The reduction in the world population of billionaires was down to war, the pandemic, and what Forbes described as sluggish markets. All the billionaires of the world are collectively worth US$ 12.7 trillion dollars!

For perspective, if the common market that AfCFTA area aims to achieve in Africa is realized, it would be worth one-third of the collective wealth of the world’s global billionaires.

The wealth of the 2,668 billionaires collectively is 4 times higher than China’s foreign exchange reserves. As spectacular as this may sound this collective number of the wealth of billionaires is US$ 400 billion lower than the collective tally for 2021.

Patrice Thlopane Motsepe has entrepreneurship baked in his bones. It seems the South African born…

In 2005 Willcox’s 4.4% interest in the formerly JSE listed and now defunct Mvela Group was estimated to be worth in the region of ZAR 118 million. This was the mainstay of his wealth.

Mining MX reported that Willcox trained as a lawyer, obtaining an LLB from the University of Cape Town. After a stint in the US, he returned to South Africa, where he became involved in commercial law. While structuring a transaction in 1998 involving diamond assets near Kimberley, Willcox first met Sexwale.

Black Economic Empowerment is an emotive topic in South Africa and southern Africa. Countries on the African continent were historically colonized by largely European countries that assumed control over political and economic control over their colonies. The colonies were governed through a political system of white minority rule where the settlers as it was exercised political control and ruled over the entire population. The natives of the land had little to no say politically, let alone any right to self-determination. When the wave of nationalism began to sweep over countries in Africa, and they began to gain independence, it did not take long for the liberators of those countries to realize that political control alone counted for nothing if they did not have economic means.

Customers can also buy airtime and access other mobile network operator services using their Visa or Mastercard debit and credit cards through Tingg, Cellulant’s digital payments platform.

Tingg by Cellulant is at the forefront of ensuring digital financial solutions are available across the continent. Tingg, which integrates 211 banks in Africa, is a one-stop payment aggregator for multinational corporations, mid-caps, and small and medium-sized enterprises (SMEs).

Tingg enables merchants to receive, view and reconcile all their payments through a single platform or their system by integrating Tingg’s Application Programming Interfaces (APIs), eliminating the need to subscribe to multiple providers’ payments and, in the case of mobile money, mobile network operators (MNOs) and banks.

Zimbabwe’s dual economy, the formal and informal sectors, have become two distinct economies in Zimbabwe.…

Senditoo and Access Forex partner to give clients hassle-free international transfers. The partnership means that…