Naspers, Africa’s biggest company by market value, expanded its video-streaming service ShowMax into 36 new sub-Saharan African countries in a challenge to Netflix Inc., which is also growing in the region.

Vodacom in South Africa has announced that it will discontinue its M-Pesa money transfer product in South Africa from 30 June 2016.

South African retail giant Pick n Pay has announced plans to enter Africa's largest economy, Nigeria.

Standard Bank, Africa’s leading bank in terms of assets volume, mobilized one billion dollars on the international capital market, an official release announced. The South African bank’s bonds were overwritten since initial demand was $600 million. The loan will mature in three years and its rate is 1.2% higher than that of inter-bank loans within the London stock market or Libor.