One of South Africa's major banks, Absa, has reaffirmed its commitment to boosting financial performance, setting a target to raise its return on equity to 16% by 2026, as it continues to trail some of its peers. Group CEO Kenny Fihla says efforts are also underway to appoint permanent leaders for key divisions, including Personal and Private Banking, as well as Corporate and Investment Banking. Channel Africa's economics reporter, Innocent Semosa, has the details..."

One of South Africa's major banks, Absa, has reaffirmed its commitment to boosting financial performance, setting a target to raise its return on equity to 16% by 2026, as it continues to trail some of its peers. Group CEO Kenny Fihla says efforts are also underway to appoint permanent leaders for key divisions, including Personal and Private Banking, as well as Corporate and Investment Banking. Channel Africa's economics reporter, Innocent Semosa, has the details..."

In-depth financial issues, profiling of African businesses doing well internationally, stocks & market updates.

In-depth financial issues, profiling of African businesses doing well internationally, stocks &amp; market updates.

Business Africa

Africa in Business

ABSA's newly appointed Group CEO, Kenny Fihla, outlines his strategy for the bank

Africa's water systems are said to be in a crisis, with about 845 million people lacking safely managed drinking water, and over 900 million have no access to safe sanitation. Analysts say that ensuring reliable water services in sub-Saharan Africa will require governments, communities, and development funders to work together. By coordinating infrastructure, investment, information, and institutions, the region can build sustainable and resilient water systems for everyone. Thami Ngubeni spoke to Arthur Quphe, the President of the South African Council for the Quantity Surveying Profession.

Africa's water systems are said to be in a crisis, with about 845 million people lacking safely managed drinking water, and over 900 million have no access to safe sanitation. Analysts say that ensuring reliable water services in sub-Saharan Africa will require governments, communities, and development funders to work together. By coordinating infrastructure, investment, information, and institutions, the region can build sustainable and resilient water systems for everyone. Thami Ngubeni spoke to Arthur Quphe, the President of the South African Council for the Quantity Surveying Profession.

Africa's water systems in a crisis, with about 845 million people lacking safe drinking water

The Competition Commission of South Africa has found that PG Glass and Glasfit engaged in cartel behaviour by colluding to fix prices. The investigation, prompted by a complaint, revealed that the two rivals in automotive glass distribution and installation allegedly agreed to fix prices for products supplied to end-users and insurance companies. The Commission has since referred the case to the Competition Tribunal for prosecution. Thami Ngubeni spoke to Makgale Mohlala, the Head of Cartels Division at the Competition Commission of South Africa..

The Competition Commission of South Africa has found that PG Glass and Glasfit engaged in cartel behaviour by colluding to fix prices. The investigation, prompted by a complaint, revealed that the two rivals in automotive glass distribution and installation allegedly agreed to fix prices for products supplied to end-users and insurance companies. The Commission has since referred the case to the Competition Tribunal for prosecution. Thami Ngubeni spoke to Makgale Mohlala, the Head of Cartels Division at the Competition Commission of South Africa..

PG Glass and Glasfit found to have engaged in cartel behaviour by colluding to fix prices

Mozambique has announced a comprehensive digital transformation agenda aimed at integrating government systems, improving public service delivery, and strengthening economic competitiveness. President Daniel Francisco Chapo described the initiative as a structural reform of the State rather than simply a technological upgrade.Channel Africa's economics reporter, Innocent Semoa, spoke with Américo Muchanga, Mozambique's Minister of Communications and Digital Transformation.

Mozambique has announced a comprehensive digital transformation agenda aimed at integrating government systems, improving public service delivery, and strengthening economic competitiveness. President Daniel Francisco Chapo described the initiative as a structural reform of the State rather than simply a technological upgrade.Channel Africa's economics reporter, Innocent Semoa, spoke with Am&eacute;rico Muchanga, Mozambique's Minister of Communications and Digital Transformation.

ABSA's newly appointed Group CEO, Kenny Fihla, outlines his strategy for the bank

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