FirstRand, South Africa's No.2 banking group, plans to expand in Nigeria, Tanzania, Angola, Ghana and Kenya through acquisitions and internal growth, Bloomberg reported. Once the lender has successfully entered the five priority countries, it may explore expanding in Zimbabwe, Uganda, the Ivory Coast, Senegal, Cameroon and Congo, the news agency reported quoting a presentation by the banks CEO Sizwe Nxasana. The company currently has operations in Namibia, Botswana, Lesotho, Mozambique, Swaziland and Zambia. FirstRand has also received approval to open trade-finance and investment-banking businesses in Kenya and plans to start operations in Tanzania next year, Nxasana said. |
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South African company Exxaro Resources said one of the options it currently considers is dismissing striking coal mine workers who fail to return to work in the week of March 25, fin24 reported ... more
South Africas telecommunication operator Telkom said that it has not made a decision on retrenching 13,000 employees, or more than half of its staff, TechCentral reported quoting a company ... more
Oryx Energies, a major independent provider of oil and gas products and services in Africa, has agreed to buy the South African liquefied petroleum gas (LPG) distribution businesses of BP and ... more