Citadel Investment Services News

Brian Molefe, the newly appointed acting chief executive officer of power utility Eskom Holdings SOC Ltd., is a former senior Treasury official. Source: Transnet SOC Ltd./Eskom Holdings SOC Ltd. via Bloomberg

South Africa Treasury ex-officials soothe investors in new roles

South Africa is increasingly turning to National Treasury officials from the country’s first decade of democratic rule to help steer key economic institutions and boost investor confidence.

Swiss Re Tower, London, UK: Swiss Re is one of many global insurance companies buying insurers in Africa.

As incomes in Africa rise, African insurers are in vogue and global insurers are buying in

A growing middle class in sub-Saharan Africa is enticing European and South African insurers to buy local firms focusing mainly on life insurance and pensions, in the face of mature markets and strong competition at home.