16/10 South Africa's rand firmed
against a softer dollar on Tuesday, its strongest since the
start of the month, in line with other emerging-market
currencies which have slowly restored gains after recent sharp
losses.. . .
15/10 South African fast-food
chain owner Famous Brands, which owns Wimpy, Steers and
Debonairs pizza said on Monday it will take a pre-tax impairment
charge of 874 million rand ($60 million), sending its shares
down 7. . .
12/10 South African miner Exxaro
Resources said on Friday it was looking to supply coal
to state-owned power utility Eskom, which has been hit by supply
shortages, posing a threat to the power supply in. . .
12/10 Tiger Brands said
on Friday it had re-opened a facility that was closed after
South Africa's biggest food producer was implicated in the
world's largest outbreak of listeria which killed more that 200
people.. . .
11/10 South Africa's biggest
insurer Sanlam has sealed a $1.1 billion deal to
acquire the remaining 53.37 percent stake in Moroccan insurance
firm SAHAM Finances after receiving regulatory
approvals, it said on Thursday.. . .
10/10 South Africa's rand
weakened on Wednesday, giving back gains it made following Tito
Mboweni's appointment as fiance minister, with investors banking
profits ahead of a ratings decision on Friday.. . .
10/10 South African markets
rallied after the appointment of former central banker Tito
Mboweni as finance minister, an ANC insider and ally of
President Cyril Ramaphosa expected to focus on wooing investors
and reviving an economy. . .
09/10 South Africa's rand climbed
to a session best on Tuesday after President Cyril Ramaphosa
appointed former central bank governor Tito Mboweni as finance
minister, a moved that soothed markets after days of
uncertainty.. . .
09/10 Shares in South Africa's MTN
group weakened more than 4 percent on Tuesday on
uncertainty over the outcome of a meeting between the
telecommunications firm and Nigeria's central bank governor over
the repatriation of $8.1. . .
09/10 Nigeria's central bank governor is
to meet representatives of telecommunications company MTN
and banks on Tuesday to discuss a dispute over the
repatriation of $8.1 bln, two sources with direct knowledge of
the matter said.. . .
08/10 South African department
store chain Woolworths Holdings will remove single-use
plastic bags from one of its stores during a six-month trial
period in a bid to end plastic pollution, it said on Monday.. . .
08/10 South Africa's MTN Group
shares rose as much as 2.55 percent after the Nigerian
central bank governor said on Sunday the bank may reduce the
amount it has ordered the telecoms firm to repatriate. . .
06/10 Nigerian government officials met
with fund managers in New York last week on a non-deal roadshow
held to update bondholders on the country's growth plan after
getting out of recession, an investor presentation seen. . .
05/10 Nigeria's central bank is asking a
Lagos court to make South Africa's MTN pay 15 percent
annual interest on the $8.1 billion it claims was illegally
moved abroad, according to court documents seen by. . .
05/10 MTN has received a
counterclaim from Nigeria's central bank to its request for an
order to stop the bank forcing it to repatriate $8.1 billion it
claims was illegally sent out of the country,. . .
05/10 Nigeria's central bank said on
Friday it was "aggressively" engaging MTN and its
lenders over $8.1 billion it alleged the telecoms firm moved out
of the country illegally and is hopeful for an amicable
resolution. . .
04/10 South African President
Cyril Ramaphosa said on Thursday that a gathering of top
officials and business leaders had agreed on a package of
measures that would create an additional 275,000 jobs a year.. . .
03/10 Harmony Gold signed
a three-year wage agreement with South Africa's National Union
of Mineworkers (NUM) and two other unions on Wednesday,
according to the Twitter account of NUM spokesman Livhuwani
Mammburu.. . .
02/10 South Africa's rand
retreated again on Tuesday as turmoil in Italy sparked off a
selloff on the euro that spread to emerging market currencies as
investors avoided risk assets and fled to safe havens.. . .
02/10 South African construction
firm Group Five will cut more jobs as it seeks to trim
loss-making divisions, it said on Tuesday, highlighting an
industry-wide slump in its home market that has left many
companies fighting. . .
