Paynet Awarded New Security Certification

Electronic payments supplier Paynet has received the Payment Card Industry Data Security Standard (PCI DSS), a vital security certification in the monetary and payment sector. The award ensures that card management center and the Paynet substitution are safest surroundings managing sensitive payments data belonging to customers, authorities and fiscal institutions. “I can actually say that […]

African Investment – Progress Report

Investor trust in Africa will not enhance this year although petroleum importers will gain as the biggest petroleum exporters were hit by poor costs, a Reuters survey found on Thursday. The predictions are poorer than in the boom years that China’s voracious appetite drove while such growth rates are high by international standards. “East Africa […]

The African Cash Which Simply Disappears

A combined panel headed by former South African President Thabo Mbeki and run from the African Union as well as the United Nations released a report describing the strategies some businesses utilize to send cash from the continent illicitly. The losses are staggering not only in relation to dollars but development chances lost, Mr. Mbeki […]

Will Oil Bring Prosperity or Chaos to East Africa

Many in the oil industry are looking towards East Africa as the next great oil reserves. ¬†There have been many discoveries over the last few years that seem to be commercially viable, including some in Uganda, Mozambique and Tanzania. Of course these countries have numerous problems, but if used responsibly the billions of dollars of […]

South Africa Narrowly Avoids Recession

It was close, but the latest South African economic results have delivered small growth which has meant the country is not quite dipping into recession. However the promises by the government of reinvigorating the economy seem to be fairly empty at this point. There is no doubt that the South African economy has struggled over […]