Sub-Saharan Africans boosted their savings at the fastest pace in more than a decade, driven by the growing impact of mobile money accounts across the continent. The share of adults in sub-Saharan Africa who saved through formal channels surged by 12 percentage points to 35% in 2024, the second-highest regional rate after East Asia and…
Capital Appreciation CEO Bradley Sacks. Fintech group Capital Appreciation today announced strong results for the year ended 31 March, growing revenue to R1.25 billion. The group says its businesses demonstrated resilience in the face of a challenging economic environment by effectively growing revenue and managing expenses. Its payments and software divisions have attracted new clients,…
Technology investor Naspers reported a significant improvement in its financial performance for the year ended 31 March 2025, driven by strong growth and improved profitability in its global e-commerce portfolio. Naspers’ logo is pictured on a smartphone in this illustration taken, 4 December 2021. Reuters/Dado Ruvic/Illustration Group core headline earnings rose 46% to $3.1bn, while…
