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Number game, how deep is the hole in the banks

As the controversy over the injection of funds into the five banks in the country continues to rage more facts are beginning to emerge. Available data from industry study as at March 2009 provide an insight into developments in the industry. The data indicate that as at March 2009, 18 out of the 24 banks operating in the country total loan portfolio stood at N 4.4595 trillion.

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Johannesburg prepares for Africa’s grandest shopping bazaar

In a little more than two weeks, after a year of planning, Johannesburg will host the inaugural Joburg Shopping Festival. Developed to promote the City’s status as the African continent’s premier destination for retail and wholesale shopping, the JSF also aims to showcase and promote the many festivals, meetings and all around entertainment on offer in Johannesburg in September – making the “City with the Golden Touch” the place to be this spring, a truly Africa’s shopping Mecca.

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