City Cape Town Financial News

Cape Town, South Africa – 19 August 2024 – Prepare yourself for the most thrilling African Web3 event of the year! The Blockchain Africa Conference is back, celebrating its monumental 10th anniversary. This year marks a decade of groundbreaking innovation, transformative conversations, and game-changing solutions that are propelling Africa to the forefront of the global blockchain revolution.

It empowers aircraft leasing companies to repossess planes if airlines fail to pay lease rentals. Once enacted, the bill is expected to align Indian law with international aviation standards and provide stronger protections for lessors, improving the investment climate for aircraft leasing in India.

safari slang for off-roading—helping wildlife enthusiasts spot everything from lions to pangolins. There are fleets of hot air balloons, canoes and pontoon boats, too, all offering different vantages of the continent’s vast biodiversity. But there’s only one solar-powered cable car system meant to get you eye-to-eye with giraffes or hovering above baobab branches. When it opens in May, the six-seat Solfari gondola will be a new claim to fame for the Unesco-designated Vhembe Biosphere Reserve, in South Africa’s little-visited Limpopo province. The amenity will be exclusive to guests of a new luxury lodge there, the six-suite, solar-powered Few & Far Luvhondo, where rates start at $1,800 per person per night. This aerial amenity is the invention of Jacob Dusek, who with wife Sarah Dusek founded the American glamping company Under Canvas. After selling the company to KSL Capital Partners for more than $100 million in 2018, the pair moved to Cape Town and launched a venture capital firm to invest in female-run African companies. By fall 2019 the firm was smoothly up and running, and the pair yearned to return to their nature-tourism roots in their newly adopted homeland.

Microsoft will invest an additional 5.4 billion rand ($296.81 million) by the end of 2027 to expand its cloud and artificial intelligence infrastructure in South Africa to meet the growing demand for the company's Azure services in the region. Microsoft Vice Chair and President Brad Smith said at an event in Johannesburg on Thursday that the world's biggest software maker would pay for technical certification exams for 50,000 individuals in high-demand digital skills. The certification will be for cloud architecture, AI and cybersecurity, he added.

Vedanta Resources VDAN.NS> is trying to raise around $1 billion in debt financing to fund development of its Konkola Copper Mines (KCM) in Zambia, Chris Griffith, head of the company's base metals unit, said.

South African President Cyril Ramaphosa spoke with Elon Musk a day after U.S. President Donald Trump promised to cut the country's funding over a land expropriation law

U.S. President Donald Trump says he will cut all funding to South Africa and has launched an investigation of the country’s polices, claiming a “massive” human rights violation is happening over a new land expropriation law

U.S. President Donald Trump says he will cut all funding to South Africa over what he called a massive human rights violation

Cape Town Convention that mainly pertains to leasing of aircraft will soon get legal backing in the country with the Union Cabinet recently approving a bill in this regard, according to a senior official. India is one of the world's fastest growing civil aviation markets and domestic carriers have placed orders for more than 1,200 planes.

The wedding, held on May 19, 2018, at Windsor Castle's St. George's Chapel, saw Harry dressed in his Blues and Royals frock coat military uniform, complete with a beard. Military protocol traditionally requires servicemen in uniform to be clean-shaven, but Harry sought and received a special exemption from the Queen. This decision, Harry claimed, left William «livid.» «You put her in an uncomfortable position, Harold! She had no choice but to say yes,» William allegedly exclaimed upon learning of the Queen's approval. According to Harry, the issue escalated into a week-long argument, with William insisting he shave. Harry recounted his response, «For the love of God, Willy, why does this matter so much to you?» William reportedly replied, «Because I wasn't allowed to keep my beard.»

President Joe Biden will make his long-awaited visit to Africa this week to showcase a U.S.-backed railway project that goes across three countries

Subscribe to enjoy similar stories. CAPE TOWN, South Africa—If it looks like a quagga, gallops like a quagga and barks like a quagga, then it probably is a quagga. Or is it? Scientists and conservationists here say they’ve brought a zebralike mammal back from the dead, giving the quagga a major win over the more-famous Woolly mammoth and Dodo bird in the global race to bring animals back from extinction.

Subscribe to enjoy similar stories. The failure to revive two prominent Indian airlines—Jet Airways and Go First—has triggered a debate on the limitations of India’s Insolvency and Bankruptcy Code (IBC), particularly in addressing airline insolvencies. Jet Airways and Go First have now become case studies shedding light on the difficulties in reviving airlines under the IBC.

The United Nations' food agency says months of drought in southern Africa triggered by the El Niño weather phenomenon have had a devastating impact on more than 27 million people and caused the region’s worst hunger crisis in decades

Cape Town, South Africa – On 11 October 2024, the DHL Stadium will host Crypto Fest 2024, one of the most anticipated South African Web3 events of the year. This event will highlight Bitcoin adoption, crypto payments, and the growing regulatory landscape across Africa, emphasizing both the benefits and challenges of using cryptocurrency for payments.

FanCode has signed a three year deal with T Ten Global for streaming rights of Zim Afro T10, Abu Dhabi T10 and Lanka T10. The second edition of Zim Afro T10 will start on September 21 and is expected to produce nine days of high-quality cricket, with the likes of David Warner, Dawid Malan, Yasir Shah, Carlos Brathwaite, and Colin Munro, all in the mix. The tournament will put the spotlight on cricket’s fastest format at the Harare Sports Club. The six franchises in the tournament are the Harare Bolts, Bulawayo Brave Jaguars, Cape Town Samp Army, Durban Wolves, Jo’Burg Bangla Tigers and the NYS Lagos.

Kate Middleton who is presently undergoing treatment for cancer is expected to be seen more as the year goes on, although not so soon and at very select moments, reported the Sunday Times.

A former top official at South Africa’s state-owned passenger railway company has received a 15-year concurrent prison sentence for faking his engineering qualifications and other cases of fraud

South Africa has active investigations into alleged corruption totaling more than $7 billion at some of its top state-owned companies

okada, and boda boda. They are transforming mobility in Africa. Behind the rise is a story of supply and demand.

Qatar Airways has acquired a 25% stake in the private African carrier Airlink