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Tencent, Primavera to fund grocery delivery app - Bloomberg News

29/06 Tencent Holdings Ltd and private equity Primavera Capital are joining a funding round for Chinese grocery delivery app Xingsheng Youxuan that values the startup at $3 billion, Bloomberg reported on Monday, citing people familiar with. . .  Full story

Strike at Tata Steel's Dutch plant ends after agreement on jobs

03/07 Workers at Tata Steel's main plant in the Netherlands ended a three-week strike on Friday after the company said there would be no compulsory layoffs under a planned reorganisation of its Dutch operations.. . .  Full story

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Shoprite hit by challenges in Africa's frontier markets

26/02 Africa's largest supermarket group Shoprite reported on Tuesday its first half-year earnings decline in over a decade, hit by a currency devaluation in Angola, highlighting the challenges of doing business in frontier African markets.. . .  Full story

Reliance is "net-debt free", on road to IPO for digital, retail units

19/06 India's Reliance Industries Ltd said on Friday it has become net-debt free after raising 1.69 trillion rupees ($22.2 billion) via stake sales in its digital unit and a share sale over the past two. . .  Full story

S.Africa's cabinet gives go ahead for single state-owned petroleum entity

12/06 South Africa's cabinet on Thursday approved the merger of three state-owned oil and gas firms to form a single national oil company, as it tries to cut debt by reducing the. . .  Full story

S.Africa's Tsogo Sun CEO to retire, hotel business spin-off to go ahead

15/03 South African hotelier and casino operator Tsogo Sun said on Friday it is going ahead with the spinoff of its hotel business, as it announced its chief executive would retire in June.. . .  Full story

South Africa's Harmony raises $200 million in share sale

25/06 Harmony Gold raised $200 million after issuing more than 60 million new ordinary shares to partly fund its purchase of rival AngloGold Ashanti's last remaining South African assets, the company said on Thursday.. . .  Full story

South Africa's MTN allows customers to pay for online shopping using mobile money

30/06 South Africa's MTN is branching into the online shopping space by providing its customers with the option to pay for online purchases using mobile money payment instead of a bank card.. . .  Full story

South Africa receives unsolicited proposals for new national airline

23/06 The South African government said on Tuesday it had received unsolicited proposals from private sector funders, private equity investors and potential partners for a new national airline based on struggling South. . .  Full story

China's Geely Automobile moves towards mainland listing

17/06 Geely Automobile Holdings Ltd said on Wednesday its board had approved a preliminary proposal for the possible issue of renminbi shares and a listing on mainland China's Nasdaq-like STAR board.. . .  Full story

S.Africa's Sasfin, Hello Paisa launch bank for thousands without accounts

06/03 Banking group Sasfin and money transfer service Hello Paisa will launch a bank in South Africa this year, hoping to bring thousands of people into the financial system for the first time, the firms said. . .  Full story

U.S. FCC issues final orders declaring Huawei, ZTE national security threats

30/06 The Federal Communications Commission on Tuesday formally designated Chinese's Huawei Technologies Co and ZTE Corp as posing threats to U.S. national security, a declaration that bars U.S. firms from tapping an $8.3 billion government fund. . .  Full story

Allianz in talks for China insurance asset management licence

05/06 Allianz is in talks with Chinese regulators for a licence as the German insurer looks to eventually offer broad asset management services in the world's second-largest economy.. . .  Full story

South African retailer Mr Price pulls plug on Nigeria

25/06 Mr Price Group has become the latest South African retailer to retreat from African markets due to weak economic growth, difficulties with repatriating funds and local procurement.. . .  Full story

Aston Martin taps ex-Jaguar Land Rover CFO Kenneth Gregor as finance head

22/06 British luxury carmaker Aston Martin on Monday named Kenneth Gregor, who was the former financial chief at Jaguar Land Rover, as its new chief financial officer, looking to tap experienced management to help revive the. . .  Full story

BHP Group hires JP Morgan to sell Australian thermal coal mine - sources

23/06 The world's largest mining company BHP Group has hired U.S. investment bank JP Morgan to sell its Australian thermal coal mine, following pressure from investors concerned about global warming, two sources said.. . .  Full story

Italy's Intesa moves closer to completing approval for UBI bid

12/06 Italy's insurance regulator IVASS is set to rule early next week on the takeover offer by Intesa Sanpaolo for rival UBI, a source with knowledge of the matter said on Friday.. . .  Full story

South Africa's Impala Platinum seeks tenders for Marula tailings facility

11/05 South Africa's Impala Platinum is seeking tenders for the construction of a tailings or waste storage facility for its Marula mine in a sign of recovery for an operation which was on the verge. . .  Full story

Swiss prosecutors open Mozambique loan scandal investigation

05/06 Swiss prosecutors have opened an investigation into the $2 billion loan scandal which tipped Mozambique into a debt crisis, the Office of the Attorney General (OAG) said on Friday.. . .  Full story