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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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More of the same in Zimbabwe as the “Crocodile” takes over

Zimbabwe’s new President Emmerson Mnangagwa has been at Robert Mugabe’s side for 50 years, and he was considered to be Mugabe’s fixer, Derek Matyszak, an analyst with the South Africa-based Institute for Security Studies (ISS), told Deutsche Welle (DW) in an interview last week. Ordinary Zimbabweans and the international community believe that Mugabe, alongside Mnangagwa […]

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The art and style of managing money

Will you be left with cash once all the year-end festivities have died down or will you look back with a tinge of regret? Well, it all depends on your relationship with money because people relate differently to money. “How you come out on the other side of the year depends largely on your spending […]

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