The Competition and Fair Trading Commission (CFTC) in Malawi has fined two leading commercial banks millions of dollars after finding them guilty of unfair consumer practices. The complaints against FDH Bank plc and Standard Bank plc were imposed for unfair consumer practices, misleading conduct, and supplying defective products and services. The enforcement action also resulted in the commission ordering six companies operating in the banking, agriculture, courier, dry-cleaning and real estate sectors to refund consumers.To discuss this further we have on the line CEO Desmond Kaunda.

The Competition and Fair Trading Commission (CFTC) in Malawi has fined two leading commercial banks millions of dollars after finding them guilty of unfair consumer practices. The complaints against FDH Bank plc and Standard Bank plc were imposed for unfair consumer practices, misleading conduct, and supplying defective products and services. The enforcement action also resulted in the commission ordering six companies operating in the banking, agriculture, courier, dry-cleaning and real estate sectors to refund consumers.To discuss this further we have on the line CEO Desmond Kaunda.

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.

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Africa in Business

Malawi Regulator Cracks Down on Unfair Consumer Practices

As South Africa continues to battle high unemployment and sluggish economic growth, E&T Minerals co-founder Daniel Eyre believes young entrepreneurs have a critical role to play in reshaping the future of the country's mining industry and driving much needed economic activity. His remarks come ahead of the highly anticipated reopening of the Asure Colliery in Mpumalanga next week. The project is being hailed as a significant milestone for job creation, industrial recovery in South Africa's mining sector. The mine, formerly known as Fentonia Colliery, has been dormant since 2018. Our Economics Reporter, Innocent Semosa, has more

As South Africa continues to battle high unemployment and sluggish economic growth, E&amp;T Minerals co-founder Daniel Eyre believes young entrepreneurs have a critical role to play in reshaping the future of the country's mining industry and driving much needed economic activity. His remarks come ahead of the highly anticipated reopening of the Asure Colliery in Mpumalanga next week. The project is being hailed as a significant milestone for job creation, industrial recovery in South Africa's mining sector. The mine, formerly known as Fentonia Colliery, has been dormant since 2018. Our Economics Reporter, Innocent Semosa, has more

Mpumalanga Mine Reopening Sparks Hope for Jobs and Economic Growth.

Africa's largest asset manager and custodian of public sector pension funds the Public Investment Corporation (PIC) in on the spotlight, after receiving a whistleblower complaint compelled it to assess allegations against chief executive. The claims which are linked to the long-running Lanseria Airport dispute, have raised questions about governance, executive authority, board oversight and potential conflicts of interest at South Africa's asset management firm. Joining me now is Norman Masungwini, award-winning senior political journalist at News24, who has been closely following developments at the Public Investment Corporation, including the recent whistleblower complaint and governance concerns at the institution

Africa's largest asset manager and custodian of public sector pension funds the Public Investment Corporation (PIC) in on the spotlight, after receiving a whistleblower complaint compelled it to assess allegations against chief executive. The claims which are linked to the long-running Lanseria Airport dispute, have raised questions about governance, executive authority, board oversight and potential conflicts of interest at South Africa's asset management firm. Joining me now is Norman Masungwini, award-winning senior political journalist at News24, who has been closely following developments at the Public Investment Corporation, including the recent whistleblower complaint and governance concerns at the institution

PIC Under Scrutiny as Whistleblower Complaint Raises Governance Concerns

The conflict in the Middle East is expected to slow global growth to the lowest rate since the onset of the COVID-19 pandemic amid higher energy prices, steeper inflation, and increased borrowing costs. This is according to the World Bank Group's latest Global Economic Prospects report. Thuto Ngobeni has the report

The conflict in the Middle East is expected to slow global growth to the lowest rate since the onset of the COVID-19 pandemic amid higher energy prices, steeper inflation, and increased borrowing costs. This is according to the World Bank Group's latest Global Economic Prospects report. Thuto Ngobeni has the report

Malawi Regulator Cracks Down on Unfair Consumer Practices

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