More than 1-million South Africa accounts have been opened on the global payments platform PayPal, just four years after the first deal with First National Bank (FNB) made it possible for people and businesses in South Africa to make and accept PayPal payments.
Pinnacle Holdings this week laid rest to rumours in order to address the concerns that have kept its share price on the back foot.
Africa has experienced substantial growth in its middle class over the past 14 years, according to a study by Standard Bank. There are 15-million middle-class households in 11 of sub-Saharan Africa’s top economies this year, up from 4,6-million in 2000 and 2,4-million in 1990 – an increase of 230% over 14 years.
Africa has joined a short list of countries that will enjoy accelerated investment from SAP, to the extent of $500-million through 2020.
