Africa: BRVM Shines – Sucrivoire & Bank of Africa-Mali Post Strong 7-Day Gains

Africa: BRVM Shines – Sucrivoire & Bank of Africa-Mali Post Strong 7-Day Gains

The BRVM (Bourse Régionale des Valeurs Mobilières) has seen notable activity this week, with two key stocks demonstrating significant upward price movements. Sucrivoire Côte d’Ivoire (SCRC) led the charge, recording an impressive +18.61% gain over the last 7 days, closing at XOF 3920. This substantial movement positions SCRC as a top performer within the regional…

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Tap to pay is finally coming to the Post Office

Tap to pay is finally coming to the Post Office

South Africans will soon be able to tap their cards – or their phones – to pay at the Post Office, as the entity rolls out modern payment terminals across 610 branches in a first phase of its branch modernisation programme. The roll-out brings EMV-compliant chip-and-Pin terminals, contactless tap payments and support for smartphone digital…

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How the Post Office plans to rise from the dead

How the Post Office plans to rise from the dead

Post Office acting CEO Fathima Gany The South African Post Office is finally in a position to attract the partners it needs to survive, acting CEO Fathima Gany has told TechCentral in an interview – provided government delivers the R3.8-billion it promised but has never paid. Gany, who leads the “high care” leadership team assembled…

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Nominee for top intel post faces lawmakers eager to see him replace the current leader

Nominee for top intel post faces lawmakers eager to see him replace the current leader

WASHINGTON — President Donald Trump’s nominee for director of national intelligence, Jay Clayton, is likely to get a friendly reception from lawmakers Wednesday at his confirmation hearing as both parties are eager for him to take over from the current acting intelligence chief. Subscribe to read this story ad-free Get unlimited access to ad-free articles…

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Post Office moves to exit business rescue

Post Office moves to exit business rescue

The South African Post Office’s joint business rescue practitioners have asked the high court to end the entity’s business rescue, declaring the adopted plan substantially implemented nearly three years after the troubled state-owned company was placed under supervision. Anoosh Rooplal and Juanito Damons launched the application in the Pretoria high court on 12 June, seeking…

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Cabinet hands the Post Office a board, but not a bailout

Cabinet hands the Post Office a board, but not a bailout

Cabinet has approved a new board for the South African Post Office, removing a key procedural hurdle to the troubled entity applying to exit business rescue – but handing the incoming directors an organisation that the national treasury still refuses to fund and that its rescue practitioners were, just months ago, contemplating liquidation. Communications minister…

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FPB CEO quits three months after assuming post

FPB CEO quits three months after assuming post

Advocate Norman Gidi has left his post as Film and Publication Board CEO. It’s back to the drawing board for the Film and Publication Board (FPB) as it once again looks to fill the chief executive officer spot after the resignation of advocate Norman Gidi. Communications minister Solly Malatsi confirmed to ITWeb that Gidi resigned…

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