Features

HARARE (Capital Markets in Africa) – The health of Zimbabwe’s main opposition leader, Morgan Tsvangirai, has worsened with his cancer having appeared to have spread and his immediate family have been called to a hospital in South Africa, a senior party official said. Tsvangirai, 65, a former labor union leader, opposed former Zimbabwean President Robert Mugabe in every election since 2000 and won a first round presidential vote in 2008 before backing out of the second round, citing…

JOHANNESBURG (Capital Markets in Africa) – Raised in the same industrial town as actor Charlize Theron, Investec Chief Executive Officer Stephen Koseff still retains the edge he picked up as a bloke from Benoni on the east of Johannesburg. Now, after 40 years of jostling with South Africa’s biggest banks and money managers to build Investec into a business managing more than 154 billion pounds ($215 billion) in assets, Koseff and Investec’s two other founding members are making way for new…

The impact of Blockchain, Open Banking, Mobile Money and Payment innovations are radically transforming the financial services landscape as FinTech disruptors intensify the challenge to incumbent banks and kickstart new opportunities in Kenya Nairobi, Kenya: Africa’s financial sector is in the midst of an exciting and profound transformation. The rapid growth of FinTech on the continent is driving the disruption and, in many cases, leapfrogging of legacy systems as innovators accelerate the digital transformation of…

JOHANNESBURG (Capital Markets in Africa) – Mining executives, investors and government ministers are meeting in drought-hit Cape Town for the African Mining Indaba, the continent’s largest gathering of one of its most vital industries. Recent multiyear highs for many commodities have the world’s biggest miners swimming in cash and new demand from electric vehicles mean once-overlooked metals like lithium and cobalt are grabbing the spotlight. But it’s not all blue skies, as the industry grapples…

JOHANNESBURG (Capital Markets in Africa) – Time appears to be running out for South African President Jacob Zuma. Six weeks after his deputy, Cyril Ramaphosa, replaced him as leader of the ruling African National Congress, the party’s top brass is due to meet in Cape Town on Wednesday to decide whether to force him from office. The crunch meeting of the National Executive Committee comes a day before Zuma was due to deliver the annual state-of-the-nation…