15h22 Zimbabwean billionaire Strive
Masiyiwa plans to list part of his Botswana telecoms operator
Mascom by October this year, he said on Tuesday, in what he
expects to be one of the biggest flotations on. . .
19/04 Congo Republic shipped its
first iron ore exports on Friday from a rehabilitated deep-water
port that will be used by Congolese billionaire Paul Obambi's
Sapro SA and Swiss commodities giant Glencore.. . .
18/04 South Africa's currency
weakened on Thursday, losing ground against a stronger dollar as
investors closed positions and took profits before the Easter
holiday - while stocks took heart from rising gold prices.. . .
18/04 South African grocer
Shoprite is to buy back deferred shares held by its
chairman Christo Wiese to simplify its voting structure but
substantially curbing Wiese's influence in the company he helped
turn into an African. . .
18/04 Angola's President João
Lourenço annulled on Thursday the winning tender for the
country’s fourth telecoms operating license and ordered it be
re-run to ensure "a clean and transparent process," his office
said.. . .
18/04 South Africa's state
pension fund denied considering a former banking executive as
its next chief executive as it seeks to fill a position which
has become increasingly sensitive given the successive
departures of its CEO. . .
17/04 Zimbabwe will
in coming weeks name two new investors who will develop separate
platinum mining projects west of the capital as the country
ramps up mining output in an attempt to ease a severe. . .
15/04 South Africa's rand and
stocks were slightly weaker at the start of a shortened week on
Monday tracking a downbeat tone in major overseas markets while
some investors stayed on the sidelines ahead of. . .
12/04 South African fishing
firm Oceana Group expects its half-year profit before
tax to increase by between 26 and 30 percent, buoyed by higher
canned fish sales volumes and stronger fishmeal and fish oil
prices, it. . .
12/04 South African builder
Group Five said on Friday it would be disposing of a
number of assets as it enters business rescue, similar to
chapter 11 bankruptcy protection proceedings in the United
States.. . .
12/04 South Africa's Brimstone
Investment Corporation said it was pulling out of a
proposed 4.8 billion rand ($345 million) buyout of dairy firm
Clover Industries, amid opposition from an anti-Israel
group.. . .
11/04 Vodacom Tanzania has
agreed terms for the release of its chief executive and four
other employees following their arrests last week, it said on
Thursday, including a 5.28 billion shilling ($2.29 million)
payment to the. . .
10/04 Zimbabwe may withdraw
mining rights from companies that take too long to dig for
minerals, the deputy mines minister said on Wednesday, part of
efforts to lift output in a sector vital to the. . .
09/04 Carrefour aims to
become Kenya's number two retailer this year, adding floorspace
and using ultra-competitive pricing to boost sales and increase
market share, its franchisee holder in the country said.. . .
09/04 South Africa's new carbon
tax could cost Anglo American Platinum up to $21
million a year from 2021 its chief executive said on Tuesday,
piling pressure on an industry already grappling with higher
energy and. . .
09/04 The chief executive of
Anglo American Platinum (Amplats) said on Tuesday South
Africa's new carbon tax could cost the company between 200
million rand and 300 million rand ($21.34 million) in the next
three. . .
08/04 South Africa's rand
weakened slightly on Monday, struggling to regain the momentum
that lifted it to a five-week best as traders opted for caution
with key local economic indicators due later in the week. . .
05/04 South Africa's rand firmed
on Friday, ending the first week of the new quarter more than
two percent firmer as slow wage growth in the United States
helped maintain demand for emerging currencies.. . .
05/04 Woolworths Holdings
has launched a limited edition makeup line in
collaboration with Beyonce's makeup artist Sir John on Thursday,
seeking to strengthen its private label brand in its first
international collaboration.. . .
04/04 Vodacom Tanzania said
on Thursday the government had accused it of causing an 11
billion shilling ($4.76 million) loss linked to allegations of
fraudulent use of network facilities against its managing
director and other executives.. . .
04/04 Vodacom Tanzania said
on Thursday it was being accused of causing an 11 billion
shilling ($4.76 million) loss to the government as part of
charges levelled against its managing director and other
employees over allegations. . .
