Most Read Today

S.Korea stocks fall as trade hopes wane on Trump comments

04/12 Round-up of South Korean financial markets: ** South Korean shares shed more than 1% on Wednesday after U.S. President Donald Trump's remarks undermined optimism for a quick initial trade deal with. . .  Full story

South African retailer TFG to review Kenya, Ghana stores

15/08 South African fashion retailer TFG will decide next year whether to continue trading in Kenya and Ghana where it has at least six stores in each market, Chief Executive Officer Anthony Thunstrom said on Thursday.. . .  Full story

China capex growth hits 3-year low as weak economy, trade war drag

04/12 Capital investment by Chinese firms has ground to its slowest pace in three years, as a weakening economy, tight credit and prolonged trade war with the United States dent sales growth and cash reserves,. . .  Full story

Most Read Yesterday

U.S. judge disqualifies Huawei lawyer from fraud, sanctions case

04/12 A U.S. judge on Tuesday disqualified James Cole, a Washington lawyer for China's Huawei, from defending the telecommunications equipment maker against charges of bank fraud and sanctions violations.. . .  Full story

Most Read This Month

S.Africa investment summit draws few foreign pledges

06/11 South African President Cyril Ramaphosa secured about 200 billion rand ($13.5 billion) of new investment pledges on Wednesday, saying these would spur economic growth and reduce unemployment, but foreign firms made. . .  Full story

ArcelorMittal South Africa to close Saldanha operation

11/11 ArcelorMittal's South Africa unit said on Monday it would close its steel operations at Saldanha Works in the south of the country because it could no longer compete in export markets.. . .  Full story

Australia's South32 exits South Africa thermal coal business

06/11 Australia's South32 Ltd said on Wednesday it would sell its South Africa thermal coal business to Seriti Resources and two trusts for 100 million rand ($6.78 million) upfront and deferred payments. . .  Full story

MultiChoice profits leap on cost controlling measures

11/11 Africa's biggest pay-TV group MultiChoice saw half-year profits leap 22%, it said on Monday, as it further cut losses outside of its home market South Africa and as foreign exchange swings. . .  Full story

Moody's lowers S. African Eskom's rating deeper into junk

05/11 Moody's pushed state power firm Eskom's credit rating deeper into sub-investment territory on Tuesday, saying a government plan to reorganise the cash-strapped South African firm would be hard to implement without. . .  Full story

No apologies: Africans say their need for oil cash outweighs climate concerns

08/11 A handful of protesters on the ground floor of the cavernous Cape Town International Convention Centre spread fake oil on the ground and chanted, demanding an end to fossil fuels.. . .  Full story

Vodacom posts 19% H1 profit rise a year after share scheme hit

11/11 South African mobile operator Vodacom on Monday reported an 18.9% rise in half-year profits, partly reflecting the absence of one-off costs related to a share scheme offered to black investors.. . .  Full story

S.Africa's Tiger Brands looking at sale of processed meats business

08/11 South Africa's Tiger Brands is exploring the sale of its processed meats business, which was temporarily closed last year following the world's largest ever listeria outbreak, it said on Friday.. . .  Full story

Power cuts hit South Africa's rand

08/11 South Africa's rand was weaker early on Friday after nationwide electricity blackouts overnight by ailing state utility Eskom spooked investors and reignited worries about the economy.. . .  Full story

South Africa's PetroSA eyes Russia for $359 mln farmout deal

05/11 South Africa's national oil company PetroSA and Russia's state geological company Rosgeologia are in talks to finalise a $359 million farmout deal to give Russia its first foothold in a prospective oil and. . .  Full story

Total to drill another offshore well in South Africa early 2020

05/11 French oil and gas major Total said it will drill another exploration well in the 11B/12B block offshore South Africa in the first quarter of next year, a senior company official. . .  Full story

S.Africa manufacturing, business confidence falls take shine off investment drive

07/11 South Africa's manufacturing contracted by more than expected and business confidence tumbled in data released on Thursday, casting further doubt over the economy a day after President Cyril Ramaphosa secured $24. . .  Full story

African pay-TV group MultiChoice forecasts profit rise

07/11 Africa's biggest pay-TV group MultiChoice said on Thursday it expects its core headline earnings per share (HEPS) for the first half of the year to be between 20% and 25% higher. . .  Full story

S.Africa's Absa to open New York office by end of the year

11/11 South African lender Absa said on Monday its representative office in New York should be operational by the end of the year, after it received the necessary regulatory approvals.. . .  Full story

Failure to launch: The biggest IPO pull-outs of 2019

08/11 Private companies seeking to launch on stock markets have abandoned a series of initial public offerings (IPO) this year after a string of high-profile startups — most notably WeWork — failed to draw the. . .  Full story

Dry, hot weather threatens South African grain crops

07/11 Farmers in South Africa are concerned that a drought and hot weather could delay the coming season's plantings of grain crops and damage yields.. . .  Full story

Congo disputes Canadian miner Banro's suspension of operations

07/11 Democratic Republic of Congo has declared "null and void" Canadian gold miner Banro Corporation's suspension of operations at several of its sites in the central African country.. . .  Full story

Goldman's sub-Saharan Africa CEO Coleman to leave firm

05/11 U.S. investment bank Goldman Sachs said on Tuesday that its sub-Saharan Africa chief executive, Colin Coleman, would retire from the firm at the end of the year.. . .  Full story

South African rand flat amid fears of gloomy economy

06/11 South African rand traded flat on Wednesday, hovering near a four-session peak, as cautious investors awaited clues on the economy ahead of key manufacturing data.. . .  Full story

Coca-Cola chooses plastic bottle collection over aluminium cans to cut carbon footprint

06/11 Coca-Cola is committed to collecting and recycling plastic bottles rather than switching to aluminium cans as the world's largest soft drinks maker seeks to reduce its carbon footprint, its chief executive officer told Reuters.. . .  Full story