by Fintechnews Africa 11 September 2023 LeaseSurance, a South African Insuretech platform underwritten by Bryte, has successfully raised R3million in a seed financing round led by Fedgroup Private Capital. The funding will be instrumental in advancing LeaseSurance’s mission of enhancing the real estate ecosystem through its innovative lease insurance offering by expanding its team, and … Read More “South African Insurtech Startup LeaseSurance Raised $3M Seed” »
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Shares in Asia echoed US declines and a rally in the dollar stalled as the greenback weakened against most major currencies. Treasury yields also fell. Stocks across the region slipped while trading in Hong Kong was scrapped due to weather. Japanese equities fell for a second day after its economy expanded at a slower pace … Read More “Asian equities edge lower as dollar, yuan weaken: Markets wrap” »
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South African consumer confidence rebounded in the third quarter on perceptions that the economic outlook is improving, after inflation eased, growth surprised on the upside and the economy created more jobs. A quarterly index measuring consumer sentiment climbed to -16 in the three months through September from -25 in the previous quarter, FirstRand’s First National … Read More “SA consumer confidence improves on brighter economic prospects” »
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China is no longer set to eclipse the US as the world’s biggest economy soon, and it may never consistently pull ahead to claim the top spot as the nation’s confidence slump becomes more entrenched. That’s according to Bloomberg Economics, which now forecasts it will take until the mid-2040s for China’s gross domestic product to … Read More “China slowdown means it may never overtake US economy, forecast shows” »
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For September, motorists could find themselves paying between R24.00 and R24.48 per litre of petrol, while wholesale diesel prices may jump to between R23.06 and R23.28 per litre. CEF’s fuel price data for the last day of August indicates a substantial under-recovery of between R1.59 and R1.65 per litre for petrol, while diesel saw an … Read More “Fuel prices to take the spring out of your step” »
by Fintechnews Africa 1 September 2023 Africa’s cryptocurrency market is surging on the back of booming usage of blockchain-based payments across the region. Use cases including remittances, supply chain financing, digital identity verification, and peer-to-peer (P2P) lending, a new report produced by Finextra in association with Kora, a pan-African payment infrastructure company from Canada, says. … Read More “Blockchain-Based Payments on the Rise in Africa” »
