Author: Gemma Ritchie
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Joburg’s mayoral carousel: ANC’s Dada Morero is back in the hot seat
Johannesburg’s 11th mayor in 10 years has been sworn in. On 16 August, the ANC’s Dada Morero replaced Al Jama-ah’s Kabelo Gwamanda, who was installed as mayor last year after his party colleague Thapelo Amad resigned after just four months as leader of South Africa’s biggest metro. The Al Jama-ah mayors were put in place…
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Keeping the lights on: Eskom’s capacity to generate power breaches 70%
Eskom is finally making headway in keeping the country’s lights on. A key improvement has been an uptick in the energy availability factor (EAF), the average percentage of Eskom’s installed capacity that is in working order and ready to run if needed. In the last week of July, Eskom power stations had an EAF of…
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How South Africans are changing their banking habits
South Africans are moving away from traditional banking halls and physical cards to banking on smart devices and cellphones. Standard Bank clients spent R9.3-billion using digital wallets in the past year. It sounds incredible, until you compare it with FNB clients, who spent R31-billion using their smart devices in the six months between July and…
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Mobile money: Sub-Saharan Africa leads banking revolution with nearly half the world’s accounts
Sub-Saharan Africa has dominated the global mobile money landscape since 2013, and now boasts twice as many registered accounts as South and East Asia and the Pacific. According to the GSMA’s 2024 state of the industry report, the region has 835-million registered mobile money accounts, nearly half of the world’s 1.75-billion accounts. Last year, 62-billion transactions worth $912-billion were processed in Sub-Saharan…