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Financial tips for surviving holiday season

The holiday season has just kicked off, starting with a bang and bringing with it a heavy financial burden for many consumers. “In spite of the holidays being a period for people to recharge and reflect ahead of the New Year, it is always characterised by excessive spending,” Eunice Sibiya, South Africa’s First National Bank […]

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Isabel dos Santos ‘steals’ US$135 million from Sonangol

Isabel dos Santos, Africa’s richest woman, has ‘illegally’ transferred more than US$135 million belonging to state oil company Sonangol to her four private companies using the Portuguese bank Banco BIC, Maka Angola reported early this week. Dos Santos, the eldest daughter of former President Jose Eduardo dos Santos, was Sonangol board chairperson for 18 months […]

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South Africa: economic uncertainty remains despite Cyril Ramaphosa’s ANC election

While Cyril Ramaphosa’s election at the helm of the African National Congress (ANC) is potentially an important turning point for South Africa, a considerable uncertainty remains, an expert said early this week. Firstly, because Cyril Ramaphosa will not be the country’s president until Jacob Zuma steps down or until the next general election in 2019, […]

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‘Dishonest’, ‘fraudulent’ Isabel dos Santos’ in trouble over Unitel missing funds, unpaid dividends

Africa’s richest woman, Isabel dos Santos, has committed fraudulent and dishonest acts in the management of Angola’s cellphone provider Unitel, according to a landmark decision made recently by a British judge. Billionaire dos Santos, whose fortune is valued at US$3.5 billion, is a major shareholder at Unitel, which she controls through Vidatel. Maka Angola, a […]

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Internet economy to push productivity to U$318 billion by 2025

The internet economy is expected to deliver productivity gains across key sectors such as financial services, education, health, retail, agriculture and government to the value of between US$148 billion and U$318 billion by 2025, the McKinsey Global Institute has predicted, as a new report highlights the internet’s critical role in changing Africa’s socio-economic fortunes. In […]

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HIV/Aids disability claims decrease in South Africa: Old Mutual

HIV/Aids disability claims have significantly decreased in the South African workplace, insurance giant Old Mutual South Africa said on Friday, as the world celebrated World Aids Day. Approximately 12.6% (7.06 million people) of the South African population is HIV positive, according to Statistics South Africa’s recent figures. The disability claims decrease demonstrates an improvement in […]

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Bitcoin’s market cap reaches US$166 billion

Market cap for Bitcoin, the world’s first digital currency, has reached over US$166 billion, soaring to new heights and still holding the lion share of the crypto-currency space, figures released this week by the Johannesburg-based Liquid Crypto-Money show. “As crypto-currencies become more popular, more people are starting to buy into them. Another interesting aspect is […]

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