FNB CEO lauds digital customer growth

FNB CEO lauds digital customer growth

FNB CEO Harry Kellan. First National Bank’s (FNB’s) digitally-active customer base grew to 7.78 million, from 7.35 million in 2024. This is based on the bank’s financial results for the year ended 30 June, with its customers increasingly adopting digital payment methods over the years. FNB’s digital channels include mobile banking (USSD), online banking and…

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Legacy systems stifling CFOs? Sage Intacct ignites South African business growth

Legacy systems stifling CFOs? Sage Intacct ignites South African business growth

Rahana Vally, Director at Brilliant Link. (Image: Supplied) In today’s fast-paced business environment, achieving real-time financial insights is no longer a luxury; it’s a necessity for CFOs to drive strategic decisions and maintain a competitive edge. Yet, many finance leaders in South Africa are still grappling with outdated, legacy systems that stifle agility and innovation….

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MTN bets on AI data centres to drive next growth phase

MTN bets on AI data centres to drive next growth phase

MTN Group CEO Ralph Mupita MTN Group is preparing a major push into artificial intelligence infrastructure, signalling a strategic shift beyond its traditional telecommunications business. According to a Bloomberg News report on Tuesday, MTN is in talks with US and European firms to co-build data centres across the continent to supply AI computing power to…

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Sentech achieves clean audit and 16% revenue growth despite challenging conditions

Sentech achieves clean audit and 16% revenue growth despite challenging conditions

SMME early payments: 13 days | Socio-economic transformation spend: R431m The company reported a net loss after tax of R246m, primarily due to provision for expected credit loss (ECL) driven by the economic challenges of its customers. Looking ahead Sentech will continue to focus on accelerating digital transformation, enhancing service delivery, expanding partnerships, and growing…

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Africa: Gender Equity a Strategic Imperative for Africa’s Growth

Africa: Gender Equity a Strategic Imperative for Africa’s Growth

The West African Institute for Financial and Economic Management (WAIFEM) has declared that gender equity is not just a question of fairness but a strategic imperative for Africa’s long-term growth, innovation, and institutional resilience. The declaration came at the opening of a five-day regional workshop on “Women in Leadership: Understanding Gender Dynamics in the Workplace,”…

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Africa: Gender Equity a Strategic Imperative for Africa’s Growth

Africa: Uncertainties Mount as African Growth and Opportunity Act (AGOA) Deadline Nears

With the African Growth and Opportunity Act (AGOA) that has anchored U.S-Africa relations since 2000 set to expire on September 30, prospects for extension or renewal grow increasingly slim. Among foundational principles that have anchored AGOA, the key one is the duty-free entry of specific African products into the American market. “AGOA has helped bolster economic growth,…

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Africa: How Illegal Financial Flows Stifle Africa’s Growth

Africa: How Illegal Financial Flows Stifle Africa’s Growth

The African Union has warned the continent loses billions in illicit financial flows each year. Analysts say stopping tax evasion and corruption is just the first step to keeping African wealth in the continent. An estimated US$88 billion (€76 billion) leaves Africa annually through tax evasion, money laundering, and corruption, the African Union (AU) says. In 2015, that figure was…

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