insert_link Business / Economics Competition Appeals Court deals blow to South African rand manipulation case The South African Competition Commission’s rand-rigging case has been dealt a massive blow, as the Competition Appeals Court dismissed 23 of the 28 implicated commercial banks, saying the commission lacked enough evidence to support its claim of a conspiracy to manipulate the rand-dollar exchange rates between 2007 and 2013. However, Investec, JPMorgan Chase, HSBC, BNP Paribas, and Credit Suisse still face potential prosecution. Separately, Moneyweb reports that Standard Bank has […] today9 January, 2024
insert_link Africa BlueInvest Africa 2024: Calling African Entrepreneurs BlueInvest Africa is calling for African entrepreneurs eager to venture into the blue economy. Thirty outstanding projects will be handpicked for presentation to a panel of investors at the second edition of BlueInvest Africa, scheduled to take place in Kenya on 3 and 4 July 2024. The deadline for applications is 26 January 2024. BlueInvest Africa 2024 marks the second edition of this important business event, initiated by the […] today9 January, 2024
insert_link Africa Scramble for the Sahel – why France, Russia, China and the United States are interested in the region By Olayinka Ajala, Leeds Beckett University The Sahel, a region 3,860km wide located south of the Sahara Desert and stretching east-west across the African continent, has been a focus of attention around the world recently. In the last decade, issues such as terrorism, insecurity and trafficking have characterised the region. Military takeovers have been a major source of concern in the region and beyond in the last few years. […] today9 January, 2024
insert_link Business / Economics MORNING BIZ NEWS Poultry Producers Gear Up for International Expansion Amidst Avian Influenza Concerns Domestic poultry producers are eyeing expanded market horizons as they set their sights on exporting chicken and eggs to South Africa and Europe. The Poultry Producers’ Association has validated this strategic move, citing the recent Avian Influenza outbreak as a significant catalyst behind this pivotal decision. Leveraging the surge in demand and potential market opportunities, producers are actively preparing […] today9 January, 2024
insert_link Africa Botswana’s Peggy Serame named Finance Minister of the Year 2024 Botswana’s government has congratulated Peggy Serame for being awarded Finance Minister of the Year for Africa 2024 by The Banker Magazine. The magazine, which is a Financial Times Publication based in London, was first published in January 1926, to provide economic and financial intelligence for the world’s financial sector, over a broad spectrum of issues. According to The Banker, commonly held up as one of Africa’s success stories, economic growth […] today8 January, 2024
insert_link APO International Rising threats: Cybercriminals unleash 411,000 malicious files daily in 2023 Kaspersky’s (www.Kaspersky.co.za) detection systems discovered an average of 411,000 malicious files every day, which is an increase of nearly 3% in 2023 compared to the previous year. Particular types of threats also escalated: experts observed a marked surge of 53% in attacks involving malicious Microsoft Office and other types of documents. Attackers leaned towards more dangerous tactics, such as utilising backdoors to infiltrate systems undetected. These insights, detailed […] today14 December, 2023
