VENTURES AFRICA – In a move likely to trigger another strike in the volatile Rustenburg’s platinum belt, the world’s biggest platinum producer, Anglo American Platinum (Amplats), on Wednesday said it will start the process of retrenching 6 000 mine workers by the end of this week. In January this year, Amplats said it planned to [...]

VENTURES AFRICA – South Africa’s FirstRand bank today announced that Michael Jordaan would be stepping down as CEO of FNB at the end of the year. He will be succeeded by Jacques Celliers, currently CEO of Business Banking at FNB. Celliers indicated that innovation will remain part of the bank’s DNA. Jordaan said he will [...]

VENTURES AFRICA – Financial messaging provider, SWIFT, on Wednesday said its African business outperformed the global business by more than 16 percent in terms of total growth. These figures emerged at the 2013 SWIFT African Regional Conference (ARC) held in Gaborone, Botswana this week. SWIFT believes this stresses the significance of the African region in [...]

VENTURES AFRICA – JSE-listed general retailer, Massmart, on Wednesday said it will start paying more attention to store growth in South Africa and sub-Saharan Africa. In 2010, the world’s biggest retailer, Wal-Mart, acquired Massmart for $2.3 billion. This has given Wal-Mart a huge presence in South Africa and has prepared the company for the further [...]