Africa poses critical challenge for World Bank, IMF

Global heat maps of extreme poverty show Africa in deep red. And the problem will only accelerate as population on the continent grows in coming decades. “The problems are very real and are large,” newly installed World Bank President David Malpass told AFP in an interview. The International Monetary Fund and World Bank have had […]

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Feenix: A crowdfunding initiative for university students in debt

It is the only nonprofit initiative in SA that pays historical debt for students. Statistics from the United Nations Educational Scientific Cultural Organisation (Unesco) have revealed that only 23% of science, technology, engineering, mathematics (Stem) talent is female, which is something a South African crowdfunding startup is working toward changing. The UN’s findings have been […]

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Entrepreneurs learn how to pitch to investors

About 500 entrepreneurs will gather in Sandton, Johannesburg, on Saturday to learn one of the most crucial skills in growing a business – pitching to investors. These entrepreneurs will be part of one of eight Engen Pitch and Polish workshop events over the next nine weeks. Celebrating its 10-year anniversary, the workshop provides a platform […]

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Samsung in hot water over splashy Australian phone ads

 Australia’s consumer watchdog has sued Samsung Electronics Co Ltd’s Australian unit for allegedly misleading consumers by promoting water-resistant Galaxy smartphones as suitable to use in swimming pools and the surf. The world’s largest smartphone maker did not know or sufficiently test the effects of pool or saltwater exposure on its phones when ads showed them […]

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Banks can’t take your money, court rules

The South Gauteng High Court has ruled that it’s no longer legal for banks to take money from customers’ accounts without their permission. The National Credit Regulator (NCR) initiated a case against Standard Bank to stop the common law set-off which would allow the bank to take money from its account holders if they were in arrears without notifying […]

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Nike pulls US flag-themed shoe after Kaepernick objection: report

Nike withdrew a shoe displaying an early version of the American flag after former NFL quarterback Colin Kaepernick warned the design was associated with slavery, US media reported. Nike had unveiled the Air Max 1 USA featuring an American Revolution-era design known as the Betsy Ross flag imprinted on its heel to coincide with the […]

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Court stops banks from siphoning accounts to settle credit card debt

For years SA’s banks have unilaterally – and without warning – been taking money from their clients’ current accounts to settle their credit card debt, often leaving too little money to honour debit orders or buy food for the month. But no more – thanks to a ruling by the Johannesburg High Court outlawing the […]

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Meet SA’s first female black fighter pilot

Mandisa Mfeka is making major waves in the aviation industry and across South Africa. She’s the first black female fighter pilot in the South African Air Force. The 29-year-old grabbed headlines as she swooped over the Union Buildings at President Cyril Ramaphosa’s inauguration as part of the Hawks formation. It’s been a hard-fought climb to the top […]

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Ethiopia set to issue new mobile telecoms licences

Ethiopia is aiming to award telecoms licences to multinational mobile companies by the end of the year, ending a state monopoly and opening up one of the world’s last major closed telecoms markets, three people with direct knowledge of the process said. Ethiopia’s telecoms industry is considered the big prize in a push to liberalise […]

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