Sasfin announces 2025 exit from South African banking

Source: Sasfin. “This strategy will enable us to focus on our core Wealth and Rental Finance businesses. Significant progress has been made by exiting non-core activities and navigating challenges, positioning us well to execute the remaining strategy in the months ahead,” the group said. In its delayed financial results for the year ending 30 June…

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SA’s insurance industry sees uptick in M&A, with continued deal activity

Source: Pexels However, continued macroeconomic weakness, political uncertainty for those facing uncertain election outcomes, and unresolved global tensions continue to present challenges for investment and mergers and acquisitions (M&A) activity. While turbulence and uncertainty are often not ideal, in this scenario, it helps to reinforce the requirement and opportunity for many industries and operators to…

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Committee concerned about SANDF budget cuts

SANDF troops. 1 minute The Joint Standing Committee on Defense says it is concerned about the continuous reduction of the budget allocation for the South African National Defense Force (SANDF). The committee held a joint media briefing with two other committees of Parliament that belong to the Peace and Security Cluster. Committee chairperson Malusi Gigaba…

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Musk not interested in acquiring TikTok

A 3D-printed miniature model of Elon Musk and the TikTok logo are seen in this illustration taken January 23, 2025. 3 minutes Billionaire Elon Musk said that he was not interested in purchasing TikTok, the popular short-video app that the United States has been trying to ban over national security concerns with its Chinese owner…

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Byo artists reignite city’s dying art scene

This comes after 16 artists exhibited their pieces at the National Art Gallery on October 18 at an exhibition themed Resonance in Silence Bulawayo Speaks by ArtBulawayo, a pioneer display. BULAWAYO artists teamed up recently  to exhibit their art pieces and paintings in a bid to rekindle local art-lovers interest at a time the art…

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Gwamanda vindicated as court drops fraud case

File image: Former Johannesburg Mayor Kabelo Gwamanda. 2 minutes Former Johannesburg Mayor Kabelo Gwamanda says he is vindicated now that the state has dropped all charges against him. The Protea Magistrate’s Court in Soweto has provisionally withdrawn Gwamanda’s case as the state failed to present the charge sheet. It was alleged that Gwamanda and a…

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