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Investing
Bitcoin is back in the spotlight after one of its strongest rallies of 2026. BTC has climbed roughly 20% this week, briefly moving above…
Latest investment fund pool cover products from Britam Asset Managers Limited…
Family business, which constitutes the backbone of the continent’s enterprise…
Nasdaq in an article dated April 20, 2022, said the move is classed as Black economic empowerment (BEE) transaction, a government initiative to reverse ongoing economic inequalities almost three decades after the end of apartheid, encouraging companies to meet quotas in areas including Black ownership, employment, and procurement.
“This deal underpins our firm belief that real transformation is necessary to sustain business growth and serve the best interests of all South Africans,” CEO Iain Williamson said in a statement.
“Through this Old Mutual Bula Tsela Retail Scheme, we will give our people the opportunity to become (indirect) owners of the company they love and trust,” he added.
The new shares will constitute approximately 4.36 per cent of Old Mutual’s current issued share capital and 4.18 per cent of the enlarged share capital.
The East African Community (EAC) should boost its transactions under the existing regional and international…
Kakuzi PLC has posted a 60 per cent rise in its pretax profit to reach…
Broker-controlled accounts deliver lower costs and easier account opening procedures for investors wanting to open a VFEX trading account.
This offers a one-stop-shop facility for the investor, given by opening an account with the custodian and transacting through a securities dealer, the broker-controlled model offers investors all the services under one roof to the convenience of the investor.
The securities dealing firms will perform all the services on behalf of investors and these include, among others, opening accounts for investors, and performing the necessary due diligence exercise including the Know Your Customer (KYC) requirements.
It also includes day-to-day communication with the client, mailing of customer transaction statements at no cost, and transacting on the stock exchange on behalf of the investor.
Java House Africa Group has announced that it was seeking franchisees under its Kukito Brand,…
German-based manufacturing company Stihl Group has announced plans to open a new subsidiary dubbed Stihl…
