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Author: Staff Writer

Investing In MultiChoice Shares – Is It Worthwhile?

Multichoice, Africa’s premier entertainment business, was established in 1995. It takes full advantage of entertainment to create a positive atmosphere in the society by highlighting compelling local and worldwide tales and bringing the community together around a mutual interest. It is present in South Africa, the Technology sector, and the surrounding territory. It includes online[…]

Rand volatile as South Africa changes policy

A shift in how South Africa’s central bank administers monetary policy may cause the rand to become more volatile. The switch will begin Wednesday night, with the central bank transitioning from its present deficit system to a surplus one, allowing commercial banks to store and earn interest on excess reserves. While the adjustment will have[…]

South Africa’s first-quarter economic growth exceeds expectations

South Africa’s economy accelerated in the first quarter as the country recovered from a fourth wave of coronavirus infections and President Cyril Ramaphosa eased practically all remaining restrictions aimed at limiting the virus’s spread. GDP increased by 1.9 percent in the three months to March, compared to 1.4 percent growth in the previous quarter, according[…]

Norway is investing R120 million in the South African dried fruit and nut industry

Norfund, the Norwegian Investment Fund for Developing Countries, has announced a $8 million (R120 million) investment in Redsun, a South African raisin processor and distributor. Redsun was founded in 2009 in Keimoes, Northern Cape, a region that produces approximately 90% of South Africa’s raisins. The company is at a crucial stage in the international raisin[…]

Market Wrap: Altcoins Outperform as Sentiment Strengthens; Bitcoin is in the ‘Value Zone’

Bitcoin (BTC) and other cryptocurrencies traded higher on Tuesday, as recent bearish sentiment appears to be fading.Most alternative cryptocurrencies (altcoins) outperformed bitcoin, indicating that traders have a greater appetite for risk. For example, THORChain’s RUNE token has increased by 11% in the last 24 hours, compared to a 2% increase in BTC during the same[…]

WonderFi plans a $31 million (456 mil) acquisition of Coinberry Crypto Exchange

WonderFi recently completed the acquisition of Bitbuy, another trading platform. WonderFi Technologies, the Kevin O’Leary-backed crypto platform, announced Monday that it intends to purchase Canadian crypto trading platform Coinberry for $30.6 million (R449 mil) as the company continues to consolidate its presence in Canada. WonderFi, based in Vancouver, recently completed its $162 million (R2.4 bn)[…]

MyTFG rewards program review 2022

MyTFG Rewards is a rewards program for brand stores that are part of the “The Foschini Group” brand. Customers who have a store account with any of the following retail brands are automatically enrolled in the MyTFG rewards program. The following store accounts are eligible for automatic admission into the myTFG rewards program: @home, AmericanSwiss, […]

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