FirstRand to appeal UK Court ruling on motor finance broker transparency
In its appeal, FirstRand argues that motor dealers should not be held to fiduciary standards or be required to provide impartial advice.
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South African tycoon Khudusela Pitje’s GX Capital lands $43 million from Standard Bank
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Attijariwafa Bank Egypt, backed by Morocco’s royal family, unveils $10 million SME facility
Attijariwafa Bank Egypt and IFC launched a $10 million risk-sharing facility to expand SME lending, boost jobs, and support women-led businesses.
Patrice Motsepe’s ARM shuts Beeshoek mine, 622 workers to lose jobs
South African billionaire Patrice Motsepe’s ARM shuts Beeshoek mine after ArcelorMittal ends iron ore purchases.
Femi Otedola’s net worth hits $1.6 billion on gains from Geregu Power, First HoldCo
Nigerian billionaire businessman and philanthropist Femi Otedola’s fortune climbs to $1.6 billion on strong gains from Geregu Power and First HoldCo.
Nduka Obaigbena’s General Hydrocarbons placed in receivership by AMCON amid First Bank loan dispute
AMCON has taken control of Nduka Obaigbena’s General Hydrocarbons, deepening financial troubles that could spill over into his Arise TV and ThisDay holdings.