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Monthly Archives
QUEST Financial Services (Quest) has launched an innovative healthcare payments-system token to improve Zimbabweans’ better access to medical insurance, related services and boost the country’s financial inclusion programmes.…
Three investment banks – RMB, Absa and Standard Bank – were paid a total of R80 million for their role as underwriters in Pick n Pay’s just-concluded rights offer. Underwriters effectively guarantee that funds sought by a company in a rights issue will be raised. The underwriting fees equate to…
South African municipalities owe Eskom a total of R82.3 billion ($4.5 billion) in arrears, which the embattled state power utility is struggling to collect. Eskom supplies electricity to the municipalities, which in turn sell it on to households and businesses — and both have seen a rapid rise in outstanding…