at BWP1.00 per share. The offer, which was only open to locals, began on January 11th 2016 and closed on March 4th 2016. On the first day of trade the shares rose +30% to close at BWP1.30 per share.

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