Sim Tshabalala, Standard Bank Group CEO. Standard Bank, Africa’s biggest bank by assets, ramped up its technology spend in the six months to 30 June 2025 (H125), investing a total of R3.7 billion across its divisions. The JSE-listed financial services group revealed the figures in its interim results for 2025, noting that software, cloud and…
Artificial intelligence is increasingly being used in the financial services industry. As artificial intelligence (AI) takes on a growing role in financial services, from granting loans, to automating small-business bookkeeping, banks grapple with how to use it responsibly and authorities seek to put rules in place. Ciko Thomas, group managing executive of personal and private…
eMedia CEO Khalik Sherrif eMedia Holdings, the owner of free-to-air broadcaster e.tv, news channel eNCA and the Openview satellite platform, has seen strong growth in its video-on-demand platform eVOD in the 2025 financial year. According to eMedia CEO Khalik Sherrif, the company’s decision to enter the streaming video entertainment market gradually has aided eVOD’s profitability…
In response to the investigation by the International Consortium of Investigative Journalists (ICIJ) revealing how World Bank-backed healthcare investments are deepening poverty and denying care in Africa, Oxfam International’s Health Policy Manager Anna Marriott said: “Oxfam is deeply alarmed by the ICIJ’s findings, which once again show how the World Bank Group and other publicly…
President Cyril Ramaphosa said there’s the prospect that the US may lower a planned 30% tariff on goods in ongoing talks with Washington, as he challenged its calculation of the new levy. US President Donald Trump on Monday unveiled a wave of promised letters that threaten to impose higher duties on American trading partners while…
Ghana and Zambia’s official creditors are pressing them to default on loans to two African multilateral financial institutions: the African Export-Import Bank (Afreximbank) and the Trade and Development Bank (TDB). These creditors, in effect, are demanding that the two countries prioritise repayments to themselves over payments to these two banks. As academics who have worked…
Chairman of the US Federal Reserve Jerome Powell speaks alongside Michelle Bowman (L), Board Vice Chair for Supervision, Lisa Cook (2nd R), Board Governor, and Adriana Kugler (R), Board Governor, as he chairs a Federal Reserve Board open meeting discussing proposed revisions to the board’s supplementary leverage ratio standards at the Federal Reserve Board building…
The Proudly South African and DTIC-driven e-commerce platforms will launch in July. Taking advantage of South Africa’s burgeoning e-commerce space, Proudly South African (Proudly SA) plans to establish two e-commerce platforms. Initiated in partnership with the Department of Trade, Industry and Competition (DTIC), the platforms – Shop Proudly SA and Market Access Platform (MAP) –…
Capital Appreciation’s payments division showed strong growth in the year ended 31 March 2025, leading to overall growth for the group despite challenges in its software division. According to JSE-listed Capital Appreciation’s annual results on Tuesday, terminal sales grew 41% year on year, with payments-related income up 19% compared to the previous year, driving group…
