Key facts
- Bank of America expects strong deal-making activity in South Africa this year.
- The projection comes from the head of Bank of America's local operation.
- This optimism persists despite global economic uncertainty.
Bank of America Corp. anticipates a robust year for deal-making in South Africa, according to the head of its local operation. This optimism persists despite prevailing global economic uncertainty. Meanwhile, Amazon has launched its Prime membership service in South Africa, offering it for less than $4 per month, bringing its popular subscription benefits to a new market. South Africa's private sector experienced a contraction in May, largely driven by increased fuel costs, reflecting broader economic challenges impacting businesses across the country.