The Steinhoff International management stands accused of cooking the books to hide losses and inflate earnings. But what exactly might it have done and how?
Hanna Ziady 1 day ago
According to Mastercard research, around 96% of transactions are still conducted in cash among South Africa's 1.5 million informal enterprises, despite strong interest in digital and card payments by consumers.
Embattled Steinhoff executives face hefty prison sentences and fines if allegations of multibillion-dollar accounting fraud are proven true.
Graeme Hosken and Katharine Child 2 days ago
Naspers was taking measures to reduce its stock's significant discount to fair value, largely the result of capital outflows from SA, CEO Bob van Dijk told investors in New York on Tuesday.
Nick Hedley 2 days ago
Location, location, location - a real estate term used to describe the benefits of a property investment is as relevant in the online media space.
Bizcommunity.com 2 days ago
Since a large portion of Africa's population lives in remote areas, receiving power from the grid could still be decades away, so off-grid energy solutions have the potential to provide much of these marginalised rural population with access to affordable electricity.
An investigation into possible wrongdoing by auditing firm KPMG in its report on the South African Revenue Service (Sars) "rogue unit" and its author, Johan van der Walt, could grind to a halt over restricted documents.
The hunt for professionals who can successfully lead and grow companies with a dual mandate of economic and social returns is on throughout Africa. As well as deal-makers and fund managers who can recognise and realise value for the private equity, venture capital and debt funds who invest in these companies.
Global transportation technology company Uber Technologies has admitted it suffered a breach that saw hackers stealing the personal information of approximately 57 million customers and drivers.
Simon Campbell-Young 2 days ago
Mauritius may be perceived as the island of sugar cane and beaches, but since independence in 1968, this African country has focused its attention on innovation and development to create an investor friendly environment.
We pride ourselves as one of a new breed of digital-first fintech companies designed from the ground up to support South African SMEs. We've spent countless hours refining our scoring technology to ensure we can provide quick, easy short-term funding through a convenient online interface. In some cases, we are able to provide approval on a loan application within a single day - a far cry from the three-month wait most traditional lenders demand.
Trevor Gosling 8 Dec 2017
LONDON - Bitcoin ploughed past $15,000 to a fresh record on Thursday, triggering a warning the cryptocurrency was "like a charging train with no brakes" and prompting fresh concern about its looming launch on mainstream markets.