CFAO acquires Opella Healthcare South Africa

Source: Supplied. It marks CFAO’s first healthcare investment in the country, which is the second-largest market on the continent. The new entity will operate as CFAO Healthcare in South Africa. CFAO Healthcare, a division of CFAO Group, continues its mission of enhancing healthcare globally by manufacturing, distributing, and providing pharmaceutical and medical products and related…

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Digital payment leap: Orabank teams up with Network International

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 International. The partnership is a significant milestone in enhancing the banking experience for Orabank group customers and enabling the bank’s digital transformation with innovative solutions. It will leverage Network International’s…

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

Source: 123RF. The firm recalculated certain amounts and ratios using publicly available data for comparability. Despite a challenging operating environment, the report highlighted that these banks have still achieved positive growth during the first six months of 2024. The “Big Four” banks’ combined headline earnings rose by 2.5% to R56.8bn, while bad debt hit R27.1bn….

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South Africa unveils its first electric minibus taxi

Image supplied The partnership kicked off in 2023 to investigate and advance the feasibility of an electric minibus taxi in South African conditions by testing production vehicles in South Africa. The project team, consisting of GoMetro, Powerfleet (formerly MiX Telematics), HSW, ACDC Dynamics, and various entities within Stellenbosch University’s Faculty of Engineering, conducted rigorous and…

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Qatar Airways invests in Virgin Australia: A strategic $3bn boost to Aussie aviation

Source: Supplied. The equity investment by Qatar Airways group will unlock new areas of co-operation with Virgin Australia, all of which will help to drive additional consumer and economic benefits. Subject to authorisation from the Australian Competition and Consumer Commission, this co-operation will enable Virgin Australia to launch flights from Brisbane, Melbourne, Perth and Sydney…

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New ADvTech university mega-campus to launch in Sandton

Artist’s renderings of the new IIE mega-campus | image supplied The new development will involve retrofitting and upgrading of the existing facilities, covering approximately 47,000m2. In addition, an office and lecture building, a new sports centre and a reconfiguration of the entrance on Grayston Drive will be built. It is anticipated that development will take…

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