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AfrAsia Bank raises additional capital while National Bank of Canada increases shareholding to 17.5%

The National Bank of Canada has acquired an additional 8% shareholding in AfrAsia Bank, bringing its total equity stake to 17.5%
This additional investment further reinforces the long-term partnership intended to create value for both AfrAsia Bank and National Bank of Canada (NBC), while also putting NBC as AfrAsia’s second largest shareholder.

Starbucks is finally coming to South Africa

The first store will open in Johannesburg by mid-2016
Johannesburg - Starbucks is jumping into the surging coffee market in South Africa, where the number of cafes has expanded rapidly in recent years.