Offshore investment moving back to South Africa A surge in the number of private clients moving offshore investment back to South Africa has been noted and is attributed to limits in cash flow triggered by the pandemic and a shaky economy. This is according to the Financial Services firm FNB. It also remarked on the […]
Category: General Information
Payment holidays to cost R20.7 billion: South Africa
Payment holidays to cost R20.7 billion: South Africa The South African economy, according to experts is not limited to a recession but a full-blown depression with businesses closing down during the lockdown will never reopen coupled with massive unemployment, and the tax contribution made is lost forever. Payment holidays made during the period from April-to-June […]
Standard Chartered Bank, Airtel Africa partners to drive financial inclusion
Standard Chartered Bank, Airtel Africa partners to drive financial inclusion The Standard Chartered Bank and Airtel Africa entered into an agreement to drive inclusion across Key African markets by boosting increased access to mobile Financial Services. The bank’s corporate clients will access rapid and secure bulk disbursements such as payroll payments into the ‘Airtel Money […]
London may wait beyond 2020 for regulatory equivalence: EU
London may wait beyond 2020 for regulatory equivalence: EU It may take a long time, hinting at months ensuring firms in the UK get regulatory equivalence to the EU. That was told by European Commission executive vice president Mr. Valdis Dombrovskis. He further explained that member states are yet to come to terms with their […]
Dubai launches new Innovative License to attract business
Dubai launches new Innovative License to attract business The Dubai International Financial Centre (DIFC) has launched a new Innovative License designed to attract new businesses to the centre while supporting innovation, creativity, and entrepreneurship in the region. Through this license, entrepreneurs will be able to grow and scale businesses by relying on DIFC’s independent English […]
Financial Services see lasting charge, digital shift in post COVID: Australia
Financial Services see lasting charge, digital shift in post COVID: Australia A newfound optimism has been witnessed across Australia in the way COVID-19 has positively shaped professional behaviors and expectations. The survey Qualtrics Work Different study reveals that more than half of workers anticipate better changes in their industry in the post-pandemic world as a […]
An e-citizenship scheme would put the UK at the heart of global trade
An e-citizenship scheme would put the UK at the heart of global trade According to the Global Entrepreneurship Monitor, just 8.9 per cent of the world’s population was involved in some sort of startup business in 2001. By 2016, that figure was 14 per cent. In the most entrepreneurial countries, particularly in sub-Saharan Africa, startups […]
Mastercard and Microsoft empower FinTech innovation
Mastercard and Microsoft empower FinTech innovation Two giants in both the financial and technology industries – Mastercard and Microsoft – have announced a new collaboration to revolutionise FinTech. The partnership will see Mastercard Lab’s cloud R&D activities powered by Azure and cutting edge artificial intelligence (AI). It forms part of Mastercard’s ongoing mission to mitigate […]
Zambia gets its first contactless payment card through Absa
Zambia gets its first contactless payment card through Absa Absa has rolled out Zambia’s first contactless payment card as the COVID-19 pandemic quickens digital strategy implementation, the bank’s CEO for Zambia Mizinga Melu tells The Africa Report. The Visa debit card, launched on 17 July, allows customers to make small convenience purchases by tapping the […]
UK launches Tech for Growth to bring financial services to Africa
UK launches Tech for Growth to bring financial services to Africa The UK government has launched its Tech for Growth programme which aims to use technology to bring more financial services to emerging economies, initially in Africa. The programme is spearheaded by the UK Department for International Trade (DIT) and will boost trading opportunities between […]
