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1-10 results from 1000 for query «investment»

14 January 2019 7:29 AM Nokia looks to Africa for 2019's fastest mobile development

Nokia head of customer marketing and communications in the middle east and African regions Joachim Wuilmet said the African continent is on the cusp of the next great mobile phone innovation in 2019. Writing in a circular from the multinational telecommunications giant, Wuilmet said mobile subscribers in sub-Saharan Africa rose by 44% in 2017 and smartphone 110

13 January 2019 11:49 AM Cape Town tech firm secures $1.85m funding to expand

WhereIsMyTransport, a public transport data and technology company founded in Cape Town and incorporated in the UK, has announced an investment of $1.85m from Liil Ventures and Goodwell Investments as part of its Series A funding round. The investment has been secured as the company expands its digital mapping of formal and informally run public transport 101

10 January 2019 6:43 PM Manuel Chang to remain behind bars until bail application

Former Mozambican finance minister Manual Chang has had his bail application postponed to January 18 by the Kempton Park Magistrate's Court. The postponement was granted to give his defence time to peruse an indictment detailing charges related to crimes that the US alleges he committed and to review the validity of Chang's warrant of arrest pending 180

02 January 2019 5:04 PM Saudis said to seek advisers for biggest bank merger since 2016

National Commercial Bank and Riyad Bank are seeking advisers for a potential merger that would create the Gulf region’s third-biggest lender with $182bn in assets, according to people with knowledge of the matter. The banks have sent out so-called request for proposals to firms including Citigroup, Credit Suisse, Goldman Sachs, HSBC, JPMorgan Chase & Co and UBS, the people 122

01 January 2019 8:44 AM From the 2019 elections to the revolution…Politicians wish SA a happy new year

It is standard practise for Happy New Year wishes to contain messages of peace, goodwill and hope for the future. And while South African politicians by no means wished their compatriots ill for the coming year, from across the floor, many of our politicians seemed to break the mould by honing in on two themes as they wished us a happy New Year: the 2019 elections 93

25 December 2018 4:04 PM Biggest Saudi Arabia bank starts talks to create mega lender

National Commercial Bank, Saudi Arabia’s biggest lender, started initial talks with Riyad Bank for a merger, a deal that would create the Gulf’s third-biggest lender with $182 billion in assets. Talks may not result in a transaction, National Commercial Bank said in a statement. The lender said it has coordinated the move with the central bank and that a deal isn’t 118

23 December 2018 10:51 AM Ghosn lawyer challenges latest financial misconduct allegations

Carlos Ghosn’s lawyer challenged allegations by prosecutors that the former Nissan chairperson transferred personal financial losses to the Japanese automaker. On Friday, while rearresting Ghosn, the prosecutors alleged Ghosn used Nissan’s money to pay a person who helped him meet payments to maintain a personal trading position during the 2008 global 107

22 December 2018 1:23 PM Banks stuck with $1.6bn of unsold loans amid market rout

A rout in the once-hot market for risky corporate loans has some of Wall Street’s largest banks stuck with at least $1.6bn of unwanted leveraged buyout debt. Banks including Barclays Plc, Goldman Sachs Group Inc. and Bank of America Corp. -- among the top providers of loans for LBOs -- have struggled in recent weeks to sell loans they’ve agreed to make for private 122

21 December 2018 5:45 PM SA investors have unrealistic expectations, global study finds

A global study found that South African investors expect their portfolios to return nearly 13% annually over the next five years – almost 3% higher than the global average and 8.4% higher than their actual returns over the past five years. South Africa shows the third highest difference between expected returns and actual returns (8.4%), trailing only Russia 120

14 December 2018 10:47 AM Future generations 'will have to work into their 80s to save for retirement'

A challenge for the financial planning industry is how to factor in ever-increasing life expectancies when it comes to retirement savings goals, according to Jacques Brown, a wealth manager at Private Client Holdings. "People will have to work for longer to save for a longer retirement. The 70s are the new 60s. I would imagine then that future generations 167