BEI™
Multichoice completes sale of insurance stake to Sanlam
MultiChoice has finalised the sale of a 60% stake in NMS Insurance Services (NMSIS) to Sanlam for R1.2 billion, effective 30 November 2024. The...
Nedbank targets African expansion to reduce South African dependence
Nedbank Group has announced plans to reduce its reliance on South Africa and nearly quadruple its profits from other African markets within the next...
MTN reports strong Q3 growth in data and fintech revenue
MTN has announced that its group revenue increased by 12.9% for the three months ended September 2024, driven by a 21.3% rise in data...
Sanlam reports robust growth despite two-pot retirement system withdrawals
Sanlam has announced that its net client cash flows have surged to R40 billion for the nine months ended September 2024, despite R2.5 billion...
Sibanye-Stillwater reaches 5.5% wage agreement with gold workers
Sibanye-Stillwater has finalised a one-year wage deal with unions representing workers at its South African gold operations, including Beatrix, Driefontein, and Kloof mines. Effective...
BankservAfrica to transition into national payments utility
BankservAfrica has announced plans to transition into a national payments utility in partnership with the South African Reserve Bank (SARB) and its commercial bank...
FNB launches R200 million fund for SME support
FNB has launched Vumela 4, a R200 million enterprise development fund aimed at supporting 150 SMEs and creating over 1 000 jobs. Established in...
SACCI launches SME support initiative
The South African Chamber of Commerce and Industry (SACCI), in collaboration with the Companies and Intellectual Property Commission, the Chartered Institute for Business Accountants...
FNB and Pick n Pay partner for enhanced customer rewards
FNB and Pick n Pay have launched a rewards partnership offering discounts and cashback to customers across various tiers. Starting 1 November 2024, entry-level...
Dis-Chem to enter insurance market with Dis-Chem life launch
Dis-Chem has announced plans to launch its insurance arm Dis-Chem Life in early 2025. The move follows its R155.9 million acquisition of private life...