South Africa: Latest News

  • Uganda Could Be 1st African Country To Regulate Digital Currencies. Bitcoin Africa: What To Expect In 2017

    Bitcoin Africa By Dana Sanchez, 4:52 pm

    Some African countries have openly criticized bitcoin use. Others have taken a wait-and-see approach. Bitcoin enjoyed a rally in 2016 that’s beaten every major currency, stock index and commodity contract, surging 15 percent during Christmas week alone. Bitcoin transactions increased more than tenfold in Kenya in 2016, according to LocalBitcoins, the world’s largest online bitcoin trading marketplace. In 2017, Uganda could be the first African country to regulate digital currencies.

  • What Are The Economic Implications Of Legal Marijuana In South Africa?

    legal marijuana in South Africa By Dana Sanchez, 1:19 pm

    Hardly a day goes by when US. marijuana attorney Hilary Bricken does not get a call from someone overseas (often South Africa) asking about cannabis real estate opportunities in the U.S. With plans underway to legalize medical marijuana in South Africa, locals there hope to come up with alternative products that costs less and benefit the country more than Western treatment counterparts. South Africa is a major player in the global cannabis industry, producing a top strain — Durban Poison “The (South African) economic implications are absolutely astronomical if you look at what is going on in the rest of the world,” a local stakehoder said.

  • 12 Things You Didn’t Know About South Africa’s Private Healthcare Giants

    Private Healthcare Giants By Peter Pedroncelli, 4:25 am AFKI Original

    The South African private healthcare industry is among the best in the world, with quality care available through a selection of private healthcare giants that operate hospitals, clinics and medical facilities across the globe. The South African private healthcare industry is dominated by three major companies: Mediclinic International, Netcare Limited and Life Healthcare. With that in mind, we take a look at 12 things you may not know about South Africa’s three private healthcare giants.

  • 8 African Entrepreneurs Share Advice On How They Became Successful

    African entrepreneurs By Dana Sanchez, 3:50 pm AFKI Original

    Trained as a pastry chef, Obado Obadoh learned his craft working for major Kenyan hotel chains. In 2011 he had an opportunity to buy out an existing restaurant. The result is Café Deli, Kenya. His secret to success? “Paying your debts,” he said. “When an investor or a bank gives you their money, just pay it back. They will trust you and help you in future.” Obadoh advises entrepreneurs not to get caught up trying to impress people with things they can’t afford. “I don’t … waste funds trying to live a life that’s not yet mine,” he said.

  • Can New Financial Technology Help South African Banks Manage Rising Bad Debt?

    South African banks manage rising bad debt By Dana Sanchez, 1:36 pm

    In future, insurers, asset managers and banks are likely to benefit from the innovation revolution taking place in financial technology, which is creating new means of distribution. Partnerships will be key in reaching new customers, especially in parts of Africa where insurance premiums are being built into mobile subscriptions. “For insurers, the need to drive the distribution model and mobile platforms can fundamentally help,” an EY leader says.

  • Volkswagen Wants To Pilot A New Business Model In Rwanda Combining Production, Ride Sharing

    Volkswagen By Dana Sanchez, 11:41 am

    Europe’s largest automaker is expanding in Africa, hoping to open an auto assembly plant in Rwanda and also pilot ride-hailing and car sharing services. VW’s move into “app-based integrated mobility” in Rwanda is significant for two reasons. It’s happening in an African city and it’s a new business model for future urban mobility. Rwanda does not have an established vehicle industry and Uber hasn’t entered the market yet. VW isn’t just competing with Uber. Other ride-hailing services are looking for new markets in Africa.

  • 15 Wet And Wild Outdoors Activities To Do In Africa

    wet and wild outdoors activities to do in Africa By Dana Sanchez, 7:00 am

    You need a visa to visit Eritrea, and another permit to go to Eritrea’s Dahlak Archipelago, a chain of 124 small islands and two larger ones in the Red Sea near Massawa. Off the beaten path doesn’t begin to describe it. You can expect pristine beaches and unparalleled marine life with few other tourists for miles. Dahlak’s pearl fisheries have been famous since ancient times. Charter yachts can be hired for scuba diving and pearl fishing. During years of war, fishery came to a halt in the area. The unexpected result of isolation? There are lots of fish and they aren’t shy.

  • An Investment Banker’s 54 Wishes For African Economies In 2017

    54 Wishes For African Economies in 2017 By Kurt Davis Jr., 4:29 pm AFKI Original

    A sense of what Zimbabwe can expect post-Mugabe. Partnership in the fight against terror for Tunisia. Better strategies combating poverty and HIV in Swaziland. These are just a few of the wishes that a U.S. investment banker visualizes for African countries as the old year winds down and 2016 gives way to 2017.

  • US’s NBA To Open First African Basketball Academy In Senegal

    African basketball academy By Dana Sanchez, 2:32 pm

    The U.S.’s National Basketball Association is on a fast track to build a brand in soccer-crazy Africa. The NBA held its first game in Africa in August 2015.
    Now it’s launching its first African basketball academy for boys and girls. This will be the NBA’s sixth academy globally. This is its latest move to unearth talent from outside the U.S. and extend the league’s reach into new territories. Amadou Gallo Fall, the NBA’s vice president for Africa, is originally from Senegal.

  • It’s Back: South Africa Invites Foreign Financing ‘Solutions’ On Nuclear Fleet, Cites Koeberg Success

    nuclear fleet South Africa By Dana Sanchez, 12:46 pm

    Nuclear fleet South Africa – it’s back. After many delays, SA has invited foreign financing solutions, formally jumpstarting its stalled nuclear build program. It put out a request for information from potential foreign contractors. Despite public protests, the government wants to build a new fleet of nuclear power stations. A RFP was delayed following reports that Russia had already secured the deal. France, U.S., China and South Korea are interested too. One thing SA has on its side is experience.

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