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Author: SADC Correspondent

First African bank to sign up as member of web-based digital trade network

The growing need for secure, reliable trade finance in the global sphere has prompted the Standard Bank Group, based in Johannesburg, to join the digital trading platform of fintech provider, CCRManager. Late last week, Standard Bank signed an agreement with CCRManager Pte Ltd to become Africa’s first bank to start using the electronic trade network as a member. “As the first African bank to have joined this network, this presents us with many opportunities, including being able to show African trade risk to international banks that are members of CCRManager. It is aligned with our desire to connect Africa...

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Digitisation drives new culture in African banking

Even more than the technology itself, innovative cultures able to include, adapt and evolve technology – as part of the way that banks do things – will determine competitive ability and future success in Africa’s banking industry. “The culture of entrepreneurship and resilience in Africa combined with a growing youth population has led to an increased affinity to adopt more digital technologies,” said Hasan Khan, Group Head, Transactional Products and Services for Standard Bank. This is hardly surprising given some of the statistics for the continent – over 350m internet users, with over 94% of users accessing applications like...

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SADC, partners strategize on regional energy development

By Kizito Sikuka – Southern Africa is endowed with a wealth of energy resources that include solar, hydro, wind and coal, yet the region continues to be affected by electricity shortages. The mismatch is unjustified and needs to be urgently addressed. In fact, for more than a decade the Southern African Development Community (SADC) has been experiencing an electricity shortfall that has forced most countries in the region to implement demand side management programmes such as load shedding. While load shedding has to some extent succeeded in restraining the overall electricity demand in the region, the measure has greatly...

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Facebook gets behind African entrepreneurs in a ‘celebration of tech’ week

Showcasing Facebook’s passion for investing in creative, diverse talent across Africa, and nurturing the tech and startup ecosystem, Facebook this week announced, a week-long celebration of activities as part of its sponsorship of TechCrunch’s Startup Battlefield Africa 2017. The Facebook team will be in Nairobi, Kenya from 9-12 October to take part in and host a number of events aimed at connecting, listening and learning from the startup and wider tech community. In the first event of its kind on the continent, TechCrunch’s Startup Battlefield Africa 2017, will search for the best innovators, makers and technical entrepreneurs in sub...

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Acquisition of South African parent shifts control of Namibian construction filial

Control of NMC Construction, the parent of NMC Construction Namibia, has recently gone over to South African activist investor, Phila Jordan upon acquisition of 51% of the shareholding in the parent. In effect, Jordan now controls the Namibian filial in which the Hangala Group, through its SME contractor’s arm, holds a 30% interest. Announcing the deal in Johannesburg, the South African company’s Managing Director, Shaun Webber said “In line with the groups commitment to continued transformation we are pleased to announce Mr Phila Jordan as the new Executive Chairman of the NMC Group. Mr Jordan’s 51% stake in NMC...

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Legendary Nissan Z-class sport coupé 2018 launched in South Africa

The competition in the space for high-performance large-ticket sport coupés is heating up with Nissan South Africa saying its legendary 370Z, introduced at the beginning of September 2017, is the ultimate in classis-design sports cars. Nissan unveiled the new 2018 model year 370Z at the Festival of Motoring at the Kyalami Grand Prix Circuit near Johannesburg describing it as a continuation of the legacy started with the iconic Z class in the sixties. “The heritage of Nissan’s Z-car series means unparalleled quality and performance, providing drivers with the quintessential sports car experience,” said Xavier Gobille, Managing Director, Sales, Marketing...

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Africa becoming the dumping ground for eWaste

Africa is fast becoming the dumping ground for eWaste. A growing amount of computer equipment from Western nations is being found on toxic eWaste dumps throughout Africa and is being pulled apart by children as young as five. A computer monitor from a prominent Australian bank was recently found on a toxic eWaste dump in Ghana. This raises serious questions about the integrity and regulations of Australia’s growing eWaste problem and even though it is illegal to export redundant computer equipment, that is considered hazardous waste, it is still happening. In South Africa, there are laws that regulate the...

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Car of the Year not only about muscle, also about value for money

The piquant Kia Picanto is rubbing shoulders with much bigger and impressive contenders for the coveted Car of the Year title in South Africa. The other nine overbearing siblings are the Alfa Romeo Giulia, the Audi Q5, the entire BMW 5 series, the all-new Land Rover Discovery, the Peugeot 3008, the Porsche Panamera, the Suzuki Ignis, the only other micro car, and the Toyota C-HR. The announcement of the ten finalists for Car of the Year was made earlier this week by the South African Guild of Motoring Journalists at a posh event in Johannesburg. The annual competition is...

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