The late activist, Kudzai Saruwaka was closely related to former Zimbabwe army general, Anselam Sanyatwe. This could be linked to the hidden motive for his assassinationin South Africa this weekend.
Key events for today
Tagwire, Mohadi, Auxillia and The Iconic Africa Summit/Honors 2026 is a high-level convening scheduled for February 13th, 2026, at the Rainbow Towers Hotel in Harare, Zimbabwe. Centered on the theme “The Africa We Want, Sustainable Development, Everyone’s Responsibilities,” the event brings together a powerful roster of regional leaders, including Vice President Dr. K.C.D. Mohadi, various government ministers, and prominent business figures like Dr. Kuda Tagwirei. Organized by Iconic International Holdings and the Mayorkings Agency Group, the day is split between an 11:00 AM summit focused on collaborative development strategies and a 5:00 PM honors dinner intended to recognize impactful contributions to the continent’s progress.
Top Trending News
1. Tawanda Mukodza
2. Morgen Zintech college lecturer is on the run after abusing a student.
3. Gezani is expected to strengthen into a Category 4 tropical cyclone before making landfall on the eastern coast of Madagascar (near Toamasina) on Tuesday, February 10. After crossing Madagascar, the system is forecast to enter the Mozambique Channel late on Wednesday, where it may re-intensify. This season has been noted as having a particularly intense and early start—reminiscent of the active 1996/1997 season. The current La Niña conditions often favor more cyclone activity in the Indian Ocean while suppressing it in other parts of the world. On average, this basin sees about 9 to 12 named systems per year. With Gezani being the 7th named storm by early February, the season is currently pacing toward the higher end of “normal”. South-West Indian Ocean . Eastern & Northern Zimbabwe: Areas such as Harare, Manicaland, and Mashonaland are expected to see a band of thundershowers and heavy rain starting as early as Wednesday, February 11.
Business
1. Bidvest Group is in the final stages of exiting the financial services sector through a multi-part disposal strategy. While the planned R2.8 billion sale of Bidvest Bank to Nigeria’s Access Bank recently collapsed in February 2026 due to unfulfilled contractual conditions, the group has immediately relaunched the disposal process to find a new buyer for the banking unit. Simultaneously, the sale of Bidvest Life to a private equity-led financial services consortium for approximately R130 million remains on track, pending final regulatory approvals. These activities follow the completed disposal of FinGlobal, a financial emigration service, which was sold to Momentum Group for R201 million in April 2025, and the minor R2 million sale of Bidvest Asset Management. To streamline its portfolio, Bidvest has transferred its remaining short-term insurance businesses into its Automotive segment, focusing on vehicle insurance and value-added products.
2. Northam Platinum’s share price has exploded since January 2025. The rally was punctuated by a record 52-week high of 47,445.00 ZAC in late January 2026, driven by soaring metal prices and a projected 439% surge in operating profit. Housing: The company is establishing the Lesedi Village housing project to provide affordable home ownership for employees.
3. Lotus Resources raises $53Million to increase production at Kayerekera Mine. The Kayelekera mine, which was restarted in August 2025 after 11 years of care and maintenance, recently achieved its first mining blast in the open pit. The company is currently transitioning from processing stockpiled ore to freshly mined ore to support its production trajectory.
Africa
Community
Mve Special
Notes
Foundations and Transformation (1998–2007)
1998: The Bidvest Group acquires The Rennies Group, which includes Rennies Foreign Exchange, a business with a 150-year heritage in South Africa.
2000: The South African Reserve Bank grants a banking license to the entity, which begins operating as Rennies Bank.
2007: The institution is rebranded as Bidvest Bank to leverage the broader group’s brand equity.
Expansion of Services (2008–2020)
2008–2009: Launched the Mastercard® World Currency Card™ and entered the savings and investments market. It also acquired McCarthy Fleet Solutions, adding fleet management and finance to its core offerings.
2010–2015: Expanded into credit and lending (2010) and officially launched business transactional banking (2015).
2017–2018: Launched business merchant services (2017) and the Bidvest Bank Grow Account™ (2018) for personal banking.
2020: Integrated Western Union MoneyTransfer into its mobile application to enhance digital remittance capabilities.
Strategic Divestment and Recent Events (2024–2026)
December 2024: The Bidvest Group signs an agreement to sell 100% of the bank to Nigeria’s Access Bank for R2.8 billion as part of a strategy to exit the financial services sector.
April 2025: As part of the same restructuring, Bidvest successfully completes the sale of its FinGlobal unit to Momentum Group for R201 million.
February 9, 2026: The sale to Access Bank officially collapses after Access Bank fails to meet specific regulatory and contractual conditions by the agreed deadline.
February 10, 2026: The Bidvest Group relaunches the disposal process for the bank, seeking a new buyer while continuing to manage its R6 billion asset book and R8 billion deposit base.
