Businesses

Agence Française de Développement signs a R 1,5 billion loan agreement to support Eskom’s investments in power grid

Submitted by Rolina Vorster on Thu, 12/13/2018 - 18:07

Eskom and Agence Française de Développement (AFD) signed today a R 1,5 billion (EUR 90 million) loan agreement to support the electricity utility’s investments in extending and strengthening its power transmission grid along the west coast of South Africa.

Digital entrants are game-changers in SA’s banking industry

Submitted by Rolina Vorster on Mon, 12/03/2018 - 09:33
South Africa’s banking sector is increasingly moving towards a ‘marketplace without boundaries’, shaped by the fast-approaching entry of new digital players challenging the status quo in the market, and driving unprecedented levels of innovation. In response, the ‘four universal banks’ (Absa, FirstRand, Nedbank and Standard Bank) have continued to pursue large-scale transformation programmes aimed at improving customer experience, digital transformation, and new ways-of-working and enterprise-wide cost reduction. These are some of the key highlights from an analysis issued today PwC’s Strategy& on the future of banking in South Africa.