UK-based bank and financial services company Virgin Money, part of global diversified investor Virgin Group, will be looking to offer retail banking products in South Africa, BDay Live reported. Virgin Money, which has been offering a credit card through a partnership with Absa bank and short-term insurance through Dial Direct, launched this week a direct life insurance offering with 1Life Insurance. The Virgin Money credit card has issued credit of more than ZAR 1bn (EUR 85mn) since its launch in 2006 and has gained more than 100,000 active customers. Virgin Money plans to start offering insurance products for small and medium enterprises as of October 2013. |
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