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Done deal: FNB Zambia CEO Kapumpe Chola and Stanchart Zambia CEO Sonny Zulu after signing the deal
that saw FNB acquire Stanchart WRB business. Photo: FNB Zambia

Major shift in African banking

As foreign banks retreat from the continent, local lenders are stepping up to fill the gap

South Africa’s economy expanded by 0.8% during the second quarter of 2025, following a marginal increase of 0.1% during the first quarter.

Competition Competition has no evidence of rand manipulation, banks say

The commission says the case highlights the difficulty of prosecuting global and domestic cartels that exploit legal loopholes to delay proceedings

Fuel prices have also fallen this month, which might have helped keep inflation in check, although it remains to be seen what effect the rand’s weakness will have had. (Dwayne Senior/Bloomberg via Getty Images)

Middle East crisis: Why aren’t oil prices much higher?

Lower prices are good insofar as inflation is concerned but they suggest that economic troubles lie ahead

Ruling leaves rand rigging case in ruins

South Africa’s biggest banks, and most of their foreign counterparts, are no longer up for prosecution following a competition appeal court order

A recent 1,900-mile journey from mines in Congo and Zambia shows how, a century after commercial mining began here, the worlds hunger for copper is again reshaping the region. Photographer: Zinyange Auntony/Bloomberg via Getty Images

Zambia’s economy is controlled by foreigners

After nearly six decades of independence the need for real change in the country hasn’t diminished

Punished: The United Kingdom’s short-lived prime minister, Liz Truss (left), was punished for introducing an aggressive tax-cutting policy and seeking to increase government spending. Photo: Stefan Rousseau/POOL/AFP

Must we really endure ‘punishing’ markets?

Policymakers have been warned to remain disciplined as economies navigate headwinds — no matter how much it hurts

Lesetja Kganyago, governor of South Africa’s central bank. (Waldo Swiegers/Bloomberg via Getty Images)

Hawkish Reserve Bank sees South Africa edge towards a rates hike

Analysts say the Reserve Bank could start tightening monetary policy as early as next month

Campaigner: A young Peter Hain addresses an anti-apartheid meeting in London. (Photo by Watford/Mirrorpix/Mirrorpix via Getty Images)

Global players enabled ‘Zupta’ corruption

The Zupta decade: Governments and global corporates, banks and consultants must stop enabling money laundering

Strong start to 2009 for Standard Chartered

Standard Chartered has started the year strongly, but faces more challenges as the world economy struggles through its worst downturn in decades.

Old Mutual: Nedbank sale is market speculation

Old Mutual has declined to comment on a weekend report that it is planning to offload its 53% holding in South Africa’s Nedbank.

SA banks in good shape

Global markets and the JSE continued to clock up losses with the All Share Index now below levels seen two years ago.

Will foreign companies stay the course in Zimbabwe?

British companies doing business in Zimbabwe must find the noise from their government and the international community disconcerting.

The big firms that prop up Zim

Last month British Prime Minister Gordon Brown urged British companies to stop investing in Zimbabwe, saying his government was preparing sanctions.

Mugabe warns business to get on side

President Robert Mugabe rejected fresh calls for economic reform at a rare meeting with the heads of Zimbabwe’s largest business groups this week.

PPI jumps, points to possible big rate rise

South Africa’s producer price inflation (PPI) accelerated unexpectedly to 12,4% year-on-year in April, increasing the possibility of a bigger than previously expected…

MTN: No ‘specific proposal’ for takeover

South African mobile services operator MTN said on Friday that it had not received any "specific proposal" from any company regarding a takeover of the company. MTN was…

FTSE dips as US recession fears offset oils

Britain’s FTSE 100 index dipped by mid-session on Monday as concerns of a looming United States recession offset gains in oil shares, HSBC and potential bid target Friend…

Inflation surge boosts rate-hike chances

South Africa’s consumer inflation, which jumped unexpectedly in January, raised the risk of further monetary tightening despite worries over slowing economic growth. Statistics…

South Africa records strong growth for 2007

South Africa’s economic growth jumped unexpectedly in the fourth quarter of 2007, keeping expansion for the year near a two-decade record at 5,1% as buoyant corporates outweighed…

Govt: No investment threat from power cuts

South Africa’s crippling power crisis will not put off investors nor limit its ability to stage the 2010 Soccer World Cup, Public Enterprises Minister Alec Erwin said on…