South Africa’s Standard Bank has taken a stake in local fintech firm Nomanini to offer credit to potentially millions of small shop owners and other informal retailers across Africa that have limited access to banking services.
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Two activist shareholders in Safari Investments, which owns shopping centres in Gauteng and Swakopmund, say the company’s board and management must stop using delay tactics to prevent it from being taken over by Community Property Company (Comprop).
SA’s largest asset manager now expects the rand to average R14.15/$ in the fourth quarter, after previously expecting R13.90
The government of Ghana has commissioned the construction of a pre-fabrication manufacturing plant in Dawhenya, in the Greater Accra region. A Ghanian Company, B5 Plus Group, is set to start construction of the first phase.
From October 22 to 27, 2019, Lomé will host the second edition of the African Building Trade Show (Afribat). The event is the fruit of a partnership between the Sfax chamber of trade and industry (CCIS) of Tunisia, and the chamber of trade and industry of Togo (CCIT).
The latest report released by the National Bureau of Statistics (NBS) shows that Nigeria generated N311.94 billion revenue from Value-Added Tax (VAT) in the second quarter (Q2) of 2019.
Despite the recent slump in the property market, the average house price in South Africa still costs 2.5 times more than the weighted average price of a new light vehicle.
Rosebank is the one to watch in terms of ‘big city” investment in South Africa – moving against the grain in every aspect of property growth.
Nigerians have been urged to take advantage of investment opportunities in commercial real estate, especially with the presence of Hotel Development/Management investment company which gives opportunity to buying hotel slot for long or short term deals.
It is common these days for JSE listed shares to reach a 12-month low, and Attacq is no exception. Attacq’s direct property portfolio is diversified across sectors.They have exposure of 52.5percent, 37.9percent, 7.9percent and 1.7percent to the retail, office and mixed-use, light industrial and hotel sector respectively by value. Of this exposure, 59percent is concentrated in Waterfall.