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Brazil’s Petrobras to purchase offshore oil block stake in South Africa

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<p><img src=”https://biz-file.com/c/2410/752949-208×117.jpg?5″ width=”208″ height=”117″ alt=”Source: Reuters.” align=”left”><br><span >Source: Reuters.&lt;/span><p>Brazilian state-run oil company Petrobras announced on Tuesday, 1 October 2024 that its board gave a green light to acquire a...

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Spar appoints new CFO

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<p><img src=”https://biz-file.com/c/2410/752942-208×117.jpg?5″ width=”208″ height=”117″ alt=”Source: Reuters.” align=”left”><br><span >Source: Reuters.&lt;/span><p>South Africa’s second-biggest grocery group Spar has appointed Moegamat Reeza Isaacs as chief financial officer with effect from Wednesday, 1 January...

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SA’s ‘Big Four’ banks hit by R27bn bad debt charges

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<p><img src=”https://biz-file.com/c/2410/752935-208×117.jpg?5″ width=”208″ height=”117″ alt=”Source: 123RF.” align=”left”><br><span >Source: 123RF.&lt;/span><p>South Africa’s “Big Four” banks—Absa, FirstRand, Nedbank, and Standard Bank—incurred a R27bn loss in the first half of 2024 due to...

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Digital payment leap: Orabank teams up with Network International

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<p><img src=”https://biz-file.com/c/2410/752821-208×117.jpg?5″ width=”208″ height=”117″ alt=”Source: Supplied. Ferdinand Ngon Kemoum, group chief executive officer, Orabank Group and Reda Helal, group managing director – processing, Africa and co-head group processing, Network...

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Inflation is impacting coffee prices and consumption in South Africa

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<p><img src=”https://biz-file.com/c/2410/752756-208×117.jpg?5″ width=”208″ height=”117″ alt=”Inflation is impacting coffee prices and consumption in South Africa” align=”left”><p>Eighty20 has gathered valuable insights into South African coffee preferences across various demographics. From the...

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South Africans down under take centre stage at Saica’s Australia Awards

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<p><img src=”https://biz-file.com/c/2410/752657-208×117.png?1″ width=”208″ height=”117″ alt=”South Africans down under take centre stage at Saica’s Australia Awards” align=”left”><p>Having recognised the exceptional talent abroad, the South African Institute of Chartered Accountants (Saica)...

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Nominations open for boards of PIC, Sasria and Land Bank

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<p><img src=”https://biz-file.com/c/2410/752689-208×117.jpg?3″ width=”208″ height=”117″ alt=”Image source: Getty Images” align=”left”><br><span >Image source: Getty Images&lt;/span><p>National Treasury has called for nominations of candidates to serve on the boards of directors of the...

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The Spar Group reports growth with strategic refocus

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<p><img src=”https://biz-file.com/c/2410/752642-208×117.jpg?5″ width=”208″ height=”117″ alt=”The Spar Group reports growth with strategic refocus” align=”left”><p>The Spar Group has reported that the retailer is making significant strides with its strategic refocus as...

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Investec closes accounts linked to South Africa’s political elite

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<p><img src=”https://biz-file.com/c/2409/752465-208×117.jpg?5″ width=”208″ height=”117″ alt=”Source: Investec.” align=”left”><br><span >Source: Investec.&lt;/span><p>Investec Bank <a href=”https://www.news24.com/citypress/news/bank-closes-mashatile-associates-bank-accounts-over-r85m-questionable-transactions-20240929″ target=”_blank”>closed the accounts</a> of Deputy President Paul Mashatile’s associates after questioning transactions involving millions of rands linked...

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Absa to unlock South African equities market for HSBC global clients

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<p><img src=”https://biz-file.com/c/2409/752602-208×117.jpg?5″ width=”208″ height=”117″ alt=”Source: Wikimedia Commons.” align=”left”><br><span >Source: Wikimedia Commons.&lt;/span><p>Absa has come to an agreement with HSBC for Absa to provide HSBC’s global equities and securities finance clients...

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