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The country needs radical reform to address load-shedding, unemployment and poverty.

The entire electricity industry must be privatised and depoliticised. Regulations must be decimated in general to make it easier to do business across the board. We need to overhaul labour regulations to encourage employment and make it easy for businesses to hire and fire people. While we are facing a global economic crisis, SA’s relative insulation from the 2008 financial crisis shows we are not beholden to global trends. SA needs radical reforms to address load-shedding, unemployment and poverty. We are responsible for our economic woes, and only we can get ourselves out of this hole.

African Bank Holdings Limited announced on Friday that it reached a significant milestone, paying out its inaugural gross dividend of 20 cents per ordinary ...

African Bank Holdings is 50% owned by the Reserve Bank, with the Government Employees Pension Fund (GEPF) owning 25%. Ubank would fall under African Bank’s consumer banking operations. “With our recent acquisition of Grindrod Bank as well as UBank, the bank is well-positioned to continue providing value to our shareholders and have an impact on consumers and the market," African Bank said.

The group paid its inaugural gross dividend of 20c per ordinary share to shareholders that include the Reserve Bank and the GEPF.

The group, which houses the new African Bank lending unit and also sells credit life insurance and funeral policies, on Friday paid its inaugural gross dividend of 20c per ordinary share to its shareholders. Email [email protected] or call 0860 52 52 00. The group paid its inaugural gross dividend of 20c per ordinary share to shareholders that include the Reserve Bank and the GEPF