02/10 South Africa's National
Union of Mineworkers (NUM) has signed a three-year wage deal
with platinum producer Northam Platinum that secures
wage hikes of more than double the inflation rate for its
members, the union said. . .
02/10 South African engineering
and construction firm Group Five posted a 62 percent
rise in full-year losses due to higher costs from the delayed
Kpone power project in Ghana, the company said on Tuesday.. . .
28/09 Barrick Gold Corp's
acquisition of Randgold's stake in the Kibali gold mine
requires approval by the Democratic Republic of Congo's
government, Mines Minister Martin Kabwelulu said on Friday.. . .
27/09 Nigeria's main unions
launched an indefinite strike on Thursday in a dispute over the
minimum wage and a key oil industry union said it would join, in
a decision that could potentially impact crude. . .
27/09 South African department
store chain Woolworths Holdings is looking to grab a
larger share of the rapidly growing online shopping market by
allowing customers to order directly from its mobile app.. . .
27/09 South Africa's Netcare
expects the core profit margin at its biggest division,
hospital and emergency services, to fall 30-50 basis points this
fiscal year due to a weak economy, it said on Thursday, sending
its. . .
27/09 Netcare, South
Africa's second-largest private hospital operator, said on
Thursday that it expected its full-year EBITDA margins to
decline by between 30 and 50 basis points from the previous
year, sending its shares to a. . .
27/09 South Africa's telecoms group MTN
on Thursday told its staff in Nigeria to stay at home
after the country's main unions launched a nationwide strike to
demand a higher minimum wage from the government.. . .
27/09 Poland's JSW, the
European Union's biggest coking coal producer, said on Thursday
it will cooperate with South African petrochemicals group Sasol
on a project to launch a synthetic fuel plant in
Poland.. . .
26/09 Britain's top stock index held
near a three-week high on Wednesday as investors took profits
from a recent rally in oil majors after crude prices hit a
four-year peak, while retailer Boohoo jumped after. . .
26/09 South Africa's rand
powered to its firmest since late August on Wednesday as risk
assets rallied despite expectations the Federal Reserve would
raise interest rates and draw a line under a decade of
accommodative. . .
25/09 Britain's largest private healthcare
group, BMI Healthcare, is nearing a 2 million pounds ($2.6
million) restructuring deal that could cut millions of pounds
from its annual rent bill, a person familiar with the matter
said. . .
25/09 South Africa's Aveng
reported on Tuesday a wider annual net operating loss
due to declining revenue in two business units in its
manufacturing business as well as under-performance of three key
contracts in its core. . .
21/09 South Africa's National
Union of Mineworkers (NUM) signed a three-year wage deal with
AngloGold Ashanti on Friday, inking the same agreement
that other unions reached with the company earlier in the week.. . .
20/09 South Africa's rand firmed
to a three-week high against the dollar on Thursday after the
central bank left its benchmark repo rate unchanged and the U.S.
currency slipped to its lowest since July.. . .
20/09 South African retailer
Pick n Pay said on Thursday that it expects its
half-year diluted headline earnings per share to increase by up
to 85 percent largely due to cost savings from staff layoffs
made. . .
20/09 Shares in South Africa's
MTN rose 5 percent on Thursday, after Nigeria's central
bank said on Wednesday that it was reviewing information
provided by the telecoms firm and four banks over a dispute on
the. . .
19/09 Nigeria's central bank is
reviewing information provided by MTN and four banks
accused of helping the South African telecoms company to
illegally repatriate $8.1 billion, with a view to reaching an
equitable resolution, it said. . .
19/09 South African private
hospital group Life Healthcare said on Wednesday it
will sell its entire 49.7 percent stake in India's Max
Healthcare to a global investment firm for 4.3 billion rand
($293 million), in order. . .
19/09 South African media and
e-commerce group Naspers' plan to spin off
Multichoice, Africa's biggest pay-TV business by subscribers,
will free up cash for the unit to compete with fast-growing
Netflix and other streaming services.. . .
19/09 The Johannesburg Stock
Exchange (JSE) wants to increase the minimum capital
amount required for a primary listing and is considering
stricter rules on secondary listings as it seeks to improve
corporate governance.. . .
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