03/04 South Africa's rand
strengthened on Wednesday as hopes of a trade deal between the
United States and China bolstered risk appetite globally, while
stocks also strengthened in line with global market optimism.. . .
29/03 South Africa's rand
gained on Friday, supported by increased investor appetite for
risk, even though traders were cautious before a review of the
country's sovereign rating by Moody's later this evening.. . .
28/03 South Africa's rand
extended its fall on Thursday, tracking emerging market
currencies as the Turkish lira dropped, and as traders remained
cautious ahead of a Moody's sovereign rating decision on Friday.. . .
28/03 Steinhoff has
sold a majority stake in its South African auto dealerships
unit, it said on Thursday, days after selling its stake in a
local industrial group to shore up its finances following a
devastating. . .
28/03 Capitec Bank
will take hit of at least $25 million from cutting transaction
fees in 2019, its chief executive said on Thursday, as the South
African lender fights to defend market share from digital
newcomers.. . .
27/03 Troubled South African
retailer Steinhoff said on Wednesday it had raised 4.8
billion rand ($332 million) from the sale of its 26 percent
stake in KAP Industrial to pay off debt and shore up
its. . .
26/03 Troubled South African
retailer Steinhoff said on Tuesday it would
place up to 694 million shares in KAP Industrial via an
accelerated bookbuilding to raise cash to repay debt and shore
up its finances.. . .
26/03 South Africa's rand
slipped on Tuesday, surrendering the previous session's gains as
the dollar rebounded from a sell-off triggered by fears the
United States economy is heading for recession.. . .
26/03 Lawyers representing Nigeria's
attorney general on Tuesday appeared in court to argue that
telecoms company MTN Group did not have grounds to
oppose a $2 billion tax bill, legal teams for both sides said.. . .
25/03 South Africa's gold and
platinum mines will shed around 90,000 jobs in the next three
years as above-inflation electricity price increases by power
utility Eskom add to already soaring operating costs, an
industry body said. . .
25/03 Platinum miner Lonmin does not
have sufficient liquidity to fund the new projects needed to
avoid shaft closures and job losses, it said on Monday as it
urged shareholders to back its proposed takeover. . .
22/03 South Africa's rand fell
on Friday, alongside other emerging-market currencies, after
disappointing economic data from the euro zone added to concerns
of a slowdown in global growth and drove investors away from
riskier assets.. . .
21/03 Tencent Holdings
signalled it will reduce its reliance on gaming in China, where
a regulatory review and one-off investment costs led to its
sharpest-ever quarterly profit drop and slowest annual profit
growth in 13 years.. . .
19/03 South Africa's rand
steadied on Tuesday as the prospect of rolling blackouts and
downbeat economic data offset expectations that a dovish tone at
this week's U.S. Federal Reserve policy meeting could lift
emerging market assets.. . .
19/03 Zimbabwe expects to raise $350
million from selling shares in five state-owned
telecommunications companies and a bank, as part of economic
reforms being pursued by the government, Finance Minister Mthuli
Ncube said on Tuesday.. . .
18/03 Tanzania has ordered all
mineral-producing regions in the East African nation to set up
government-controlled trading centres by the end of June,
accelerating efforts to curb illegal exports of gold and other
precious minerals.. . .
18/03 Former Steinhoff
chairman and top shareholder Christo Wiese said on Monday he is
open to negotiations over a $4 billion claim against the South
African retailer, days after it revealed the scale of a
devastating. . .
15/03 South Africa's labour court
has rejected a request by platinum and gold sector union the
Association of Mineworkers and Construction (AMCU) to hold an
industry-wide strike, a spokesman for mining firm Anglogold
Ashanti said on. . .
14/03 The South African rand
fell on Thursday, hurt by subdued appetite for emerging market
assets and data showing that output in two key industrial
sectors of mining and manufacturing remained weak, while the
stock market. . .
14/03 following company announcements, scheduled economic indicators, debt and currency market
moves and political events may affect African markets on Thursday.
- - - - -
Asian. . .
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