African Roots

Image source: Tima Miroshnichenko from Pexels The staggering increase in the frequency and quantum of administrative penalties makes it clear that the Regulators are taking no prisoners in executing their mandates to enhance market integrity and to fulfil their strategic objectives to act decisively and visibly against misconduct – especially since the Financial Action Task…

Source: Reuters. “Over the medium term, government is transforming its approach to public-sector infrastructure by creating the conditions to attract private-sector participation,” the National Treasury’s mid-term budget review said. The Treasury also said the government was developing a blended finance risk-sharing platform to build on its independent power-producer programme. The platform will include a credit…

Source: Supplied Identifying key points of loss “Considerable attention is given to increasing food production, but there’s less focus on reducing food loss and waste so more people could be fed using the same resources. Identifying the key points in the value chain where these losses occur is essential for crafting effective interventions,” says Ben…

Source: Reuters. In the first budget review since the African National Congress (ANC) lost its ruling majority and formed a coalition government, the National Treasury said it saw the consolidated deficit at 5.0% of national output in the fiscal year that ends in March 2025, wider than the 4.5% deficit forecast in February. For the…

Source: Unsplash Additional funding for school infrastructure was confirmed but provided no further financial support for teachers’ salaries. Maynier welcomed the commitment to improving educational facilities, but he voiced disappointment over the lack of funding for crucial teaching staff and reiterated his department’s intent to engage further with the National Treasury to address this shortfall….

Image supplied The store is part of Starbucks South Africa’s ongoing mission to make it even easier for local coffee lovers to access the distinctive Starbucks’ experience. Operated under licence by Rand Capital Coffee, the Bayside Mall store offers the full Starbucks menu, including iconic beverages like the Pumpkin Spice Latte and upcoming favourites like…

Source: © Facebook Facebook The Media Development Investment Fund (MDIF) has exited South Africa’s Mail & Guardian The New York-based not-for-profit investment fund sold its majority shareholding in M&G to minority shareholder and former CEO Hoosain Karjieker and director Thembisa Fakude. Harlan Mandel, MDIF CEO says that although they are sad to be exiting such…

Source: www.unsplash.com This was just over four percentage points (pp) ahead of forecast owing to stronger-than-expected digital growth and the relatively weak comparable results for 2023. The latest figures now provide a picture for the first half of the year, showing adspend increased 13.5% to £19.6bn in H1. AA/Warc has upgraded its forecasts for 2024,…